At times during the call, we'll refer to the supplemental slides available on our website at nisource.com. I'd like to remind all of you that some of the statements made on this conference call will be forward-looking.
These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the statements. Information concerning such risks and uncertainties is included in the MD&A and Risk Factors sections of our periodic SEC filings.
And now, I'd like to turn the call over to Bob Skaggs.
Robert C. SkaggsThanks, Glen. Good morning, and thanks for joining us. For today's agenda, we'll review a few 2011 highlights that demonstrate the continued strength of NiSource's business strategy and our commitment to building shareholder value. We'll then spend some time discussing each of our 3 business units' performance. And before opening the line to your questions, we'll discuss our 2012 financial outlook and our strategic priorities. Starting on Slide 3 in the supplemental deck, as we noted in this morning's earnings release, for NiSource, 2011 was a year of significant achievement, groundbreaking performance and industry-leading growth in delivering shareholder value. For the fifth year in a row, the NiSource team met its financial commitments. Specifically, in 2011, we delivered earnings of $1.35 per share non-GAAP at the top of our guidance range for the year and, I would add, right on top of the consensus estimate for the year. We also delivered 40% total shareholder return, significantly outperforming the broader market in utility indices for the third consecutive year. In fact, NiSource's 2011 performance ranked first among all companies in the Dow Jones Utility Index. Driving this consistent increase in value is our balanced strategy of executing on stakeholder-focused commercial and regulatory initiatives, paired with disciplined and accretive capital investments.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV