Highest-materiality recent filing
NiSource issues $750M 6.250% junior subordinated notes due 2057
Closed $750M offering of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 on Aug 18, 2026.
NiSource Q2 GAAP EPS $0.09 vs $0.22 YoY; reaffirms 2026 adjusted EPS guidance $2.02-$2.07
GAAP net income $45.5M ($0.09 EPS) vs $102.2M ($0.22 EPS) in Q2 2025.
NiSource issues $1.25B in debt: $500M 4.750% notes due 2031 and $750M 5.300% notes due 2036
$500M 4.750% Notes due 2031 and $750M 5.300% Notes due 2036 sold under Terms Agreement dated May 11, 2026.
All 12 director nominees elected; votes for ranged from approximately 405M to 415M per nominee.
NiSource Q1 GAAP EPS $1.06 vs $1.00 YoY; adjusted EPS $1.06 vs $0.98; raises long-term CAGR guidance
Net income available to common shareholders $510.7M ($1.06 GAAP EPS), up from $474.8M ($1.00) YoY.
NiSource FY2025 adjusted EPS $1.90, beats guidance; reaffirms 8-9% CAGR through 2033
GAAP net income $929.5M ($1.95 diluted EPS) vs $739.7M ($1.62) in 2024.
NiSource upsizes revolver by $650M to $2.5B, extends maturity to Dec 2030
Facility increased by $650M to $2.5B total revolving credit.
NiSource issues $1B in 5.750% junior subordinated notes due 2056
Aggregate principal $1B; notes bear 5.750% fixed through July 15, 2031, then reset at 5-yr Treasury + 2.035% with 5.750% floor.
NiSource launches $1.5B at-the-market equity program through 2028, replaces prior $900M program
Up to $1.5B aggregate gross sales price of common stock, expiring Dec 31, 2028.
GAAP net income $94.7M ($0.20 EPS) vs $85.7M ($0.19) in Q3 2024; adj. EPS $0.19 vs $0.20.
NiSource subsidiary NIPSCO signs data center power agreement; capacity starts 2027
NIPSCO agreed to provide electric service to a large, investment-grade customer's data centers under a capacity commitment beginning 2027 and increasing through 2032.
NiSource Q2 GAAP EPS $0.22; narrows 2025 adjusted EPS guidance to upper half of $1.85-$1.89
GAAP net income Q2 2025 $102.2M ($0.22 diluted EPS) vs $85.8M ($0.19) in Q2 2024.
NiSource issues $1.65B in notes: $900M 5.350% due 2035 and $750M 5.850% due 2055
Issued $900M of 5.350% Notes due 2035 and $750M additional 5.850% Notes due 2055 (reopening).
All 12 director nominees elected with >389M votes for each; Kevin T. Kabat received lowest support (95.7% for).
NiSource Q1 GAAP EPS $1.00 vs $0.77 YoY; reaffirms 2025 guidance
GAAP net income $474.8M ($1.00 EPS) vs $344.3M ($0.77) in Q1 2024.
NiSource issues $750M of 5.850% senior notes due 2055
Aggregate principal $750M at 5.850% due 2055; offering closed March 27, 2025.
NiSource reports 2024 GAAP EPS $1.62, adjusted EPS $1.75; raises 2025 EPS guidance to $1.85-1.89
GAAP net income $739.7M ($1.62 diluted EPS) vs $661.7M ($1.48 EPS) in 2023.
NiSource awards $2M RSU grant to EVP Strategy Risk & CCO Michael Luhrs, vesting over 3 years
Michael Luhrs, EVP Strategy Risk and CCO, receives 52,938 restricted stock units valued at $2M on grant date.
NiSource Q3 adjusted EPS $0.20, reaffirms FY24, extends 6-8% growth to 2029
GAAP Q3 net income $85.7M ($0.19 EPS) vs $77.0M ($0.17) YoY; nine-month GAAP EPS $1.14 vs $0.98.
NiSource eliminates two preferred stock series and adopts amended bylaws
Filed Certificates of Elimination for Series C Mandatory Convertible Preferred Stock (all shares previously retired) and Series A Junior Participating Preferred Stock (never issued).
NiSource issues $500M of 6.375% junior subordinated notes due 2055
Aggregate principal $500M; notes priced at 6.375% until March 2035, then reset at 5-year Treasury plus 2.527%.
NiSource Q2 GAAP EPS $0.19, adjusted EPS $0.21; reaffirms 2024 guidance
GAAP net income $85.8M ($0.19/diluted share) vs $39.9M ($0.09) in Q2 2023.
NiSource issues $600M 5.200% senior notes due 2029
Issued $600M aggregate principal of 5.200% Notes due 2029; closed June 24, 2024.
NiSource issues $500M of junior subordinated notes at 6.950% due 2054
$500M aggregate principal amount of 6.950% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.
All 13 director nominees elected; Kevin T. Kabat received highest against vote (17.8M).
NiSource Q1 GAAP EPS $0.77, adjusted EPS $0.85; reaffirms FY2024 guidance
GAAP net income $344.3M ($0.77 EPS) vs $319.2M ($0.71) in Q1 2023.
NiSource board member Candris retires; ex-Con Edison CEO McAvoy appointed
Aristides S. Candris retired from the board effective March 19, 2024, after 12 years of service.
NiSource eliminates Series B Preferred and Series B-1 Preferred after March 15 redemption
Certificate of Elimination filed March 18, 2024 for Series B Preferred and Series B-1 Preferred.
