$CNP (CenterPoint Energy, Inc.)

$CNP {{ '2016-08-05T16:31:05+0000' | timeago}} • Webcast

Neel Mitra of Tudor Pickering asks for an update on equity requirements beyond 2018. $CNP said it has analyzed its credit metrics and is currently at approx. 20%. $CNP plans to maintain this level but if this erodes, the company would consider equity. The erosion could be caused by multiple factors including a higher rate of capital investment.

$CNP {{ '2017-08-24T11:12:38+0000' | timeago}} • Announcement

CenterPoint Energy Resources (CERC), an indirect subsidiary of $CNP, closed its offering of $300MM of its 4.10% senior notes due Sept. 1, 2047. Net proceeds will be for general corporate purposes, including the repayment of a portion of its outstanding commercial paper.

$CNP {{ '2017-08-11T11:47:42+0000' | timeago}} • Announcement

$CNP announced the closing of its offering of $500MM aggregate principal amount of its 2.50% senior notes due Sept 1, 2022. Net proceeds will be used for general corporate purposes, including the repayment of a portion of its outstanding commercial paper.

$CNP {{ '2017-07-28T18:28:34+0000' | timeago}} • Announcement

The BoD of $CNP has declared a regular quarterly cash dividend of $0.2675 per share of common stock, payable on Sept 8, 2017, to shareholders of record as on Aug 16, 2017.

$CNP {{ '2017-05-05T16:09:00+0000' | timeago}} • Webcast

$CNP plans to invest in excess of $7Bil in its utilities over the next five years knowing the timeliness and the returns it can get based on the investment. The company added that it would focus remains on the organic investment.

$CNP {{ '2017-05-05T15:57:01+0000' | timeago}} • Webcast

With regards to the strategic review on Enable business in which $CNP owns 54.1% limited partner interest, the company said that it is discussing with other parties in evaluating an alternative. The company added that it has the options of keeping, selling or spinning off the Enable business.

$CNP {{ '2017-05-05T15:46:03+0000' | timeago}} • Webcast

$CNP said that assuming an anticipated positive decision from ERCOT later in 2017 for the $250MM transmission project in Freeport, Texas, the next step would be to file with the Commission. The company anticipates that the construction period of this transmission project would be between 2019 and 2021.

$CNP {{ '2017-05-05T11:16:26+0000' | timeago}} • Announcement

In 1Q17, $CNP's electric transmission & distribution segment  reported operating income of $78MM, down 6% YoY. The natural gas distribution segment's earnings grew 2.5% to $164MM and that of energy services segment rose to $35MM. The midstream investments segment reported $72MM of equity income, vs $60MM in 1Q16.

$CNP {{ '2017-05-05T11:09:51+0000' | timeago}} • Announcement

$CNP reaffirmed its earnings estimate for FY17 in the range of $1.25-1.33 per share. This guidance includes anticipated utility operations earnings of $0.93-0.97 per share and anticipated midstream investment earnings of $0.31-0.37 per share.

$CNP {{ '2017-05-05T11:05:29+0000' | timeago}} • Announcement

Utilities company $CNP reported 37% increase in revenue in 1Q17 to $2.73Bil. Net income was $192MM, or $0.44 per share, compared to $154MM, or $0.36 per share in the year-ago quarter. Operating income rose 9% to $274MM.

$CNP {{ '2017-04-28T15:30:36+0000' | timeago}} • Announcement

$CNP's BoD declared a regular quarterly cash dividend of $0.2675 per share of common stock. The dividend is payable on June 9, 2017, to shareholders of record as of the close of business on May 16, 2017.

$CNP {{ '2017-04-10T15:34:36+0000' | timeago}} • Announcement

$CNP filed a rate case settlement with the Railroad Commission of Texas for its Houston-area customers. If approved by the RRC, the settlement would increase the company's natural gas distribution base rate revenues for Houston-area customers by about $16.5MM per year. The new rates are expected to go into effect in May or June of 2017.

$CNP {{ '2017-04-06T22:40:43+0000' | timeago}} • Announcement

$CNP's CenterPoint Energy Houston Electric business filed an application for Distribution Cost Recovery Factor with the Texas PUC. This represents a $44.6MM annual increase over current rates to begin recovering about $479MM in distribution capital invested in 2016. New rates are expected to go into effect by September 1.

