CenterPoint Energy: Proof That Leverage Matters Even For Utilities [Seeking Alpha]
CenterPoint Energy, Inc (Holding Co) (CNP)
Last centerpoint energy, inc (holding co) earnings: 2/27 06:30 am
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US:NYSE Investor Relations:
investors.centerpointenergy.com
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Source: Seeking Alpha
SummaryAfter over a decade of growing their dividend, CenterPoint Energy has been forced to reduce their future dividends by almost half.The first warning sign was that throughout 2017-2019 they did not even come close to covering their dividend payments with free cash flow.The next warning sign that ultimately led to this hasty decision was their high leverage.The road ahead of deleveraging appears long and thus shareholders should not expect their dividends to increase quickly, especially with their upcoming debt maturities and stretched credit facility covenants.When all of these factors are combined, I believe that a neutral rating is appropriate.IntroductionAfter almost fifteen years of providing a stable and growing dividend, CenterPoint Energy (CNPdividend by almost halfDividend CoverageWhen assessing dividend coverage, I prefer to forgo using earnings per share and use free cash flow instead, since dividends are paid from cash and not from “earnings”. The graph included below
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News
- CenterPoint Energy: A Particularly Well-Positioned Utility [Seeking Alpha]Seeking Alpha
- CenterPoint Energy (CNP): Assessing Valuation Following Recent Gains and Investor Sentiment Shift [Yahoo! Finance]Yahoo! Finance
- CenterPoint Energy (NYSE:CNP) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- TRG Datacenters Breaks Ground on 24 MW Houston Data Center [Yahoo! Finance]Yahoo! Finance
- What Recent Analyst Upgrades and Investments Mean for CenterPoint Energy's Growth Story [Yahoo! Finance]Yahoo! Finance
CNP
Earnings
- 10/23/25 - Beat
CNP
Sec Filings
- 11/20/25 - Form 8-K
- 11/7/25 - Form 4
- 11/5/25 - Form 144
- CNP's page on the SEC website