NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,600 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 483,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.
MERRILLVILLE, Ind.--(BUSINESS WIRE)--The board of directors of NiSource Inc. (NYSE: NI) today declared a quarterly common stock dividend payment of $0.265 cents per share, payable August 20, 2024, to stockholders of record at the close of business on July 31, 2024. About NiSource NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through it.
NiSource Inc. (NYSE:NI ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Chris Turnure - Director of Investor Relations Lloyd Yates - President and Chief Executive Officer Michael Luhrs - Executive Vice President of Strategy and Risk and Chief Commercial Officer Shawn Anderson - Executive Vice President and Chief Financial Officer Melody Birmingham - Executive Vice President and Group President, NiSource Utilities Conference Call Participants Travis Miller - Morningstar William Appicelli - UBS Securities Operator Thank you for standing by at this time. I'd like to welcome everyone to the Q1 2024 NiSource Earnings Conference Call.
NiSource (NI) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.77 per share a year ago.
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended March 31, 2024, of $344.3 million, or $0.77 of earnings per diluted share, compared to net income available to common shareholders of $319.2 million, or $0.71 of earnings per diluted share, for the same period of 2023. NiSource also reported first quarter 2024 non-GAAP adjusted net income available to common shareholders of $382.8.
NiSource's (NI) first-quarter results are expected to benefit from new natural gas rates, flat operation and maintenance expenses, and Sugar Creek's additional generating capacity.
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Besides Wall Street's top -and-bottom-line estimates for NiSource (NI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
NiSource (NI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.