Market Summary
USD28.39-0.43
Market Closed-1.49%
CNP Alerts
CNP Stock Price
CNP RSI Chart
CNP Valuation
CNP Price/Sales (Trailing)
CNP Profitability
CNP Fundamentals
CNP Revenue
CNP Earnings
Price Action
52 Week Range
24.7133.08
(Low)(High)
Last 7 days
0.6%
Last 30 days
1.9%
Last 90 days
-1%
Trailing 12 Months
-8.8%
CNP Financial Health
CNP Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for CNP
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-11 | Wright Russell Keith | acquired | - | - | 864 | vp, fp&a and interim cao |
2023-07-18 | Ryan Jason Michael | acquired | - | - | 4,671 | evp, reg. svcs. & gov. affairs |
2023-06-30 | LESAR DAVID J | sold (taxes) | -1,452,050 | 29.15 | -49,813 | ceo |
2023-05-08 | Smitherman Barry T | sold | -152,548 | 30.5096 | -5,000 | - |
2023-05-05 | Pound Ted | sold | -84,485 | 30.5 | -2,770 | - |
2023-05-05 | Foster Christopher A | acquired | - | - | 142,693 | evp and cfo |
2023-05-01 | Smith Phillip R | acquired | - | - | 5,541 | - |
2023-05-01 | Cloonan Wendolynn Montoya | acquired | - | - | 5,541 | - |
2023-05-01 | Pound Ted | acquired | - | - | 5,541 | - |
2023-05-01 | Franklin Chris | acquired | - | - | 5,541 | - |
Which funds bought or sold CNP recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-13 | CGC Financial Services, LLC | new | - | 525 | 525 | -% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -45.58 | -23,208 | 27,080 | 0.01% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -102 | 2,537 | -% |
2023-08-28 | Lavaca Capital LLC | unchanged | - | -21,700 | 2,040,500 | 0.60% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -52.18 | -382,120 | 335,880 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | reduced | -13.76 | -12,090 | 70,310 | 0.01% |
2023-08-22 | COMERICA BANK | new | - | 1,000 | 1,000 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | - | 20,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -6.67 | -2,402,640 | 29,009,300 | 0.04% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -1.93 | -50,000 | 1,652,000 | 0.02% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
CNP Alerts
Schedule 13G FIlings of CenterPoint Energy
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital international investors | 12.9% | 81,461,773 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.17% | 76,579,412 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 5.42% | 34,099,231 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.3% | 52,206,040 | SC 13G/A | |
| Feb 11, 2022 | capital international investors | 7.6% | 48,016,611 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.45% | 72,003,301 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2022 | state street corp | 4.81% | 30,247,147 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 9.9% | 62,536,246 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 1.6% | 9,169,585 | SC 13G/A |
Recent SEC filings of CenterPoint Energy
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 01, 2023 | 8-K | Current Report | |
