NiSource Inc (N:NI)

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
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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

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