Latest news with #CenterPointEnergy
Yahoo
14-07-2025
- Climate
- Yahoo
CenterPoint Energy is monitoring a tropical disturbance in the Northeast Gulf and ready to activate its summer storm readiness plan, if needed
Current projections show a low probability of Texas Coast impacts beyond rain Any potential impacts would occur late Friday or early Saturday Customers and public encouraged to sign-up for Power Alert Service for updates about friends, family and community locations HOUSTON, July 14, 2025 /PRNewswire/ -- CenterPoint Energy's Meteorology, Emergency Planning & Response and Electric Operations teams are monitoring a tropical disturbance moving across Florida toward the Gulf. Based on current projections, the path of the storm could come near the Texas Coast by the end of the week, but is anticipated to be primarily a rain event for the Houston area. While it's still early and there are many variables, CenterPoint is ready to take action with its summer storm readiness plan. Should the disturbance continue to organize, gain strength, and models align on its different track, CenterPoint will take further actions. "CenterPoint's meteorology team has been monitoring this disturbance as it moved toward the Florida peninsula over the weekend. And we will continue to monitor, review new models and data and leverage our suite of technology assets, so we are prepared," said Matt Lanza, CenterPoint's Manager of Meteorology. "Right now, we are anticipating the low likelihood of an end of week potential rain event." "While it is early and weather models can change, we want our customers, communities and public to know that we have a summer storm readiness plan. We encourage everyone to keep an eye on the weather this week while CenterPoint stands ready to activate," said Darin Carroll, Senior Vice President of CenterPoint's Electric Business. CenterPoint's summer storm readiness plan The actions CenterPoint may take to prepare and respond to storms this summer include: Mobilizing vegetation management workers: Deploying local and contract personnel to clear hazardous vegetation from power lines in the Greater Houston area ahead of storm landfall to prevent outages. Coordinating with government officials: Providing regular updates to federal, state, county and city officials about our pre-storm activities and readiness posture. Conducting outreach to critical care customers: Reaching out to identified Critical Care Residential and Chronic Condition Residential electric customers by email, phone or text. Sharing information and updates: Providing safety and preparedness information directly with customers via email, phone or text, across social media platforms and other channels to keep customers informed and prepared. Organizing additional call center staffing: Securing additional call center staff to handle a higher volume of calls during the storm and limit wait times. Actions since Hurricane Beryl: Greater Houston Resiliency InitiativeSince launching GHRI following Hurricane Beryl last summer, CenterPoint executed a historic series of critical resiliency improvements across the company's 12-county Greater Houston area service territory. The company completed the following actions: Installed or replaced more than 26,000 stronger, more storm-resilient poles built to withstand extreme winds; Undergrounded more than 400 miles of power lines to improve overall resiliency; Installed more than 5,150 additional automated reliability devices and intelligent grid switching devices to reduce the impact of outages and improve restoration times; Cleared more than 6,000 miles of higher-risk vegetation near power lines to reduce storm-related outages; Installed more than 100 weather stations across our service territory to improve situational awareness and storm preparation; Donated 21 backup generators to critical facilities across the company's 12-county service area; and Launched a new and improved, cloud-based Outage Tracker to provide real-time updates on outages and restoration efforts in English and Spanish. Important weather station facts and locations CenterPoint has installed over 100 weather monitoring stations ahead of the Atlantic hurricane season. The weather monitoring stations were installed in strategic locations across CenterPoint's 12-county Greater Houston area electric service territory. The devices take measurements every 2-5 minutes, including humidity levels, wind speed, temperature, and rainfall. For more information on CenterPoint's GHRI actions and improvements ahead of hurricane season, visit Sign-up for Power Alert Service to get updates about family and friendsCenterPoint electric customers are encouraged to enroll in the company's Power Alert Service® to receive outage details, estimated restoration times and customer-specific restoration updates via phone call, text or email. Customers can add up to five additional email addresses or phone numbers to allow family and friends to receive outage information. CenterPoint encourages all customers to have a plan to stay safeCenterPoint is encouraging all of its customers to prepare and have a plan to stay safe during this week's weather. Customers can get storm-related safety tips at — available in English, Spanish and Vietnamese. Customers can also stay up to date on outages with CenterPoint's new and improved, cloud-based Outage Tracker, now available in English and Spanish. The Outage Tracker is built to handle increased traffic during storms, is mobile-friendly, ADA-compliant, and allows customers to see outages by county, city and zip code. For the latest updates, follow CenterPoint on X and visit About CenterPoint Energy, Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit For more information, contact: View original content to download multimedia: SOURCE CenterPoint Energy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
