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CenterPoint Energy(CNP) - 2021 Q1 - Quarterly Report
2021-05-05 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, 2021 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 ...
CenterPoint Energy(CNP) - 2020 Q4 - Earnings Call Presentation
2021-02-25 17:44
D E L I V E R I N G CenterPoint。 Energy FOURTH QUARTER 2020 INVESTOR UPDATE FEBRUARY 25, 2021 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 connection herewith are forwar ...
CenterPoint Energy(CNP) - 2020 Q4 - Earnings Call Transcript
2021-02-25 16:42
Financial Data and Key Metrics Changes - CenterPoint Energy reported a guidance basis EPS of $0.29 for Q4 2020 and $1.40 for the full year, exceeding consensus and previous guidance [20][41] - The company raised its 2021 guidance basis utility EPS range to $1.24 to $1.26, establishing a new baseline for future growth targets of 6% to 8% [20][41] - The total incremental gas purchase costs due to the February winter storm are expected to be around $2.5 billion, spread across various jurisdictions [15][64] Business Line Data and Key Metrics Changes - The electric and gas systems demonstrated resilience during the winter storm, with over 98% of electric customers restored within 12 hours [10][12] - The company maintained a $16 billion capital spending program and a 10% compound annual rate base growth target [21][41] - The gas LDC sales process is on track, with efforts to minimize midstream exposure continuing [21][22] Market Data and Key Metrics Changes - Natural gas prices spiked significantly during the storm, but regulatory mechanisms are in place to recover these costs in a timely manner [12][63] - The Texas Railroad Commission confirmed that utilities can record extraordinary expenses related to the winter storm as regulatory assets, allowing for future recovery [65] Company Strategy and Development Direction - The company aims to focus on core utility operations, increase capital spending, and enhance ESG initiatives while minimizing midstream exposure [5][28] - CenterPoint is transitioning towards a fully regulated utility business model, with plans to exit midstream investments in a disciplined manner [22][25] - The management is committed to maintaining strong relationships with regulators and ensuring affordable service for customers [36][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that the winter storm will not impact the utility EPS growth rate of 6% to 8% [9][17] - The company is focused on balancing the financial health of utilities with the impact on customer bills during the recovery process [102] - There is a commitment to continuous improvement in operations and cost management to support growth [78][82] Other Important Information - The company has received $1.7 billion in short-term financing commitments to support liquidity needs following the storm [66][70] - CenterPoint plans to announce the sale of its gas LDC businesses in Arkansas and Oklahoma in early Q2 2021, with completion expected by year-end [71][72] Q&A Session Summary Question: What opportunities does CenterPoint see in light of the recent storm and policy discussions in Austin? - Management indicated ongoing discussions in Austin regarding potential improvements to grid stability, including the possibility of incorporating batteries and fuel cells into the rate base [87][89] Question: Is there a risk of financial impact from generators or retail energy providers facing difficulties? - Management stated that there is a low risk of financial impact due to strong regulatory protections allowing recovery of delinquent accounts [91][93] Question: Can you elaborate on the exit strategy for midstream investments? - Management confirmed that the focus is on minimizing midstream exposure first, with plans to exit once the merger with Energy Transfer is completed [95][98] Question: How will the company manage the costs associated with the winter storm? - Management assured that the guidance includes the impact of storm-related financing costs, with confidence in managing these through regulatory mechanisms [100][102] Question: What are the plans for winterization and capital investments following the storm? - Management noted that while winterization is challenging, there are opportunities for system hardening and resilience improvements that can be included in capital spending [110]
CenterPoint Energy(CNP) - 2020 Q4 - Annual Report
2021-02-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Registrant, State or Other Jurisdiction of Incorporation or Organization Commission file number Address of Principal Executive Offices, Z ...
CenterPoint Energy(CNP) - 2020 Q3 - Earnings Call Presentation
2020-11-06 17:26
CenterPoint. Energy THIRD QUARTER 2020 INVESTOR UPDATE NOVEMBER 5, 2020 CAUTIONARY STATEMENT 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 connection herewith are forward-looking statements made in good faith by C ...
CenterPoint Energy(CNP) - 2020 Q3 - Quarterly Report
2020-11-05 11:03
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, 2020 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) - 2020 Q2 - Quarterly Report
2020-08-06 10:26
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, 2020 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. | --- | --- | |---------------------------- ...
CenterPoint Energy(CNP) - 2020 Q1 - Quarterly Report
2020-05-07 10:40
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, 2020 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. | --- | --- | |--------------------------- ...
CenterPoint Energy(CNP) - 2019 Q4 - Annual Report
2020-02-27 11:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commissionfilenumber Registrant, State or Other Jurisdiction of Incorporation or Organization Address of Principal Executive Offices, Zip ...
CenterPoint Energy(CNP) - 2019 Q2 - Quarterly Report
2019-08-07 10:35
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, 2019 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. | --- | --- | |---------------------------- ...