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CenterPoint Energy

OverviewSuggest Edit

CenterPoint Energy is a company engaged in electric transmission and distribution, natural gas distribution, and natural gas sales and services. The Company provides natural gas marketing and energy-related services, energy efficiency, sustainability and infrastructure modernization solutions, construction and repair services for pipeline systems, primarily natural gas.
TypePublic
Founded1866
HQHouston, USMap
Websitecenterpointenergy.com
Employee Ratings3.5More
View Jobs (15)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)14,262(+79%)
Job Openings15
Revenue (FY, 2019)$12.3 B(+17%)
Share Price (Jul 2020)$19 (-1%)
Cybersecurity ratingCMore

Key People/Management at CenterPoint Energy

John W. Somerhalder, II

John W. Somerhalder, II

Interim President and Chief Executive Officer
Tracy Bridge

Tracy Bridge

Executive Vice President and President, Electric Division
Joseph McGoldrick

Joseph McGoldrick

Executive Vice President and President, Gas Division
Lynnae Wilson

Lynnae Wilson

Indiana Electric Utility Business Lead
Scott Doyle

Scott Doyle

Natural Gas Utility Business Lead
Joe Vortherms

Joe Vortherms

Competitive Energy Businesses Lead
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CenterPoint Energy Office Locations

CenterPoint Energy has offices in Houston and Minneapolis
Houston, US (HQ)
CenterPoint Energy Plaza, 1111 Louisiana St
Minneapolis, US
505 Nicollet Ave
Show all (2)

CenterPoint Energy Financials and Metrics

CenterPoint Energy Revenue

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CenterPoint Energy's revenue was reported to be $12.30 b in FY, 2019
USD

Revenue (Q1, 2020)

2.2b

Gross profit (Q1, 2020)

2.1b

Gross profit margin (Q1, 2020), %

97%

Net income (Q1, 2020)

(1.2b)

EBIT (Q1, 2020)

217.0m

Market capitalization (9-Jul-2020)

9.5b

Closing stock price (9-Jul-2020)

19.0

Cash (31-Mar-2020)

220.0m

EV

37.6b
CenterPoint Energy's current market capitalization is $9.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

7.5b9.6b10.6b12.3b

Revenue growth, %

2%28%10%

Cost of goods sold

3.0b4.9b5.8b4.0b

Gross profit

4.6b4.7b4.8b8.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

2.7b2.1b2.1b3.2b2.2b2.2b3.5b2.8b2.2b

Cost of goods sold

1.6b1.0b938.0m1.9b978.0m998.0m2.0b1.2b64.0m

Gross profit

1.2b1.1b1.2b1.2b1.2b1.2b1.5b1.6b2.1b

Gross profit Margin, %

42%52%55%39%55%55%44%58%97%
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

341.0m260.0m4.2b241.0m

Accounts Receivable

740.0m1.0b1.2b1.2b

Prepaid Expenses

161.0m241.0m192.0m161.0m

Inventories

312.0m397.0m394.0m269.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

254.0m248.0m201.0m219.0m328.0m293.0m255.0m271.0m259.0m220.0m

Accounts Receivable

840.0m762.0m783.0m1.1b958.0m918.0m1.4b1.2b711.0m

Prepaid Expenses

184.0m167.0m175.0m189.0m167.0m157.0m241.0m181.0m120.0m

Inventories

316.0m410.0m442.0m257.0m344.0m405.0m371.0m479.0m273.0m278.0m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

432.0m1.8b368.0m791.0m

Depreciation and Amortization

1.1b1.0b1.2b1.4b

Inventories

34.0m(7.0m)1.0m(52.0m)

Accounts Payable

133.0m136.0m220.0m(455.0m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

192.0m327.0m496.0m165.0m90.0m248.0m169.0m364.0m634.0m(1.2b)

Depreciation and Amortization

226.0m480.0m749.0m314.0m656.0m982.0m313.0m653.0m987.0m282.0m

Inventories

74.0m(20.0m)(52.0m)139.0m52.0m(10.0m)120.0m10.0m(85.0m)110.0m

Accounts Payable

(122.0m)(158.0m)(137.0m)(209.0m)(246.0m)(262.0m)(332.0m)(594.0m)(646.0m)(192.0m)
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USDFY, 2016

