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 received approval from the Indiana Utility Regulatory Commission to acquire a 300 MW solar array and a power purchase agreement for an additional 100 MW as part of its renewable energy transition plan. The solar projects, co-developed with Arevon Energy Management and Tenaska, aim to support over 50,000 households annually. Construction is expected to begin soon, with completion anticipated by 2023. This initiative aligns with CenterPoint's goal of achieving net-zero carbon emissions by 2035.
Enable Midstream Partners (NYSE: ENBL) announced a quarterly cash distribution of $0.16525 per common unit for Q3 2021, unchanged from the previous quarter. This distribution will be paid on Nov. 17, 2021, to unitholders of record by Nov. 8, 2021. Additionally, they declared a cash distribution of $0.5403 per Series A Preferred Unit for the same quarter, payable on Nov. 12, 2021, to unitholders of record by Oct. 26, 2021. Enable operates extensive natural gas and crude oil infrastructure, with over 14,000 miles of pipelines and significant processing capacity.
Enable Midstream Partners (NYSE: ENBL) will file its third quarter 2021 results before market hours on Monday, Nov. 1. Along with the Form 10-Q filing, the partnership will issue a press release detailing the quarter's results and recent business highlights.
Enable operates over 14,000 miles of natural gas, crude oil, and water gathering pipelines, boasting a processing capacity of approximately 2.6 Bcf/d and significant storage capabilities of 84.5 billion cubic feet.
CenterPoint Energy (NYSE: CNP) appointed Raquelle W. Lewis to its Board of Directors, effective September 29, 2021. With over 25 years in communications and community outreach in transportation and infrastructure, Lewis currently leads communications for the Texas Department of Transportation's Southeast Region, managing key projects worth over $9 billion. Board Chair Martin Nesbitt highlighted her expertise as critical for executing the company's $40 billion capital plan. Lewis expressed her commitment to enhancing the company's performance and value for customers and shareholders.
CenterPoint Energy, Inc. (NYSE: CNP) announced an increase in its quarterly cash dividend from $0.16 to $0.17 per share. The new dividend will be paid on December 9, 2021, to shareholders recorded as of close on November 18, 2021. This decision highlights the company’s commitment to delivering shareholder value and reflects its solid financial performance.
CenterPoint Energy, Inc. (NYSE: CNP) will host its Third Quarter 2021 Earnings Conference Call on November 4, 2021 at 7:00 a.m. Central time. The company, a key player in Texas's electric and gas utility sector, serves over 7 million metered customers across multiple states. With approximately $36 billion in assets and a significant stake in Enable Midstream Partners, CenterPoint has a longstanding operational presence of over 150 years.
CenterPoint Energy (NYSE: CNP) announced a $1 million charitable contribution through its foundation to support environmental organizations. The Nature Conservancy and The Arbor Day Foundation will each receive $500,000 for initiatives including restoration of the Mississippi River and environmental education for students. This commitment aims to build sustainable futures in the communities served by CenterPoint. CEO Dave Lesar emphasized the company's dedication to excellence and sustainable practices as part of their goal towards a net-zero economy.
CenterPoint Energy, Inc. (NYSE: CNP) will host an Analyst Day on September 23 at 9:00 AM CT to discuss its long-term financial outlook and business strategy, including net zero emissions targets. The event will be available via a live webcast on the company's website, alongside accompanying slides. A replay will be accessible within 24 hours post-event. As of June 30, 2021, CenterPoint serves over 7 million customers across multiple states with approximately $36 billion in assets and holds a 53.7% stake in Enable Midstream Partners (NYSE: ENBL).
CenterPoint Energy (NYSE: CNP) announced on August 25, 2021, that its Indiana branch has requested approval from the Indiana Utility Regulatory Commission for two power purchase agreements (PPAs) for 335 megawatts (MW) of solar energy. This plan includes a 15-year PPA for 185 MW from Oriden in Vermillion County and a 20-year PPA for 150 MW from Origis Energy in Knox County, with both expected to be operational by 2023. The initiative is part of CenterPoint's strategy to enhance its renewable energy portfolio, potentially serving 70,000 homes and resulting in $320 million in customer savings over 20 years.
CenterPoint Energy, Inc. (CNP) reported a second-quarter 2021 income of $221 million, or $0.37 per diluted share, up from $59 million, or $0.11 per diluted share, in Q2 2020. Non-GAAP earnings were $0.36 per diluted share, driven by utility operations and midstream investments. The company raised its 2021 Utility EPS guidance to $1.25-$1.27, indicating an 8% growth target. CenterPoint invested $1.5 billion in the first half of 2021, expecting to reach $3.4 billion for the year. The company will outline its long-term strategy on September 23, 2021.