CenterPoint Energy's Q2 2025 Earnings: What to Expect
CenterPoint Energy, Inc. (CNP), headquartered in Houston, Texas, engages in the business of power generation and distribution. Valued at $23.7 billion by market cap, the company conducts activities in electricity transmission and distribution, natural gas distribution, interstate pipeline and gathering operations, and power generation. The leading energy delivery company is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Thursday, Jul. 24. Ahead of the event, analysts expect CNP to report a profit of $0.44 per share on a diluted basis, up 22.2% from $0.36 per share in the year-ago quarter. The company beat or matched the consensus estimates in two of the last four quarters while missing the forecast on two other occasions. Nvidia Scores Another Sovereign AI Win. How Should You Play NVDA Stock Here? Dear Amazon Stock Fans, Mark Your Calendars for July 8 Vanguard Just Bought More SoundHound Stock. Should You? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full year, analysts expect CNP to report EPS of $1.75, up 8% from $1.62 in fiscal 2024. Its EPS is expected to rise 7.4% year over year to $1.88 in fiscal 2026. CNP stock has outperformed the S&P 500 Index's ($SPX) 11.7% gains over the past 52 weeks, with shares up 18.1% during this period. However, it slightly underperformed the Utilities Select Sector SPDR Fund's (XLU) 18.3% gains over the same time frame. CNP's strong performance was boosted by favorable weather conditions and higher energy consumption. Additionally, positive sentiment was reinforced by anticipated investments in electric transmission infrastructure, particularly following the approval by PUCT of the 765-kV standard. On Apr. 24, CNP shares closed up by 1.5% after reporting its Q1 results. Its adjusted EPS of $0.53 fell short of Wall Street expectations of $0.55. CNP expects full-year adjusted EPS in the range of $1.74 to $1.76. Analysts' consensus opinion on CNP stock is reasonably bullish, with a 'Moderate Buy' rating overall. Out of 18 analysts covering the stock, seven advise a 'Strong Buy' rating, and 11 give a 'Hold.' CNP's average analyst price target is $38.87, indicating a potential upside of 8.6% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Is CenterPoint Energy (CNP) Stock Outpacing Its Utilities Peers This Year?
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 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CenterPoint Energy is currently sporting a Zacks Rank of #2 (Buy). The Zacks Consensus Estimate for CNP's full-year earnings has moved 0.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the latest available data, CNP has gained about 14.2% so far this year. Meanwhile, the Utilities sector has returned an average of 8.6% on a year-to-date basis. This shows that CenterPoint Energy is outperforming its peers so far this year. One other Utilities stock that has outperformed the sector so far this year is Enel SpA (ENLAY). The stock is up 33.3% year-to-date. The consensus estimate for Enel SpA's current year EPS has increased 10.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Breaking things down more, CenterPoint Energy is a member of the Utility - Electric Power industry, which includes 60 individual companies and currently sits at #70 in the Zacks Industry Rank. This group has gained an average of 8.6% so far this year, so CNP is performing better in this area. Enel SpA is also part of the same industry. Going forward, investors interested in Utilities stocks should continue to pay close attention to CenterPoint Energy and Enel SpA as they could maintain their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report Enel SpA (ENLAY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
CenterPoint Energy (CNP) Could Be a Great Choice
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Headquartered in Houston, CenterPoint Energy (CNP) is a Utilities stock that has seen a price change of 15.1% so far this year. Currently paying a dividend of $0.22 per share, the company has a dividend yield of 2.41%. In comparison, the Utility - Electric Power industry's yield is 3.34%, while the S&P 500's yield is 1.54%. Looking at dividend growth, the company's current annualized dividend of $0.88 is up 8.6% from last year. In the past five-year period, CenterPoint Energy has increased its dividend 5 times on a year-over-year basis for an average annual increase of 8.25%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. Right now, CenterPoint's payout ratio is 55%, which means it paid out 55% of its trailing 12-month EPS as dividend. Looking at this fiscal year, CNP expects solid earnings growth. The Zacks Consensus Estimate for 2025 is $1.75 per share, which represents a year-over-year growth rate of 8.02%. Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It's important to keep in mind that not all companies provide a quarterly payout. For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that CNP is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
