Welcome to our dedicated page for NiSource news (Ticker: NI), a resource for investors and traders seeking the latest updates and insights on NiSource stock.
NiSource Inc. (NYSE: NI) generates a steady flow of news as a fully regulated utility company serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its Columbia Gas and NIPSCO brands. The company’s announcements highlight developments in natural gas distribution, regulated electric utility operations and large-scale capital investment programs.
News about NiSource often focuses on financial results and guidance, including quarterly earnings releases that discuss GAAP and non-GAAP adjusted earnings, capital expenditure plans and multi-year earnings growth expectations. Investors can follow updates on how NiSource links its capital investment program to expected rate base growth and adjusted earnings per share guidance over extended planning horizons.
Another major theme in NiSource news is regulatory and structural developments. The company has reported approvals from the Indiana Utility Regulatory Commission for structures such as NIPSCO Generation LLC (GenCo), which is designed to own, build and manage generation assets to serve the growing data center industry in northern Indiana while protecting existing NIPSCO retail customers from associated costs. NiSource also issues releases on rate cases and approved changes to NIPSCO’s electric rates, including how those changes support investments in reliability, grid modernization and customer programs.
NiSource’s news flow also covers financing and capital markets activity, such as senior notes offerings, junior subordinated notes, and at-the-market equity offering programs described in SEC filings and press releases. These items explain how the company plans to fund capital expenditures, working capital and debt repayment. Additional news includes dividend declarations, conference call announcements, and leadership or investor relations appointments.
By following NiSource news, readers can track how the company manages its regulated utility operations, pursues growth opportunities like data center-related electric service, engages with regulators, and structures its financing. Bookmarking the NiSource (NI) news page on Stock Titan provides a single place to review these updates over time.
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NiSource Inc (NYSE: NI) announced the departure of Executive Vice President Pablo Vegas, who will assume the role of President and CEO of the Electric Reliability Council of Texas (ERCOT) on October 1, 2022. Serving at NiSource for six years, Vegas held multiple key positions, contributing significantly to company leadership. He will remain with the company until September 2, 2022, during which a national search for his replacement will be conducted. The company expressed gratitude for Vegas's service and leadership at NiSource.
On August 9, 2022, NiSource Inc. (NYSE: NI) announced a quarterly dividend of 23.5 cents per share, payable on November 18, 2022, to stockholders of record by October 31, 2022. Additionally, dividends of $28.25 and $406.25 per share were declared for the Series A and Series B Preferred Stocks, respectively, both payable on December 15, 2022. These dividends underscore NiSource's commitment to returning value to shareholders while maintaining its role as a significant utility provider in the U.S.
NiSource Inc. (NYSE: NI) reported a net income of $53.2 million, or $0.12 per share, for Q2 2022, marking a rise from $46.5 million or $0.11 per share in Q2 2021. Year-to-date, net income reached $466.2 million, or $1.06 per share, up from $328.2 million or $0.80 per share. The company reaffirms its 2022 earnings guidance of $1.42 to $1.48 per share and aims for 7-9% long-term growth. Key projects in renewable energy and regulatory settlements in various states are progressing as planned. NiSource is on track to retire coal operations by 2026-2028.
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NiSource Inc. (NYSE: NI) will announce its second quarter 2022 financial results before the U.S. markets open on August 3, 2022. A conference call to review these results and provide a business update is scheduled for 11 a.m. ET on the same day. Interested parties can listen live via the NiSource website. A replay will be available from 2 p.m. ET on August 3 until 11:59 p.m. ET on August 10, 2022. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers in the U.S.
NiSource (NYSE: NI) has launched chatbots and live chat technologies on its Columbia Gas and NIPSCO platforms, enhancing customer service accessibility. This initiative aims to address customer demand for immediate answers to key queries like payment plan enrollment and outage reporting. Customers can engage via live representatives for complex issues. Additionally, NiSource has introduced mobile apps and an improved IVR system for easier account management. This digital transformation reflects NiSource's commitment to improving customer convenience and experience.
NiSource Inc. (NYSE: NI) successfully closed its first Green Bond issuance, raising $350 million to finance eligible renewable energy projects in Indiana. The 30-year senior, unsecured notes have a coupon rate of 5.00% and will commence interest payments on December 15, 2022. Proceeds will support the acquisition of the 302-megawatt Indiana Crossroads Wind project and 102-megawatt Rosewater Wind project. NiSource plans to retire all coal-fired generation by 2026-2028 and expects to invest $10 billion in capital projects by 2024.
NiSource (NYSE: NI) announced new additions to its executive leadership team, effective July 1, 2022. Melody Birmingham will become the EVP and Chief Innovation Officer, bringing 25 years of experience from Duke Energy. William (Bill) Jefferson joins as EVP of Operations and Chief Safety Officer, aiming to enhance operational excellence. Melanie Berman, previously SVP and Chief Human Resources Officer, has been elevated to the executive team. These leadership changes are expected to clarify accountability and drive excellence across the organization.
The board of directors of NiSource has declared a quarterly common stock dividend of 23.5 cents per share, payable on August 19, 2022, to stockholders recorded by July 29, 2022. Additionally, a dividend of $406.25 per share on the 6.50% Series B Preferred Stock will be paid on September 15, 2022, to stockholders recorded by August 24, 2022. NiSource, serving around 3.2 million natural gas customers and 500,000 electric customers across six states, is committed to delivering affordable energy and is a member of the Dow Jones Sustainability - North America Index.