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. reports developments for a multi-state electric and natural gas delivery company serving metered customers in Indiana, Minnesota, Ohio and Texas. The company’s recurring news covers regulated electric transmission and distribution, power generation, natural gas distribution, customer service initiatives and grid resiliency work, including storm-hardening, vegetation management, automation and other reliability-focused infrastructure upgrades.
CenterPoint Energy news also includes quarterly and annual operating results, dividend declarations, debt and convertible-note financing, capital investment plans, shareholder matters and Board governance updates. Company updates frequently connect earnings drivers to regulatory recovery, weather and usage, operating expense, interest expense and investment in system safety, reliability and resilience.
CenterPoint Energy, Inc. (NYSE: CNP) received approval from the Indiana Utility Regulatory Commission to enter into two power purchase agreements (PPAs) for 335 megawatts (MWs) of solar energy. This includes a 15-year PPA for 185 MWs with Oriden and a 20-year PPA for 150 MWs with Origis Energy. The projects will supply enough power for over 70,000 homes, supporting the company's Smart Energy Future strategy and helping achieve net-zero greenhouse gas emissions by 2035. The IRP aims to generate nearly two-thirds of energy from renewables while saving customers an estimated $320 million over 20 years.
CenterPoint Energy reported Q1 2022 earnings of $0.82 per diluted share, marking an increase from $0.56 in Q1 2021. The earnings included strategic transaction-related income of $0.35 per share. Non-GAAP EPS stood at $0.47, flat compared to the previous year. The company reaffirmed its non-GAAP EPS guidance for 2022 at $1.36-$1.38, targeting an 8% annual growth rate through 2024. CenterPoint has fully exited midstream operations, selling its Energy Transfer position at a 20% premium. The five-year capital plan increased to $19.3 billion, focusing on regulated utility investments.
CenterPoint Energy, Inc. (NYSE: CNP) declared a quarterly cash dividend of $0.1700 per share on its Common Stock. This dividend will be payable on June 9, 2022, to shareholders of record by the close of business on May 19, 2022. With over 7 million metered customers in various states, the company possesses approximately $38 billion in assets as of December 31, 2021. CenterPoint has a long-standing history, serving customers for over 150 years.
CenterPoint Energy, Inc. (NYSE: CNP) held its 2022 annual shareholder meeting on April 22, where shareholders elected Christopher H. Franklin as a new independent director. Franklin brings extensive experience from his role as CEO at Essential Utilities. The meeting also saw the election of existing directors for one-year terms, the ratification of Deloitte & Touche LLP as auditors, and the adoption of the 2022 Long-Term Incentive Plan. However, shareholders voted against the advisory resolution on executive compensation. This signifies a shift towards aligning company interests with those of shareholders.
CenterPoint Energy, Inc. (NYSE: CNP), based in Houston, TX, will host its First Quarter 2022 Earnings Conference Call on May 3, 2022, at 7:00 a.m. Central time. This energy delivery company services over 7 million customers across several states, including Texas and Indiana, with a strong asset base of approximately $38 billion as of December 31, 2021. CenterPoint has a workforce of around 9,400 employees and has been operational for over 150 years. Details for listening to the conference call can be found on their investor relations website.
Itron has signed a contract with CenterPoint Energy to deploy 3 million Intelis natural gas smart meters. This initiative aims to enhance safety, reliability, and efficiency of CenterPoint's gas distribution system. The Intelis meters feature an automatic shutoff valve for increased safety and provide accurate consumption data to customers. This partnership reflects CenterPoint's commitment to modernizing its infrastructure while also supporting environmental sustainability goals by reducing carbon emissions from utility vehicles.
CenterPoint Energy, Inc. (NYSE: CNP) has completed its exit from midstream interests by selling its Energy Transfer holdings, realizing a 20% premium compared to the ET common unit price at the time of the Enable merger announcement on February 12, 2021. The proceeds will be used to reduce debt. Moody's revised CNP's cash flow to debt ratio downgrade threshold to 13%, reflecting improved business risk. CenterPoint aims for over $40 billion in capital investments and targets 8% non-GAAP EPS growth through 2024, with long-term plans of 6-8% growth through 2030.
CenterPoint Energy, Inc. (NYSE: CNP) has announced its 2022 annual meeting of shareholders, scheduled for April 22, 2022, at 9 a.m. CDT, in Houston, Texas. Shareholders of record as of February 25, 2022, will receive notice and voting rights. CenterPoint Energy serves over 7 million customers across various states, including Texas and Indiana, with approximately $38 billion in assets as of December 31, 2021. The company has a rich history of over 150 years in the energy delivery sector.
CenterPoint Energy reported Q4 2021 earnings of $1.01 per diluted share, with full year earnings at $2.28 per diluted share. Non-GAAP Utility EPS was $0.27 for Q4 and $1.27 for the full year. The company has reaffirmed its non-GAAP EPS guidance for 2022 between $1.36 and $1.38. CenterPoint aims for an 8% non-GAAP EPS growth rate from 2022 to 2024, continuing to the mid-to-high end of a 6-8% range through 2030. The company is making strides to exit its midstream investments, having sold 75% of its Energy Transfer common units.
CenterPoint Energy, Inc. (NYSE: CNP), a major Texas-based energy utility, will hold its Fourth Quarter & Full Year 2021 Earnings Conference Call on February 22, 2022, at 7:00 a.m. Central time. Following the recent Arkansas/Oklahoma transaction, the company now serves nearly 7 million customers across multiple states, including Texas and Indiana, and boasts approximately $37 billion in assets. Established over 150 years ago, CenterPoint maintains a workforce of about 9,000 employees. For further details, investors can access the conference via this link.