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, 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
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.
CenterPoint Energy reported Q2 2022 earnings of $0.28 per diluted share on a GAAP basis and $0.31 on a non-GAAP basis, reflecting an 11% increase from Q2 2021. Full-year 2022 non-GAAP EPS guidance has been raised to $1.37-$1.39, indicating a 9% growth at midpoint compared to 2021. The company emphasizes ongoing capital investments, with ~$2 billion spent so far this year, supporting an average annual customer growth of at least 2% in the Houston area. CenterPoint aims to maintain an annual non-GAAP EPS growth of 8% through 2024 and 6-8% from 2025 to 2030.
CenterPoint Energy (NYSE: CNP) has announced plans to acquire a new 130-megawatt solar array in Pike County, Indiana, pending approval from the Indiana Utility Regulatory Commission (IURC). This initiative is part of the company's Smart Energy Future Plan, which aims to diversify its energy portfolio and meet sustainability goals. The project will contribute nearly 800 MW of solar generation to power customers in southwestern Indiana. Construction is set to start after IURC approval, anticipated in early 2023, and is expected to create 130 construction jobs.
CenterPoint Energy, Inc. (NYSE: CNP) announced a quarterly cash dividend of $0.1800 per share on its Common Stock, an increase of $0.01 over the previous quarter, reflecting an 8% annual growth compared to 2021. This dividend is payable on September 8, 2022 to shareholders of record by August 18, 2022. Additionally, a semiannual dividend of $30.6250 per share on Series A Preferred Stock is set for payment on September 1, 2022.
CenterPoint Energy, Inc. (NYSE: CNP) has completed a significant restructuring to enhance its corporate structure post-acquisition of Vectren Corporation in 2019. The transaction included a $302 million exchange of Vectren Utility Holdings private placement notes for new notes issued by CenterPoint Energy Resources Corp. This consolidation allows for more efficient financing of natural gas distribution and is expected to yield long-term savings for customers. Additionally, the restructuring facilitates Southern Indiana Gas and Electric Company’s ability to securitize coal facility retirement costs, potentially reducing expenses by up to $60 million.