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NiSource Inc. - NI STOCK NEWS

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) is a prominent energy company that serves nearly 4 million natural gas and electric customers across seven states in the United States. With local utilities such as Columbia Gas and NIPSCO under its umbrella, NiSource ensures the delivery of safe, reliable, and affordable energy every day. Headquartered in Merrillville, Indiana, just 35 miles from Chicago, the company also maintains a significant corporate presence in Columbus, Ohio.

NiSource's operations span across Indiana, Kentucky, Maryland, Massachusetts, Pennsylvania, Virginia, and Ohio, marking it as one of the largest natural gas distribution companies in the nation. The company caters to approximately 3.2 million natural gas customers and about 500,000 electric utility customers in northern Indiana. It owns over 3,000 megawatts of generation capacity, which includes coal, natural gas, and renewable energy sources.

In its commitment to energy infrastructure, NiSource proactively invests around $1.4 billion annually to enhance and maintain its systems, ensuring that it meets and surpasses customer expectations for the next century. Employing over 7,000 individuals, NiSource actively engages in the communities it serves, contributing to making them excellent places to live.

The company's strategic focus extends beyond immediate operations to sustainability and long-term improvement projects. For instance, NiSource continues to expand its renewable energy initiatives, aiming to deliver cleaner, more sustainable energy solutions to its customers.

Recent achievements include significant advancements in energy infrastructure, customer service enhancements, and new partnerships that drive innovation in the energy sector. NiSource remains committed to balancing growth with environmental stewardship, financial responsibility, and community engagement.

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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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NiSource Inc. (NYSE: NI) will host a conference call on May 8, 2024, to review its first quarter 2024 financial results and provide a business update. The call will be live-streamed on the NiSource website with a replay available. Interested parties can access the webcast and news release on the company's website. Financial results will be released before the U.S. financial markets open on May 8.
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NiSource appoints Robert Heidorn as President of Columbia Gas of Ohio and Vince Parisi as NIPSCO President. Heidorn replaces Parisi at Columbia Gas of Ohio, while Parisi takes on permanent leadership in Indiana. The changes aim to leverage their expertise in regulatory and compliance matters for the benefit of customers and communities.
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NiSource Inc. (NI) announces a quarterly common stock dividend of $0.265 per share, payable on May 20, 2024, to stockholders of record as of April 30, 2024.
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NiSource Inc. announced the retirement of Aristides S. Candris from the Board and the appointment of John McAvoy. McAvoy brings deep utility operational expertise and leadership experience to the company. NiSource expresses gratitude to Candris for his contributions. McAvoy, former President and CEO of Consolidated Edison, Inc., joins the Board with extensive industry experience.
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WEC Energy Group appoints Michael Hooper as president of We Energies and Wisconsin Public Service, bringing in extensive industry experience and leadership skills to drive long-term goals.
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NiSource (NI) announces the departure of NIPSCO president Mike Hooper after 13 years, who will be leading another Midwest utility company. Vince Parisi to take over as interim president, maintaining his role at Columbia Gas of Ohio. NiSource continues its electric generation transition and infrastructure modernization efforts.
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NiSource Inc. (NI) announces an 'at-the-market' equity offering program to sell up to $900 million of common stock through 2025. The company has agreements with various sales agents to facilitate the offering for general corporate purposes.
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NiSource Inc. achieves 2023 non-GAAP NOEPS at the top end of guidance range, raises 2024 non-GAAP NOEPS guidance, and reaffirms 6-8% annual growth. The company reported 2023 net income and non-GAAP net operating earnings, with a successful NIPSCO minority interest transaction. NiSource President and CEO, Lloyd Yates, highlights financial achievements and increased guidance, emphasizing the company's resilience and commitment to stakeholders.
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NiSource Inc. (NYSE: NI) announces the redemption of all outstanding shares of its Series B Preferred Stock and Series B-1 Preferred Stock on March 15, 2024. The redemption price is $25.00001 per Depositary Share, with dividends of $0.40625 per Depositary Share to be paid separately on March 15, 2024. Dividends will cease to accumulate after the Redemption Date.
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FAQ

What is the current stock price of NiSource (NI)?

The current stock price of NiSource (NI) is $36.76 as of December 11, 2024.

What is the market cap of NiSource (NI)?

The market cap of NiSource (NI) is approximately 17.1B.

What services does NiSource Inc. provide?

NiSource Inc. provides natural gas and electric services to nearly 4 million customers across seven states in the U.S.

In which states does NiSource operate?

NiSource operates in Indiana, Kentucky, Maryland, Massachusetts, Pennsylvania, Virginia, and Ohio.

What are the main utilities under NiSource?

The main utilities under NiSource include Columbia Gas and NIPSCO.

Where is NiSource headquartered?

NiSource is headquartered in Merrillville, Indiana, with a significant corporate presence in Columbus, Ohio.

How many employees does NiSource have?

NiSource employs over 7,000 individuals.

What is NiSource's investment strategy?

NiSource invests approximately $1.4 billion annually in energy infrastructure to ensure reliable service and future improvement.

What is the generation capacity of NiSource's electric utility?

NiSource's electric utility owns over 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy sources.

How does NiSource contribute to the community?

NiSource actively engages in the communities it serves, making them great places to live through various community and sustainability initiatives.

What are some recent achievements of NiSource?

Recent achievements include advancements in energy infrastructure, customer service enhancements, and new partnerships in the energy sector.

What is NiSource's approach to sustainability?

NiSource focuses on expanding renewable energy initiatives and delivering more sustainable energy solutions to its customers.

NiSource Inc.

NYSE:NI

NI Rankings

NI Stock Data

17.10B
466.04M
0.14%
96.57%
1.48%
Utilities - Regulated Gas
Electric & Other Services Combined
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United States of America
MERRILLVILLE