CenterPoint Energy, Inc (Holdin
39.52-0.22 (-0.55%)
Oct 28, 4:00:02 PM EDT · NYSE · CNP · USD
Key Stats
Market Cap
25.80BP/E (TTM)
25.01Basic EPS (TTM)
1.58Dividend Yield
0.02%Recent Filings
8-K
8-K
Leadership shakeup at CenterPoint
CenterPoint Energy's Board appointed CEO Jason P. Wells as Chair effective October 8, 2025, tapping his utility expertise and stakeholder ties to steer the company's 10-year $65 billion capital plan. Independent directors named Christopher H. Franklin as Lead Director, leveraging his CEO background in utilities for strong oversight. This dual structure balances executive drive with independent guidance. Yet governance evolves swiftly here.
8-K
Bylaws amended for governance
CenterPoint Energy amended its bylaws effective September 25, 2025, to align with recent Texas Business Organizations Code updates and refine corporate governance. Key changes include a jury trial waiver for internal claims, an exclusive forum provision favoring the Texas Business Court, a 3% ownership threshold for derivative suits, and raising the director retirement age to 75. These tweaks modernize procedures while tightening shareholder litigation rules. No financial impact disclosed.
8-K
CenterPoint launches debt tender offers
CenterPoint Energy kicked off cash tender offers on September 18, 2025, targeting up to $300 million in its senior notes due 2030, 2031, and 2049, plus $200 million in subsidiary CEHE's mortgage bonds due 2044 and 2049. Aimed at trimming outstanding debt, the offers run through October 17, with early tenders by October 1 fetching an extra $30 per $1,000 principal. Funded by cash and commercial paper, this move strengthens the balance sheet amid volatile markets. Yet credit rating shifts loom as a key risk.
8-K
CenterPoint issues $1B convertible notes
CenterPoint Energy closed its $1 billion sale of 3.00% Convertible Senior Notes due 2028 on July 31, 2025, netting about $986.8 million after fees. The notes, issued privately to qualified buyers, carry semiannual interest starting February 2026 and convert into common stock at an initial rate of 21.4477 shares per $1,000 principal, implying a 25% premium over the July 28 stock price. No redemption before maturity. This bolsters liquidity while diluting equity if conversions spike.
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