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) 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.
CenterPoint Energy (NYSE: CNP) announced a new independent board governance structure, appointing Martin Nesbitt as the independent chairman. This transition eliminates the Executive Chairman position, with Milton Carroll departing immediately as Executive Chairman and director. Following shareholder feedback, the Board aims to enhance governance while advancing its strategic plan. A multi-year retention agreement was established with CEO Dave Lesar to ensure leadership continuity. The company aims to leverage capital investment opportunities and focuses on exiting midstream investments while pursuing renewable energy growth.
CenterPoint Energy, Inc. (NYSE: CNP) announced the declaration of dividends for its Common Stock and Preferred Stocks. The quarterly cash dividend for Common Stock is set at $0.1600 per share, payable on September 9, 2021, to shareholders of record by August 19, 2021. For Series A Preferred Stock, a semiannual cash dividend of $30.6250 per share is scheduled for September 1, 2021, with a record date of August 15, 2021. Additionally, the Series B Preferred Stock dividend will be $17.5000 per share, also payable on September 1, 2021.
CenterPoint Energy (NYSE: CNP) filed an application with the Indiana Utility Regulatory Commission to construct two natural gas combustion turbines for $323 million, replacing coal-fired units. This initiative supports their long-term generation transition plan for cleaner energy. The turbines, with a total output of 460 MW, aim to lower carbon emissions by 75% while saving customers an estimated $320 million over 20 years. Construction is set for late 2022 with operations beginning in 2024, having no immediate impact on residential electric bills.
CenterPoint Energy, Inc. (NYSE: CNP), a Texas-based utility company, will hold its Second Quarter 2021 Earnings Conference call on August 5, 2021, at 7:00 a.m. Central time. The company serves over 7 million customers across several states, with approximately $36 billion in assets as of March 31, 2021. CenterPoint also holds a 53.7% stake in Enable Midstream Partners, LP, enhancing its natural gas and crude oil infrastructure portfolio. For more details, visit CenterPointEnergy.com.