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NiSource Inc. - NI STOCK NEWS

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) is a prominent energy company that serves nearly 4 million natural gas and electric customers across seven states in the United States. With local utilities such as Columbia Gas and NIPSCO under its umbrella, NiSource ensures the delivery of safe, reliable, and affordable energy every day. Headquartered in Merrillville, Indiana, just 35 miles from Chicago, the company also maintains a significant corporate presence in Columbus, Ohio.

NiSource's operations span across Indiana, Kentucky, Maryland, Massachusetts, Pennsylvania, Virginia, and Ohio, marking it as one of the largest natural gas distribution companies in the nation. The company caters to approximately 3.2 million natural gas customers and about 500,000 electric utility customers in northern Indiana. It owns over 3,000 megawatts of generation capacity, which includes coal, natural gas, and renewable energy sources.

In its commitment to energy infrastructure, NiSource proactively invests around $1.4 billion annually to enhance and maintain its systems, ensuring that it meets and surpasses customer expectations for the next century. Employing over 7,000 individuals, NiSource actively engages in the communities it serves, contributing to making them excellent places to live.

The company's strategic focus extends beyond immediate operations to sustainability and long-term improvement projects. For instance, NiSource continues to expand its renewable energy initiatives, aiming to deliver cleaner, more sustainable energy solutions to its customers.

Recent achievements include significant advancements in energy infrastructure, customer service enhancements, and new partnerships that drive innovation in the energy sector. NiSource remains committed to balancing growth with environmental stewardship, financial responsibility, and community engagement.

News

NiSource to Release Financial Results and Host Conference Call on February 21

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NiSource Inc. (NI) will host a conference call to review its fourth quarter 2023 financial results and provide a general business update on February 21, 2024. The call will be available for replay until February 28, 2024. Interested parties can listen to the conference call live on the NiSource website and access the webcast and news release. NiSource will release its financial results before U.S. financial markets open on February 21.
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NiSource Declares Common and Preferred Stock Dividends

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NiSource Inc. (NI) announced a quarterly common stock dividend of $0.265 per share and a dividend of $406.25 per share on the Corporation's 6.50% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. The common stock dividend is payable on February 20, 2024, and the preferred stock dividend is payable on March 15, 2024.
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NiSource Inc. Completes NIPSCO Minority Equity Interest Transaction

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NiSource Inc. (NYSE: NI) completes the issuance of a 19.9% indirect equity interest in NIPSCO to Blackstone Infrastructure Partners affiliate for $2.16 billion, with an additional equity commitment of $250 million. The investment aims to strengthen NIPSCO's financial foundation, support sustainable long-term growth, and fund ongoing capital requirements for energy transition and reindustrialization of the Midwest.
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NiSource Named to S&P Dow Jones Sustainability Indices for 10th Consecutive Year

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NiSource Inc. (NI) has been named to the Dow Jones Sustainability Indices (DJSI) for 2023, recognizing the company as a global leader for its environmental, social, and corporate governance (ESG) initiatives and ethical standards. It marks the 10th consecutive year that NiSource has been named to the DJSI. The company is on track to retire all coal assets by 2028, replacing them with renewable energy sources. NiSource is also making progress towards its 2040 goal of net zero by reducing Scope 1 and Scope 2 greenhouse gas emissions from its operations, achieving a 67-percent Scope 1 reduction since 2005. The company also has a goal of reaching a 25-percent diverse supplier spend by 2025.
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NiSource Inc. Announces the Settlement Rate for the Purchase Contract Component of its 2021 Equity Units Offering

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NiSource Inc. (NYSE: NI) announced the settlement rate of the purchase contracts for its Series A Corporate Units, with each holder receiving 3.9295 shares of NiSource common stock. The Settlement Rate was based on the 40-day trading period ending on November 29, 2023. As of December 1, 2023, each holder will automatically deliver the related Series C Mandatory Convertible Preferred Stock to NiSource, and the company will retire and cancel the Series C stock. NiSource will also voluntarily delist the Corporate Units from the New York Stock Exchange.
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NiSource Inc. Announces Results of Final Remarketing of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering

