Last $24.59 USD
Change Today +0.03 / 0.12%
Volume 721.4K
CNP On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 2:22 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

centerpoint energy inc (CNP) Key Developments

CenterPoint Energy, Inc. Announces Management Retirements, Effective August 31, 2014

On August 6, 2014, CenterPoint Energy, Inc. and Mr. Thomas R. Standish agreed that he will step down as Executive Vice President of the company effective August 31, 2014. Mr. Standish intends to remain with the Company until his expected retirement at the end of 2014 to assist with the transition of his responsibilities as part of the company's succession plan. In addition, on August 6, 2014, Mr. Walter L. Fitzgerald, Senior Vice President and Chief Accounting Officer of the company, notified the company that he is retiring effective August 31, 2014.

CenterPoint Energy, Inc. Declares Regular Quarterly Cash Dividend Payable on September 10, 2014

On July 24, 2014, CenterPoint Energy's board of directors declared a regular quarterly cash dividend of $0.2375 per share of common stock payable on September 10, 2014, to shareholders of record as of the close of business on August 15, 2014.

CenterPoint Energy, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Consolidated Earnings Guidance for the Year 2014

CenterPoint Energy, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $107 million, or $0.25 per diluted share compared to a net loss of $100 million, or $0.23 per diluted share the previous year. Second quarter 2013 results included two unusual items related to the May 1, 2013, formation of the midstream partnership: a $225 million, non-cash deferred tax charge and $10 million of partnership formation expenses. Excluding these items, the second quarter 2013 net income would have been $131 million, or $0.30 per diluted share. Operating income was $186 million compared to $223 million a year ago. Income before income taxes was $169 million compared to $144 million a year ago. Total revenues were $1,884 million compared to $1,894 million a year ago. For the six months, net income was $292 million, or $0.68 per diluted share. This compares to net income of $47 million, or $0.11 per diluted share, for the same period of 2013. Excluding the two unusual items noted above, net income would have been $279 million, or $0.65 per diluted share. Operating income was $481 million compared to $555 million a year ago. Income before income taxes was $463 million compared to $377 million a year ago. Total revenues were $5,047 million compared to $4,282 million a year ago. Net cash provided by operating activities was $712 million compared to $790 million a year ago. The company provided consolidated earnings guidance for the year 2014. On a consolidated basis, the company increased its earnings estimate for 2014 on a guidance basis to be in the range of $1.14 to $1.21 per diluted share.

CenterPoint Energy, Inc. Amends and Restates Bylaws

On July 24, 2014, the board of directors of CenterPoint Energy, Inc. approved an amendment and restatement of the amended and restated Bylaws of the company.

CenterPoint Energy, Inc. Declares Quarterly Cash Dividend, Payable on September 10, 2014

CenterPoint Energy, Inc.'s. board of directors declared a regular quarterly cash dividend of $0.2375 per share of common stock payable on September 10, 2014, to shareholders of record as of the close of business on August 15, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CNP:US $24.59 USD +0.03

CNP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Buckeye Partners LP $78.05 USD +0.17
Calpine Corp $23.03 USD +0.375
Enbridge Energy Partners LP $36.34 USD +0.03
Murphy Oil Corp $60.90 USD -0.235
Targa Resources Partners LP $73.78 USD +0.41
View Industry Companies
 

Industry Analysis

CNP

Industry Average

Valuation CNP Industry Range
Price/Earnings 19.1x
Price/Sales 1.2x
Price/Book 2.4x
Price/Cash Flow 7.0x
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CENTERPOINT ENERGY INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.