CNP 📈 CenterPoint Energy - Overview

CenterPoint Energy, Inc. is a public utility holding company with a diverse portfolio of businesses, operating primarily in the United States. The company's operations are segmented into two main categories: Electric and Natural Gas. The Electric segment encompasses a range of services, including electric transmission and distribution to a large customer base, as well as the management of electric generation assets. Additionally, this segment optimizes assets in the wholesale power market, allowing the company to capitalize on opportunities for revenue growth. With a significant presence in the energy sector, CenterPoint Energy, Inc. plays a crucial role in providing essential services to its customers.

The Natural Gas segment is another key component of CenterPoint Energy, Inc.'s business, with operations focused on intrastate natural gas sales, transportation, and distribution. The company serves a wide range of customers, including residential, commercial, industrial, and institutional clients, across several states, including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. Furthermore, CenterPoint Energy, Inc. has established permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies, enhancing its ability to transport and distribute natural gas efficiently. The company also offers maintenance and repair services for home appliances to customers in Minnesota and provides home repair protection plans to natural gas customers in several states, leveraging partnerships with third-party providers to deliver these services.

CenterPoint Energy, Inc.'s operational footprint is substantial, with approximately 2,534,730 metered customers relying on the company for essential energy services. The company's infrastructure is equally impressive, with 348 substations boasting a combined transformer capacity of 79,719 megavolt amperes. Moreover, CenterPoint Energy, Inc. owns and operates 217 miles of intrastate pipeline in Louisiana and Texas, further solidifying its position in the energy sector. Founded in 1866, the company has a long history of providing critical services to its customers and is headquartered in Houston, Texas, with its web presence accessible at https://www.centerpointenergy.com. As a common stock listed on the NYSE under the ticker symbol CNP, with the ISIN US15189T1079, and classified under the GICS Sub Industry of Multi-Utilities, CenterPoint Energy, Inc. is a significant player in the energy industry.