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.
NiSource Inc. (NYSE: NI) reported a net income of $70.7 million, or $0.18 per share, for Q4 2020, a significant recovery from a net loss of $153.0 million in Q4 2019. However, the company faced a net loss of $72.7 million for the full-year 2020 compared to a profit of $328.0 million in 2019. Non-GAAP earnings were $130.1 million for Q4 2020, down from $169.6 million the previous year. NiSource anticipates capital investments of $1.9 to $2.1 billion in 2021, targeting a growth of 7-9% in earnings per share from 2021-2024. Key initiatives include significant renewable investments and safety enhancements.
NiSource Inc. (NYSE: NI) has promoted Anne-Marie D'Angelo to executive vice president, general counsel, and corporate secretary as of January 30. D'Angelo, who joined NiSource in September 2019, previously served as senior vice president for the same roles. She will lead the company's legal department and contribute to the executive leadership team. Joe Hamrock, NiSource’s President and CEO, praised her integrity and leadership capabilities. NiSource is a major utility provider, serving 3.2 million gas and 500,000 electric customers across six states.
Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource (NYSE: NI), announced the successful launch of its first two wind projects in Indiana, Rosewater Wind (102 MW) and Jordan Creek Wind (400 MW). Both projects are part of NIPSCO's 'Your Energy, Your Future' strategy, aimed at transitioning to cost-effective and cleaner energy. Notably, the Rosewater project utilized a unique tax equity investment model, promoting lower costs for consumers. NIPSCO plans to be coal-free by 2028, saving customers an estimated $4 billion in the long term, with additional renewable projects in the pipeline.
NiSource Inc. (NYSE: NI) declared a quarterly dividend of 22 cents per share, payable on Feb. 19, 2021, to shareholders of record by Feb. 9, 2021. This marks an increase of nearly 5% from last year’s 84 cents per share, resulting in an annualized dividend of 88 cents. The company aims to balance dividend growth with funding investment opportunities while maintaining a 60 to 70 percent payout ratio. Additionally, a dividend of $406.25 per share was declared for Series B Preferred Stock, payable on March 15, 2021.
NiSource Inc. (NYSE: NI) will host a conference call on February 17, 2021, at 11:00 a.m. ET to discuss its year-end and fourth quarter 2020 financial results, as well as provide a business update. The financial results will be released prior to market opening on the same date. Interested parties can access the live call via the company’s website. A replay will be available later that day and accessible until February 24, 2021. NiSource serves approximately 3.2 million natural gas and 500,000 electric customers across six states.
Northern Indiana Public Service Company (NIPSCO) has signed a long-term Power Purchase Agreement (PPA) with Capital Dynamics' Clean Energy Infrastructure to purchase 280MW from the Gibson Solar project in Indiana. This move aligns with NIPSCO's plan to transition to cleaner energy, aiming to be coal-free by 2028, potentially saving customers $4 billion. The solar project is set to begin construction in 2022 and go commercial by 2023. The partnership underscores NIPSCO's commitment to deliver sustainable, reliable energy while supporting local development.
NiSource has joined the Asset to Vendor Network (A2V), enhancing its cybersecurity measures by sharing critical security data with prominent utility companies like American Electric Power. This initiative aims to strengthen third-party risk management, decreasing operational costs while bolstering the security of its supply chain for natural gas and electric utilities. With approximately 3.2 million natural gas customers and over 500,000 electric customers across six states, NiSource's involvement signals a commitment to improving cybersecurity within the utility sector, benefiting both its operations and the broader network.
NiSource reported a net loss of $186.7 million for Q3 2020, compared to a loss of $7.2 million in Q3 2019. For the nine months ending September 30, 2020, the net loss was $143.4 million, down from a profit of $481 million in the same period last year. Non-GAAP net operating earnings for Q3 2020 were $36.3 million. NiSource emphasizes ongoing investments in renewable energy, targeting a 90% reduction in greenhouse gas emissions by 2030. The company reaffirms its 2021 earnings guidance of $1.28 to $1.36 per share and its planned capital investment of $1.7 to $1.8 billion for 2020.
NiSource (NYSE: NI) announced the resignation of Carrie Hightman, chief legal officer and CEO of Columbia Gas of Massachusetts, following the sale of CMA to Eversource. Hightman will leave NiSource entirely in January 2021, with her legal oversight position being eliminated. Anne-Marie D’Angelo, currently senior vice president, will succeed Hightman, becoming an executive vice president on January 30, 2021. This transition reflects a shift in leadership poised to contribute to NiSource's strategic goals.
