CENTERPOINT ENERGY (CNP) Company Report

CenterPoint Energy will divest its Vectren Energy Delivery of Ohio LDC business to National Fuel Gas Company for $2.62 billion, representing a 1.9x multiple of its 2024 rate base.
The assets include roughly 5,900 miles of transmission and distribution pipeline serving 335,000 metered customers in West Central Ohio.
The transaction is expected to close in Q4 2026, with $1.42 billion paid at closing and $1.20 billion via a seller note due Q4 2027 bearing 6.5% interest.
Proceeds will be redeployed into CenterPoint’s $65 billion capital plan to support its regulated electric and gas utility investments.
CenterPoint reiterates its 9% non-GAAP EPS growth target for 2025 and maintains its long-term EPS targets through 2035.

Oct 21, 2025, 8:30 PM

8-K

CenterPoint Energy announces pricing of tender offers

CNP

Debt Issuance

CenterPoint Energy set cash tender offers for up to $300 million of its senior notes and $200 million of CEHE mortgage bonds (aggregate maximum $500 million).
The 3.70% Senior Notes due 2049, 2.65% Senior Notes due 2031 and 2.95% Senior Notes due 2030 carry yields of 5.714%, 4.352% and 4.202%, with total considerations of $739.17, $915.49 and $950.13 per $1,000, respectively.
CEHE’s 4.25% Series AC bonds due 2049 and 4.50% Series X bonds due 2044 priced at yields of 5.364% and 5.330%, with total considerations of $852.69 and $903.16 per $1,000, respectively.
Securities validly tendered by the October 1, 2025 Early Tender Date are expected to settle on October 6, 2025, subject to proration factors of ~12.8% for the 2030 notes and ~3.5% for Series X bonds.

Oct 2, 2025, 7:27 PM

Press Release

CenterPoint Energy announces $700M junior subordinated notes offering

CNP

Debt Issuance

CenterPoint Energy entered into an underwriting agreement on September 30, 2025 to issue $700 million aggregate principal amount of 5.950% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series D, due April 1, 2056.
Interest will accrue from October 2, 2025, payable semi-annually on April 1 and October 1, initially at 5.950% through April 1, 2031, then resetting every five years at the Five-Year Treasury Rate plus 2.223% (with a floor of 5.950%).
The notes are unsecured junior obligations that rank subordinate to all existing and future senior indebtedness and allow the company to defer interest for up to 20 consecutive semi-annual interest periods.

Oct 1, 2025, 9:07 PM

8-K

CenterPoint Energy updates EPS guidance and expands 10-year investment plan

CNP

Guidance Update

New Projects/Investments

Dividends

CenterPoint raised its 2025 non-GAAP EPS guidance to $1.75–1.77 (from $1.74–1.76) and initiated 2026 non-GAAP EPS guidance of $1.89–1.91, targeting 8% growth at the midpoint.
The company increased its customer-driven capital investment plan through 2030 by $2 billion, bringing total additions this year to $7.5 billion, and now plans $65 billion in investments through 2035 (with $33 billion from 2026–2030 and $32 billion from 2031–2035).
Over the long term, CenterPoint targets 7%–9% annual non-GAAP EPS growth through 2035 and aims for the mid-to-high end of this range from 2026–2028.
Financing will be supported by self-funding ~65% of investments via improved operating cash flow, moderating dividend growth to ~6% annually, and modest $3 billion common equity issuances from 2028–2035.

Sep 29, 2025, 8:30 PM

Transcript

CenterPoint Energy unveils $65 B capital plan and boosts EPS guidance

CNP

Guidance Update

New Projects/Investments

Record $65 billion 10-year investment plan: Customer-driven capital program for 2026–2035, plus over $10 billion in incremental opportunities to enhance grid and gas infrastructure.
Raised 2025 non-GAAP EPS guidance: Range increased to $1.75–$1.77, targeting ~9 % growth at midpoint vs. 2024.
Initiated 2026 EPS outlook: Non-GAAP EPS guided at $1.89–$1.91, aiming for at least midpoint to deliver ~8 % growth from 2025.
Extended long-term EPS growth targets: Annual mid-to-high 7 %–9 % growth projected from 2026 through 2028 and maintained through 2035.
Forecasting demand surge: Houston Electric peak load expected to climb ~50 % to 31 GW by 2031 and double to 42 GW mid-2030s, supporting investment.

