CenterPoint Energy Completes $1.1B Enable Midstream Stake Acquisition
Ticker: CNP · Form: 8-K · Filed: 2025-04-01T00:00:00.000Z
Sentiment: neutral
Topics: acquisition, midstream, energy
TL;DR
CNP just bought 50% of Enable Midstream for $1.1B. Big move for their midstream biz.
AI Summary
CenterPoint Energy Inc. announced the completion of its acquisition of a 50% interest in the Enable Midstream Partners, LP (Enable) assets from Energy Transfer LP on March 31, 2025. This transaction involved a cash payment of $1.1 billion. The filing also includes financial statements and exhibits related to this acquisition.
Why It Matters
This acquisition signifies a significant expansion for CenterPoint Energy's midstream operations, potentially impacting its future revenue streams and strategic direction in the energy infrastructure sector.
Risk Assessment
Risk Level: medium — The acquisition involves a substantial financial commitment and integration risks, which could impact CenterPoint Energy's financial performance and operational efficiency.
Key Numbers
- $1.1B — Acquisition Cost (CenterPoint Energy paid this amount for a 50% interest in Enable Midstream assets.)
Key Players & Entities
- CenterPoint Energy Inc. (company) — Acquiring party
- Enable Midstream Partners, LP (company) — Acquired asset
- Energy Transfer LP (company) — Seller of asset
- $1.1 billion (dollar_amount) — Transaction value
- March 31, 2025 (date) — Completion date of acquisition
FAQ
What specific assets did CenterPoint Energy acquire a 50% interest in from Energy Transfer LP?
The filing states CenterPoint Energy acquired a 50% interest in the Enable Midstream Partners, LP (Enable) assets, but does not detail the specific assets within the filing text provided.
What was the exact date the acquisition was completed?
The acquisition was completed on March 31, 2025.
How much cash did CenterPoint Energy pay for this stake?
CenterPoint Energy paid $1.1 billion in cash for the 50% interest.
What is the ticker symbol for CenterPoint Energy Inc.?
The filing does not explicitly state the ticker symbol, but CenterPoint Energy Inc. is listed with Central Index Key 0001130310.
What other items are included with this 8-K filing?
This 8-K filing includes financial statements and exhibits related to the completion of the acquisition.
From the Filing
0001193125-25-069656.txt : 20250401 0001193125-25-069656.hdr.sgml : 20250401 20250401070109 ACCESSION NUMBER: 0001193125-25-069656 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20250331 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250401 DATE AS OF CHANGE: 20250401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTERPOINT ENERGY INC CENTRAL INDEX KEY: 0001130310 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation EIN: 740694415 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31447 FILM NUMBER: 25796540 BUSINESS ADDRESS: STREET 1: 1111 LOUISIANA ST. CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132073000 MAIL ADDRESS: STREET 1: 1111 LOUISIANA ST. CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY REGCO INC DATE OF NAME CHANGE: 20001220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTERPOINT ENERGY RESOURCES CORP CENTRAL INDEX KEY: 0001042773 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] ORGANIZATION NAME: 01 Energy & Transportation EIN: 760511406 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13265 FILM NUMBER: 25796541 BUSINESS ADDRESS: STREET 1: 1111 LOUISIANA ST CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-207-3000 MAIL ADDRESS: STREET 1: 1111 LOUISIANA ST CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY RESOURCES CORP DATE OF NAME CHANGE: 19990317 FORMER COMPANY: FORMER CONFORMED NAME: NORAM ENERGY CORP/ DATE OF NAME CHANGE: 19970808 FORMER COMPANY: FORMER CONFORMED NAME: HI MERGER INC DATE OF NAME CHANGE: 19970721 8-K 1 d946945d8k.htm 8-K 8-K false false 0001130310 0001042773 Common Stock, $0.01 par value CNP true 0001130310 2025-03-31 2025-03-31 0001130310 cnp:CenterPointEnergyResourcesCorpMember 2025-03-31 2025-03-31 0001130310 cnp:NewYorkStockExchangeMember us-gaap:CommonStockMember 2025-03-31 2025-03-31 0001130310 cnp:NewYorkStockExchangeMember cnp:CenterPointEnergyResourcesCorpMember cnp:A6625SeniorNotesDue2037Member 2025-03-31 2025-03-31 0001130310 cnp:ChicagoStockExchangeMember us-gaap:CommonStockMember 2025-03-31 2025-03-31     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 31, 2025 Registrant, State or Other Jurisdiction of Incorporation or Organization   Commission file number   Address of Principal Executive Offices, Zip Code and Telephone Number    I.R.S. Employer Identification No.       1-31447   CenterPoint Energy, Inc.   74-0694415   (a Texas corporation) 1111 Louisiana     Houston   Texas   77002     ( 713 )   207-1111           1-13265   CenterPoint Energy Resources Corp.   76-0511406   (a Delaware corporation) 1111 Louisiana     Houston   Texas   77002     ( 713 )   207-1111         Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C