StocksMedium•1 October 2026•
1 min read
CenterPoint Energy Completes $2.62B Sale of Ohio Gas Assets
Key Facts
1CenterPoint Energy completed the $2.62 billion sale of its Ohio natural gas local distribution business to National Fuel Gas Company.
2The assets include approximately 5,900 miles of gas transmission and distribution pipeline serving 335,000 customers.
CenterPoint Energy completed the $2.62 billion sale of its Ohio natural gas local distribution business to National Fuel Gas Company. PR Newswire reported that the transaction includes approximately 5,900 miles of gas transmission and distribution pipeline serving 335,000 customers in West Central Ohio.
The divestiture aligns with CenterPoint's strategic plan to optimize its portfolio and focus on core operations while providing liquidity. Regarding market performance, CNP closed at $36.8 on September 30, 2026, while NFG closed at $75.86 on the same date.