Revenue/Employee

974.2k

Debt/Equity

2.7 x

Debt/Assets

0.4 x

Financial Leverage

6.3 x
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CenterPoint Energy Operating Metrics

FY, 2016FY, 2017FY, 2018

States

31 33 30

Customers (Gas)

3.44 m3.47 m3.51 m

Transmission Lines, circuit miles

3.72 k3.71 k3.84 k

Distribution Lines, circuit miles

52.64 k53.55 k54.35 k
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CenterPoint Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
CenterPoint Energy Houston Electric, LLC
CenterPoint Energy Midstream, Inc.
CenterPoint Energy Resources Corp.
CenterPoint Energy Services, Inc.
Utility Holding, LLC

CenterPoint Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

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CenterPoint Energy Revenue Breakdown

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CenterPoint Energy revenue breakdown by business segment: 30.5% from Electric delivery, 39.3% from Retail gas sales, 28.4% from Wholesale gas sales and 1.8% from Other

CenterPoint Energy Online and Social Media Presence

CenterPoint Energy's Trends

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CenterPoint Energy News and Updates

June 17, 2020

CenterPoint Energy, Inc. to Host Webcast of Second Quarter 2020 Earnings Conference Call

Houston, TX, June 17, 2020 (GLOBE NEWSWIRE) --  
April 07, 2020

CenterPoint Energy proposes $8.1 million rate reduction for Arkansas natural gas customers

In addition, customers' monthly bills will soon see the impact of lower natural gas prices, reflected in the utility's semiannual adjustment to its Gas Supply Rate, which took effect April 1.read more
April 02, 2020

CenterPoint Energy cuts dividend nearly in half and lowers capex; CFO leaving company

CenterPoint Energy Inc. announced measures to strengthen its financial position, citing the negative impact of the COVID-19 pandemic on the energy market and economy. The energy delivery and utilities company said its cutting its quarterly dividend to 15 cents a share from 29 cents, which lowers th…
April 02, 2020

CenterPoint Energy announces measures to strengthen financial position in response to Enable distribution reduction

HOUSTON, April 1, 2020 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced a series of measures to strengthen its financial position and provide multi-year flexibility as to equity issuances. In a separate news release issued earlier today, Enable Midstream Partners, LP...
March 02, 2020

CenterPoint Energy sets targets to cut emissions

U.S. power producer CenterPoint Energy Inc said on Monday that it had set a target to cut emissions related to its operations by 70% by 2035 under its new carbon policy.
February 24, 2020

CenterPoint Energy Announces Sale of CenterPoint Energy Services Business to Energy Capital Partners

HOUSTON, Feb. 24, 2020 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) today announced it has entered into an agreement to sell its natural gas retail business, CenterPoint Energy Services, Inc. (CES) to Energy Capital Partners, LLC, (ECP), a private equity and credit investor...
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 CenterPoint Energy Frequently Asked Questions

  • When was CenterPoint Energy founded?

    CenterPoint Energy was founded in 1866.

  • Who are CenterPoint Energy key executives?

    CenterPoint Energy's key executives are John W. Somerhalder, II, Tracy Bridge and Joseph McGoldrick.

  • How many employees does CenterPoint Energy have?

    CenterPoint Energy has 14,262 employees.

  • What is CenterPoint Energy revenue?

    Latest CenterPoint Energy annual revenue is $12.3 b.

  • What is CenterPoint Energy revenue per employee?

    Latest CenterPoint Energy revenue per employee is $862.5 k.

  • Who are CenterPoint Energy competitors?

    Competitors of CenterPoint Energy include Southern Company, CPS Energy and Woodward.

  • Where is CenterPoint Energy headquarters?

    CenterPoint Energy headquarters is located at CenterPoint Energy Plaza, 1111 Louisiana St, Houston.

  • Where are CenterPoint Energy offices?

    CenterPoint Energy has offices in Houston and Minneapolis.

  • How many offices does CenterPoint Energy have?

    CenterPoint Energy has 2 offices.