| Aug 15, 2023 | 4 | Insider Trading | |
| Aug 15, 2023 | 3 | Insider Trading | |
| Aug 09, 2023 | 8-K | Current Report | |
| Aug 09, 2023 | 424B2 | Prospectus Filed | |
| Aug 08, 2023 | FWP | Prospectus Filed | |
| Aug 08, 2023 | 424B5 | Prospectus Filed | |
| Aug 04, 2023 | 8-K | Current Report | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 27, 2023 | 10-Q | Quarterly Report |
CNP Fair Value
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Peers (Alternatives to CenterPoint Energy)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
D | 40.2B | 18.3B | -0.31% | -38.65% | 17.22 | 2.19 | 22.87% | 3.51% |
PEG | 30.2B | 11.6B | 0.76% | -7.16% | 10.85 | 2.6 | 23.95% | 380.81% |
WEC | 27.5B | 9.3B | 2.43% | -12.29% | 32.59 | 2.96 | 3.28% | 5.19% |
DTE | 22.0B | 16.2B | 1.79% | -15.69% | 16.95 | 1.36 | -9.37% | 70.34% |
CNP | 18.2B | 9.3B | 1.91% | -8.76% | 23.35 | 1.96 | 5.68% | -51.10% |
NI | 11.4B | 5.9B | 4.75% | -3.51% | 16.24 | 1.95 | 7.85% | -2.88% |
| MID-CAP | ||||||||
NRG | 9.0B | 30.4B | 5.48% | -8.42% | -4.36 | 0.29 | 5.56% | -159.74% |
BKH | 3.6B | 2.6B | -0.51% | -27.36% | 15.04 | 1.41 | 15.42% | -7.80% |
NWE | 3.1B | 1.5B | 0.89% | -3.15% | 17.73 | 2.07 | 8.24% | 0.19% |
AVA | 2.6B | 1.7B | 4.20% | -13.75% | 18.25 | 1.51 | 9.61% | -2.55% |
SJW | 2.0B | 641.5M | -4.91% | -0.74% | 22.62 | 3.11 | 10.61% | 68.66% |
| SMALL-CAP | ||||||||
UTL | 751.6M | 595.3M | -2.99% | -6.32% | 17.36 | 1.26 | 12.45% | 5.87% |
GWRS | 251.6M | 49.1M | -6.91% | -17.18% | 37.46 | 5.12 | 13.05% | 38.74% |
CDZI | 225.8M | 2.1M | -7.12% | 22.83% | -7.25 | 105 | 251.88% | -23.96% |
MSEX | 1.2M | 167.5M | -11.66% | -19.59% | 0.03 | 0.01 | 11.84% | -6.17% |
CenterPoint Energy News
Returns for CNP
Cumulative Returns on CNP
5.6%
10-Year Cumulative Returns
5.9%
7-Year Cumulative Returns
3.4%
5-Year Cumulative Returns
17.5%
3-Year Cumulative Returns
Risks for CNP
What is the probability of a big loss on CNP?
38.5%
Probability that CenterPoint Energy stock will be more than 20% underwater in next one year
19.6%
Probability that CenterPoint Energy stock will be more than 30% underwater in next one year.
19.6%
Probability that CenterPoint Energy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CNP drawdown profile look like?
Y-axis is the maximum loss one would have experienced if CenterPoint Energy was unfortunately bought at previous high price.
Drawdowns
Financials for CenterPoint Energy
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.7% | 9,268 | 9,337 | 9,321 | 8,924 | 8,770 | 8,568 | 8,352 | 8,092 | 7,965 | 7,798 | 7,418 | 7,383 | 7,419 | 7,502 | 7,564 | 7,211 | 6,875 | 6,586 | 6,277 | 7,249 | 8,025 |
| Costs and Expenses | -1.3% | 7,609 | 7,707 | 7,755 | 7,376 | 7,328 | 7,181 | 6,989 | 6,780 | 6,629 | 6,523 | 6,379 | 6,355 | 6,336 | 6,425 | 6,493 | 3,268 | 3,953 | 4,523 | 5,409 | 5,437 | 5,252 |
