Industry: Natural Gas Utilities
Fortune Rank: 336
NiSource Inc. is an energy/utility-based holding company providing electric energy, natural gas and water service to the public through 15 subsidiaries. For the 6 months ended 6/30/05, revenues rose 9% to $4.04B. Net income from continuing operations fell 14% to $216.6M. Revenues reflect long term pipeline renegotiations and lower gas distribution customer usage. Earnings were offset by lower operating margins.
NiSource Inc. (NiSource) is an energy holding company whose subsidiaries provide natural gas, electricity, and other products and services to over 3.7 million customers located within a corridor that runs from the Gulf Coast through the Midwest to New England. NiSource's principal subsidiaries include Columbia Energy Group (Columbia) a vertically integrated natural gas distribution, transmission and storage holding company whose subsidiaries provide service to customers in the Midwest, the Mid-Atlantic and the Northeast; Northern Indiana Public Service Company (Northern Indiana), a vertically integrated gas and electric company that provides service to customers in northern Indiana, and Bay State Gas Company (Bay State), a natural gas distribution company that serves customers in New England. NiSource has four business segments: Gas Distribution Operations, Gas Transmission and Storage Operations, Electric Operations and Other Operations.
NiSource is a Fortune 500 company. In 2010 NiSource was ranked number 336 on the Fortune 500 list, making it the 336th largest company in the United States when judged by revenue.
NiSource achieved revenue of $6,652.90 million in 2010 and earned a profit of $217.70 million.
NiSource's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 289th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $9,070 million (a change of -3 million compared to 2010) and profits of $79 million (a change of 139 million compared to 2010).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then NiSource would be ranked 312th rather than 336th due to its profits of $218 in 2010.
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