Sector: Utilities | Industry: Multiline Utilities |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 801 E 86th Ave MERRILLVILLE IN 46410-6271 |
Tel: | 1-614-4049426 |
Website: | https://www.nisource.com |
IR: | See website |
Key People | ||
Lloyd M. Yates President, Chief Executive Officer, Director | Shawn Anderson Chief Financial Officer, Executive Vice President | Melanie Berman Chief Human Resource Officer, Senior Vice President |
Melody Birmingham Executive Vice President, President - NiSource Utilities | Donald Eugene Brown Executive Vice President, Chief Innovation Officer | William Jefferson Executive Vice President - Operations and Chief Safety Officer |
Michael Luhrs Executive Vice President - Strategy and Risk, Chief Commercial Officer | Kimberly S. Cuccia Senior Vice President, General Counsel, Corporate Secretary |
Business Overview |
NiSource Inc. is an energy holding company. The Company operates through two segments: Gas Distribution Operations and Electric Operations. The Gas Distribution operations segment, through its wholly owned subsidiary NiSource Gas Distribution Group, Inc., provides natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 55,000 miles of distribution main pipeline plus the associated individual customer service lines and 1,000 miles of transmission main pipeline located in its service areas. The Electric Operations segment generates, transmits and distributes electricity through its subsidiary NIPSCO to approximately 0.5 million customers in 20 counties in the northern part of Indiana and is also engaged in wholesale electricity and transmission transactions. It has four owned projects: Rosewater, Indiana Crossroads Wind, Indiana Crossroads Solar, and Dunns Bridge I. |
Financial Overview |
For the fiscal year ended 31 December 2023, NiSource Inc revenues decreased 6% to $5.51B. Net income applicable to common stockholders decreased 12% to $661.1M. Revenues reflect Gas Distribution Operations segment decrease of 7% to $3.73B, Electric Operations segment decrease of 3% to $1.79B. Net income also reflects Gas Distribution Operations segment income decrease of 2% to $901.9M. Dividend per share increased from $0.94 to $1.00. |
Employees: | 7,364 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $24,747M as of Dec 31, 2023 |
Annual revenue (TTM): | $5,505M as of Dec 31, 2023 |
EBITDA (TTM): | $2,207M as of Dec 31, 2023 |
Net annual income (TTM): | $661.10M as of Dec 31, 2023 |
Free cash flow (TTM): | -$1,329M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $11,883M as of Dec 31, 2023 |
Shares outstanding: | 447,524,529 as of Feb 14, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |