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CenterPoint Energy(CNP) - 2022 Q4 - Annual Report
2023-02-16 16:00
Substantially all of CenterPoint Energy's and CERC's Natural Gas is subject to cost-of-service rate regulation by the relevant state public utility commissions and, in Texas, by those municipalities that have retained original jurisdiction. In certain of the jurisdictions in which they operate, CenterPoint Energy's and CERC's Natural Gas has annual rate adjustment mechanisms that provide for changes in rates dependent upon certain changes in invested capital, earned returns on equity or actual margins reali ...
CenterPoint Energy(CNP) - 2022 Q3 - Earnings Call Transcript
2022-11-01 18:02
CenterPoint Energy, Inc. (NYSE:CNP) Q3 2022 Earnings Conference Call November 1, 2022 8:00 AM ET Company Participants Jackie Richert - Vice President, Investor Relations and Treasurer Dave Lesar - Chief Executive Officer Jason Wells - Chief Financial Officer Conference Call Participants Anthony Crowdell - Mizuho Steve Fleishman - Wolfe Research Julien Dumoulin-Smith - Bank of America Jeremy Tonet - J.P. Morgan Durgesh Chopra - Evercore Operator Good morning. And welcome to CenterPoint Energy’s Third Quarter ...
CenterPoint Energy(CNP) - 2022 Q3 - Earnings Call Presentation
2022-11-01 17:30
Establishing a path towards PREMIUM Through Sustainable Growth… THIRD QUARTER 2022 INVESTOR UPDATE November 1, 2022 Cautionary Statement and Other Disclaimers 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 connecti ...
CenterPoint Energy(CNP) - 2022 Q3 - Quarterly Report
2022-10-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________________ TO __________________ Commission file number 1-31447 CenterPoint Energy, Inc. (Exact name of registrant as specified ...
CenterPoint Energy(CNP) - 2022 Q2 - Earnings Call Presentation
2022-08-02 18:48
Establishing a path towards PREMIUM T h r o u g h S u s t a i n a b l e G r o w t h … SECOND QUARTER 2022 INVESTOR UPDATE AUGUST 2, 2022 Cautionary Statement and Other Disclaimers 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 statem ...
CenterPoint Energy(CNP) - 2022 Q2 - Earnings Call Transcript
2022-08-02 18:23
CenterPoint Energy, Inc. (NYSE:CNP) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants Jackie Richert - Vice President, Investor Relations and Treasurer Dave Lesar - Chief Executive Officer Jason Wells - Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research Jeremy Tonet - J.P. Morgan Andrew Weisel - Scotiabank David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Bank of America Operator Good morning. And welcom ...
CenterPoint Energy(CNP) - 2022 Q2 - Quarterly Report
2022-08-01 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________________ TO __________________ Commission file number 1-31447 CenterPoint Energy, Inc. (Exact name of registrant as specified in i ...
CenterPoint Energy(CNP) - 2022 Q1 - Earnings Call Transcript
2022-05-03 15:21
Financial Data and Key Metrics Changes - The company reported a GAAP EPS of $0.82 for Q1 2022, which includes a net gain of $0.30 from the sale of Arkansas and Oklahoma LDCs and $0.05 from midstream-related earnings [26][27] - Non-GAAP EPS for Q1 2022 was $0.47, flat compared to Q1 2021, with a $0.03 reduction due to the divestiture of Arkansas and Oklahoma operations [26][27] - The company reiterated its non-GAAP EPS guidance for 2022 at $1.36 to $1.38, reflecting an 8% growth over the previous year [29][30] Business Line Data and Key Metrics Changes - The divestiture of gas LDCs removed $0.03 from earnings in Q1 2022 compared to Q1 2021, with a full-year impact normalizing to about $0.02 [7][27] - The company experienced organic growth with 11 consecutive years of 2% or greater customer growth in the Houston Electric area [8] Market Data and Key Metrics Changes - The company is focused on capital investments of $19.3 billion over the next five years, an increase from the previous $19.2 billion [11][34] - The capital investment plan is expected to support a projected rate base growth of approximately 9% CAGR over the 10-year plan [11][23] Company Strategy and Development Direction - The company aims to maintain affordable bills for customers while achieving a 1% to 2% reduction in O&M expenses annually over the next decade [10][17] - The focus remains on traditional utility investments without major projects or technology bets, ensuring minimal regulatory lag [11][22] - The company plans to fund its growth without external equity issuances, utilizing proceeds from divestitures to support capital investments [6][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting customer needs through organic growth and system upgrades, anticipating incremental capital investments beyond the $40 billion plan [22][23] - The company is actively addressing inflation and supply chain challenges while maintaining its commitment to O&M reduction targets [57][73] Other Important Information - The company has initiated a green hydrogen production facility, marking a step towards its long-term carbon reduction goals [37] - Regulatory mechanisms are in place to recover approximately 80% of the 10-year capital plan, allowing for timely recovery of investments [34][39] Q&A Session Summary Question: Discussion on industrial load and capital needs - Management indicated that current cash flow is sufficient to meet capital needs without requiring external equity or further divestitures at this time [47][48] Question: Updates on capital plans and execution - Management confirmed that the focus will be on executing the current capital plan while providing updates on industrial demand and resiliency projects in future calls [54][68] Question: Challenges in meeting O&M targets - Management acknowledged the challenges posed by the tight labor market and supply chain issues but remains committed to achieving O&M reduction targets [56][57] Question: Impact of inflation on capital expenditures - Management clarified that recent capital increases are primarily due to project pull-forwards rather than inflation, although inflation is being monitored as a potential risk [72][73] Question: Regulatory feedback on solar projects and energy inflation - Management noted that while there are cost increases, the transition from coal to cleaner energy sources remains a more cost-effective solution for customers [65][66]
CenterPoint Energy(CNP) - 2022 Q1 - Earnings Call Presentation
2022-05-03 12:49
Establishing a path towards PREMIUM T h r o u g h S u s t a i n a b l e G r o w t h … | --- | --- | |-----------------------------|-------| | | | | INVESTOR UPDATE May 3, 2022 | | Cautionary Statement and Other Disclaimers 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 includ ...
CenterPoint Energy(CNP) - 2022 Q1 - Quarterly Report
2022-05-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________________ TO __________________ Commission file number 1-31447 CenterPoint Energy, Inc. (Exact name of registrant as specified in ...