Investors

Driving stable, long-term earnings and dividend growth

Fully regulated with decades-long utility infrastructure investment opportunities

NiSource Inc. (NYSE: NI) is one of the nation’s largest fully regulated utility companies, serving approximately 4 million natural gas and electric customers in seven states under the Columbia Gas and NIPSCO brands. 

Our well-established plan offers investors an industry-leading total return proposition by enhancing value for our customers and delivering on our commitments:

  • ~$30B of 100% Regulated Utility Infrastructure Investment Opportunities Over 20+ Years
  • Transparent and Sustainable Earnings Drivers
  • Constructive Regulatory Relationships and Mechanisms
  • Investment-Grade Credit Ratings

Financial Snapshot

$0.88

EPS (2019) GAAP

$1.32*

EPS (2019) Operating
(Non-GAAP)

$0.84**

2020 Annualized
Dividend Guidance (per share)

*Net Operating Earnings per share (Non-GAAP); for 2019 reconciliation to GAAP, see our 2019 Earnings.

**Dividends subject to the approval of the Board of Directors of NiSource Inc.

Capital Investment Drives Growth, Customer Benefits

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Value Proposition and Strategic Approach

Balanced Priorities

  • Enhance Value to Our Customers and Communities
  • Build, Maintain, and Operate a Safe, Reliable, Efficient System
  • Aligned, Engaged Employees, Business Partners, Operations
  • Financial Discipline for Our Stakeholders

Our Leadership

Execution-Focused, Experienced Leadership

NiSource’s leadership team shares a deep commitment to serving our customers and communities, and brings a proven record of execution in the industry, both at NiSource and other regulated utility companies.

Meet Our Leadership Team

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Investing in Our Energy Infrastructure

We're investing between 1.7 - 1.8 billion in 2020 to meet and improve upon our customer commitments for the next 100 years.

Our growth strategy focuses on the modernization and replacement of our utility infrastructure, paired with complementary system expansions and regulatory initiatives.

Investing in Our Communities

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Regulation G Statement

This web page includes financial results and guidance for NiSource Inc. with respect to net operating earnings and operating earnings, which are non-GAAP financial measures as defined by the SEC’s Regulation G. NiSource Inc. includes such measures because management believes they permit investors to view NiSource Inc.'s performance using the same tools that management uses and to better evaluate NiSource Inc.'s ongoing business performance. With respect to such guidance, it should be noted that there will likely be differences between such measures and GAAP equivalents due to various factors, including, but not limited to, fluctuations in weather, asset sales and impairments, and other items included in GAAP results. NiSource Inc. is not able to estimate the impact of such factors on GAAP earnings and, as such, is not providing earnings guidance on a GAAP basis.

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Forward-Looking Statements

This web page contains “forward-looking statements” within the meaning of federal securities laws. Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. These forward-looking statements include, but are not limited to, statements concerning our plans, strategies, objectives, expected performance, expenditures, recovery of expenditures through rates, stated on either a consolidated or segment basis, and any and all underlying assumptions and other statements that are other than statements of historical fact. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed on this web page include among other things, our debt obligations; any changes to our credit rating or the credit rating of certain of our subsidiaries; our ability to execute our growth strategy; changes in general economic, capital and commodity market conditions; pension funding obligations; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; our ability to adapt to, and manage costs related to, advances in technology; any changes in our assumptions regarding the financial implications of the Greater Lawrence Incident; compliance with the agreements entered into with the U.S. Attorney’s Office to settle the U.S. Attorney’s Office’s investigation relating to the Greater Lawrence Incident; the pending sale of the Columbia of Massachusetts business, including the terms and closing conditions under the Asset Purchase Agreement; potential incidents and other operating risks associated with our business; continuing and potential future impacts from the COVID-19 pandemic; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; any damage to our reputation, including in connection with the Greater Lawrence Incident; compliance with applicable laws, regulations and tariffs; compliance with environmental laws and the costs of associated liabilities; fluctuations in demand from residential commercial and industrial customers; economic conditions of certain industries; the success of NIPSCO's electric generation strategy; the price of energy commodities and related transportation costs; the reliability of customers and suppliers to fulfill their payment and contractual obligations; potential impairment of goodwill; changes in taxation and accounting principles; the impact of an aging infrastructure; the impact of climate change; potential cyber-attacks; construction risks and natural gas costs and supply risks; extreme weather conditions; the attraction and retention of a qualified workforce; the ability of our subsidiaries to generate cash; our ability to manage new initiatives and organizational changes; the performance of third-party suppliers and service providers; changes in the method for determining LIBOR and the potential replacement of the LIBOR benchmark interest rate; and other matters in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and subsequent SEC filings. A credit rating is not a recommendation to buy, sell or hold securities, and may be subject to revision or withdrawal at any time by the assigning rating organization. In addition, dividends are subject to board approval. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law.

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