CSIMarket
 
Centerpoint Energy Inc   (CNP)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $28.5300 $0.58 2.075%
Day's High: $28.53 Week Perf: 4.12 %
Day's Low: $ 27.99 30 Day Perf: 2.11 %
Volume (M): 3,338 52 Wk High: $ 31.44
Volume (M$): $ 95,236 52 Wk Avg: $28.42
Open: $28.08 52 Wk Low: $25.42



 Market Capitalization (Millions $) 18,055
 Shares Outstanding (Millions) 633
 Employees 12,901
 Revenues (TTM) (Millions $) 8,696
 Net Income (TTM) (Millions $) 917
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) 4,401

Centerpoint Energy Inc
We are a public utility holding company. Our operating subsidiaries own and operate electric transmission and distribution facilities and natural gas distribution facilities and own interests in Enable Midstream Partners, LP (Enable) as described below. Our indirect wholly owned subsidiaries include:


CenterPoint Energy Houston Electric, LLC (CenterPoint Houston), which engages in the electric transmission and distribution business in a 5,000-square mile area of the Texas Gulf Coast that includes the city of Houston; and


CenterPoint Energy Resources Corp. (CERC Corp. and, together with its subsidiaries, CERC), which owns and operates natural gas distribution systems in six states (Gas Operations). A wholly owned subsidiary of CERC Corp. offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and electric and gas utilities. CERC Corp. also owned approximately 58.3% of the limited partner interests in Enable, an unconsolidated partnership jointly controlled with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets.

Our reportable business segments are Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. From time to time, we consider the acquisition or the disposition of assets or businesses.


The ERCOT market operates under the reliability standards set by the North American Electric Reliability Council. The Texas Utility Commission has primary jurisdiction over the ERCOT market to ensure the adequacy and reliability of electricity supply across the states main interconnected power transmission grid. The ERCOT independent system operator (ERCOT ISO) is responsible for maintaining reliable operations of the bulk electric power supply system in the ERCOT market. Its responsibilities include ensuring that electricity production and delivery are accurately accounted for among the generation resources and wholesale buyers and sellers. Unlike certain other regional power markets, the ERCOT market is not a centrally dispatched power pool, and the ERCOT ISO does not procure energy on behalf of its members other than to maintain the reliable operations of the transmission system. Members are responsible for contracting sales and purchases of power bilaterally. The ERCOT ISO also serves as agent for procuring ancillary services for those who elect not to provide their own
ancillary services.

CenterPoint Houstons electric transmission business supports the operation of the ERCOT ISO and all ERCOT members. The transmission business has planning, design, construction, operation and maintenance responsibility for the portion of the transmission grid and for the load-serving substations it owns, primarily
within its certificated area. The transmission business is participating with the ERCOT ISO and other ERCOT utilities to plan, design, obtain regulatory approval for and construct new transmission lines necessary to increase bulk power transfer capability and to remove existing constraints on the ERCOT transmission grid.


Customers

CenterPoint Houstons customers consist of municipalities, electric cooperatives, other distribution companies and approximately 43 retail electric providers in its certificated service area. CenterPoint Houston serves nearly all of the Houston/Galveston metropolitan area. Each retail electric provider is licensed by, and must meet creditworthiness criteria established by, the Texas Utility Commission. Two of these retail electric providers are subsidiaries of Reliant Resources.

Competition

There are no other transmission and distribution utilities in CenterPoint Houstons service area. In order for another provider of transmission and distribution services to provide such services in CenterPoint Houstons territory, it would be required to obtain a certificate of convenience and necessity in proceedings before the Texas Utility Commission and, depending on the location of the facilities, may also be required to obtain franchises from
one or more municipalities.

CERC competes primarily with alternate energy sources such as electricity and other fuel sources. In some areas, intrastate pipelines, other gas distributors and marketers also compete directly for gas sales to end users. In addition, as a result of federal regulatory changes affecting interstate pipelines, natural gas marketers operating on these pipelines may be able to bypass CERCs facilities and market and sell and/or transport natural gas directly to commercial and industrial customers.

Our pipelines and gathering business competes with other interstate and intrastate pipelines and gathering companies in the transportation and storage of natural gas. The principal elements of competition among pipelines are rates, terms of service, and flexibility and reliability of service. Our pipelines and gathering business competes indirectly with other forms of energy available to its customers, including electricity, coal and fuel oils.



