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 (NYSE: CNP) announced Kenneth E. Coleman as the new Senior Vice President and Chief Information Officer, effective November 16, 2020. Coleman will oversee the company's IT strategy, focusing on enhancing business efficiency and customer experience through technology and analytics. Previously, he held senior roles at Southern Company and was CEO of the Birmingham Business Alliance. Coleman holds a Bachelor's degree in Communications and an MBA. CenterPoint serves over 7 million customers across multiple states and has $33 billion in assets as of September 30, 2020.
CenterPoint Energy reported a net income of $69 million, or $0.13 per diluted share, for Q3 2020, a significant decrease from $241 million, or $0.47 per diluted share, in Q3 2019. The results included $92 million in after-tax impairment charges from Enable Midstream. Despite the downturn, the company raised its 2020 Utility EPS guidance to $1.12 - $1.20, driven by projected 10% annual rate base growth and a commitment to consistent earnings growth. A virtual Investor Day is scheduled for December 7, 2020, to outline future strategies and financial outlooks.
CenterPoint Energy, Inc. (NYSE: CNP) released its 2020 Corporate Responsibility Report, titled We Deliver Responsibility, emphasizing its commitments in environmental, social, and governance (ESG) practices. Key highlights include a goal to cut operational emissions by 70% by 2035 and a 20-30% reduction in emissions from natural gas usage by 2040. The company also contributed $1.5 million to COVID-19 relief efforts and established a Diversity and Inclusion Council. The report follows the GRI framework and includes sustainability standards disclosures.
CenterPoint Energy (NYSE: CNP) will host a virtual Analyst Meeting on December 7, from 9 to 11 a.m. CT. The meeting aims to outline a multi-year strategy for maximizing stakeholder value, guided by recommendations from the Board's Business Review Committee. Presentations will include insights from President and CEO Dave Lesar and CFO Jason Wells. A live webcast will be available on the company's Investor Relations website and archived for later viewing. CenterPoint serves over 7 million customers across multiple states and holds assets worth approximately $32 billion.
On October 29, 2020, CenterPoint Energy, Inc. (NYSE: CNP) announced the declaration of dividends on its Common Stock and Series B Mandatory Convertible Preferred Stock. A quarterly cash dividend of $0.1500 per share for Common Stock will be payable on December 10, 2020, to shareholders of record as of November 19, 2020. Additionally, a quarterly cash dividend of $17.5000 per share for Series B Preferred Stock will be payable on December 1, 2020, to holders of record as of November 15, 2020, adjusted to November 13, 2020.
CenterPoint Energy Resources Corp. (CERC), a subsidiary of CenterPoint Energy (NYSE: CNP), has closed an offering of $500 million in 1.75% senior notes due 2030. The proceeds aim to cover general corporate purposes, including redeeming part of the outstanding 4.50% Senior Notes due 2021. Barclays, Citigroup, J.P. Morgan, and Mizuho Securities acted as joint bookrunners for the offering. As of June 30, 2020, CenterPoint Energy holds $32 billion in assets and serves over 7 million customers across multiple states.
CenterPoint Energy (NYSE: CNP) announced the appointment of Jason Wells as Executive Vice President and Chief Financial Officer, effective Sept. 28. He will oversee Finance, including Accounting and M&A, reporting to Dave Lesar. Wells, previously CFO at PG&E Corporation, brings a track record of driving financial strategies and improving customer rate affordability, projected to save $1.6 billion over three years. Lesar expressed confidence in Wells' ability to enhance stakeholder value and execute key initiatives that strengthen the company's utility-focused strategy.
CenterPoint Energy (NYSE: CNP) has appointed Thomas Webb as a Senior Advisor to aid the Business Review and Evaluation Committee. Webb brings over 40 years of experience, including past CFO roles at CMS Energy and Kellogg Company. He will assist in identifying strategic actions to enhance stakeholder value and support the hiring of a new CFO. Company President Dave Lesar emphasized Webb's expertise and relationships in the utility sector. CenterPoint Energy operates in multiple states, serving over 7 million customers with approximately $32 billion in assets.
CenterPoint Energy has launched a new request for proposals (RFP) to integrate wind and solar resources for Southern Indiana Gas and Electric Co. (SIGECO), serving 145,000 electric customers. This initiative is in response to the retirement of 730 MW of coal-fired generation by 2024, with plans to replace it with 700 to 1,000 MW of solar, solar + storage, and 300 MW of wind. The RFP aims to identify additional generation capacity to begin in 2023, facilitating the company's transition to renewable energy.
CenterPoint Energy, Inc. (NYSE: CNP), a major Texas-based utility, will host its third-quarter 2020 earnings conference call on November 5, 2020, at 7:00 a.m. Central time. The company serves over 7 million customers across multiple states, with assets valued at approximately $32 billion as of June 30, 2020. CenterPoint also holds a 53.7% stake in Enable Midstream Partners, LP. With a workforce of around 9,600 employees, the company has a longstanding history of over 150 years in the energy sector.