CenterPoint Energy(CNP)

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CenterPoint Energy(CNP) - 2024 Q3 - Quarterly Report
2024-10-28 10:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________ FORM 10-Q Securities registered pursuant to Section 12(b) of the Act: Registrant Title of each class Trading Symbol Name of each exchange on which registered CenterPoint Energy, Inc. Common Stock, $0.01 par value CNP New York Stock Exchange NYSE Chicago CenterPoint Energy Houston Electric, LLC 6.95% General Mortgage Bonds due 2033 n/a New York Stock Exchange CenterPoint Energy Resources Corp. 6.625% Senior Notes due 2 ...
CenterPoint Energy makes publicly available the independent third-party review by PA Consulting Group about the company'sHurricane Beryl response
Prnewswire· 2024-10-25 21:43
Core Insights - CenterPoint Energy has released an independent expert report detailing 77 recommendations to enhance its storm response capabilities following Hurricane Beryl [1][2] - The company has already completed or is in the process of implementing 51 of these recommendations as part of the Greater Houston Resiliency Initiative (GHRI) [1][2] Completed Actions - CenterPoint has completed 18 recommendations from PA Consulting Group, including the replacement of the Outage Map with an Outage Tracker and revising communication strategies to better inform customers [3] - Additional actions include acquiring smaller generators for temporary use and enhancing coordination of vegetation management [3] In-Progress Recommendations - The second phase of GHRI is underway, with 33 recommendations currently being implemented, such as expanding the installation of automated reclosers and increasing the use of composite poles for improved reliability [4][5] - Other initiatives include revising tree trimming cycles and implementing a new storm management tool for better crew deployment [4][5] Recommendations Under Evaluation - CenterPoint is evaluating 26 additional recommendations from PA Consulting Group, focusing on enhancing the tree replacement program and improving customer communication solutions [6] - The company aims to gather stakeholder feedback on communication effectiveness as part of its long-term resiliency efforts [6] Company Overview - CenterPoint Energy is an investor-owned utility based in Texas, serving over 7 million customers across multiple states, with a workforce of approximately 9,000 employees [8]
Insights Into CenterPoint (CNP) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-23 14:21
Wall Street analysts expect CenterPoint Energy (CNP) to post quarterly earnings of $0.42 per share in its upcoming report, which indicates a year-over-year increase of 5%. Revenues are expected to be $1.94 billion, up 4.2% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 16% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings ...
CenterPoint Energy lineworkers place in the top 5 percent of utilities at 40th annual International Lineman's Rodeo
Prnewswire· 2024-10-22 21:41
With more than 200 competing teams, CenterPoint earns 6th place finish among investor-owned utilities and 13th place overallHOUSTON, Oct. 22, 2024 /PRNewswire/ -- This past weekend, CenterPoint Energy's lineworkers and apprentices competed in the 40th annual International Lineman's Rodeo in Bonner Springs, Kansas. The Lineman's Rodeo attracts the best linemen from around the world to compete in events based on traditional lineman tasks. The event provides valuable opportunities for lineworkers to sharpen th ...
CenterPoint Energy to Post Q3 Earnings: What's in Store for the Stock?
ZACKS· 2024-10-22 13:10
CenterPoint Energy, Inc. (CNP) is slated to report third-quarter 2024 results on Oct. 28 before the opening bell. See the Zacks Earnings Calendar to stay ahead of market-making news. In the last reported quarter, the company delivered an earnings surprise of 9.09%. CenterPoint Energy holds a four-quarter average earnings surprise of 6.26%. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors to Note Ahead of CNP's Q3 Earnings The majority of the company's serv ...
As some frontline workers return home, CenterPoint Energy continues providing mutual assistance support for restoration efforts following devastating hurricanes
Prnewswire· 2024-10-17 15:22
Operations leadership remains in Florida to support ongoing efforts as restoration continues in the hardest-hit areas HOUSTON, Oct. 17, 2024 /PRNewswire/ -- CenterPoint Energy is proud to have answered the call from its peer utilities on the East Coast to provide mutual assistance support following the impacts of Hurricanes Helene and Milton. For the last month, at peak, approximately 350 CenterPoint leadership, frontline workers and contractors have been in Florida, Georgia and the Carolinas providing mutu ...
CenterPoint Energy Foundation launches new Community Generator Donation Program for Greater Houston Region
Prnewswire· 2024-10-10 21:32
Company donating 21 backup generators and other support in designated locations across 12 counties to support community resiliency as part of a $5 million grant from the CenterPoint Energy Foundation HOUSTON, Oct. 10, 2024 /PRNewswire/ -- Today, at a first unveiling event in Galveston County with elected officials and community leaders, CenterPoint Energy leaders announced the donation of two backup generators to Galveston County as part of a new Community Generator Donation Program to support local communi ...
CenterPoint Energy Announces Collaboration with Technosylva to Advance Resilience and Monitor System Assets for Extreme Weather Events
Prnewswire· 2024-10-08 22:17
Collaboration Leverages Technosylva's Advanced AI and Machine Learning to Strengthen Resilience and Prepare for Extreme Weather HOUSTON, Oct. 8, 2024 /PRNewswire/ -- CenterPoint Energy, a leading electric and natural gas utility serving Texas, Indiana, Ohio, Louisiana, Minnesota and Mississippi, today announced an agreement to work with Technosylva, a global leader in wildfire science and extreme weather risk mitigation solutions, to utilize predictive analytics and artificial intelligence to better prepare ...
CenterPoint Energy, Inc. to Host Webcast of Third Quarter 2024 Earnings Conference Call
GlobeNewswire News Room· 2024-10-08 13:02
Core Points - CenterPoint Energy, Inc. is the only investor-owned electric and gas utility based in Texas [1] - The company serves over 7 million metered customers across multiple states including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas [1] - As of June 30, 2024, CenterPoint Energy owned approximately $41 billion in assets [1] - The company has approximately 9,000 employees and has been in operation for over 150 years [1]
CenterPoint Inks Deal With Neara to Enhance Electric Resiliency
ZACKS· 2024-10-07 16:06
CenterPoint Energy (CNP) announced that it has signed an agreement with Neara, an Artificial Intelligence (AI)-powered infrastructure modeling platform for engineering-grade simulations and analytics. The aim is to deploy Neara's AI capabilities across CenterPoint's 5,000-square-mile Greater Houston service area. How Will This Agreement Benefit CNP? As part of CNP's efforts to improve customer and community outcomes following Hurricane Beryl, the company is committed to utilizing technology and AI. CenterPo ...