| EBITDA | -100.0% | - | 2,379 | 2,705 | 2,639 | 1,604 | 2,573 | 2,094 | 806 | 760 | 4,270 | 2,408 | 507 | 569 | 614 | 2,298 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.25* | 0.29* | 0.30* | 0.18* | 0.30* | 0.25* | 0.10* | 0.10* | 0.55* | 0.32* | 0.06* | 0.07* | 0.07* | 0.26* | - | - | - | - | - | - |
| Interest Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 432 | - | - | - | 485 | - | - | - | - | - |
| Earnings Before Taxes | -2.5% | 1,063 | 1,090 | 1,417 | 1,336 | 1,242 | 1,179 | 778 | 876 | 877 | 860 | 563 | -1,127 | -1,014 | -1,012 | 545 | 838 | 750 | 496 | 551 | 486 | 544 |
| EBT Margin | -100.0% | - | 0.12* | 0.15* | 0.15* | 0.03* | 0.15* | 0.09* | -0.06* | -0.06* | 0.31* | 0.08* | -0.15* | -0.13* | -0.13* | 0.06* | - | - | - | - | - | - |
| Net Income | -8.5% | 779 | 851 | 1,057 | 1,577 | 1,593 | 1,654 | 1,486 | 1,032 | 935 | 789 | -773 | -845 | -696 | -606 | 733 | 695 | 578 | 308 | 333 | 1,539 | 1,555 |
| Net Income Margin | -100.0% | - | 0.09* | 0.11* | 0.18* | 0.18* | 0.19* | 0.18* | 0.13* | 0.12* | 0.10* | -0.10* | -0.10* | -0.08* | -0.07* | 0.09* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,943 | 1,810 | 1,864 | 2,076 | 2,283 | 22.00 | 5.00 | -262 | -348 | 1,995 | 1,991 | 2,245 | 2,029 | 1,638 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.9% | 38,097 | 37,752 | 38,546 | 36,719 | 36,216 | 35,202 | 37,679 | 37,160 | 36,466 | 35,906 | 33,471 | 32,705 | 32,148 | 33,395 | 35,529 | 34,642 | 34,189 | 33,902 | 27,093 | 22,228 | 22,108 |
| Current Assets | -10.7% | 2,802 | 3,139 | 4,699 | 4,083 | 4,443 | 4,188 | 7,355 | 7,708 | 5,179 | 3,219 | 2,920 | 2,785 | 2,501 | 4,164 | 3,937 | 3,416 | 3,326 | 3,419 | 7,108 | 2,726 | 2,701 |
| Cash Equivalents | 87.7% | 214 | 114 | 74.00 | 114 | 577 | 147 | 254 | 156 | 157 | 167 | 167 | 208 | 194 | 247 | 271 | 297 | 332 | 355 | 4,278 | 331 | 366 |
| Net PPE | 3.1% | 28,454 | 27,598 | 27,143 | 25,910 | 25,015 | 24,213 | 23,484 | 22,614 | 22,096 | 22,739 | 22,362 | 21,735 | 21,348 | 20,978 | 20,624 | 20,328 | 19,932 | 19,512 | 14,023 | 13,653 | 13,397 |
| Goodwill | -3.1% | 4,160 | 4,294 | 4,294 | 4,294 | 4,294 | 4,294 | 4,294 | 4,294 | 4,294 | 4,697 | 4,697 | 4,697 | 4,697 | 4,697 | 4,882 | 5,179 | 5,179 | 5,129 | 757 | 867 | 867 |
| Current Liabilities | 1.1% | 3,184 | 3,150 | 5,113 | 4,611 | 4,318 | 4,605 | 4,287 | 4,507 | 3,369 | 4,326 | 4,825 | 3,830 | 4,309 | 4,042 | 3,978 | 3,434 | 2,996 | 3,139 | 3,385 | 2,581 | 2,842 |
| Short Term Borrowings | -99.6% | 2.00 | 500 | 511 | 514 | 7.00 | - | 7.00 | 7.00 | 3.00 | - | 24.00 | 37.00 | 19.00 | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | 1.6% | 16,032 | 15,783 | 14,836 | 13,435 | 13,237 | 12,106 | 15,558 | 15,394 | 15,853 | 14,048 | 11,521 | 11,946 | 10,937 | 13,830 | 14,244 | 14,014 | 14,121 | 13,759 | 8,682 | 7,252 | 7,760 |
| Shareholder's Equity | 0.1% | 10,366 | 10,356 | 10,042 | 9,989 | 10,023 | 9,951 | 9,415 | 8,865 | 8,870 | 8,716 | 8,348 | 8,388 | 8,392 | 6,970 | 8,359 | 8,346 | 8,257 | 8,216 | 8,058 | 5,508 | 4,670 |
