Centerpoint Energy Inc

+0.09 (+0.31%)
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Market Cap (Intraday)14.42B
Current PE22.46
Forward PE 17.51
2yr Forward PE 16.31
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Estimates Current Quarter
Revenue$2.96 Billion
Adjusted EPS$0.42
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10-Day MA$28.58
50-Day MA$28.71
200-Day MA$29.15
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United States of America
Phone: 7132073000
Number of Employees: 7727


CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company's Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2016, this segment owned 28,702 pole miles of overhead distribution lines and 3,692 circuit miles of overhead transmission lines; 23,937 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 232 substations with a capacity of 60,854 megavolt amperes. Its Natural Gas Distribution segment sells regulated intrastate natural gas; provides natural gas transportation and storage services for residential, commercial, industrial, and transportation customers; and offers unregulated services comprising residential appliance repair and maintenance services, as well as sells heating, ventilating and air conditioning equipment. As of December 31, 2016, this segment owned approximately 74,000 linear miles of natural gas distribution mains. The company's Energy Services segment provides physical natural gas supplies primarily to commercial and industrial customers, and electric and natural gas utilities; natural gas management services; and physical delivery services, as well as procures and optimizes transportation and storage assets. It owns and operates approximately 200 miles of intrastate pipelines; and leases transportation capacity on various interstate and intrastate pipelines, and storage. Its Midstream Investments segment offers gathering, processing, compression, treating, dehydration, and fractionation of natural gas liquids for producer customers; and interstate and intrastate natural gas pipeline transportation and storage services to natural gas producers, utilities, and industrial customers. The company was founded in 1882 and is based in Houston, Texas.