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) 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.
CenterPoint Energy (NYSE: CNP) announced the completion of the sale of its natural gas distribution utilities in Arkansas and Oklahoma to Summit Utilities. This transaction involved around 17,000 miles of pipeline, serving over 500,000 customers. The deal received all necessary regulatory approvals and allows CenterPoint to focus on its strategic goals. The company outlined a five-year capital plan exceeding $18 billion and a ten-year plan of over $40 billion, aimed at enhancing safety and reliability, and supporting clean energy investments.
CenterPoint Energy, Inc. (NYSE: CNP) has announced leadership promotions and appointments as part of its succession planning to support long-term growth. Effective January 1, 2022, several key executives will assume new roles, enhancing the company's management capabilities. President and CEO Dave Lesar stated that the company will increase its five-year capital plan to over $18 billion and introduce a $40 billion 10-year capital plan focused on safety, reliability, and clean energy investments. The leadership changes aim to position CenterPoint for strategic growth.
CenterPoint Energy, Inc. (NYSE: CNP) has declared dividends for its common and Series A preferred stocks. The common stock will pay a quarterly cash dividend of $0.17 per share, reflecting an 8% year-over-year increase, payable on March 10, 2022. The Series A preferred stock will yield $30.6250 per share, with a payment date of March 1, 2022. This demonstrates CenterPoint's commitment to shareholder returns, supported by its substantial asset base of $37 billion as of September 30, 2021.
LafargeHolcim, Geocycle, and CenterPoint Energy have achieved a significant milestone in their environmental initiative by successfully making the first barge shipment of nearly 2,000 tons of coal ash. This project is expected to recover and recycle over six million tons of coal ash, substantially reducing landfill use and the need for virgin raw materials in cement production. The collaborative effort, which involves an investment of over $80 million, aims to transform coal ash into a beneficial resource, supporting sustainable construction practices and contributing to a circular economy.
CenterPoint Energy reported Q3 2021 earnings of $0.32 per diluted share, up from $0.13 in Q3 2020, with non-GAAP earnings at $0.33. The company raised its Utility EPS guidance for 2021 to $1.26-$1.28, marking the third increase this year, and for 2022 to $1.36-$1.38. The capital plan has been increased to over $18 billion for five years and over $40 billion for ten years. CenterPoint aims for an 8% annual Utility EPS growth target from 2022 to 2024. The company reported $195 million income available to shareholders, amidst one-time governance costs and unfavorable weather impacting operations.
Enable Midstream Partners reported strong financial results for Q3 2021, achieving a net income of $116 million compared to a $164 million net loss in Q3 2020. Adjusted EBITDA climbed to $269 million, up $40 million year-over-year, and distributable cash flow (DCF) increased by $46 million to $193 million. The company maintained a distribution coverage ratio of 2.68x. The Gulf Run Pipeline project received all necessary approvals, with construction expected to begin early 2022. Enable is also nearing completion of its merger with Energy Transfer, anticipated by year-end 2021.