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) generates a steady flow of news as a fully regulated utility company serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its Columbia Gas and NIPSCO brands. The company’s announcements highlight developments in natural gas distribution, regulated electric utility operations and large-scale capital investment programs.
News about NiSource often focuses on financial results and guidance, including quarterly earnings releases that discuss GAAP and non-GAAP adjusted earnings, capital expenditure plans and multi-year earnings growth expectations. Investors can follow updates on how NiSource links its capital investment program to expected rate base growth and adjusted earnings per share guidance over extended planning horizons.
Another major theme in NiSource news is regulatory and structural developments. The company has reported approvals from the Indiana Utility Regulatory Commission for structures such as NIPSCO Generation LLC (GenCo), which is designed to own, build and manage generation assets to serve the growing data center industry in northern Indiana while protecting existing NIPSCO retail customers from associated costs. NiSource also issues releases on rate cases and approved changes to NIPSCO’s electric rates, including how those changes support investments in reliability, grid modernization and customer programs.
NiSource’s news flow also covers financing and capital markets activity, such as senior notes offerings, junior subordinated notes, and at-the-market equity offering programs described in SEC filings and press releases. These items explain how the company plans to fund capital expenditures, working capital and debt repayment. Additional news includes dividend declarations, conference call announcements, and leadership or investor relations appointments.
By following NiSource news, readers can track how the company manages its regulated utility operations, pursues growth opportunities like data center-related electric service, engages with regulators, and structures its financing. Bookmarking the NiSource (NI) news page on Stock Titan provides a single place to review these updates over time.
NiSource Inc. (NYSE: NI) reported its 2021 integrated annual report, showcasing progress in safety, sustainability, and financial performance. Key highlights include exceeding financial expectations, a commitment to sustainable practices evidenced by its inclusion in the Dow Jones Sustainability Index for the eighth year, and advancements in employee safety and community support.
The report emphasizes NiSource's focus on long-term growth and employee engagement, with a notable $7 million contributed to charitable causes. The company remains positioned for future success, driven by its dedicated workforce.
NiSource Inc. (NYSE: NI) will host a conference call on May 4, 2022, at 11 a.m. ET to discuss its Q1 2022 financial results and provide a general business update. The company's financial results will be released before U.S. markets open on the same day. Interested parties can listen live via the NiSource website and a replay will be available until May 11, 2022. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states.
NiSource Inc (NYSE: NI) has appointed Kim Cuccia as the new General Counsel and Corporate Secretary, effective immediately. This decision follows a nationwide search after the departure of Anne-Marie D'Angelo in late 2021. Cuccia has over 14 years of experience with NiSource, previously serving in various legal and leadership roles. Her expertise includes overseeing the legal functions for Columbia Gas companies and leading regulatory strategies. The company emphasizes its commitment to diversity, equity, and inclusion through Cuccia's recent membership in the Leadership Council on Legal Diversity.
Columbia Gas of Pennsylvania, a subsidiary of NiSource (NYSE: NI), has requested approval from the Pennsylvania Public Utility Commission for revised rates to enhance its natural gas distribution infrastructure. If approved, the rate changes will take effect in December 2022 and result in an average monthly bill increase of 10.09% for residential customers. Columbia has invested over $2.8 billion in Pennsylvania since 2007 and aims to improve energy efficiency for its customers while modernizing services.
Elliott Investment Management announced its support for recent leadership changes at NiSource (NYSE: NI), including the appointment of Bill Johnson to the Board. Johnson, with extensive experience at major utilities, is expected to contribute to transformational strategies. The new CEO's plan for a comprehensive business review aims to enhance shareholder value. Elliott, a significant investor managing approximately $51.5 billion, anticipates positive outcomes from these developments and looks forward to ongoing collaboration with NiSource.
NiSource Inc. (NYSE: NI) has announced the appointment of William D. Johnson to its Board of Directors, effective immediately, following the resignation of Wayne S. DeVeydt after six years of service. DeVeydt is taking on a role with Bain Capital. Johnson, with extensive experience in the regulated utility industry, previously served as CEO of Pacific Gas & Electric and the Tennessee Valley Authority. NiSource has recently focused on Board refreshment, appointing six new Directors in four years, which is expected to enhance strategic execution and shareholder value.
On March 15, 2022, NiSource Inc. (NYSE: NI) announced a quarterly dividend of 23.5 cents per share, payable on May 20, 2022, to stockholders of record by April 29, 2022. Additionally, a dividend of $28.25 per share on the 5.65% Series A Preferred Stock and $406.25 per share on the 6.50% Series B Preferred Stock were declared, payable on June 15, 2022, with a record date of May 24, 2022. This reflects NiSource's ongoing commitment to returning value to shareholders.
NiSource Inc. (NYSE: NI) published its inaugural annual Safety Report, reinforcing its commitment to safety for customers, communities, and employees. The 2021 report outlines key initiatives driven by its Safety Management System, including risk management, continuous improvement, and ongoing safety investments. President and CEO Lloyd Yates emphasized the company's proactive approach to safety, integrating advanced technology to enhance workplace security. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states, showcasing its focus on reliable energy delivery.
NiSource Inc. reported a strong financial performance for Q4 2021, with net income of $152.2 million ($0.36 per share), compared to $70.7 million ($0.18 per share) in Q4 2020. For the entire year, the company achieved net income of $529.8 million ($1.27 per share), recovering from a net loss in 2020. Non-GAAP earnings also showed growth, with $166.7 million ($0.39 per share) in Q4 2021, up from $130.1 million in 2020. The company plans $10 billion in capital investments from 2021-2024, aiming for 7-9% annual growth in earnings per share. NiSource emphasizes a commitment to safety and renewable energy projects.
NiSource Inc. (NYSE: NI) will release its year-end and fourth quarter 2021 financial results on February 23, 2022, before market opening. The company will host a conference call at 11 a.m. ET the same day to discuss its financial performance and provide business updates. Interested parties can access the call via NiSource's website. A replay will be available until March 2, 2022. NiSource serves approximately 3.2 million natural gas customers and 500,000 electric customers across six states.
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