NiSource Stock Price, News & Analysis

NiSource Inc. (NYSE: NI) reported a net income of $46.5 million, or $0.11 per diluted share, for Q2 2021, marking a significant turnaround from a net loss of $18.5 million, or $0.05 per share, in the same period last year. For the first half of 2021, net income rose to $328.2 million, or $0.80 per diluted share, compared to $43.3 million, or $0.11 per share, in 2020. Additionally, the company announced a capital investment plan of $1.9 to $2.1 billion for 2021, aimed at sustaining a 7-9% annual growth in net operating earnings per share through 2024.

NiSource Inc. (NYSE: NI) will announce its second quarter 2021 earnings before the U.S. markets open on August 4, 2021. The company will host a conference call at 11 a.m. ET on that date to discuss the financial results and provide a business update. Interested parties can access the live webcast on the NiSource website. A replay will be available starting at 2 p.m. ET on August 4, through August 11, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states.

NiSource Inc. (NYSE: NI) has appointed Melanie Berman as Senior Vice President & Chief Human Resources Officer and Carlos Ayala as Vice President & Chief Diversity, Equity & Inclusion Officer. Berman brings over 15 years of HR leadership experience, focusing on talent management and employee experience. Ayala, previously with Honeywell, will enhance the company's DE&I vision. These appointments are seen as significant steps in strengthening NiSource's organizational culture and commitment to diversity and inclusion.

The board of directors of NiSource today declared a quarterly common stock dividend of 22 cents per share, payable on August 20, 2021 to stockholders of record by July 30, 2021. Additionally, a dividend of $406.25 per share on the 6.50% Series B Preferred Stock will be paid on September 15, 2021 to stockholders of record by August 24, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states, emphasizing reliability and sustainability in energy delivery.

Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), has launched a new request for proposals (RFP) to address future electric needs from May 20 to June 30, 2021. This initiative is part of its 2021 Integrated Resource Plan (IRP), facilitating stakeholder engagement. NIPSCO aims to transition to a coal-free operation by 2028, involving investments in renewable energy. The RFP seeks 400 to 650 megawatts of capacity from wind, solar, and other resources, aiming to ensure affordable and sustainable energy for customers.

Columbia Gas of Maryland, a subsidiary of NiSource (NYSE: NI), has requested approval from the Maryland Public Service Commission for revised rates to enhance its natural gas distribution infrastructure. If approved, the adjustments would raise average customer bills by 11.35% for residential users, 8.57% for small commercial users, and 6.23% for industrial customers. The planned investments will total an annual revenue increase of $6.3 million, supporting the modernization of services while ensuring long-term customer safety and compliance with industry standards.

NiSource Inc. reported a significant increase in net income for Q1 2021, reaching $281.7 million or $0.72 diluted EPS, up from $61.8 million or $0.16 EPS YoY. Non-GAAP net operating earnings were $304.8 million or $0.77 EPS. The company reaffirmed its 2021 earnings guidance of $1.32 to $1.36 per share and announced planned capital investments of $1.9 to $2.1 billion. NIPSCO initiated renewable energy projects and aims for a 90% reduction in greenhouse gas emissions by 2030. NiSource maintains its investment-grade credit ratings.

NiSource Inc. (NYSE: NI) appointed Christopher Turnure as the new Director of Investor Relations on April 28, 2021. Turnure, with over 15 years of Wall Street experience, previously led the North American utilities and power equity research team at JPMorgan Chase. His expertise is expected to enhance communications with investors and solidify the company's capital structure. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states, emphasizing its commitment to reliable energy and community support.

NiSource Inc. (NYSE: NI) will host a conference call on May 5, 2021, at 11 a.m. ET to discuss its first quarter 2021 financial results and provide business updates. The earnings report will be released before U.S. markets open that day. Interested participants can join the call via the NiSource website, with a replay available from 4 p.m. ET on the same day until December 5, 2021. Serving approximately 3.2 million natural gas and 500,000 electric customers across six states, NiSource is focused on delivering reliable energy.