Sep 29, 2025, 8:05 PM

Press Release

CenterPoint Energy announces $65 B 10-year investment plan and raises EPS guidance

CNP

New Projects/Investments

Guidance Update

Introduced a customer-driven $65 billion capital investment plan for 2026–2035, with over $10 billion of incremental opportunities to further enhance customer outcomes.
Raised full-year 2025 non-GAAP EPS guidance range to $1.75–$1.77, representing 9% growth at the midpoint versus 2024 delivered results.
Initiated 2026 non-GAAP EPS guidance at $1.89–$1.91, targeting at least the midpoint for 8% growth over the raised 2025 midpoint.
Extended long-term non-GAAP EPS annual growth targets to the mid-to-high end of 7%–9% from 2026 through 2028 and thereafter through 2035.
Forecasts Houston Electric peak load to increase to ~31 GW by 2031 and to ~42 GW by mid-next decade to support anticipated demand growth.

Sep 29, 2025, 8:01 PM

8-K

CenterPoint Energy launches cash tender offers for outstanding notes

CNP

Commenced cash tender offers for up to $300 million of its 3.70% Senior Notes due 2049, 2.65% Senior Notes due 2031 and 2.95% Senior Notes due 2030, and $200 million of CEHE’s 4.25% Series AC 2049 and 4.50% Series X 2044 bonds to reduce outstanding indebtedness.
Tender offers include a fixed spread over U.S. Treasury reference securities plus a $30 per $1,000 early tender payment; early tender deadline is October 1, 2025, with final expiration on October 17, 2025.
Settlement dates are October 6, 2025 for early tenders and October 21, 2025 for final tenders; repurchases will be funded with cash on hand and commercial paper borrowings and cancelled upon purchase.

Sep 18, 2025, 8:37 PM

8-K

CenterPoint Energy issues $1B of 3.00% convertible senior notes due 2028

CNP

Debt Issuance

On July 31, 2025, CenterPoint Energy completed a private sale of $1,000,000,000 aggregate principal amount of 3.00% Convertible Senior Notes due August 1, 2028, including a $100,000,000 option exercise.
Interest at 3.00% per annum is payable semiannually on February 1 and August 1, beginning February 1, 2026; net proceeds were approximately $986.8 million.
Notes are initially convertible at 21.4477 shares per $1,000 (approx. $46.63 per share), a 25% premium to the July 28 closing price, with up to 26.8 million shares issuable upon conversion.

Jul 31, 2025, 12:00 AM

8-K

CenterPoint Energy prices $900 M convertible notes due 2028

CNP

Debt Issuance

Convertible Preferred Issuance

CenterPoint Energy priced a $900 million offering of 3.00% convertible senior notes due 2028, with an option for up to an additional $100 million, expected to close July 31, 2025.
The notes are senior, unsecured, pay 3.00% interest semiannually starting February 1, 2026, mature August 1, 2028, and are convertible at 21.4477 shares per $1,000 principal (≈$46.63/share).
Net proceeds are expected to be $888.1 million (or $986.8 million if the option is fully exercised), to be used for general corporate purposes, including repayment of commercial paper and other debt.
The offering was conducted in a private placement to qualified institutional buyers under Rule 144A and is not registered under the Securities Act.

Jul 29, 2025, 12:50 AM

Press Release

CenterPoint subsidiary SIGECO enters private placement of Series 2025B bonds

CNP

Debt Issuance

On July 1, 2025, Southern Indiana Gas and Electric Company (SIGECO), a wholly-owned subsidiary of CenterPoint Energy, entered into a Bond Purchase Agreement to sell $100 million 5.09% First Mortgage Bonds, Series 2025B Tranche A due 2031 and $105 million 5.52% First Mortgage Bonds, Series 2025B Tranche B due 2035 in a private placement.
SIGECO also has the option to issue on October 1, 2025 $45 million 5.77% Series 2025C Tranche A Bonds due 2040 and $100 million 6.18% Series 2025C Tranche B Bonds due 2055 under the same indenture.
The bonds will be issued under SIGECO’s Amended and Restated Indenture of Mortgage and Deed of Trust dated January 1, 2023, as supplemented, with Deutsche Bank Trust Company Americas acting as Trustee.
Net proceeds will be used for general corporate purposes, including repaying short-term debt, refunding long-term debt, and funding capital expenditures, with temporary investment permitted until use.

Jul 1, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for CENTERPOINT ENERGY.