CenterPoint Energy Files 8-K on Material Definitive Agreement

TL;DR

**CNP just signed a big deal, details pending, could be a game-changer.**

AI Summary

CENTERPOINT ENERGY, INC. filed an 8-K on January 10, 2024, to report an "Entry into a Material Definitive Agreement" and "Regulation FD Disclosure." This filing indicates that the company has entered into a significant new contract or arrangement, which could impact its future operations and financial performance. For investors, this matters because material agreements can lead to new revenue streams, cost efficiencies, or strategic partnerships, potentially affecting the stock's valuation.

Why It Matters

This filing signals a new, important business agreement for CenterPoint Energy, which could influence its financial outlook and strategic direction. Investors should monitor for details of this agreement as it could affect future earnings or operational stability.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its financial impact and potential risks or benefits.

Analyst Insight

A smart investor would await further details on the 'Material Definitive Agreement' to assess its potential impact on CenterPoint Energy's financials and strategic direction before making any investment decisions.

Key Numbers

• 2024-01-10 — Date of Report (The date of the earliest event reported in the 8-K filing.)
• 001-31447 — SEC File Number (The SEC file number for CENTERPOINT ENERGY, INC.)
• 713-207-1111 — Registrant's telephone number (The primary contact number for CENTERPOINT ENERGY, INC.)

Key Players & Entities

• CENTERPOINT ENERGY, INC. (company) — the registrant filing the 8-K
• January 10, 2024 (date) — date of the earliest event reported
• 1-31447 (number) — Commission File Number for CENTERPOINT ENERGY, INC.
• CNP (company) — trading symbol for CENTERPOINT ENERGY, INC. Common Stock
• The New York Stock Exchange (company) — exchange where CNP Common Stock is registered

Forward-Looking Statements

• CenterPoint Energy will provide more details about the 'Material Definitive Agreement' in a subsequent filing or press release. (CENTERPOINT ENERGY, INC.) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value CNP The New York Stock Ex
• $500,000,000 — an aggregate gross sales price of up to $500,000,000 (the "Shares"). Sales of the Shares ma

Filing Documents

• d389888d8k.htm (8-K) — 36KB
• d389888dex11.htm (EX-1.1) — 588KB
• d389888dex51.htm (EX-5.1) — 12KB
• g389888g0110155659795.jpg (GRAPHIC) — 3KB
• g389888g0110155659914.jpg (GRAPHIC) — 2KB
• g389888snap1.jpg (GRAPHIC) — 3KB
• g389888snap2.jpg (GRAPHIC) — 2KB
• 0001193125-24-006148.txt ( ) — 917KB
• cnp-20240110.xsd (EX-101.SCH) — 3KB
• cnp-20240110_def.xml (EX-101.DEF) — 12KB
• cnp-20240110_lab.xml (EX-101.LAB) — 22KB
• cnp-20240110_pre.xml (EX-101.PRE) — 13KB
• d389888d8k_htm.xml (XML) — 3KB

01

Item 1.01. Entry into a Material Definitive Agreement. On January 10, 2024, CenterPoint Energy, Inc. (the "Company") entered into an Equity Distribution Agreement (the "Equity Distribution Agreement") with BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and RBC Capital Markets, LLC (each, a "Manager" and collectively, the "Managers"), Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Goldman Sachs & Co. LLC, JPMorgan Chase Bank, National Association, Mizuho Markets Americas LLC, MUFG Securities EMEA plc and Royal Bank of Canada (each, a "Forward Purchaser" and collectively, the "Forward Purchasers") and BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and RBC Capital Markets, LLC (each, a "Forward Seller" and collectively, the "Forward Sellers"), with respect to the offering and sale from time to time of shares of the Company's common stock, par value $0.01 per share, having an aggregate gross sales price of up to $500,000,000 (the "Shares"). Sales of the Shares made under the Equity Distribution Agreement, if any, may be made by any method permitted by applicable law and deemed to be an "at the market offering" as defined in Rule 415 under the Securities Act of 1933, as amended (the "Securities Act"), including by means of ordinary brokers' transactions through the facilities of the New York Stock Exchange or the NYSE Chicago, or through a market maker or directly on or through an electronic communications network, at market prices prevailing at the time of sale or at prices related to prevailing market prices. In addition, the Shares may be offered and sold by such other methods, including privately negotiated transactions (including block transactions), as the Company and the Mana

01

Item 7.01. Regulation FD Disclosure. As previously disclosed, the Company held a conference call to discuss its third quarter 2023 earnings on October 26, 2023. The increase in the size of the at-the-market program from the size discussed on the Company's third quarter 2023 earnings call is not intended to be an update to or revision of the earnings-related guidance provided during such call.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. EXHIBIT NUMBER EXHIBIT DESCRIPTION 1.1 Equity Distribution Agreement, dated January 10, 2024, among CenterPoint Energy, Inc. and BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and RBC Capital Markets, LLC, as managers, Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Goldman Sachs & Co. LLC, JPMorgan Chase Bank, National Association, Mizuho Markets Americas LLC, MUFG Securities EMEA plc and Royal Bank of Canada, as forward purchasers, and BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and RBC Capital Markets, LLC, as forward sellers. 5.1 Opinion of Baker Botts L.L.P. relating to the legality of the Shares. 23.1 Consent of Baker Botts L.L.P. (included in Exhibit 5.1 hereto). 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CENTERPOINT ENERGY, INC. Date: January 10, 2024 By: /s/ Kristie L. Colvin Kristie L. Colvin Senior Vice President and Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR