CenterPoint Energy(CNP)
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CenterPoint Energy Names Well-Respected Energy Industry Executive Jesus Soto, Jr as Chief Operating Officer
Prnewswire· 2025-07-21 17:30
Core Insights - CenterPoint Energy has appointed Jesus Soto, Jr. as Executive Vice President and Chief Operating Officer, effective August 11, 2025, to oversee Electric Operations, Gas Operations, Safety, Supply Chain, and Customer Care functions across its service areas [1][3][4] Group 1: Leadership and Experience - Jesus Soto brings over 30 years of experience in the energy industry, focusing on operational excellence, large-scale capital project execution, and safety culture [2][5] - Soto has held senior leadership roles at various energy companies, including Quanta Services and PG&E Corporation, and has a strong background in engineering and business administration [5][6] Group 2: Company Growth and Investment - CenterPoint Energy plans to invest over $31 billion in capital projects over the next five years to support growth and economic development in its key markets [3] - The company serves approximately 7 million customers across Indiana, Minnesota, Ohio, and Texas, with total assets of approximately $44 billion as of March 31, 2025 [7]
Unveiling CenterPoint (CNP) Q2 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2025-07-21 14:21
Group 1 - CenterPoint Energy (CNP) is expected to report quarterly earnings of $0.38 per share, reflecting a year-over-year increase of 5.6% [1] - Revenues for the upcoming quarter are projected to be $1.94 billion, which is an increase of 1.8% from the same quarter last year [1] - The consensus EPS estimate has been revised upward by 2.9% in the past 30 days, indicating a reassessment by analysts [1][2] Group 2 - Analysts forecast 'Revenues- Electric Transmission and Distribution' to reach $1.22 billion, suggesting a year-over-year change of +1.4% [3] - The consensus estimate for 'Revenues- Natural Gas Distribution' is $726.86 million, indicating a year-over-year increase of +4.6% [3] - The collective assessment of analysts points to an estimated 'Revenues- Utility' of $1.98 billion, reflecting a change of +4.4% from the prior-year quarter [4] Group 3 - Analysts predict 'Operating Income / (loss)- Natural Gas Distribution' will reach $147.12 million, compared to $120.00 million in the same quarter of the previous year [4] - The estimated 'Operating Income / (loss)- Electric Transmission and Distribution' is expected to be $370.85 million, up from $346.00 million a year ago [5] - CenterPoint shares have shown returns of +4.2% over the past month, compared to the Zacks S&P 500 composite's +5.4% change [5]
CenterPoint Energy maintains readiness to respond to the low-pressure system known as Invest 93L which is mainly impacting Louisiana; may bring some scattered heavy rain and storms to Greater Houston service area
Prnewswire· 2025-07-17 20:42
Core Viewpoint - CenterPoint Energy is actively monitoring a low-pressure system, Invest 93L, which is expected to have limited impact on the Greater Houston area, while maintaining an enhanced staffing plan for potential storm-related outages [1][2][3]. Group 1: Storm Preparedness and Response - CenterPoint Energy's meteorology team is closely tracking Invest 93L and is prepared to implement their enhanced staffing plan if significant impacts occur in the Greater Houston area [3]. - The company has executed a series of resiliency improvements in the Greater Houston area since Hurricane Beryl, including the installation of over 26,000 stronger poles and the undergrounding of more than 400 miles of power lines [4][5]. - CenterPoint has mobilized vegetation management workers to clear hazardous vegetation from power lines and is coordinating with government officials to provide updates on pre-storm activities [5]. Group 2: Customer Communication and Safety - Customers are encouraged to sign up for the Power Alert Service to receive timely updates about outages and restoration efforts via phone, text, or email [8]. - The company promotes safety preparedness among customers, providing storm-related safety tips in multiple languages [9]. - CenterPoint has launched a new cloud-based Outage Tracker to provide real-time updates on outages, which is mobile-friendly and accessible [10]. Group 3: Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states and has approximately $44 billion in assets as of March 31, 2025 [11].
