Associated tags: CNP, CenterPoint Energy, NYSE, Energy, Utilities, Centerpoint, Oil, Gas
Locations: NORTH AMERICA, UNITED STATES, MANKATO, WELLS, CENTERPOINT, TEXAS, LOUISIANA, HOUSTON, TX, US, CENTRAL, MISSISSIPPI, OHIO, INDIANA, MINNESOTA
Utilities,
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CNP,
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Bank Non-GAAP EPS for the first quarter 2024 was $0.55, a 10% increase to the comparable quarter of 2023.
Key Points:
- Non-GAAP EPS for the first quarter 2024 was $0.55, a 10% increase to the comparable quarter of 2023.
- These strong first quarter results were primarily driven by growth and regulatory recovery, which contributed $0.09 per share of favorability.
- We continue to explore ways to thoughtfully enhance this already great plan for all stakeholders,” said Jason Wells, President & CEO of CenterPoint.
- To the extent actual results deviate from these assumptions, the 2024 non-GAAP EPS guidance ranges may not be met, or the projected annual non-GAAP EPS growth rate may change.
Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time
Key Points:
- Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time
Click "Investors", and click the link "CenterPoint Energy, Inc. First Quarter 2024 Earnings Conference Call"
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas.
- As of December 31, 2023, the company owned approximately $40 billion in assets.
- With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.
- For more information, visit CenterPointEnergy.com.
Retrieved on:
Tuesday, February 20, 2024
Energy,
Utilities,
Oil,
Gas,
Transfer,
CenterPoint Energy,
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Sale,
GAAP,
LDC,
CNP,
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Recycling,
Bank Non-GAAP EPS for the fourth quarter 2023 was $0.32, a 14% increase to the comparable quarter of 2022.
Key Points:
- Non-GAAP EPS for the fourth quarter 2023 was $0.32, a 14% increase to the comparable quarter of 2022.
- These favorable drivers were partially offset by an unfavorable variance of $0.05 per share attributable to increased interest expense over the comparable quarter of 2022.
- “I am excited and humbled to have the privilege to lead CenterPoint into its next chapter,” said Jason Wells, CEO of CenterPoint.
- To the extent actual results deviate from these assumptions, the 2024 non-GAAP EPS guidance ranges may not be met, or the projected annual non-GAAP EPS growth rate may change.
Retrieved on:
Tuesday, February 20, 2024
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Hart–Scott–Rodino Antitrust Improvements Act,
Public expenditure,
LDC,
CNP,
EPS,
Renewable energy CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) today announced the sale of its Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for $1.2 billion.
Key Points:
- CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) today announced the sale of its Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for $1.2 billion.
- The assets include approximately 12,000 miles of main pipeline in Louisiana and Mississippi serving approximately 380,000 metered customers.
- CenterPoint’s LDCs are the second largest natural gas LDCs in both Louisiana and Mississippi by customer accounts, with a combined workforce of approximately 550 employees.
- The sales price of $1.2 billion represents approximately 32 multiple of 2023 Louisiana and Mississippi LDC earnings.
Retrieved on:
Wednesday, January 17, 2024
Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time
Key Points:
- Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time
Click "Investors", and click the link "CenterPoint Energy, Inc. Fourth Quarter and Full Year 2023 Earnings Conference Call"
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) ) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas.
- As of September 30, 2023 the company owned approximately $39 billion in assets.
- With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.
- For more information, visit CenterPointEnergy.com .
Retrieved on:
Thursday, October 26, 2023
Utilities,
Energy,
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Impaired asset,
Security (finance),
Petroleum,
Bank,
Beauty salon Non-GAAP EPS for the third quarter 2023 was also $0.40, a 25% increase to the comparable quarter of 2022.
Key Points:
- Non-GAAP EPS for the third quarter 2023 was also $0.40, a 25% increase to the comparable quarter of 2022.
- This will include approximately $200 million in 2023 and approximately $300 million in 2024 and 2025.
- 2022 and 2023 non-GAAP EPS; 2023 and 2024 non-GAAP EPS guidance range
Beginning in 2022, CenterPoint no longer separated utility and midstream operations and reported on a consolidated non-GAAP EPS basis.
- To the extent actual results deviate from these assumptions, the 2023 and/or 2024 non-GAAP EPS guidance ranges may not be met, or the projected annual non-GAAP EPS growth rate may change.
Retrieved on:
Thursday, October 26, 2023
Energy,
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Management CenterPoint Energy, Inc. (NYSE: CNP) today announced a leadership transition that helps position the company to continue driving sustainable value for customers, communities, investors and employees.
Key Points:
- CenterPoint Energy, Inc. (NYSE: CNP) today announced a leadership transition that helps position the company to continue driving sustainable value for customers, communities, investors and employees.
- The Board has unanimously appointed Jason P. Wells, CenterPoint Energy President and Chief Operating Officer, to become President and Chief Executive Officer and a member of the Board of Directors, effective January 5, 2024.
- “Today’s announcement reflects the Board’s longstanding and robust leadership succession planning and stakeholder engagement process.
- I am honored to lead the exceptional and dedicated team at CenterPoint Energy that puts customers and communities at the forefront of all we do.
Allstate,
Senior,
Electricity,
Risk management,
Cummings,
CNP,
CenterPoint Energy,
Natural gas,
NYSE,
Independent,
Management,
Thad With the appointments of Malik and Raven, CenterPoint Energy's Board is now composed of 11 directors, 10 of whom are independent.
Key Points:
- With the appointments of Malik and Raven, CenterPoint Energy's Board is now composed of 11 directors, 10 of whom are independent.
- "The decision to expand our Board of Directors with the additions of Thad and Ricky reflects our ongoing commitment to anchor the Board with directors who have outstanding corporate governance backgrounds," said Earl M. Cummings, Independent Chair of the Board.
- Malik said, "CenterPoint Energy serves an immensely important role in supporting communities by delivering electricity and natural gas to millions of customers across six states, and I am honored to join the Board.
- As a CenterPoint Energy customer, I have long admired the critically important work and services the company provides to its customers and communities."
Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time
Key Points:
- Time: 7:00 a.m. Central time or 8:00 a.m. Eastern time
Click "Investors", and click the link "CenterPoint Energy, Inc. Third Quarter 2023 Earnings Conference Call"
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas.
- As of March 31, 2023, the company owned approximately $38 billion in assets.
- With approximately 8,900 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.
- For more information, visit CenterPointEnergy.com.
HOUSTON, Aug. 21, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced that the company's Board of Directors has appointed Earl M. Cummings as its Independent Board Chair. Mr. Cummings has served as an Independent Director of CenterPoint Energy's Board of Directors since 2020. During that time, he has also served as the Chair of the Governance, Environmental and Sustainability Committee, as well as a member of the Audit and Compensation Committees.
Key Points:
- HOUSTON, Aug. 21, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced that the company's Board of Directors has appointed Earl M. Cummings as its Independent Board Chair.
- Mr. Cummings has served as an Independent Director of CenterPoint Energy's Board of Directors since 2020.
- Mr. Cummings succeeds Martin H. Nesbitt, who served as Independent Board Chair since July 2021.
- Mr. Cummings said, "I feel privileged to take on the role of Independent Chair of the Board at such an exciting time for our company.
