CenterPoint Energy(CNP)

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S&P 500 Achieves a Milestone After Two Decades - 5 Top Picks
ZACKS· 2025-05-05 13:25
The S&P 500 Index has been able to recoup all losses suffered due to the Trump administration’s tariff-led market mayhem at a lightning speed. On May 2, the broad-market index recorded a nine-day winning streak, for the first time since November 2004. With this, Wall Street’s most observed stock index recovered all losses since April 2, when President Donald Trump announced the imposition of reciprocal tariffs. The index is currently around 7% away from its all-time high recorded in February. During the tar ...
A Texas first: CenterPoint Energy announces historic installation of weather station network to monitor severe weather, including hurricanes, across Greater Houston
Prnewswire· 2025-04-28 21:31
Installation of first phase of 100 weather stations will enhance and improve storm mobilization, preparation and response to major weather eventsHOUSTON, April 28, 2025 /PRNewswire/ -- Today, CenterPoint Energy (NYSE: CNP) announced that, as part of the Greater Houston Resiliency Initiative (GHRI) and its actions to prepare for the 2025 hurricane season, the company has begun installing the first wave of weather monitoring stations to enhance situational awareness during severe weather events. The implement ...
CenterPoint Energy (CNP) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2025-04-28 16:50
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, ...
CenterPoint Energy: Earnings Should Accelerate As Financing Costs Normalize
Seeking Alpha· 2025-04-27 13:30
Core Viewpoint - The article emphasizes the importance of contrarian investment strategies based on macroeconomic views and specific stock turnaround stories to achieve significant returns with a favorable risk/reward profile [1]. Group 1: Investment Strategy - The investment approach focuses on making contrarian bets, which involves taking positions that are contrary to prevailing market trends [1]. - The strategy aims to identify stock-specific turnaround stories that can lead to outsized returns [1]. Group 2: Experience and Expertise - The author has over fifteen years of experience in the investment banking sector, specializing in industry and company research [1]. - The expertise includes analyzing various news, events, and financial reports to uncover potential investment opportunities and risks [1].
CenterPoint (CNP) Q1 2025 Earnings Call
The Motley Fool· 2025-04-24 18:15
Image source: The Motley Fool.Thursday, Apr 24, 2025CALL PARTICIPANTSJason Wells: Chief Executive OfficerChris Foster: Chief Financial OfficerJackie Richert: Senior Vice President of Corporate Planning, Investor Relations, and TreasurerNeed a quote from one of our analysts? Email [email protected] Q1 2025 Non-GAAP EPS of $0.53: $0.53, compared to $0.55 in Q1 20242025 Capital Investment Target of $4.8 billion: $4.8 billion, with $1.3 billion invested in Q1 2025Capital Investment Plan Through 2030: $48.5 bill ...
CenterPoint Energy(CNP) - 2025 Q1 - Earnings Call Transcript
2025-04-24 18:02
CenterPoint Energy, Inc. (NYSE:CNP) Q1 2025 Earnings Conference Call April 24, 2025 8:00 AM ET Company Participants Jackie Richert - SVP, Corporate Planning, IR and Treasurer Jason Wells - CEO Chris Foster - CFO Conference Call Participants Constantine Lednev - Guggenheim Securities Nicholas Campanella - Barclays Durgesh Chopra - Evercore ISI Steven Fleishman - Wolfe Research Julien Dumoulin-Smith - Jefferies Jeremy Tonet - JPMorgan David Arcaro - Morgan Stanley Andrew Weisel - Scotiabank Operator Good morn ...
CenterPoint Energy(CNP) - 2025 Q1 - Earnings Call Presentation
2025-04-24 16:51
FIRST QUARTER 2025 INVESTOR UPDATE Cautionary Statement and Other Disclaimer This presentation and the oral statements made in connection herewith contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this presentation and the oral statements made in connection herewith are forward-looking statements made in good faith by CenterPoint Energ ...
CenterPoint Energy Q1 Earnings Miss Estimates, Revenues Improve Y/Y
ZACKS· 2025-04-24 16:40
CenterPoint Energy, Inc. (CNP) reported first-quarter 2025 adjusted earnings of 53 cents per share, which lagged the Zacks Consensus Estimate of 55 cents by 3.6%. The bottom line also missed the year-ago quarter’s figure of 55 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The year-over-year decline can be attributed to the unfavorable timing of recoveries from interim capital mechanisms, and partly due to dilution of common equity issuances.The company’s GAAP earnings were ...
CenterPoint Energy(CNP) - 2025 Q1 - Quarterly Results
2025-04-24 10:15
CenterPoint. Energy CenterPoint. Energy FIRST QUARTER 2025 INVESTOR UPDATE FIRST QUARTER 2025 INVESTOR UPDATE This present for and the catalogical repair in pornesian treneilith renting "proved splayer of the the eneman's with the enemanin of Serion 27 in the Seudites Act 1933 and fiat included in this consession and the cols statements model in competition hereville neerin space in operatision interestly on our list for Campur into. (Samper of the ly the Pintia Beatlies Librailin Relements consering Cartel ...
