CenterPoint Energy, Inc. (CNP) Stock

CenterPoint Energy, Inc. (CNP) is a Utilities stock trading at $43.30 (as of 2026-07-09), with a market capitalization of $28.32B and a trailing P/E of 26.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company operates through Electric and Natural Gas segments. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as assets in the wholesale power market. The Natural Gas segment provides natural gas distribution services, as well as home appliance maintenance and repair services to customers in Minnesota; and home repair protection plans to natural gas customers in Arkansas, Indiana, Mississippi, Ohio, Oklahoma, and Texas and Louisiana through a third party. This segment also engages in the sale of regulated intrastate natural gas, and transportation and storage of natural gas for residential, commercial, industrial, and transportation customers. As of December 31, 2021, it served approximately 2.7 million metered customers; owned 239 substation sites with a total installed rated transformer capacity of 71,241 megavolt amperes; operated approximately 1,00,000 linear miles of natural gas distribution and transmission mains; and owned and operated 285 miles of intrastate pipeline in Louisiana, Texas, and Oklahoma. The company was founded in 1866 and is headquartered in Houston, Texas.

Understand CenterPoint Energy, Inc.: how it makes money

CenterPoint Energy provides electricity transmission and distribution (plus generation and wholesale power activities) and natural gas distribution, along with certain home appliance maintenance and repair services and repair protection plans, and it earns money through utility service revenue tied to regulatory revenue requirements and related tracker mechanisms.

A large share of the profit engine is recurring, regulated revenue recovery that management pursues through revenue requirement requests and tracker mechanisms for resiliency and reliability investments (for example, Houston Electric DCRF and TCOS, and Texas Gas and Ohio gas GRIP or rate case outcomes).

Business quality (Solid): Regulated revenue requirements and investment trackers are clearly central to CenterPoint Energy's operating model, but the same structure also means results can depend on the timing and outcome of regulatory requests and rate cases.

Valuation: At 26× earnings, CNP trades 19% above the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Capital-focused revenue recovery: The company highlights incremental revenue tied to resiliency and reliability investments, plus specific electric mechanisms such as DCRF and TCOS revenue requirement increases requested.
  • Multiple rate mechanisms across the footprint: The disclosures include electric and gas revenue requirement items, including Houston Electric (for example, TEEEF and TEEEF-related revenue requirement references) and gas items such as GRIP and Ohio gas LDC rate case revenue requirement (final order).

Bear case

  • Regulatory approval and timing risk: Many disclosed items are described as revenue requirement increases requested, so realized revenue can be affected by regulatory outcomes and how quickly approved changes take effect.
  • Concentration in specific program outcomes: A material operating driver in the provided KPI set is linked to discrete mechanisms (for example, Houston Electric TEEEF and DCRF, and gas GRIP or rate case outcomes), so changes in any one mechanism can influence results.
Valuation — source: SEC EDGAR (first-party)
Price$43.30
Market Cap$28.32B
P/E Ratio26.4
EV / EBITDA13.5
Price / Book2.47
Price / Sales3.01
FCF Yield-9.4%
DCF Value (model)$15.04
DCF Upside vs Price-65.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$9.36B
Net Margin11.2%
Revenue Growth (YoY)1.9%
EPS Growth (YoY)6.7%
FCF Growth (YoY)45.9%
Financial Health — source: SEC EDGAR
Altman Z-Score0.88 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E26.4
Sector P/E (Utilities)21.0
Industry P/E (Utilities)20.8
vs Sector25.7%
vs Industry27.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.16B)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorUtilities
IndustryUtilities
CEOJason Wells
Employees8,872
CountryUS
IPO Date1970-01-02

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

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  • DTE Energy Company (DTE)
  • NRG Energy, Inc. (NRG)
  • Edison International (EIX)
  • Eversource Energy (ES)
  • FirstEnergy Corp. (FE)
  • PPL Corporation (PPL)
  • Fortis Inc. (FTS)
CNP earnings history · CNP institutional & insider holders · CNP KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-09.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.