CenterPoint eyes midstream IPO but won't rule out alternatives


CenterPoint Energy (CNP +2.7%) shares enjoy afternoon strength as CEO David McClanahan says he won't rule out alternatives vs. a midstream MLP IPO.

"We are moving ahead full speed" on the IPO, McClanahan said in today's earnings call, "but that doesn’t rule out any other alternatives. If there is another way to get public and create more shareholder value, we will consider that."

Shares had been little changed after Q3 earnings beat estimates but revenue fell far short of expectations.

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