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CenterPoint Energy Inc CNP

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Morningstar’s Analysis

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CenterPoint Energy Increases Capital Investment Outlook During Investor Day

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are reaffirming our $26 per share fair value estimate and stable moat trend, narrow moat ratings after CenterPoint Energy's analyst day. Management reaffirmed 2021 utility earnings guidance of $1.25 to $1.27 per share, in line with our estimate. Management also initiated 2022 utility earnings guidance of $1.35 to $1.37 per share, slightly above our estimate.

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Company Profile

Business Description

CenterPoint Energy owns a portfolio of energy-related businesses. Its regulated electric utility provides transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in six states serving approximately 4 million customers. CenterPoint owns approximately 54% of Enable Midstream Partners, a partnership consisting of natural gas processing and storage facilities and more than 21,000 miles of interstate, intrastate, and gathering pipelines in the midcontinent region. Enable has announced plans to merge with Energy Transfer. We expect this will lead to CenterPoint divesting its midstream investment, becoming a fully regulated utility.

1111 Louisiana
Houston, TX, 77002
T +1 713 207-1111
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 15,565