Centerpoint Energy INC: insider trades · United States · SEC (Form 4)

About Centerpoint Energy INC

CenterPoint Energy, Inc. (ticker: CNP) is a U.S.-based regulated utility listed on the NYSE and NYSE Texas, with headquarters in Houston, Texas, United States. For French-speaking investors, the company is best understood as an infrastructure-driven energy delivery business rather than a commodity producer. Its earnings profile is shaped by regulated electric transmission and distribution, regulated natural gas distribution, and related network investment, which typically supports a comparatively defensive cash-flow structure and a long-duration capital allocation model. The group’s roots go back to 1866, when Houston Gas Light Company was formed, while its electric predecessor in Houston dates to 1882. Over time, the business evolved through multiple restructurings, and in 2002 the remaining primarily regulated energy delivery company adopted the CenterPoint Energy name. That history matters because it explains the company’s core identity today: a legacy utility focused on network reliability, regulated asset growth, and rate-based returns rather than merchant power exposure or upstream commodity risk. Operationally, CenterPoint reports three segments: Electric, Natural Gas, and Corporate and Other. The most important franchise is Houston Electric, a transmission and distribution utility operating entirely within Texas. It serves nearly all of the Houston/Galveston metropolitan area and benefits from the scale of the Houston region, one of the most economically dynamic utility territories in the United States. The natural gas business also provides regulated delivery services across selected Midwestern and Southern markets, though the portfolio has become more focused following recent asset sales and announced divestitures. In 2025, CenterPoint completed the sale of its Louisiana and Mississippi natural gas LDC businesses and later agreed to sell its Ohio natural gas utility business, reflecting a strategy to simplify the footprint and concentrate capital on higher-growth regulated markets. CenterPoint’s competitive position is anchored by the essential and monopolistic nature of utility networks. In Houston Electric’s service territory, there are no competing electric transmission and distribution utilities, which underscores the structural strength of the franchise. The company also benefits from long-term demand growth in Greater Houston, driven by industrial expansion, logistics, advanced manufacturing, life sciences, transportation, and data center development. At the same time, operational excellence and storm resilience are central investment themes, especially after severe weather events that increased scrutiny on grid hardening and emergency preparedness. Recent news is material for investors. In 2025, CenterPoint announced a record 10-year capital plan of $65 billion, raised full-year 2025 non-GAAP EPS guidance, and continued to advance major resiliency programs for the Houston electric system. The company also emphasized workforce expansion and grid-hardening efforts. Taken together, these developments reinforce CenterPoint’s profile as a regulated utility growth story with visible capital investment, but one that remains highly sensitive to regulation, weather-related execution risk, and the cost of financing.