CenterPoint Energy(CNP) - 2025 Q1 - Quarterly Report
2025-04-24 10:02
Financial Performance - Net income for the three months ended March 31, 2025, was $297 million, a decrease of $53 million compared to $350 million in the same period of 2024[202]. - Total utility operations net income decreased by $68 million, from $404 million in Q1 2024 to $336 million in Q1 2025[202]. - Electric segment revenues increased to $1,066 million in Q1 2025 from $1,049 million in Q1 2024, while net income decreased by $13 million to $108 million[207]. - Natural Gas segment revenues rose significantly to $1,853 million in Q1 2025, up $283 million from $1,570 million in Q1 2024, but net income decreased by $55 million to $228 million[210]. - Houston Electric's total revenues decreased by $17 million to $884 million for the three months ended March 31, 2025, with a notable increase in residential throughput by 12%[215]. - CERC's revenues increased by $276 million to $1.788 billion for the three months ended March 31, 2025, driven by customer growth and weather impacts[219]. - Houston Electric's net income decreased by $15 million to $84 million for the three months ended March 31, 2025, impacted by higher interest expenses[215]. - CERC's operating income improved by $37 million to $407 million for the three months ended March 31, 2025, despite increased utility natural gas costs[219]. - CERC reported a gain on sale of $52 million for the three months ended March 31, 2025, contributing positively to net income[219]. Customer Metrics - The total number of metered residential customers increased by 2% to 2,651,381 as of March 31, 2025, compared to 2,604,026 in the previous year[207]. - Houston Electric's number of metered customers increased by 2% to 2,830,184 at the end of the period[215]. Capital Expenditures and Investments - Estimated capital expenditures for 2025 are projected at $3,764 million, with $2,139 million allocated for Houston Electric and $1,080 million for CERC[226]. - CenterPoint Energy anticipates spending over $3 billion in energy investments to support renewable energy generation and reduce GHG emissions, aligning with its net zero emissions goals[260]. - Indiana Electric's 2019/2020 Integrated Resource Plan (IRP) includes retiring 730 MW of coal-fired generation and replacing it with 626 MW of solar and 200 MW of wind generation, with further approvals pending[260]. - The proposed Transmission and Distribution System Resiliency Plan involves an investment of approximately $5.75 billion over three years, with $5.54 billion in capital costs and $211 million in operations and maintenance expenses[245]. Financing Activities - Financing activities provided $1,053 million in Q1 2025, compared to $376 million in Q1 2024, indicating a significant increase in financing cash flow[225]. - Net changes in commercial paper outstanding increased by $412 million in Q1 2025, reflecting a strategic shift in financing[225]. - CenterPoint Energy expects to meet its cash needs for the remainder of 2025 through operational cash flow and financing activities, including potential bond issuances[228]. Regulatory and Legislative Matters - CenterPoint Energy plans to monitor the 89th Texas Legislature for any legislation that may impact its business operations[242]. - The Minnesota Gas Rate Case requests a delivery charge adjustment of approximately 6.5% or $85 million for 2024 and an additional 3.7% or $52 million for 2025, driven by safety and reliability investments[247]. - Houston Electric's rate case seeks an increase of approximately $17 million (1%) for retail customers and $43 million (6.6%) for wholesale transmission service, reflecting ongoing investments in system reliability[248]. - The Ohio Gas Rate Case seeks a revenue requirement increase of approximately $100 million based on a requested return on equity of 10.4%[249]. - The anticipated decision date for the Minnesota Gas Rate Case is July 1, 2025, following a unanimous settlement agreement filed on November 25, 2024[247]. Operational Challenges - CenterPoint Energy's solar projects face delays and increased costs due to unavailability of solar panels and supply chain issues, with potential impacts on project viability[243]. - The company anticipates restoration costs associated with the May 2024 Storm Events to be approximately $32 million for the remainder of 2025[226]. Credit and Debt Management - As of April 21, 2025, the Registrants had approximately $4.0 billion in revolving credit facilities, with a utilization of $395 million[264]. - The weighted average interest rate for borrowings in the CenterPoint Energy money pool was 4.62%, with Houston Electric borrowing $94 million and CERC borrowing $920 million[271]. - CenterPoint Energy's credit ratings as of April 21, 2025, included Baa2 (Moody's), BBB (S&P), and BBB (Fitch) with a negative outlook from all three agencies[272]. - A downgrade in credit ratings could increase borrowing costs under revolving credit facilities, but the impact would have been insignificant if downgraded one notch as of March 31, 2025[275]. Economic and Market Conditions - In 2025, the U.S. government imposed a 25% tariff on steel imports and a baseline tariff of 10% on products from all countries, leading to increased uncertainty in economic conditions and potential impacts on capital market access and commodity costs[252]. - The shift in U.S. energy policy under the current administration has created uncertainty regarding the future of renewable generation infrastructure development[258]. - The impact of climate-related regulations on compliance costs remains uncertain, with expectations of increased costs due to new regulations[257].