NiSource Stock Price, News & Analysis

NiSource (NYSE: NI) reported strong financial results for 2024, with GAAP net income of $739.7 million ($1.62 per diluted share), up from $661.7 million ($1.48 per share) in 2023. The company's non-GAAP adjusted net income reached $798.6 million ($1.75 per share), compared to $716.3 million ($1.60 per share) in 2023.

The company has raised its 2025 non-GAAP adjusted EPS guidance to $1.85-$1.89 and increased its base capital expenditure plan to $19.4 billion, a $100 million increase from the previous $19.3 billion. This investment is expected to drive 8%-10% rate base growth and 6%-8% annual non-GAAP adjusted EPS growth during 2025-2029.

NiSource achieved an 8.5% 3-year compound annualized growth rate and reported high customer satisfaction results, demonstrating strong operational performance.

NiSource (NYSE: NI) has announced it will host a conference call on February 12, 2025, at 11 a.m. ET to discuss its fourth quarter 2024 financial results and provide a business update. The company will release its Q4 2024 financial results before U.S. markets open on the same day.

Interested parties can access the live conference call through NiSource's website. A replay will be available from 2 p.m. ET on February 12 until 11:59 p.m. ET on February 19, 2025, accessible by calling +1 (800) 770-2030 with conference ID 5571489. The call recording will also be archived on the company's website.

NiSource Inc. (NYSE: NI) announced that its board of directors has declared a quarterly dividend of $0.28 per share on its common stock. The dividend will be paid on February 20, 2025, to shareholders who are recorded as stockholders at the close of business on February 3, 2025.

NiSource (NYSE: NI) has been included in the 2024 Dow Jones Sustainability Indices (DJSI) for the 11th consecutive year. The company, which serves approximately 3.3 million natural gas and 500,000 electric customers across six states, scored above the industry mean in all ESG categories.

NiSource particularly excelled in areas including waste and water management, climate strategy, business ethics, and occupational health and safety. The DJSI, launched in 1999, measures company performance using environmental, social, and governance criteria, comparing peer companies on ESG risks, opportunities, and impacts.

The recognition reflects NiSource's commitment to environmental stewardship and its mission to deliver safe, reliable energy while driving value for customers and supporting economic development in served communities.

NiSource (NYSE: NI) reported Q3 2024 GAAP net income of $85.7 million ($0.19 per share), up from $77.0 million ($0.17 per share) in Q3 2023. For the nine months ended September 30, 2024, GAAP net income reached $515.8 million ($1.14 per share), compared to $436.1 million ($0.98 per share) in 2023.

The company reaffirmed its 2024 non-GAAP adjusted EPS guidance of $1.70-1.74 and introduced 2025 guidance of $1.84-1.88. NiSource announced a new $19.3 billion base capital expenditure plan for 2025-2029, approximately $2.9 billion larger than the previous 5-year plan, expecting 6-8% annual EPS growth and 8-10% rate base growth through 2029.

NIPSCO, a subsidiary of NiSource Inc. (NYSE: NI), has completed its third solar project, Cavalry Solar, in White County, Indiana. The facility, developed by NextEra Energy Resources, generates 200 megawatts of solar energy with an additional 45 megawatts of battery storage. This project is part of NIPSCO's electric generation transition plan, which aims to provide more cost-effective, cleaner energy for homes and businesses.

The Cavalry Solar project is expected to power approximately 60,000 homes and generate about $25 million in additional tax revenue for White County over its lifetime. NIPSCO's renewable projects, including solar and wind, have generated nearly $80 million in excess power sales and renewable energy credit sales since 2021, benefiting customers directly.

NIPSCO plans to be coal-free by 2028 and reduce carbon emissions by more than 90% by 2030, compared to 2005 levels. The company is currently in the process of updating its Integrated Resource Plan, which will outline its long-term electricity supply strategy for the next 20 years.

NiSource Inc. (NYSE: NI) has announced a quarterly common stock dividend of $0.265 per share. The dividend is set to be paid on November 20, 2024, to stockholders of record as of the close of business on October 31, 2024. This declaration by the board of directors demonstrates NiSource's commitment to providing regular returns to its shareholders. The consistent dividend payout may be seen as a positive sign of the company's financial stability and confidence in its future performance.

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