25-06-2025
- Business
- Yahoo
First CenterPoint Energy Resiliency Technology Summit showcases innovative new tools to help improve hurricane preparedness and response
Global technology leaders share best practices and demonstrate advanced technologies and AI tools being used to enhance storm preparedness and emergency response HOUSTON, June 25, 2025 /PRNewswire/ -- As part of its commitment to build the most resilient coast grid in the country, and to better serve its 2.8 million customers throughout the 2025 hurricane season and beyond, CenterPoint Energy hosted its first ever Technology Summit alongside seven global leaders in AI tools, data analytics and other cutting-edge technologies. The new strategic relationships with Climavision, Convey (formerly Message Broadcast), Neara, Palantir, Pano AI, Technosylva and Urbint will help CenterPoint improve overall operations, identify critical system upgrades, enhance situational awareness, and strengthen storm preparedness and emergency response efforts. "We are committed to working with the best and brightest to achieve our goal of building and operating the most resilient coastal grid in the country. These global leaders are enabling CenterPoint to leverage the latest innovations in AI, machine learning and other areas to help Houston be better prepared for more powerful hurricanes and storms. Most importantly, these new technologies and tools will help us respond more effectively to emergencies and provide the more reliable, resilient service our customers expect and deserve," said Jason Wells, President and Chief Executive Officer of CenterPoint Energy. Advanced Technologies: Strengthening Resiliency and Emergency Readiness During the 2025 Technology Summit, representatives of CenterPoint and global tech leaders engaged with elected officials, local emergency managers and community leaders to demonstrate how these advanced technologies will enhance CenterPoint's efforts to prepare for extreme weather events, including in four key areas: Targeting critical system upgrades: Working with Neara and Technosylva , CenterPoint is enhancing how it plans and executes targeted resiliency actions to strengthen the system against extreme weather. Improving situational awareness and storm preparedness: Climavision and Pano AI are helping CenterPoint improve real-time weather monitoring, AI forecasting and risk detection – enabling CenterPoint to more effectively predict and monitor weather risks to Houston's energy infrastructure. Keeping customers better informed: CenterPoint is using critical tools from Convey to modernize communication operations and efficiently manage interactions, strengthening the company's ability to deliver real-time emergency communications to millions of customers. Strengthening emergency response: Technologies from Palantir and Urbint are helping CenterPoint connect data across its assets to respond to storms more effectively and enhancing onboarding and deployment of mutual assistance crews in an emergency. Greater Houston Resiliency Initiative: Key Actions and Improvements CenterPoint's strategic technology relationships are the latest part of a broader series of actions to improve resiliency, communication and partnerships through the Greater Houston Resiliency Initiative (GHRI), launched in August 2024. Over the first two phases of GHRI, which were completed ahead of schedule and before the start of hurricane season on June 1, CenterPoint took the following actions: Installed 26,000+ stronger, storm-resilient poles to withstand extreme winds; Added 5,150+ automation devices to improve restoration times; Cleared 6,000+ miles of higher-risk vegetation to reduce storm-related outages; Undergrounded 400+ miles of power lines to improve overall resiliency; Installed 100+ weather stations across our service territory to improve situational awareness and storm preparation; Donated 21 backup generators to critical facilities across the company's 12-county service area; and Launched a new and improved, cloud-based Outage Tracker to provide real-time updates on outages and restoration efforts in English and Spanish. The company will continue working throughout the 2025 hurricane season to further strengthen resiliency and address potential system impacts from storms and extreme weather. For more information and updates on GHRI, visit . Media Contact: About CenterPoint Energy, Inc. CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana, Minnesota, Ohio, and Texas. The company is headquartered in Houston and is the only