Welcome to our dedicated page for Centerpoint Energy news (Ticker: CNP), a resource for investors and traders seeking the latest updates and insights on Centerpoint Energy stock.
CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with regulated electric transmission and distribution, power generation and natural gas distribution operations serving approximately 7 million metered customers in Indiana, Minnesota, Ohio and Texas. As the only investor‑owned electric and gas utility based in Texas, CenterPoint frequently issues news on its utility operations, capital plans, financing activities and corporate governance.
This news page aggregates company‑specific updates such as quarterly and annual earnings announcements, investor update presentations, and details on CenterPoint’s long‑term capital investment plan. Recent communications have included information on a record 10‑year capital investment plan focused on economic growth and system resiliency, as well as updates on demand growth in the Greater Houston area through its Houston Electric business.
Investors and analysts can also find coverage of CenterPoint’s financing and balance sheet actions, including cash tender offers for senior notes and general mortgage bonds, public offerings of junior subordinated notes, and private offerings of convertible senior notes. The company’s press releases further highlight regular quarterly common stock dividend declarations and the use of non‑GAAP financial measures alongside GAAP results in its earnings outlook.
In addition, CenterPoint’s news flow includes items on portfolio optimization, such as the announced sale of its Ohio natural gas local distribution company business to National Fuel Gas Company, and governance developments like amendments to its bylaws and changes to board leadership roles. This page provides a centralized view of these announcements so readers can review CenterPoint’s latest disclosures, strategic initiatives and regulatory communications in one place.
CenterPoint Energy (NYSE: CNP) has appointed Christopher Foster as Executive Vice President and Chief Financial Officer, effective May 5. Foster will lead the Finance organization, reporting to CEO Dave Lesar, and will be part of the Executive Committee. His previous experience includes 11 years at PG&E Corporation, where he oversaw significant financial activities and operations, achieving top-decile earnings growth and improved balance sheet health. Lesar praised Foster's leadership qualities and highlighted the positive impact he is expected to bring to CenterPoint's long-term growth strategy.
CenterPoint Energy, Inc. (NYSE: CNP) has scheduled its 2023 Annual Meeting of Shareholders for April 21, 2023, at 9 a.m. CT in Houston, Texas. Shareholders holding shares as of February 24, 2023, will receive notice and be eligible to vote. CenterPoint is Texas's only investor-owned electric and gas utility, providing services to over 7 million customers across multiple states, including Texas, Indiana, and Louisiana. The company holds approximately $38 billion in assets and has been operational for over 150 years.
CenterPoint Energy reported Q4 2022 earnings of $0.19 per diluted share and full-year earnings of $1.59 per diluted share on a GAAP basis. Non-GAAP EPS for Q4 was $0.28, marking a 4% increase from the previous year. The company reiterated its 2023 non-GAAP EPS guidance of $1.48-$1.50, indicating an 8% growth over 2022. In 2022, CenterPoint deployed a record $4.8 billion in capital investments, focusing on customer benefits despite challenges from extreme weather and inflation. Increased regulatory recovery positively impacted earnings, although higher interest expenses posed challenges.
CenterPoint Energy, Inc. (NYSE: CNP), an investor-owned utility based in Texas, serves over 7 million metered customers across multiple states including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. The company manages $35 billion in assets and employs around 8,900 people, boasting a history exceeding 150 years. The Fourth Quarter 2022 Earnings Conference Call is scheduled for February 17, 2023, at 7:00 a.m. Central time. Interested parties can access the call via the CenterPoint investor webpage. For further details, refer to the official CenterPoint Energy website.
CenterPoint Energy, Inc. (NYSE: CNP) announced a streamlined organizational structure to enhance its long-term growth strategy and succession planning, effective January 3, 2023. Jason Wells has been appointed President and COO, reporting to CEO Dave Lesar. With a focus on operational efficiencies and improved governance, the company aims to strengthen customer service and capitalize on growth opportunities, including six upcoming rate cases. Leadership changes across its electric and natural gas businesses emphasize a unified approach to enhance customer experiences, safety, reliability, and investments in cleaner energy.
CenterPoint Energy, Inc. (NYSE: CNP) announced a quarterly cash dividend of $0.1900 per share on Common Stock, a $0.01 increase from the previous quarter, effective for shareholders of record by February 16, 2023, payable on March 9, 2023. The new dividend reflects a 9% annual growth rate compared to 2022. Additionally, a semiannual cash dividend of $30.6250 on Series A Preferred Stock was declared, payable on March 1, 2023, for shareholders of record by February 15, 2023.
CenterPoint Energy reported Q3 2022 earnings of $0.30 per diluted share (GAAP) and $0.32 (non-GAAP), reflecting a 28% increase in non-GAAP EPS compared to Q3 2021. The company reiterated its 2022 non-GAAP EPS guidance of $1.37-$1.39, projecting 9% growth year-over-year. For 2023, it initiated a guidance range of $1.48-$1.50, indicating 8% growth. CenterPoint also revealed a $2.3B increase in its long-term capital plan, raising it to nearly $43B through 2030 for grid modernization. Additionally, it identified $3B in further capital opportunities.
CenterPoint Energy announced the promotion of Jason P. Wells to President and Chief Operating Officer, effective January 1, 2023. He will continue in his role as Chief Financial Officer until a successor is named. The company is actively searching for a new CFO. The Board emphasized the importance of succession planning, reflecting engagement from shareholders. CEO Dave Lesar expressed confidence in Wells' leadership, citing his industry experience and strategic vision.
On September 29, 2022, CenterPoint Energy, Inc. (NYSE: CNP) announced a quarterly cash dividend of $0.1800 per share. This dividend is payable on December 8, 2022, to shareholders of record by the close of business on November 17, 2022. CenterPoint Energy operates as the only investor-owned electric and gas utility in Texas, serving over 7 million customers across several states. The company maintains approximately $35 billion in assets and has a workforce of around 8,900 employees.
CenterPoint Energy, Inc. (NYSE: CNP) has announced its upcoming Third Quarter 2022 Earnings Conference Call set for November 1, 2022, at 7:00 a.m. Central Time. The company, a leading energy delivery provider in Texas, serves over 7 million customers across multiple states. With approximately $35 billion in assets as of June 30, 2022, CenterPoint has maintained strong operational performance for over 150 years. Interested investors can access the call through their website.