$CNP {{ '2017-03-01T14:47:18+0000' | timeago}} • Announcement

$CNP appointed Scott Doyle as SVP of Natural Gas Distribution, and Joe Vortherms as SVP of Energy Services. Also Jason Ryan, currently VP of Regulatory Legal, is named VP of Regulatory and Government Affairs. These organizational changes are effective March 1, 2017.

$CNP {{ '2017-02-28T17:17:43+0000' | timeago}} • Webcast

$CNP said that it is expected to be a cash taxpayer. At the end of 2016, the company had no remaining federal or federal tax carry-forwards and does not have tax credits. The company expects effective tax rate and cash taxes to be lower as a result of lower statutory rates and the capital expenditure deductions.

$CNP {{ '2017-02-28T17:02:08+0000' | timeago}} • Webcast

For 2018, $CNP expects earnings momentum to continue, helped by the growth in utility operations and midstream investments. With the current and anticipated rate filings, fully integrated energy services business, and strong performance from Enable business, $CNP targets to achieve or exceed the upper end of 4-6% EPS growth rate for 2018 vs. 2017.

$CNP {{ '2017-02-28T12:24:09+0000' | timeago}} • Announcement

For FY17, $CNP expects EPS to be in the range of $1.25-1.33. This guidance includes anticipated utility operations earnings of $0.93 - $0.97 per diluted share and anticipated midstream investment earnings of $0.31 - $0.37 per diluted share.

$CNP {{ '2017-02-28T12:18:36+0000' | timeago}} • Announcement

During 4Q16, $CNP's Electric Transmission & Distribution segment revenue rose 4% YoY to $729MM. Natural gas distribution segment revenues rose 10% YoY to $716MM. Energy services revenue rose 45% to $649MM.

$CNP {{ '2017-02-28T12:13:14+0000' | timeago}} • Announcement

Power distribution company $CNP reported 4Q16 net income of $101MM, or $0.23 per share, compared to net loss of $509MM, or $1.18 per share during 4Q15. Revenue rose 16% YoY to $2.08Bil.

$CNP {{ '2017-01-12T22:00:30+0000' | timeago}} • Announcement

$CNP's indirect, wholly-owned subsidiary CenterPoint Energy Houston Electric, LLC closed on 3% general mortgage bonds totaling $300MM due Feb. 1, 2027. Net proceeds will be for general limited liability company purposes.

$CNP {{ '2017-01-06T14:49:07+0000' | timeago}} • Announcement

$CNP expects lower interest expense for 2017 and a full year of dividend income from its investment in Enable Midstream Partners' preferred units. The company anticipates 2017 capital spending of $1.5Bil, a 14% increase over the prior forecast.

Recent Transcripts

TGT (Target Corp.)
Wednesday, August 16 2017 - 12:00pm
HTM (U.S. Geothermal Inc.)
Friday, August 11 2017 - 3:00pm
TAC (TransAlta Corp.)
Thursday, August 10 2017 - 3:00pm
LNG (Cheniere Energy, Inc.)
Tuesday, August 8 2017 - 3:00pm
DNR (Denbury Resources Inc.)
Tuesday, August 8 2017 - 3:00pm
AES (The AES Corporation)
Tuesday, August 8 2017 - 1:00pm
SRE (Sempra Energy)
Friday, August 4 2017 - 4:00pm
CBB (Cincinnati Bell Inc.)
Friday, August 4 2017 - 2:00pm
APA (Apache Corp.)
Thursday, August 3 2017 - 6:00pm
PNW (Pinnacle West Capital Corporation)
Thursday, August 3 2017 - 4:00pm
CNP (CenterPoint Energy, Inc.)
Thursday, August 3 2017 - 2:00pm
PPL (PPL Corporation)
Thursday, August 3 2017 - 12:30pm
SO (Southern Company)
Wednesday, August 2 2017 - 5:00pm
NFX (Newfield Exploration Co.)
Wednesday, August 2 2017 - 3:00pm
AVA (Avista Corp.)
Wednesday, August 2 2017 - 2:30pm
POR (Portland General Electric Company)
Friday, July 28 2017 - 3:00pm
PNM (PNM Resources, Inc.)
Friday, July 28 2017 - 3:00pm
PCG (PG&E Corporation)
Thursday, July 27 2017 - 3:00pm
AEP (American Electric Power Co., Inc.)
Thursday, July 27 2017 - 1:00pm
VZ (Verizon Communications Inc.)
Thursday, July 27 2017 - 12:30pm

AlphaGraphics you may like