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. reports developments for a fully regulated U.S. utility business that serves natural gas customers through Columbia Gas brands and gas and electric customers in Indiana through NIPSCO. Company news commonly covers quarterly and annual results, adjusted earnings guidance, funds-from-operations metrics, common stock dividends, and operating updates tied to regulated energy service.
Recurring updates also address Indiana energy infrastructure, NIPSCO Generation LLC initiatives, data-center-related electric demand, generation planning, customer cost-savings mechanisms, grid reliability, and regulatory requirements affecting power generation assets. NiSource communications frequently connect capital investment, utility regulation, and local economic development across its multi-state gas and electric footprint.
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NiSource celebrates the one-year anniversary of its Columbia Gas and NIPSCO mobile apps, which facilitate bill payments and service management for customers. Since launch, the apps have seen over 6.1 million logins and 206,000 service requests completed. Customer interest in digital solutions led to the implementation of features like chatbot assistance, allowing 577,000 interactions in 2022. With 1.4 million customers opting for paperless billing, NiSource emphasizes its commitment to customer convenience and innovative solutions.
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On November 7, 2022, NiSource (NYSE: NI) reported a net income of $52 million for Q3 2022, up from $49.4 million in Q3 2021, maintaining a diluted EPS of $0.12. For the nine-month period, net income reached $518.2 million, up from $377.6 million. The company narrowed its 2022 non-GAAP diluted net operating earnings per share (NOEPS) guidance to $1.44 to $1.46 and initiated 2023 guidance of $1.50 to $1.57. Regulatory updates include an electric rate case in Indiana seeking $291.8 million and a settlement in Ohio for a $68.2 million rate increase.
NiSource Inc. (NYSE: NI) announced strategic actions following its business review to enhance financial performance and sustainability. Aiming to sell a minority stake in NIPSCO, the move seeks to strengthen the balance sheet and facilitate growth investments. The company forecasts a 6-8% annual growth in net operating earnings from 2021 to 2027, backed by $15 billion in investments. NiSource also set a net zero goal for greenhouse gas emissions by 2040, solidifying its position as an industry leader in sustainability.
NiSource (NYSE: NI) will hold an Investor Day in New York City on November 7, 2022, from noon to 3 p.m. EST. This event will provide a comprehensive update from senior management, addressing the company's plans and insights. Additionally, NiSource will release its third quarter financial results before U.S. markets open on the same day. Following the Investor Day, further investor meetings will occur at the Edison Electric Institute Financial Conference from November 13 to 15.
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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.