   Company Address: 1111 Louisiana Houston, 77002 TX
   Company Phone Number: 207-1111   Stock Exchange / Ticker: NYSE CNP
   


Customers Net Income grew by CNP's Customers Net Profit Margin grew to

7.99 %

6.71 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CEG   -2.43%    
DUK        4.37% 
EXC        3.53% 
NRG   -4.08%    
PCG        3.44% 
XEL        2.92% 
• View Complete Report
   



Merger and Acquisition

CenterPoint Energy Announces Sale of Louisiana and Mississippi Natural Gas Assets to Bernhard Capital Partners for $12 Billion

Published Tue, Feb 20 2024 11:31 AM UTC

CenterPoint Energy Announces Sale of Louisiana and Mississippi Natural Gas Assets to Bernhard Capital Partners for $1.2 Billion
Houston-based utility company, CenterPoint Energy, Inc. (NYSE: CNP), has recently made a significant decision to sell its Louisiana and Mississippi natural gas local distribution company (LDC) businesses to Bernhard Capital Partners. The private...

Centerpoint Energy Inc

CenterPoint Energy Inc. Sees Strong Financial Performance Following Strategic Sale of Natural Gas Businesses



Houston-based utility company, CenterPoint Energy, Inc. (NYSE: CNP), recently announced the sale of its Louisiana and Mississippi natural gas local distribution company (LDC) businesses to Bernhard Capital Partners for $1.2 billion. This strategic move aims to optimize the company's portfolio, streamline operations, and provide financial leverage for future growth. As a result, CenterPoint Energy reported positive financial results for the fiscal year ending December 31, 2023.
Financial Performance and Results:
Despite experiencing a decrease in revenue by -19.513% to $2.18 billion year-on-year, CenterPoint Energy saw its income per share increase by 63.1% to $0.30. Comparatively, the previous fiscal period showed a decrease in income per share by -24.17% to $0.40, but revenue improved by 17.312% to $1.86 billion. Net income for the fiscal period ending December 31, 2023, rose by 43.28% to $192 million, compared to $134 million in the prior year.

Dividend

CenterPoint Energy: Rising Earnings and Decreased Payout Ratio Hint at a Bright Future for Dividend Growth

Published Thu, Dec 14 2023 9:30 PM UTC


Few factors are as closely watched in the world of dividend investing as the payout ratio. The lower the percentage, the more comfortably the company can afford its dividend payments or increase its dividend yield. In context of CenterPoint Energy, as their earnings continue to rise, while the payout ratio remains below the company's average, it prompts the question - w...

Centerpoint Energy Inc

Centerpoint Energy Inc's Remarkable Profit Surges 33.33% Despite Declining Revenue

Centerpoint Energy Inc, a leading energy delivery company, recently released its financial report for the most recent fiscal period. Despite a decrease in revenue, the company successfully managed to increase its earnings per share, demonstrating its ability to adapt to market conditions and generate profits.
In the most recent fiscal period, Centerpoint Energy Inc experienced a surge in profit per share, which rose by an impressive 33.33% to $0.40 per share. However, revenue fell by -2.26% to $1.86 billion compared to the previous year. Although this decline in revenue is noteworthy, the company's focus on maximizing profitability has proven successful.

Centerpoint Energy Inc

Centerpoint Energy Inc Reports Slight Revenue Decline of -3.549% in Recent Fiscal Period Amidst Industry Growth



Centerpoint Energy Inc, an electric utility company, has witnessed a 2.19% increase in its stock value over the past 3 months and a significant 30.55% increase over the past 12 months. However, despite these positive figures, a closer look at the company's recent financial results reveals some challenges. This article explores the implications of these findings and raises questions about the future direction of Centerpoint Energy Inc.
Financial Performance Analysis:
1. Declining Earnings per Share (EPS): Centerpoint Energy Inc's EPS dropped by -39.29% to $0.17 per share compared to $0.28 in the previous year. This decline raises concerns about the company's profitability and its ability to generate sustainable earnings.






 

Centerpoint Energy Inc's Segments
 
Electric Transmission & Distribution
 Segment     of total Revenue
Natural Gas Distribution
 Segment     of total Revenue
Other Operations
 Segment     of total Revenue
Competitive Natural Gas Sales & Services
 Segment     of total Revenue
 
• View Complete Report

Centerpoint Energy Inc's Operating Statistics Decrease / Increase
       
Electric Distribution Residential (MWh) thousands    Electric Distribution Residential (MWh) thousands Growth   
Electric Distribution Total (MWh) thousands    Electric Distribution Total (MWh) thousands Growth   
Electric Distribution Residential Customers (thousands)    Electric Distribution Residential Customers (thousands) Growth   
Electric Distribution Total Customers (thousands)    Electric Distribution Total Customers (thousands) Growth   
Natural Gas Distribution Throughput (BCF)    Natural Gas Distribution Throughput (BCF) Growth   
Competitive Natural Gas Sales Throughput (BCF)   Competitive Natural Gas Sales Throughput (BCF) Decline   
Pipelines & Gathering Throughput (BCF)     
Field Services Throughput (BCF)     
Natural Gas Distribution Total Customers (thousands)    Natural Gas Distribution Total Customers (thousands) Growth   
Competitive Natural Gas Total Customers (thousands)    Competitive Natural Gas Total Customers (thousands) Growth   




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com