NiSource Stock Price, News & Analysis

NiSource Inc. (NYSE: NI) announced that its board of directors has declared a quarterly dividend of $0.28 per share on its common stock. The dividend will be paid on February 20, 2025, to shareholders who are recorded as stockholders at the close of business on February 3, 2025.

NiSource (NYSE: NI) has been included in the 2024 Dow Jones Sustainability Indices (DJSI) for the 11th consecutive year. The company, which serves approximately 3.3 million natural gas and 500,000 electric customers across six states, scored above the industry mean in all ESG categories.

NiSource particularly excelled in areas including waste and water management, climate strategy, business ethics, and occupational health and safety. The DJSI, launched in 1999, measures company performance using environmental, social, and governance criteria, comparing peer companies on ESG risks, opportunities, and impacts.

The recognition reflects NiSource's commitment to environmental stewardship and its mission to deliver safe, reliable energy while driving value for customers and supporting economic development in served communities.

NiSource (NYSE: NI) reported Q3 2024 GAAP net income of $85.7 million ($0.19 per share), up from $77.0 million ($0.17 per share) in Q3 2023. For the nine months ended September 30, 2024, GAAP net income reached $515.8 million ($1.14 per share), compared to $436.1 million ($0.98 per share) in 2023.

The company reaffirmed its 2024 non-GAAP adjusted EPS guidance of $1.70-1.74 and introduced 2025 guidance of $1.84-1.88. NiSource announced a new $19.3 billion base capital expenditure plan for 2025-2029, approximately $2.9 billion larger than the previous 5-year plan, expecting 6-8% annual EPS growth and 8-10% rate base growth through 2029.

NIPSCO, a subsidiary of NiSource Inc. (NYSE: NI), has completed its third solar project, Cavalry Solar, in White County, Indiana. The facility, developed by NextEra Energy Resources, generates 200 megawatts of solar energy with an additional 45 megawatts of battery storage. This project is part of NIPSCO's electric generation transition plan, which aims to provide more cost-effective, cleaner energy for homes and businesses.

The Cavalry Solar project is expected to power approximately 60,000 homes and generate about $25 million in additional tax revenue for White County over its lifetime. NIPSCO's renewable projects, including solar and wind, have generated nearly $80 million in excess power sales and renewable energy credit sales since 2021, benefiting customers directly.

NIPSCO plans to be coal-free by 2028 and reduce carbon emissions by more than 90% by 2030, compared to 2005 levels. The company is currently in the process of updating its Integrated Resource Plan, which will outline its long-term electricity supply strategy for the next 20 years.

NiSource Inc. (NYSE: NI) has announced a quarterly common stock dividend of $0.265 per share. The dividend is set to be paid on November 20, 2024, to stockholders of record as of the close of business on October 31, 2024. This declaration by the board of directors demonstrates NiSource's commitment to providing regular returns to its shareholders. The consistent dividend payout may be seen as a positive sign of the company's financial stability and confidence in its future performance.

NiSource Inc. (NYSE: NI) reported strong Q2 2024 results, with net income of $85.8 million ($0.19 EPS) on a GAAP basis, up from $39.9 million ($0.09 EPS) in Q2 2023. Non-GAAP adjusted net income was $94.7 million ($0.21 EPS), compared to $50.3 million ($0.11 EPS) in Q2 2023. The company reaffirmed its 2024 adjusted EPS guidance of $1.70-1.74 and maintained its 2023-2028 outlook of 6-8% annual adjusted EPS growth and 8-10% annual rate base growth. NiSource's 2024-2028 capital expenditure plan is set at $16.4 billion. The Cavalry Solar & Storage project was placed into service during Q2, demonstrating progress in the company's investment plan.

Northern Indiana Public Service Company (NIPSCO) has received approval from the Indiana Utility Regulatory Commission (IURC) to adjust its gas rates, effective August 2024. The new rates will be phased in over two steps, with the remaining changes applied in 2025. This decision supports safety, compliance, and infrastructure modernization, benefiting customers and communities.

Key points:

• Average residential customer using 72 therms per month will see an overall increase of approximately $5 per month (7.1%)
• NIPSCO's contribution to the Universal Service Program will increase, providing more assistance to low-income customers
• The rate adjustment will support an estimated $1.1 billion in investments through the end of 2024
• Various bill payment assistance programs and energy-efficiency initiatives are available for customers

NiSource Inc. (NYSE: NI) has announced its plans to release second quarter 2024 financial results and host a conference call on August 7, 2024. The company will release its financial results before U.S. financial markets open, followed by a conference call at 11 a.m. ET (10 a.m. CT) to review the results and provide a general business update. Interested parties can listen to the call live on the NiSource website. A replay of the call will be available from 2 p.m. ET on August 7 until 11:59 p.m. ET on August 14, 2024, accessible by calling +1 (800) 770-2030 with conference ID 5571489. The recording will also be archived on the company's website.

NiSource (NYSE: NI) subsidiaries Northern Indiana Public Service Company (NIPSCO), Columbia Gas of Ohio, Columbia Gas of Kentucky, and Columbia Gas of Virginia have been recognized as 2024 Most Trusted Utility Brands by Escalent’s Cogent Syndicated Utility Trusted Brand & Customer Engagement: Residential study.

The ranking listed only 33 utility brands nationwide, with NiSource subsidiaries securing three positions. Columbia Gas of Kentucky and Columbia Gas of Virginia scored 741 in the South Region, Columbia Gas of Ohio achieved the highest score in the Midwest Region for the third year in a row, and NIPSCO ranked in the top three among Midwest combination utilities.

The results are based on a survey of over 61,000 residential customers from 142 utilities, measuring factors such as customer advocacy, safety, reliability, and environmental focus. NiSource attributes this success to its employees’ commitment to customer trust and reliable energy delivery.