CenterPoint Energy remains vigilant and continues to assess progress of Invest 93L in northeastern Gulf
Prnewswire· 2025-07-16 17:56
Core Viewpoint - CenterPoint Energy is actively monitoring a low-pressure system designated as Invest 93L, which is currently moving along the Florida Panhandle, with minimal expected impact on its Greater Houston service area [1][2][4]. Weather Monitoring and Preparedness - Current weather models indicate a low likelihood of the system developing into a tropical depression or storm, with only scattered thunderstorms expected in the Greater Houston area [2][6]. - CenterPoint's meteorology team is prepared to take further action if the disturbance strengthens or changes track [3][4]. Resiliency Initiatives - Following Hurricane Beryl, CenterPoint launched the Greater Houston Resiliency Initiative (GHRI), implementing significant improvements across its 12-county service area [5]. - Key actions include the installation of over 100 weather monitoring stations, the replacement of more than 26,000 storm-resilient poles, and the undergrounding of over 400 miles of power lines to enhance overall resiliency [7][8]. Customer Communication and Safety - CenterPoint encourages customers to sign up for the Power Alert Service to receive timely updates on outages and restoration efforts [9]. - The company emphasizes the importance of having a safety plan and provides storm-related safety tips in multiple languages [10][11]. Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states and has approximately $44 billion in assets as of March 31, 2025 [12].
CenterPoint Energy continues to monitor Invest 93L in northeastern Gulf
Prnewswire· 2025-07-15 19:33
Core Viewpoint - CenterPoint Energy is actively monitoring a low-pressure system designated as Invest 93L, which is expected to move across Florida towards the Gulf, with potential impacts on the Greater Houston area, including localized flash flooding and heavy rains [1][2][3]. Group 1: Storm Monitoring and Preparedness - The storm is projected to remain weak but may develop into a tropical depression or low-end tropical storm before landfall in Central or Western Louisiana by the end of the week [2]. - CenterPoint's meteorology team indicates a low likelihood of significant storm development, with minimal impacts expected in the Greater Houston area beyond isolated heavy rains [3]. - The company has implemented a summer storm readiness plan, including actions taken since Hurricane Beryl to enhance resiliency in the Greater Houston area [4]. Group 2: Resiliency Improvements - CenterPoint has completed significant resiliency improvements, including the installation of over 26,000 stronger poles, undergrounding more than 400 miles of power lines, and installing over 5,150 automated reliability devices [5]. - The company has cleared over 6,000 miles of high-risk vegetation near power lines and installed more than 100 weather stations to improve storm preparation and situational awareness [5][6]. Group 3: Customer Communication and Safety - CenterPoint encourages customers to sign up for the Power Alert Service to receive updates on outages and restoration efforts [8]. - The company is conducting outreach to critical care customers and providing safety information through various communication channels [5][9]. - Customers are advised to prepare for the storm and can access safety tips in multiple languages [9]. Group 4: Company Overview - CenterPoint Energy, Inc. serves approximately 7 million metered customers across multiple states and has approximately $44 billion in assets as of March 31, 2025 [11]. - The company has a long history of service, with over 150 years of experience in the utility sector [11].
CenterPoint Energy is monitoring a tropical disturbance in the Northeast Gulf and ready to activate its summer storm readiness plan, if needed
Prnewswire· 2025-07-14 21:13
Core Viewpoint - CenterPoint Energy is actively monitoring a tropical disturbance that may impact the Texas Coast, primarily anticipating rain for the Houston area by the end of the week [1][5]. Group 1: Storm Readiness and Monitoring - CenterPoint has a summer storm readiness plan in place and is prepared to take action if the disturbance strengthens [2][3]. - The meteorology team is utilizing technology and data to assess the situation and keep the public informed [3]. - The company has installed over 100 weather monitoring stations to enhance situational awareness and storm preparation [4][7]. Group 2: Actions Taken for Resiliency - Since Hurricane Beryl, CenterPoint has implemented significant resiliency improvements, including installing more than 26,000 stronger poles and undergrounding over 400 miles of power lines [6]. - The company has cleared over 6,000 miles of vegetation near power lines to reduce storm-related outages and installed over 5,150 automated reliability devices [6]. - CenterPoint has donated 21 backup generators to critical facilities and launched a cloud-based Outage Tracker for real-time updates on outages [6][10]. Group 3: Customer Communication and Safety - Customers are encouraged to sign up for the Power Alert Service to receive updates on outages and restoration efforts [5][8]. - The company promotes safety preparedness and provides storm-related safety tips in multiple languages [9]. - CenterPoint's Outage Tracker is designed to handle increased traffic during storms and is accessible in English and Spanish [10]. Group 4: Company Overview - CenterPoint Energy serves approximately 7 million metered customers across multiple states and has approximately $44 billion in assets as of March 31, 2025 [11]. - The company has a long history of over 150 years in serving customers and is headquartered in Houston, Texas [11].
