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.
NiSource Inc. (NYSE: NI) published its inaugural annual Safety Report, reinforcing its commitment to safety for customers, communities, and employees. The 2021 report outlines key initiatives driven by its Safety Management System, including risk management, continuous improvement, and ongoing safety investments. President and CEO Lloyd Yates emphasized the company's proactive approach to safety, integrating advanced technology to enhance workplace security. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states, showcasing its focus on reliable energy delivery.
NiSource Inc. reported a strong financial performance for Q4 2021, with net income of $152.2 million ($0.36 per share), compared to $70.7 million ($0.18 per share) in Q4 2020. For the entire year, the company achieved net income of $529.8 million ($1.27 per share), recovering from a net loss in 2020. Non-GAAP earnings also showed growth, with $166.7 million ($0.39 per share) in Q4 2021, up from $130.1 million in 2020. The company plans $10 billion in capital investments from 2021-2024, aiming for 7-9% annual growth in earnings per share. NiSource emphasizes a commitment to safety and renewable energy projects.
NiSource Inc. (NYSE: NI) will release its year-end and fourth quarter 2021 financial results on February 23, 2022, before market opening. The company will host a conference call at 11 a.m. ET the same day to discuss its financial performance and provide business updates. Interested parties can access the call via NiSource's website. A replay will be available until March 2, 2022. NiSource serves approximately 3.2 million natural gas customers and 500,000 electric customers across six states.
HITE Hedge Asset Management, owning over two million shares of NiSource (NYSE: NI), expresses strong support for CEO Lloyd Yates, calling him an open-minded leader. The firm highlights NiSource's world-class assets and emphasizes the need for better access to capital, especially in private markets, to enhance the company’s operations and environmental impact. They advocate for a privatization transaction to unlock the full potential of NiSource’s assets, which they believe could lead to accelerated pipeline modernization and renewable generation development. The firm sees a significant opportunity in the natural gas sector despite market inefficiencies.
Elliott Investment Management has expressed support for the recent management and board changes at NiSource (NYSE: NI). The firm views the appointment of Lloyd Yates as CEO as a positive step toward enhancing shareholder value and operational efficiency. Elliott highlighted NiSource's strong portfolio of regulated utility franchises and noted the strategic interest in gas and electric utilities, which reflects potential growth opportunities. The firm is eager to collaborate with the new leadership to drive initiatives beneficial to shareholders.
NiSource Inc. (NYSE: NI) announced the appointment of Lloyd Yates as President and CEO, effective February 14, 2022, following Joe Hamrock's retirement. Hamrock will assist in the transition before retiring after a decade of leadership, during which NiSource expanded its rate base to over $14 billion and achieved a total shareholder return exceeding 30% over the past year. Yates, a seasoned executive from Duke Energy, aims to conduct a business review to drive shareholder value and will outline strategic initiatives during an upcoming investor day.
NiSource Inc. (NYSE: NI) appointed Sondra Barbour and Cassandra Lee to its Board of Directors, effective immediately and on February 14, 2022, respectively. Their appointments come as part of a succession plan following Joe Hamrock's retirement as CEO. Barbour brings extensive experience in information technology from Lockheed Martin, while Lee offers financial expertise from her role at AT&T. Both will stand for election at the 2022 Annual Meeting of Stockholders, replacing Carolyn Woo and Hamrock. The board aims for diverse and experienced leadership to guide NiSource's strategic transformation.
The board of directors of NiSource declared a quarterly dividend of 23.5 cents per share, payable on February 18, 2022, to shareholders of record by February 8, 2022. This increase marks an annualized dividend of 94 cents, up nearly 7% from last year's 88 cents. NiSource aims for a payout ratio of 60%-70% while targeting a 7%-9% compound annual growth rate in diluted net operating earnings per share through 2024.
NiSource Inc. (NYSE: NI) published its 2021 Climate Report, highlighting significant goals including a 100% coal-free energy mix by 2026-2028 and a 90% reduction in greenhouse gas emissions by 2030. The company has already achieved a 63% reduction and aims for a 50% reduction in methane emissions by 2025. Additionally, NiSource plans to add 3,300 megawatts of renewable energy by 2023 and reduce water withdrawals by 99% by 2030. The report emphasizes a commitment to customer engagement and a just energy transition, ensuring that economically vulnerable customers benefit from sustainable practices.
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