NiSource EVP & Chief Innovation Officer Donald Brown to depart April 1; $688K separation payout
Donald Brown to leave as Executive VP and Chief Innovation Officer; last day April 1, 2024.
NiSource issues $650M of 5.35% Notes due 2034
$650M aggregate principal amount of 5.350% Notes due 2034 issued March 14, 2024.
NiSource launches $900M at-the-market equity issuance program through Dec 2025
Aggregate gross sales price of up to $900 million of common stock through December 31, 2025.
NiSource 2023 GAAP EPS $1.48; raises 2024 NOEPS guidance to $1.70-1.74
2023 GAAP net income $661.7M ($1.48 diluted EPS) vs $749.0M ($1.70) in 2022.
NiSource EVP and Chief Innovation Officer Donald Brown to depart by May 1, 2024
Donald Brown, EVP and Chief Innovation Officer, informed NiSource on Feb. 19, 2024, of his departure effective on or before May 1, 2024.
NiSource to redeem all 20M depositary shares of 6.50% Series B preferred on March 15, 2024
All 20,000,000 depositary shares (NI PR B) redeemed at $25.00001 per share on March 15, 2024.
NiSource boosts CEO Lloyd Yates total target comp to $10.645M; grants CFO $2M RSU award
CEO Lloyd Yates total target direct compensation increased to $10.645M: salary $1.15M, STI 130% target, LTI target $8M.
NiSource completes $2.16B minority equity sale of NIPSCO stake to Blackstone
Blackstone affiliate acquired 19.9% non-controlling indirect equity interest in NIPSCO for $2.16 billion cash.
Fourth Supplemental Indenture amends covenant requiring NiSource to own directly or indirectly 100% of NIPSCO to at least 70%.
NiSource borrows $400M under term loan commitments from Mizuho and BMO
Borrowed $400M on Dec 6, 2023, under Credit Agreement dated Nov 9, 2023.
Each Series A Corporate Unit converts into 3.9295 shares of NiSource common stock, with cash for fractional shares.
Final remarketing of Series C Mandatory Convertible Preferred Stock (liquidation preference $1,000/share) was unsuccessful.
Unsuccessful final remarketing of Series C Mandatory Convertible Preferred Stock (liquidation preference $1,000 per share) originally issued April 2021.
NiSource postpones final remarketing of Series C Mandatory Convertible Preferred Stock
Postponed final remarketing of 862,500 shares of Series C Mandatory Convertible Preferred Stock, $1,000/share liquidation preference.
Final remarketing of 862,500 Series C Mandatory Convertible Preferred Stock (liquidation preference $1,000/share) originally issued April 19, 2021 as part of equity units.
NiSource enters $250M credit agreement with U.S. Bank National Association
Borrowed $250M on Nov 9, 2023; facility matures Nov 7, 2024 (1-year term).
NiSource reaffirms 2023 NOEPS upper half; introduces 2024 guidance, extends growth plan to 2028
Q3 2023 GAAP EPS $0.17 vs $0.12 YoY; non-GAAP EPS $0.19 vs $0.10 YoY.
FERC approves NiSource's sale of 19.9% NIPSCO stake to Blackstone
FERC granted approval for Blackstone affiliate to acquire 19.9% equity in NIPSCO Holdings II LLC.
Final remarketing period for Series C Mandatory Convertible Preferred Stock set for Nov 13-17, 2023.
Extended credit agreement termination date from Dec 19, 2023 to Mar 15, 2024.
Postpones remarketing of up to 862,500 shares (liquidation preference $1,000/share) originally issued April 19, 2021.
NiSource to remarket up to 862,500 shares of Series C Mandatory Convertible Preferred Stock
Remarketing period scheduled Oct 2-23, 2023; Goldman Sachs is sole remarketing agent.
On March 18, 2024, Aristides S. Candris, a member of the Board of Directors (the “Board”) of NiSource Inc. (the “Company”), notified the Board of his decision to retire from the Board, effective as of March 19, 2024.
On March 19, 2024, the Board appointed John McAvoy as a director of the Company, effective immediately.
As previously reported on February 19, 2024, Donald Brown informed NiSource Inc. (the “Company”) that he will depart the Company as Executive Vice President and Chief Innovation Officer effective on or before May 1, 2024 (the “Separation Date”).
On February 19, 2024, Donald Brown informed NiSource Inc. (the “Company”) that he will depart the Company as Executive Vice President and Chief Innovation Officer effective on or before May 1, 2024
the Board approved the appointment of Melody Birmingham as Executive Vice President and President NiSource Utilities, effective March 27, 2023
appointed as the Company's Executive Vice President and Chief Innovation Officer, in each case effective March 27, 2023
approved the appointment of Shawn Anderson to Executive Vice President and Chief Financial Officer
On August 15, 2022, Pablo A. Vegas, Executive Vice President and Group President, Utilities, at NiSource Inc. (the “Company”) notified the Company that he intends to resign from all positions that he holds with the Company and its subsidiaries, effective September 2, 2022, to assume the position of President and Chief Executive Officer at the Electric Reliability Council of Texas, effective October 1, 2022.
and William Jefferson as Executive Vice President, Operations and Chief Safety Officer
appointed Melody Birmingham as Executive Vice President and Chief Innovation Officer
On April 25, 2022, Violet G. Sistovaris, Executive Vice President and Chief Experience Officer at NiSource Inc. (the "Company") notified the Company that she intends to retire from the Company effective July 1, 2022.
On March 15, 2022, the Board appointed William D. Johnson as a director of the Company, effective immediately.
Max materiality 0.85 · Median 0.55 · Most common event other_material