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 Inc. (NYSE: NI) reported a significant turnaround in its financials for Q3 2021, with a net income of $49.4 million, or $0.12 EPS, compared to a net loss of $186.7 million in Q3 2020. For the nine months ended September 30, 2021, net income reached $377.6 million, or $0.91 EPS. The company forecasted 2022 non-GAAP diluted EPS guidance of $1.42 to $1.48, anticipating continued growth of 7% to 9% through 2024. NiSource is focusing on renewable energy investments, with approximately $10 billion in capital investments planned from 2021 to 2024 to improve safety, reliability, and sustainability.
Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource (NYSE: NI), has initiated construction on its first two solar projects in Indiana: Dunns Bridge Solar I and Indiana Crossroads Solar. Expected to be operational in 2022, Dunns Bridge Solar I will generate 265 MW, powering 79,500 homes, while Indiana Crossroads Solar will produce 200 MW. These initiatives are part of NIPSCO's transition plan towards renewable energy, aiming for a coal-free operation by 2028, projected to save customers $4 billion long-term. The projects are anticipated to boost local tax revenue by $59 million and create 300 jobs.
Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), revealed enhanced plans for its electric generation portfolio as part of its 2021 Integrated Resource Plan (IRP). The plan includes retiring the Michigan City Generating Station between 2026 and 2028 and replacing it with diversified resources like solar and energy storage. NIPSCO aims for a 90% carbon emissions reduction by 2030 and will execute various renewable energy projects, including wind and solar, between now and the end of 2023. Stakeholder input will guide the final plan to be submitted by November 15, 2021.
NiSource Inc. (NYSE: NI) will host a conference call on November 3, 2021, at 11 a.m. ET to discuss its third quarter financial results. The company plans to release these results before the U.S. markets open on the same day. Interested parties can listen to the call live via NiSource's website, and a replay will be available from 2 p.m. ET on November 3 through November 10, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states.
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NiSource has launched the Columbia Gas and NIPSCO mobile apps, enhancing customer service through digital convenience. These apps, available on the Apple App Store and Google Play Store, allow bill payments, service management, outage reporting, and more. Senior Vice President Jennifer Montague emphasized the importance of meeting customer demands for digital options. Future enhancements include a Chatbot and Live Chat support in early 2022. NiSource, serving 3.2 million gas and 500,000 electric customers, aims to improve service delivery and customer interaction.
On August 10, 2021, NiSource Inc. (NYSE: NI) announced a quarterly common stock dividend of 22 cents per share, payable on November 19, 2021, to shareholders of record by October 29, 2021. Additionally, the company declared preferred stock dividends of $28.25 for the 5.650% Series A and $406.25 for the 6.50% Series B, both payable on December 15, 2021, to shareholders of record by November 23, 2021. NiSource serves over 3.2 million natural gas customers and is a member of the Dow Jones Sustainability - North America Index.
NiSource Inc. (NYSE: NI) reported a net income of $46.5 million, or $0.11 per diluted share, for Q2 2021, marking a significant turnaround from a net loss of $18.5 million, or $0.05 per share, in the same period last year. For the first half of 2021, net income rose to $328.2 million, or $0.80 per diluted share, compared to $43.3 million, or $0.11 per share, in 2020. Additionally, the company announced a capital investment plan of $1.9 to $2.1 billion for 2021, aimed at sustaining a 7-9% annual growth in net operating earnings per share through 2024.
NiSource Inc. (NYSE: NI) will announce its second quarter 2021 earnings before the U.S. markets open on August 4, 2021. The company will host a conference call at 11 a.m. ET on that date to discuss the financial results and provide a business update. Interested parties can access the live webcast on the NiSource website. A replay will be available starting at 2 p.m. ET on August 4, through August 11, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states.
NiSource Inc. (NYSE: NI) has appointed Melanie Berman as Senior Vice President & Chief Human Resources Officer and Carlos Ayala as Vice President & Chief Diversity, Equity & Inclusion Officer. Berman brings over 15 years of HR leadership experience, focusing on talent management and employee experience. Ayala, previously with Honeywell, will enhance the company's DE&I vision. These appointments are seen as significant steps in strengthening NiSource's organizational culture and commitment to diversity and inclusion.