| Retained Earnings | -0.2% | 1,032 | 1,034 | 709 | 719 | 768 | 685 | 154 | -368 | -343 | -482 | -845 | -796 | -771 | -761 | 632 | 636 | 552 | 518 | 349 | 551 | 513 |
| Additional Paid-In Capital | 0.1% | 8,570 | 8,558 | 8,568 | 8,557 | 8,544 | 8,532 | 8,529 | 8,517 | 7,553 | 6,916 | 6,914 | 6,805 | 6,801 | 6,086 | 6,080 | 6,072 | 6,065 | 6,060 | 6,072 | 4,221 | 4,215 |
| Accumulated Depreciation | 0.7% | 10,320 | 10,253 | 10,585 | 10,568 | 10,421 | 10,282 | 10,189 | 10,078 | 9,908 | 10,252 | 10,152 | 10,088 | 10,001 | 9,852 | 9,700 | 9,738 | 9,620 | 9,499 | 6,223 | 6,208 | 6,188 |
| Shares Outstanding | 0.0% | 631 | 631 | 630 | 630 | 629 | 629 | 629 | 605 | 586 | 552 | 551 | 545 | 528 | 502 | 502 | 502 | 502 | 502 | 501 | 432 | 432 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 12.6% | 3,314 | 2,943 | 1,810 | 1,864 | 2,076 | 2,283 | 22.00 | 39.00 | -262 | -348 | 1,995 | 1,991 | 2,245 | 2,029 | 1,638 | 1,543 | 1,617 | 1,923 | 2,136 | 2,068 | 1,833 |
| Cashflow From Investing | -0.1% | -4,724 | -4,717 | -1,628 | 24.00 | 467 | 687 | -1,851 | -2,686 | -2,498 | -1,215 | -1,265 | -1,329 | -1,415 | -2,536 | -8,421 | -8,308 | -8,089 | -7,415 | -1,207 | -1,034 | -884 |
| Cashflow From Financing | -39.4% | 1,065 | 1,757 | -345 | -1,914 | -2,123 | -2,990 | 1,916 | 2,595 | 2,723 | 1,483 | -834 | -751 | -968 | 399 | 2,776 | 6,731 | 6,438 | 5,590 | 3,053 | -936 | -863 |
| Dividend Payments | 2.9% | 466 | 453 | 440 | 435 | 416 | 404 | 385 | 361 | 348 | 335 | 392 | 453 | 516 | 578 | 577 | 572 | 547 | 523 | 499 | 475 | 471 |
CNP Income Statement
2023-06-30Condensed Statements of Consolidated Income (Unaudited) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Utility revenues | $ 1,789 | $ 1,862 | $ 4,506 | $ 4,571 |
| Non-utility revenues | 86 | 82 | 148 | 136 |
| Total | 1,875 | 1,944 | 4,654 | 4,707 |
| Expenses: | ||||
| Utility natural gas, fuel and purchased power | 280 | 413 | 1,358 | 1,511 |
| Non-utility cost of revenues, including natural gas | 57 | 56 | 97 | 91 |
| Operation and maintenance | 679 | 662 | 1,342 | 1,350 |
| Depreciation and amortization | 349 | 327 | 668 | 645 |
| Taxes other than income taxes | 130 | 135 | 268 | 282 |
| Total | 1,495 | 1,593 | 3,733 | 3,879 |
| Operating Income | 380 | 351 | 921 | 828 |
| Other Income (Expense): | ||||
| Gain (loss) on equity securities | (31) | (61) | 7 | (78) |
| Gain (loss) on indexed debt securities | 34 | 65 | (5) | 171 |
| Gain (loss) on sale | (12) | 0 | (12) | 303 |
| Interest expense and other finance charges | (165) | (106) | (313) | (259) |
| Interest expense on Securitization Bonds | (2) | (4) | (4) | (8) |
| Other income (expense), net | 13 | (1) | 26 | 17 |
| Total | (163) | (107) | (301) | 146 |
| Income Before Income Taxes | 217 | 244 | 620 | 974 |
| Income tax expense | 99 | 54 | 177 | 253 |
| Net Income | 118 | 190 | 443 | 721 |
| Income allocated to preferred shareholders | 12 | 11 | 24 | 24 |
| Income Available to Common Shareholders | $ 106 | $ 179 | $ 419 | $ 697 |
