CenterPoint Energy Inc - Company Profile
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CenterPoint Energy Inc (CenterPoint) is an energy utility company which carries out electric transmission and distribution, and natural gas distribution. It also carries out natural gas sales and service and provides pipeline services and other field services. The company markets regulated intrastate natural gas, provides natural gas transportation services, and offers unregulated services comprising residential appliance repair and maintenance. It also sells heating, ventilating and air conditioning (HVAC) equipment. CenterPoint provides gathering, processing, compression, treating, dehydration, and natural gas liquids fractionation for natural gas producers. It serves residential, industrial, municipalities, electric cooperatives, and commercial customers in various states in the US. CenterPoint is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
P.O. Box 1700, Houston, Texas, 77251-1700
Website
www.centerpointenergy.com
Telephone
1 713 2071111
No of Employees
8,827
Industry
Power
Ticker Symbol & Exchange
CNP (NYSE)
Revenue (2022)
$8.7B
-6.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-13.2%
(2022 vs 2021)
Market Cap*
$17.4B
Net Profit Margin (2022)
XYZ
-7.0%
(2022 vs 2021)
* As of and is in US$
CenterPoint Energy Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| - | - |
| Electricity | Residential Appliance Repair and Maintenance |
| Natural Gas | Electric Transmission and Distribution |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company entered into an agreement to divest Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm for US$1.2 billion. |
| 2022 | Stake Sale | In October, the company sold its stake held by New Mexico Educational Retirement Board. |
| 2022 | Contracts/Agreements | In August, the company's CenterPoint Energy Indiana South entered into an agreement with Invenergy to build the solar array project in Pike County, Indiana, the US. |
Competitor Comparison
| Key Parameters | CenterPoint Energy Inc | NextEra Energy Inc | Southern Co | Exelon Corp | Sempra |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Houston | Juno Beach | Atlanta | Chicago | San Diego |
| State/Province | Texas | Florida | Georgia | Illinois | California |
| No. of Employees | 8,827 | 16,800 | 28,100 | 19,962 | 16,835 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jason P. Wells | Chief Executive Officer | Senior Management | 2024 | - |
| Lynne Harkel-Rumford | Chief Human Resources Officer; Executive Vice President | Senior Management | 2022 | 66 |
| Tony Gardner | Chief Customer Officer; Senior Vice President | Senior Management | 2023 | - |
| Earl M. Cummings | Chairman | Non Executive Board | 2023 | - |
| Lynnae Wilson | Senior Vice President - Electric Business | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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