CENTERPOINT ENERGY RESOURCES CORP: M&A transaction — CenterPoint Energy completes $1.2B sale of LA/MS gas utilities to Bernhard Capital

CENTERPOINT ENERGY RESOURCES CORP

Completed sale of LA/MS natural gas distribution businesses for ~$1.2B to Bernhard Capital Partners affiliates.
Sold assets include ~12,000 miles of main pipeline serving ~380,000 metered customers.
New operator is Delta Utilities; received all federal/state regulatory approvals (LPSC, MPSC, HSR).
CEO Jason Wells says proceeds will fund long-term growth plan, support safety/reliability.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CENTERPOINT ENERGY RESOURCES CORP completed a disposition involving affiliates of Bernhard Capital Partners for approximately $1.2 billion (closed 2025-03-31).

Action: disposition
Counterparty: affiliates of Bernhard Capital Partners
Consideration: approximately $1.2 billion
Closing: 2025-03-31

Exact text from the filing

completed the previously announced sale of its Louisiana and Mississippi regulated natural gas local distribution company businesses for approximately $1.2 billion

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Source: SEC EDGAR

accession 0001193125-25-069656

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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.