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.
On January 26, 2023, the board of directors of NiSource (NYSE: NI) announced a quarterly common stock dividend of 25 cents per share, payable on February 17, 2023. This marks a significant increase, totaling an annualized dividend of $1 per share, which is over 6% higher than the 2022 dividend of 94 cents. President and CEO Lloyd Yates stated that this increase aligns with the company's premium utility growth plan, targeting a 60-70% payout ratio as part of a projected 9-11% total shareholder return. The board also declared a $406.25 dividend on the corporation's preferred stock, payable March 15, 2023.
NiSource celebrates the one-year anniversary of its Columbia Gas and NIPSCO mobile apps, which facilitate bill payments and service management for customers. Since launch, the apps have seen over 6.1 million logins and 206,000 service requests completed. Customer interest in digital solutions led to the implementation of features like chatbot assistance, allowing 577,000 interactions in 2022. With 1.4 million customers opting for paperless billing, NiSource emphasizes its commitment to customer convenience and innovative solutions.
On November 7, 2022, NiSource (NYSE: NI) reported a net income of $52 million for Q3 2022, up from $49.4 million in Q3 2021, maintaining a diluted EPS of $0.12. For the nine-month period, net income reached $518.2 million, up from $377.6 million. The company narrowed its 2022 non-GAAP diluted net operating earnings per share (NOEPS) guidance to $1.44 to $1.46 and initiated 2023 guidance of $1.50 to $1.57. Regulatory updates include an electric rate case in Indiana seeking $291.8 million and a settlement in Ohio for a $68.2 million rate increase.
NiSource Inc. (NYSE: NI) announced strategic actions following its business review to enhance financial performance and sustainability. Aiming to sell a minority stake in NIPSCO, the move seeks to strengthen the balance sheet and facilitate growth investments. The company forecasts a 6-8% annual growth in net operating earnings from 2021 to 2027, backed by $15 billion in investments. NiSource also set a net zero goal for greenhouse gas emissions by 2040, solidifying its position as an industry leader in sustainability.
NiSource (NYSE: NI) will hold an Investor Day in New York City on November 7, 2022, from noon to 3 p.m. EST. This event will provide a comprehensive update from senior management, addressing the company's plans and insights. Additionally, NiSource will release its third quarter financial results before U.S. markets open on the same day. Following the Investor Day, further investor meetings will occur at the Edison Electric Institute Financial Conference from November 13 to 15.
NiSource Inc (NYSE: NI) announced the departure of Executive Vice President Pablo Vegas, who will assume the role of President and CEO of the Electric Reliability Council of Texas (ERCOT) on October 1, 2022. Serving at NiSource for six years, Vegas held multiple key positions, contributing significantly to company leadership. He will remain with the company until September 2, 2022, during which a national search for his replacement will be conducted. The company expressed gratitude for Vegas's service and leadership at NiSource.
On August 9, 2022, NiSource Inc. (NYSE: NI) announced a quarterly dividend of 23.5 cents per share, payable on November 18, 2022, to stockholders of record by October 31, 2022. Additionally, dividends of $28.25 and $406.25 per share were declared for the Series A and Series B Preferred Stocks, respectively, both payable on December 15, 2022. These dividends underscore NiSource's commitment to returning value to shareholders while maintaining its role as a significant utility provider in the U.S.
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