| Basic Earnings (Loss) Per Common Share [Abstract] | ||||
| Basic Earnings Per Common Share (in dollars per share) | $ 0.17 | $ 0.28 | $ 0.66 | $ 1.11 |
| Diluted Earnings (Loss) Per Common Share [Abstract] | ||||
| Diluted Earnings Per Common Share (in dollars per share) | $ 0.17 | $ 0.28 | $ 0.66 | $ 1.10 |
| Weighted Average Common Shares Outstanding, Basic (in shares) | 631,057 | 629,475 | 630,685 | 629,306 |
| Weighted Average Common Shares Outstanding, Diluted (in shares) | 633,005 | 631,663 | 633,030 | 631,494 |
CNP Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 214 | $ 74 |
| Investment in equity securities | 517 | 510 |
| Accounts receivable, less allowance for credit losses | 638 | 889 |
| Accrued unbilled revenues | 289 | 764 |
| Natural gas and coal inventory | 79 | 241 |
| Materials and supplies | 650 | 635 |
| Non-trading derivative assets | 1 | 10 |
| Taxes receivable | 18 | 20 |
| Regulatory assets | 241 | 1,385 |
| Prepaid expenses and other current assets | 155 | 171 |
| Total current assets | 2,802 | 4,699 |
| Property, Plant and Equipment: | ||
| Property, plant and equipment | 38,774 | 37,728 |
| Less: accumulated depreciation and amortization | 10,320 | 10,585 |
| Property, plant and equipment, net | 28,454 | 27,143 |
| Other Assets: | ||
| Goodwill | 4,160 | 4,294 |
| Regulatory assets | 2,495 | 2,193 |
| Non-trading derivative assets | 0 | 2 |
| Other non-current assets | 186 | 215 |
| Total other assets | 6,841 | 6,704 |
| Total Assets | 38,097 | 38,546 |
| Current Liabilities: | ||
| Short-term borrowings | 2 | 511 |
| Current portion of VIE Securitization Bonds long-term debt | 170 | 156 |
| Indexed debt, net | 6 | 7 |
| Current portion of other long-term debt | 756 | 1,346 |
| Indexed debt securities derivative | 583 | 578 |
| Accounts payable | 832 | 1,352 |
| Taxes accrued | 176 | 298 |
| Interest accrued | 203 | 159 |
| Dividends accrued | 0 | 144 |
| Customer deposits | 109 | 110 |
| Other current liabilities | 347 | 452 |
| Total current liabilities | 3,184 | 5,113 |
| Other Liabilities: | ||
| Deferred income taxes, net | 4,036 | 3,986 |
| Benefit obligations | 555 | 547 |
| Regulatory liabilities | 3,091 | 3,245 |
| Other non-current liabilities | 833 | 774 |
| Total other liabilities | 8,515 | 8,552 |
| Long-term Debt: | ||
| VIE Securitization Bonds, net | 408 | 161 |
| Other long-term debt, net | 15,624 | 14,675 |
| Total long-term debt, net | 16,032 | 14,836 |
| Commitments and Contingencies (Note 13) | ||
| Temporary Equity (Note 18) | 0 | 3 |
| Shareholders’ Equity: | ||
| Cumulative preferred stock | 790 | 790 |
| Common stock | 6 | 6 |
| Additional paid-in capital | 8,570 | 8,568 |
| Retained earnings | 1,032 | 709 |
| Accumulated other comprehensive loss | (32) | (31) |
| Total shareholders’ equity | 10,366 | 10,042 |
| Total Liabilities and Shareholders’ Equity | $ 38,097 | $ 38,546 |
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.