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) has successfully closed a bond issuance of $750 million in senior unsecured notes, maturing on March 30, 2028, with a coupon rate of 5.25%. The notes were priced at 99.829% of the principal amount, and interest will be paid semi-annually starting on September 30, 2023. The company plans to use the proceeds for general corporate purposes, including financing capital expenditures, enhancing working capital, and repaying existing debt. This issuance is a strategic move to optimize financial stability and support ongoing investments.
NiSource (NYSE: NI) announced the appointment of Michael Luhrs as executive vice president of strategy and risk, effective March 27, 2023. Luhrs, with nearly 25 years in the energy sector, will oversee key business functions including customer experience and sustainability. NiSource also restructured its executive team, with Shawn Anderson becoming chief financial officer and Donald Brown stepping into the role of chief innovation officer. Melody Birmingham takes on the position of group president, overseeing gas and electric segments. These changes aim to enhance leadership development and align strategies within the company.
The board of directors of NiSource (NYSE: NI) has declared a quarterly common stock dividend of 25 cents per share, payable on May 19, 2023, to stockholders on record as of April 28, 2023. Additionally, a dividend of $28.25 per share on the 5.65% Series A Preferred Stock and $406.25 per share on the 6.50% Series B Preferred Stock will be paid on June 15, 2023, to stockholders of record by May 24, 2023. NiSource serves approximately 3.3 million natural gas customers and 500,000 electric customers across six states, emphasizing reliability and affordability.
NiSource (NYSE: NI) has announced the appointment of Jennifer Montague as president and chief operating officer of Columbia Gas of Virginia, effective May 1, 2023. This follows the retirement of Brent Archer, who served for 37 years in various roles, including the last eight as COO of Columbia Gas. Montague has been with NiSource since 2018, initially as VP of communications for NIPSCO, and holds degrees from Stanford University and the University of Chicago. NiSource, based in Merrillville, Indiana, serves about 3.2 million natural gas customers and 500,000 electric customers across six states.
NiSource (NYSE: NI) reported a strong performance for 2022, with a net income of $749 million, up from $530 million in 2021, translating into diluted earnings per share of $1.70 compared to $1.27 the prior year. Non-GAAP net operating earnings also increased to $648.2 million or $1.47 per share, a rise from $571.2 million or $1.37 per share. The company raised its 2023 guidance for non-GAAP NOEPS to between $1.54 and $1.60, reaffirming a growth target of 6-8% through 2027. Additionally, NiSource launched a sale process for a minority interest in NIPSCO aiming to strengthen its balance sheet.
NiSource Inc. (NYSE: NI) will host a conference call on February 22, 2023, at 11 a.m. ET to discuss its fourth quarter 2022 financial results and provide a business update. Financial results will be released prior to U.S. market open on the same day. Interested parties can access the live call via NiSource's website, and a replay will be available starting at 2 p.m. ET on February 22 until March 1, 2023. NiSource is a major utility company serving approximately 3.2 million natural gas and 500,000 electric customers across six states.
On January 26, 2023, the board of directors of NiSource (NYSE: NI) announced a quarterly common stock dividend of 25 cents per share, payable on February 17, 2023. This marks a significant increase, totaling an annualized dividend of $1 per share, which is over 6% higher than the 2022 dividend of 94 cents. President and CEO Lloyd Yates stated that this increase aligns with the company's premium utility growth plan, targeting a 60-70% payout ratio as part of a projected 9-11% total shareholder return. The board also declared a $406.25 dividend on the corporation's preferred stock, payable March 15, 2023.
NiSource celebrates the one-year anniversary of its Columbia Gas and NIPSCO mobile apps, which facilitate bill payments and service management for customers. Since launch, the apps have seen over 6.1 million logins and 206,000 service requests completed. Customer interest in digital solutions led to the implementation of features like chatbot assistance, allowing 577,000 interactions in 2022. With 1.4 million customers opting for paperless billing, NiSource emphasizes its commitment to customer convenience and innovative solutions.
