NiSource Inc - Company Profile
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NiSource Inc (NiSource) is an energy utility that distributes natural gas and generates, transmits, and distributes electricity. The company provides natural gas distribution and electric services through its subsidiaries, including NiSource Gas Distribution Group and NIPSCO Holdings I. NiSource's major services include the distribution of natural gas and electricity to residential, commercial, and industrial customers. The company produces electricity from coal, gas and hydro sources. The company also owns and operates Sugar Creek, coal-fired electric generating stations, combined cycle gas turbine (CCGT) plants, and hydroelectric generating plants. NiSource also carries out wholesale and transmission transactions. The company conducts its business operations through NIPSCO and NiSource Gas Distribution Group. NiSource is headquartered in Merrillville, Indiana, the US.
Headquarters
United States of America
Address
801 E 86th Ave, Merrillville, Indiana, 46410-6272
Website
www.nisource.com
Telephone
1 877 6475990
No of Employees
7,668
Industry
Energy and Utilities
Ticker Symbol & Exchange
NI (NYSE)
Revenue (2024)
$6.6B
21.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
22.2%
(2024 vs 2023)
Market Cap*
$22.8B
Net Profit Margin (2024)
XYZ
0.4%
(2024 vs 2023)
* As of and is in US$
NiSource Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Distribution of Electricity |
| Electricity | Transmission of Natural Gas |
| Distribution of Natural Gas | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Plans/Strategy | In March, the company announced its plans to increase the use of renewable natural gas. |
| 2023 | Others | In October, the company launched a multi-phase hydrogen blending project. |
| 2023 | Regulatory Approval | In October, the company received approval from the Federal Energy Regulatory Commission to sell a 19.9% equity interest in Northern Indiana Public Service Company LLC to an affiliate of Blackstone Infrastructure Partners. |
Competitor Comparison
| Key Parameters | NiSource Inc | American Electric Power Co Inc | Dominion Energy Inc | DTE Energy Co | FirstEnergy Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Merrillville | Columbus | Richmond | Detroit | Akron |
| State/Province | Indiana | Ohio | Virginia | Michigan | Ohio |
| No. of Employees | 7,668 | 17,581 | 15,200 | 9,650 | 11,186 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kevin T. Kabat | Chairman | Executive Board | - | 68 |
| Lloyd M. Yates | Chief Executive Officer; Director; President | Executive Board | 2022 | 64 |
| Shawn Anderson | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 43 |
| Melanie B. Berman | Chief Human Resources Officer; Executive Vice President - Administration | Senior Management | - | 54 |
| William Jefferson | Chief Operating and Safety Officer; Executive Vice President | Senior Management | 2024 | 63 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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