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 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.
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.