Is CenterPoint Energy (CNP) Stock Outpacing Its Utilities Peers This Year?
ZACKS· 2025-07-08 14:40
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has CenterPoint Energy (CNP) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.CenterPoint Energy is one of 109 individual stocks in the Utilities sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers ...
CenterPoint Energy, Inc. Second Quarter 2025 Earnings Conference Call
Prnewswire· 2025-07-07 20:05
Group 1 - CenterPoint Energy, Inc. has scheduled a conference call for July 24, 2025, at 7:00 a.m. Central time to discuss its Second Quarter results [1] - Earnings for the Second Quarter will be released on the same day before the market opens [1] - A live audio webcast of the conference call will be available on CenterPoint Energy's website, and it will be archived for at least one year [1]
CenterPoint Energy: A High-Growth Utility Powering Houston's Expansion
Seeking Alpha· 2025-06-27 19:08
Core Insights - The article discusses the author's academic and professional background in Machine Learning, Economics, and Finance, highlighting affiliations with prestigious institutions and experience in financial advisory, particularly in banking and mergers & acquisitions [1]. Group 1 - The author holds a PhD in Machine Learning with a focus on Economics and Finance [1]. - The author has academic affiliations with IESE Business School, ESADE Business School, and the Barcelona Supercomputing Center [1]. - The professional experience includes working at Deloitte Financial Advisory, specializing in banking and mergers & acquisitions [1]. Group 2 - The author's interests include machine learning and generative AI applications in finance and economics [1]. - The author is proficient in programming languages such as Python, R, and SQL [1].
First CenterPoint Energy Resiliency Technology Summit showcases innovative new tools to help improve hurricane preparedness and response
Prnewswire· 2025-06-25 20:19
Core Insights - CenterPoint Energy is committed to building the most resilient coastal grid in the U.S. and has hosted its first Technology Summit to collaborate with global leaders in AI and advanced technologies to enhance storm preparedness and emergency response [1][2] Group 1: Technology Partnerships - CenterPoint Energy has formed strategic relationships with seven global technology leaders, including Climavision, Convey, Neara, Palantir, Pano AI, Technosylva, and Urbint, to improve operations and emergency response capabilities [1][3] - These partnerships aim to leverage innovations in AI and machine learning to better prepare for powerful hurricanes and storms, enhancing overall service reliability for customers [2][3] Group 2: Greater Houston Resiliency Initiative (GHRI) - The GHRI, launched in August 2024, focuses on improving resiliency, communication, and partnerships, with the first two phases completed ahead of schedule before the 2025 hurricane season [3][4] - Key actions taken include targeting critical system upgrades, improving situational awareness, and enhancing emergency response capabilities [4][5] Group 3: Specific Actions and Improvements - CenterPoint has installed over 26,000 stronger, storm-resilient poles and added more than 5,150 automation devices to improve restoration times [5] - The company has cleared over 6,000 miles of higher-risk vegetation and undergrounded more than 400 miles of power lines to enhance overall resiliency [5] - Additionally, CenterPoint has installed over 100 weather stations to improve situational awareness and donated 21 backup generators to critical facilities [5] Group 4: Technology Utilization - Neara and Technosylva are assisting CenterPoint in planning targeted resiliency actions against extreme weather [4] - Climavision and Pano AI are enhancing real-time weather monitoring and AI forecasting to better predict weather risks [4] - Technologies from Palantir and Urbint are being utilized to connect data across assets for more effective storm response and emergency crew deployment [4]