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.
On August 12, 2020, NiSource Inc. (NYSE: NI) announced the pricing of a public offering totaling $1.25 billion in 0.950% Senior Notes due 2025 and $750 million in 1.700% Senior Notes due 2031. The offering is set to close on August 18, 2020. Proceeds will be used primarily for purchasing certain outstanding debt securities and redeeming privately placed notes. Key financial institutions, including Citigroup and Morgan Stanley, are managing the offering. NiSource is one of the largest regulated utility companies, serving around 4 million customers across seven states.
NiSource has launched cash tender offers to buy back specific outstanding debt securities, totaling up to $150 million. The securities include 4.45% Notes due 2021, 2.650% Notes due 2022, and several others due between 2023 and 2045. The Any and All Tender Offer expires on August 18, 2020, while the Maximum Tender Offer lasts until September 9, 2020. Proceeds from a recent public offering will fund these purchases. Holders are advised to review the Offer to Purchase for complete terms and conditions.
On August 11, 2020, NiSource Inc. (NYSE: NI) announced a quarterly common stock dividend of 21 cents per share, payable on November 20, 2020, to shareholders of record by October 30, 2020. Additionally, dividends for preferred stocks were declared: $28.25 per share on Series A and $406.25 per share on Series B, both payable on December 15, 2020. These dividends reflect the company's commitment to returning value to shareholders while maintaining operational stability.
NiSource Inc. (NYSE: NI) reported a net loss of $18.5 million ($0.05 per share) for Q2 2020, contrasting sharply with a net income of $283.1 million ($0.76 per share) in Q2 2019. Year-to-date net income fell to $43.3 million ($0.11 per share) from $488.2 million ($1.31 per share) a year prior, largely due to a $364.6 million loss from the reclassification of Columbia Gas of Massachusetts' assets for sale. Despite COVID-19 impacts, NiSource aims for $1.7-$1.8 billion in 2020 capital investments and initiated 2021 earnings guidance of $1.28-$1.36 per share.
NIPSCO, a NiSource subsidiary, has unveiled plans for two new solar farms in Indiana, contributing to its 'Your Energy, Your Future' initiative aimed at cleaner, affordable energy. The projects, expected to add 300 MW of capacity by mid-2023, are part of NIPSCO's goal to transition to renewable sources by becoming coal-free by 2028. Two 20-year power purchase agreements with NextEra Energy Resources were finalized for these projects, which will also foster job creation and economic growth in Indiana.
NiSource Inc. (NYSE: NI) plans to release its second quarter 2020 earnings on August 5 before market opening. A conference call will take place at 9:00 a.m. ET the same day for discussing financial results and business updates. Interested parties can access the call via the NiSource website, with a replay available from 12:00 p.m. ET on August 5 until August 12. NiSource provides utility services to approximately 3.5 million natural gas customers and 500,000 electric customers across seven states.