Rhea-AI Summary
NiSource Inc. (NYSE: NI) announced the unsuccessful final remarketing of its Series C Mandatory Convertible Preferred Stock. This stock, with a liquidation preference of $1,000 per share, was originally issued on April 19, 2021 as part of NiSource’s equity units. The remarketing was made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission. Goldman Sachs & Co. LLC, J.P. Morgan, and Wells Fargo Securities were involved in the remarketing process. For more information, interested parties can contact the respective firms.
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NiSource Inc. Announces Postponement of the Final Remarketing of its Series C Mandatory Convertible Preferred Stock

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NiSource Inc. (NYSE: NI) has postponed the final remarketing of its Series C Mandatory Convertible Preferred Stock, originally issued on April 19, 2021. The company may recommence the final remarketing between November 15 and November 17, with Goldman Sachs, J.P. Morgan, and Wells Fargo Securities acting as remarketing agents.
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Consistent With its Long-Term Financial Plan NiSource Inc. Announces Commencement of Final Remarketing of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering

Rhea-AI Summary
NiSource Inc. (NYSE: NI) announced the commencement of the final remarketing of 862,500 shares of its Series C Mandatory Convertible Preferred Stock, with a liquidation preference of $1,000 per share. The stock bears no dividends and is convertible only upon certain fundamental change events. The conversion rate will be determined based on the average stock prices over a 40 trading day period preceding March 1, 2024. If the closing price of NiSource common stock on the date of the final remarketing is $24.3490 or less, the minimum conversion rate will be increased. The final remarketing is being made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission.
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NiSource Hosts Annual Supplier Day Event

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NiSource Inc. (NYSE: NI) held its annual Supplier Day event to showcase its commitment to strong working relationships with key suppliers, recognizing several with year-end awards. With more than 50 suppliers in attendance, NiSource discussed growth and development plans, key objectives, policies, and future strategic initiatives. The company presented six Supplier Awards to recognize significant contributions in essential areas. NiSource reaffirmed its commitment to prioritize the social and economic prosperity of their customers, employees, and the communities they serve.
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Vice President Investor Relations and Treasurer Randy Hulen to retire from NiSource after nearly 30 years

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NiSource, a utility company, announces the retirement of Vice President Investor Relations and Treasurer Randy Hulen, effective December 31, 2023. Tchapo Napoe will be the new Vice President of Treasury & Corporate Finance, starting December 1, 2023. Chris Turnure, the current Director of Investor Relations, has been promoted to Senior Director to lead Investor Relations.
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FAQ

What is the current stock price of NiSource (NI)?

The current stock price of NiSource (NI) is $36.17 as of December 20, 2024.

What is the market cap of NiSource (NI)?

The market cap of NiSource (NI) is approximately 16.8B.

What services does NiSource Inc. provide?

NiSource Inc. provides natural gas and electric services to nearly 4 million customers across seven states in the U.S.

In which states does NiSource operate?

NiSource operates in Indiana, Kentucky, Maryland, Massachusetts, Pennsylvania, Virginia, and Ohio.

What are the main utilities under NiSource?

The main utilities under NiSource include Columbia Gas and NIPSCO.

Where is NiSource headquartered?

NiSource is headquartered in Merrillville, Indiana, with a significant corporate presence in Columbus, Ohio.

How many employees does NiSource have?

NiSource employs over 7,000 individuals.

What is NiSource's investment strategy?

NiSource invests approximately $1.4 billion annually in energy infrastructure to ensure reliable service and future improvement.

What is the generation capacity of NiSource's electric utility?

NiSource's electric utility owns over 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy sources.

How does NiSource contribute to the community?

NiSource actively engages in the communities it serves, making them great places to live through various community and sustainability initiatives.

What are some recent achievements of NiSource?

Recent achievements include advancements in energy infrastructure, customer service enhancements, and new partnerships in the energy sector.

What is NiSource's approach to sustainability?

NiSource focuses on expanding renewable energy initiatives and delivering more sustainable energy solutions to its customers.

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NiSource Inc.

NYSE:NI

NI Rankings

#613 Ranked by Market Cap
#1100 Ranked by Dividends

NI Stock Data

16.75B
466.04M
0.14%
96.57%
1.48%
Utilities - Regulated Gas
Electric & Other Services Combined
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United States of America
MERRILLVILLE