The Zacks Utility – Electric Power industry stocks have been transitioning toward clean sources of fuel and focusing on lower carbon emissions. The support from the government is aiding the industry’s transition toward clean energy sources to produce electricity. Utilities are also focused on strengthening the grid as well as transmission and distribution infrastructure. The huge infrastructure of the utilities faces the impact of the hurricane season each year. Infrastructure enhancement around the year in ...

Brandon Bell/Getty Images News Shares of CenterPoint Energy (NYSE:CNP) have been a poor performer over the past year, essentially treading water during what has been a strong bull market run. Since recommending shares as a “buy” in November, CNP has continued to trade flat, lagging the S&P 500’s double-digit return. I continue to believe the company has very favorable geographic positioning and is poised for solid dividend growth, though recent developments have been somewhat mixed. On balance, I still ...

Meeting to be held Friday, April 26 at 9 a.m. CT HOUSTON, March 15, 2024 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced its 2024 Annual Meeting of Shareholders will be held on Friday, April 26, 2024, at 9 a.m. CT in the CenterPoint Energy Tower auditorium, 1111 Louisiana Street, Houston, Texas. Shareholders who hold shares of CenterPoint Energy Common Stock at the close of business on March 1, 2024, will receive notice of the meeting and will be eligible to vote. About CenterPoint Ener ...

Some of the factors that could cause actual results to differ from those expressed or implied by our forward-looking statements include, but are not limited to, risks and uncertainties relating to: (1) CenterPoint Energy's business strategies and strategic initiatives, restructurings, joint ventures and acquisitions or dispositions of assets or businesses, including the announced sale of our Natural Gas businesses in Louisiana and Mississippi, and the completed sale of Energy Systems Group, which we cannot ...

CenterPoint Energy, Inc. (NYSE:CNP) Q4 2023 Earnings Conference Call February 20, 2024 8:00 AM ET Company Participants Jackie Richert - VP Corporate Planning, IR and Treasurer Jason Wells - CEO Chris Foster - CFO Conference Call Participants Anthony Crowdell - Mizuho Steve Fleishman - Wolfe Research Constantine Lednev - Guggenheim Partners Durgesh Chopra - Evercore Sophie Karp - KeyBanc Julien Dumoulin-Smith - Bank of America Operator Good morning, and welcome to CenterPoint Energy's Fourth Quarter and Full ...

CenterPoint Energy (CNP) reported $2.18 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 19.5%. EPS of $0.32 for the same period compares to $0.28 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.76 billion, representing a surprise of -20.91%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.32.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

CenterPoint Energy, Inc. (CNP) reported fourth-quarter 2023 adjusted earnings of 32 cents per share, which came in line with the Zacks Consensus Estimate. The bottom line improved 14.3% from the year-ago quarter’s figure, driven by regulatory recovery and a one-time tax benefit.The company registered GAAP earnings of 30 cents per share compared with 19 cents in the prior-year quarter.For 2023, the company generated adjusted earnings of $1.50 per share compared with $1.38 in 2022. The full-year bottom line c ...

CenterPoint Energy (CNP) came out with quarterly earnings of $0.32 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this energy delivery company would post earnings of $0.37 per share when it actually produced earnings of $0.40, delivering a surprise of 8.11%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.CenterPoint, w ...

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP) or “CenterPoint” today reported income available to common shareholders of $192 million, or $0.30 per diluted share on a GAAP basis for the fourth quarter of 2023, compared to $0.19 per diluted share in the previous comparable period of 2022, and $867 million, or $1.37 per diluted share for the year ended December 31, 2023, compared to $1,008 million, or $1.59 per diluted share for the year ended December 31, 2022. Non-GAAP EPS for the fourth q ...

Solar | --- | --- | --- | --- | --- | |----------|--------------------------------|--------------------------|---------------|-----------------| | PPA with | Location | Expected Date in Service | Capacity (MW) | Term (in Years) | | Clenera | Warrick County, Indiana | 2025 | 100 | 25 | | Oriden | Vermillion County, Indiana | 2025 | 185 | 15 | | Origis | Knox County, Indiana | 2025 | 150 | 20 | | | | | 435 | | | --- | --- | |----------------------------------------------------|-------------------------------- ...