CenterPoint Energy, Inc.
CNP-PB
New York Stock Exchange46.31
USD
-0.36
- -
CenterPoint Energy, Inc.
CNP-PB
(New York Stock Exchange)
Recent
price
46.31
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- CenterPoint Energy, Inc. (NYSE: CNP-PB) operates as a public utility holding company engaged in energy delivery services, primarily providing electric transmission and distribution to approximately 2.8 million metered customers and natural gas distribution to over 1.5 million customers. The company offers core products and services including regulated electric transmission and distribution through its Houston Electric subsidiary; regulated intrastate natural gas distribution via CenterPoint Energy Resources Corp.; midstream operations encompassing interstate natural gas transportation, storage, and gathering through Enable Midstream Partners; and additional energy services such as energy efficiency programs, smart grid technologies, and customer solutions for residential, commercial, and industrial segments. These services support key business segments in electric utility, natural gas utility, and midstream energy, targeting markets across residential, commercial, industrial, and wholesale customers primarily in the U.S. South and Midwest regions, including Texas, Minnesota, Indiana, Louisiana, Oklahoma, Arkansas, Mississippi, Kansas, Alabama, and Ohio. Founded in 1882 and headquartered in Houston, Texas, CenterPoint Energy maintains operations through subsidiaries like Vectren (acquired in 2018 for natural gas and electric distribution in the Midwest), with no parent company. The company emphasizes infrastructure modernization, renewable energy integration, and grid resilience initiatives. In recent developments within the last 1-2 years, CenterPoint Energy completed significant post-Hurricane Beryl restoration efforts in 2024, investing over $2 billion in electric grid hardening and resiliency measures across its Texas service territory, including undergrounding power lines and deploying advanced metering infrastructure. The company secured regulatory approval in 2024 for a multi-year energy efficiency plan and launched new natural gas infrastructure projects, such as pipeline expansions in Oklahoma and Texas to support growing demand. Additionally, CenterPoint announced strategic partnerships for hydrogen blending pilots and carbon capture initiatives in 2025, alongside a $1.4 billion acquisition of additional midstream assets to bolster its Enable Midstream portfolio, reflecting a shift toward cleaner energy transitions and operational expansions.