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NiSource - 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 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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NiSource announces third quarter 2023 results, extension to long-term growth plan

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NiSource Inc. reaffirms its 2023 non-GAAP NOEPS guidance in the upper half of the range and introduces 2024 non-GAAP NOEPS guidance. The company also extends its annual 6-8% growth plan from 2023-2028. The NIPSCO minority interest transaction with Blackstone Infrastructure Partners is on-track for closing by the end of 2023. NiSource incorporates an additional $1 billion in capital expenditures across its 5-year plan horizon.
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NiSource Releases Its 2023 ESG Report

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NiSource Inc. has released its 2023 ESG Report, highlighting efforts at advancing environmental, social, and governance initiatives. The report outlines steps taken to reduce greenhouse gas emissions, support land conservation programs, and foster an inclusive workplace. NiSource is dedicated to ensuring effective and honest governance and preparing for a future with diverse energy options.
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NIPSCO Seeks Natural Gas Rate Adjustment to Support System Modernization and Upgrades Driven by Federal Safety and Compliance Requirements

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Northern Indiana Public Service Company (NIPSCO), a subsidiary of NiSource Inc., has requested an adjustment to its natural gas base rates. The request is driven by federal safety regulations, system upgrades, and infrastructure improvements. The proposed increase would result in an estimated overall increase of approximately $8 per month for residential customers. The request will undergo a regulatory review process.
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Consistent With its Long-Term Financial Plan NiSource Inc. Announces Final Remarketing Period of its Series C Mandatory Convertible Preferred Stock Relating to its 2021 Equity Units Offering

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NiSource announces final remarketing period for its Series C Mandatory Convertible Preferred Stock
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NiSource Inc. announces Federal Energy Regulatory Commission approval of sale of 19.9% equity interest in NIPSCO

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NiSource Receives FERC Approval for Acquisition of 19.9% Equity Interest in NIPSCO Subsidiary by Blackstone Infrastructure Partners
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NiSource to Release Financial Results and Host Conference Call on November 1

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NiSource Inc. to host conference call to review Q3 2023 financial results and provide business update
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FAQ

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

The current stock price of NiSource (NI) is $40.07 as of February 21, 2025.

What is the market cap of NiSource (NI)?

The market cap of NiSource (NI) is approximately 18.7B.

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

NYSE:NI

NI Rankings

#rank Ranked by Market Cap
#rank Ranked by Dividends

NI Stock Data

18.66B
468.66M
0.16%
98.07%
1.96%
Utilities - Regulated Gas
Electric & Other Services Combined
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United States
MERRILLVILLE