Texas-domiciled investor-owned utility. As of March 31, 2025, the company had approximately $44 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been serving customers for more than 150 years. For more information, visit About Climavision Climavision brings together the power of a proprietary, high resolution supplemental weather radar network with its cutting-edge Horizon AI forecasting technology suite to close significant weather observation gaps and drastically improve forecast speed and accuracy. Climavision's revolutionary approach to climate technology is poised to help reduce the economic risks of volatile weather on companies, governments, and communities alike. Climavision is backed by The Rise Fund, the world's largest global impact platform committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns. The company is headquartered in Louisville, KY, with research and development operations in Raleigh, NC. To learn more, visit About Convey Convey delivers intelligent customer workflows that humanize connections in regulated environments. Formerly Message Broadcast, Convey transforms compliance requirements into streamlined experiences through purpose-built solutions that deliver measurable impact for utilities and essential service providers. Our platform helps organizations modernize operations and set new engagement standards while efficiently managing millions of interactions. Reimagine the customer journey at About Neara Neara is a physics-enabled digital twin that eclipses traditional visualization capabilities to deliver a geometrically accurate 3D spatial model of entire infrastructure networks. The model applies detailed individual asset-level analysis to entire integrated infrastructure, providing a context-rich representation of how assets actually behave and react in the physical world in any scenario. Neara connects the granular perspective engineers need to maintain a safe and structurally sound grid system with the network-wide view business leaders need to improve outcomes with effective network investments via high-velocity, automated analysis. With Neara, asset owners upgrade daily reality from reacting to dozens of problems in a context vacuum to proactively identifying exactly where and how to allocate capital for maximum community benefit through an integrated lens. Neara has modeled more than 2 million miles of infrastructure across four continents, enabling customers to save millions each year while improving resiliency and reliability, and transforming processes that once took years into outcomes delivered in hours. More information is available at About Palantir Palantir partners with utilities to modernize the grid, mitigate risk, improve safety, and adapt to changing demand and production patterns. Utilities have a complex data ecosystem that is often challenging to leverage, but we've helped partners optimize their operations at speed and meet complex challenges with data-driven decisions. Today, leading organizations use Palantir software to power critical decisions and operationalize AI. Workflows help address load management optimization, grid upgrades, emergency prevention and response, procurement bottlenecks, and more. About Pano AI Pano AI is the leader in AI-powered wildfire detection. Launched in 2020, the company provides advanced early detection and situational awareness solutions to fire agencies, utilities, governments, and private landholders to help protect people, property, and infrastructure from catastrophic wildfires. With deployments across the U.S., Canada, and Australia, Pano AI is building a new standard for real-time wildfire intelligence. To learn more, visit or follow the company on LinkedIn. About Technosylva Technosylva is the leading provider of wildfire and extreme weather modeling, risk mitigation, and operational response software. Technosylva's market-leading solutions, enhanced by AI and machine learning capabilities, provide real-time and predictive insights into developing wildfire and extreme weather risks to support electric utility, insurance, and government agency customers. Founded in 1997, Technosylva has offices in La Jolla, CA, León, Spain, and Calgary, Canada. Learn more at About Urbint Urbint is the world leader in operational resilience for energy and utilities. Urbint's solutions use Artificial Intelligence and the latest industry science to predict and manage emergencies, protect assets and keep people safe. Urbint's suite features three end-to-end solutions: 1) Worker Safety, which provides digital job safety briefs and energy-based observation workflows to reduce exposure at the point of work; 2) Damage Prevention, which manages and risk-profiles 811 tickets to help prevent third-party damages to underground assets; and 3) Emergency Preparedness & Response, which connects the entire natural disaster lifecycle to predict impact and increase a utility's response to reduce customer downtime. The largest energy and infrastructure companies trust Urbint to protect workers, assets, communities, and the environment. Learn more at View original content to download multimedia: SOURCE CenterPoint Energy
