CenterPoint Energy Announces $800 Million Registered Underwritten Offering of Common Stock

Strategic Insights -

CenterPoint Energy, Inc. (NYSE: CNP) has commenced a registered underwritten offering of $800 million of shares of its common stock. The offering is being made pursuant to CenterPoint's effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). The preliminary prospectus supplement and the accompanying base prospectus related to the offering will be available on the SEC's website.

Key Takeaways:

  • CenterPoint Energy plans to offer $800 million of shares of its common stock through a registered underwritten offering.
  • The offering is being made pursuant to CenterPoint's effective shelf registration statement filed with the SEC.
  • The preliminary prospectus supplement and the accompanying base prospectus related to the offering will be available on the SEC's website.
  • The underwriters of the offering include BofA Securities, Mizuho, J.P. Morgan, Barclays, Citigroup, and RBC Capital Markets.
  • CenterPoint expects to use the net proceeds from the offering for general corporate purposes, including repayment of commercial paper or other debt.
  • The company has entered into separate forward sale agreements with Bank of America, Mizuho Markets Americas LLC, and JPMorgan Chase Bank, National Association.
  • Settlement of the forward sale agreements is expected to occur on or prior to February 25, 2027.
  • CenterPoint may elect cash settlement or net share settlement for all or a portion of its rights or obligations under each of the forward sale agreements.

Statistics:

  • $800 million: The total amount of common stock being offered through the registered underwritten offering.
  • $44 billion: The approximate value of CenterPoint's assets as of March 31, 2025.
  • 7 million: The approximate number of metered customers served by CenterPoint Energy.
  • 8,300: The number of employees serving CenterPoint and its predecessor companies.
  • 150 years: The period of time CenterPoint and its predecessor companies have been in business.
  • $120 million: The additional amount of shares that the underwriters expect to purchase upon exercise of their 30-day option to purchase additional shares.
  • 30 days: The length of time the underwriters have to exercise their option to purchase additional shares.

Sources:

  • CenterPoint Energy, Inc. (NYSE: CNP)
  • U.S. Securities and Exchange Commission (SEC)
  • BofA Securities
  • Mizuho Securities USA LLC
  • J.P. Morgan