Just a few weeks after CenterPoint Energy received relief from Oklahoma Corporation Commissions over the February winter storm natural gas costs, the company released its quarterly earnings report pointing to what an executive called a “great year.”
CenterPoint reported income available to common shareholders of $641 million, or $1.01 per diluted share, for the fourth quarter of 2021. For the full year, income available to common shareholders and earnings per diluted share were $1,391 million and $2.28, respectively.
“2021 was a great year for CenterPoint with quarter after quarter of meeting or exceeding expectations,” said Dave Lesar, President and Chief Executive Officer of CenterPoint.
The company is still in the process of exiting its midstream operations, especially following the close of the merger with Enable Midstream in Oklahoma City with Energy Transfer based in Dallas. CenterPoint says it plans to exit its remaining Energy Transfer stake by the end of 2022.
CenterPoint Energy sold its Arkansas and Oklahoma natural gas local distribution company, or LDC, assets to Summit Utilities for $2.1 billion in cash in the spring of 2021. The assets include approximately 17,000 miles of main pipeline in Arkansas, Oklahoma, and Texarkana serving more than half a million customers.
Summit Utilities is one of three firms seeking securitization from the state of Oklahoma on its winter storm costs.
Click here for CenterPoint release on Business Wire