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. (NI) delivers essential energy services to millions across its operational footprint through regulated natural gas distribution and electric utility operations. This news hub provides investors and stakeholders with authoritative updates on infrastructure investments, regulatory compliance, and operational milestones shaping the company's role in North America's energy landscape.
Access timely press releases covering earnings reports, safety initiatives, and strategic capital projects. Our curated collection includes filings with public utility commissions, environmental stewardship updates, and community partnership announcements – all critical for evaluating NI's position in the regulated utilities sector.
Key updates focus on grid modernization efforts, rate case developments, and renewable energy integration within NiSource's service territories. Bookmark this page for direct access to primary source materials that inform analysis of the company's operational reliability and long-term infrastructure investment strategy.
NiSource Inc. (NYSE: NI) reported strong Q2 2024 results, with net income of $85.8 million ($0.19 EPS) on a GAAP basis, up from $39.9 million ($0.09 EPS) in Q2 2023. Non-GAAP adjusted net income was $94.7 million ($0.21 EPS), compared to $50.3 million ($0.11 EPS) in Q2 2023. The company reaffirmed its 2024 adjusted EPS guidance of $1.70-1.74 and maintained its 2023-2028 outlook of 6-8% annual adjusted EPS growth and 8-10% annual rate base growth. NiSource's 2024-2028 capital expenditure plan is set at $16.4 billion. The Cavalry Solar & Storage project was placed into service during Q2, demonstrating progress in the company's investment plan.
Northern Indiana Public Service Company (NIPSCO) has received approval from the Indiana Utility Regulatory Commission (IURC) to adjust its gas rates, effective August 2024. The new rates will be phased in over two steps, with the remaining changes applied in 2025. This decision supports safety, compliance, and infrastructure modernization, benefiting customers and communities.
Key points:
- Average residential customer using 72 therms per month will see an overall increase of approximately $5 per month (7.1%)
- NIPSCO's contribution to the Universal Service Program will increase, providing more assistance to low-income customers
- The rate adjustment will support an estimated $1.1 billion in investments through the end of 2024
- Various bill payment assistance programs and energy-efficiency initiatives are available for customers
NiSource Inc. (NYSE: NI) has announced its plans to release second quarter 2024 financial results and host a conference call on August 7, 2024. The company will release its financial results before U.S. financial markets open, followed by a conference call at 11 a.m. ET (10 a.m. CT) to review the results and provide a general business update. Interested parties can listen to the call live on the NiSource website. A replay of the call will be available from 2 p.m. ET on August 7 until 11:59 p.m. ET on August 14, 2024, accessible by calling +1 (800) 770-2030 with conference ID 5571489. The recording will also be archived on the company's website.
NiSource (NYSE: NI) subsidiaries Northern Indiana Public Service Company (NIPSCO), Columbia Gas of Ohio, Columbia Gas of Kentucky, and Columbia Gas of Virginia have been recognized as 2024 Most Trusted Utility Brands by Escalent’s Cogent Syndicated Utility Trusted Brand & Customer Engagement: Residential study.
The ranking listed only 33 utility brands nationwide, with NiSource subsidiaries securing three positions. Columbia Gas of Kentucky and Columbia Gas of Virginia scored 741 in the South Region, Columbia Gas of Ohio achieved the highest score in the Midwest Region for the third year in a row, and NIPSCO ranked in the top three among Midwest combination utilities.
The results are based on a survey of over 61,000 residential customers from 142 utilities, measuring factors such as customer advocacy, safety, reliability, and environmental focus. NiSource attributes this success to its employees’ commitment to customer trust and reliable energy delivery.
NiSource (NYSE: NI), a leading utility company, has unveiled its 2024 ESG Report titled 'Creating Shared Value'. The report underscores NiSource's commitment to sustainability and inclusivity through diverse initiatives, including a $4 billion investment towards achieving net-zero greenhouse gas emissions by 2040. It highlights progress in integrating low-carbon fuels and renewable energy, enhancing gas and electric operations, and ensuring accessible and affordable services.
Notable achievements include advancing economic inclusion by raising diverse supplier spend to 19%, aiming for 25% by 2025, and increasing the representation of diverse and female officers. The company has also revamped its Board, adding expertise in cybersecurity, finance, and industry. This comprehensive approach aims to balance community needs and environmental protection.
The full 2024 ESG report is accessible on NiSource's website.
NiSource (NYSE: NI) has achieved two international certifications for its gas operations: ISO 55001 and API RP 1173, awarded by LRQA. These certifications underscore NiSource's dedication to safety and operational excellence. Bill Jefferson, EVP and Chief Operating and Safety Officer, emphasized the importance of safety for customers, communities, and the workforce. The certification process included in-person reviews and rigorous, independent audits by LRQA in early 2024. These standards are integral to NiSource's Safety Management System, which ensures the management of physical assets like pipelines and gas storage facilities.
The board of directors of NiSource has declared a quarterly common stock dividend of $0.265 per share.
The dividend is payable on August 20, 2024, to shareholders recorded by the close of business on July 31, 2024.
This announcement reflects NiSource's commitment to delivering shareholder value through consistent dividend payments.
NiSource Inc. announced their first-quarter 2024 results, reporting a net income of $344.3 million and adjusted EPS of $0.85, compared to $319.2 million and $0.77 in the same period of 2023. NiSource reaffirmed their 2024 adjusted EPS guidance of $1.70-1.74 and a 6-8% annual EPS growth for 2023-2028. The base capital expenditure plan for 2024-2028 is increased to $16.4 billion. The company's President and CEO, Lloyd Yates, highlighted the positive impact of employee efforts and continued investment in service reliability for customers.
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