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.
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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