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CenterPoint Energy Inc CNP

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Morningstar’s Analysis

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CenterPoint Gets Equity Infusion and Reaffirms Guidance Following Strong First Quarter

Charles Fishman, CFA Equity Analyst

Analyst Note

| Charles Fishman, CFA |

We are reaffirming our $24 per share fair value estimate for narrow-moat CenterPoint Energy after the company reported strong 2020 first-quarter adjusted earnings, reaffirmed 2020 earnings guidance, and reaffirmed its 5%-7% average annual utility EPS growth target through 2024.

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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 eight states serving approximately 4.5 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.

Contact
1111 Louisiana
Houston, TX, 77002
T +1 713 207-1111
Sector Utilities
Industry Utilities - Regulated Gas
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 14,262

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