Nisource Earnings Reports

NiSource reported Q4 2024 GAAP net income of $223.9 million, slightly lower than Q4 2023's $225.6 million. Adjusted net income was $231.2 million, compared to $239.3 million in Q4 2023. GAAP EPS stood at $0.47, while adjusted EPS was $0.49. Revenue for the quarter was $1.59 billion. The company reaffirmed its expected annual non-GAAP EPS growth of 6%-8% for 2025-2029.

NiSource announced second quarter results with a net income of $85.8 million, or $0.19 of earnings per diluted share. The company reaffirmed its 2024 adjusted EPS guidance of $1.70-1.74, annual 6-8% adjusted EPS growth, and annual 8-10% rate base growth for the 2023-2028 period. The 2024-2028 base capital expenditure plan is $16.4 billion.

NiSource reported a GAAP net income of $77.0 million, or $0.17 diluted earnings per share, and a non-GAAP net operating earnings of $83.7 million, or $0.19 diluted earnings per share. The company reaffirmed its 2023 non-GAAP NOEPS guidance in the upper half of the range and introduced 2024 non-GAAP NOEPS guidance, extending annual growth of 6-8% from 2023-28. An incremental $1 billion in capital expenditures was incorporated across the 5-year plan horizon.

NiSource reported a decrease in GAAP net income and diluted earnings per share for Q2 2023 compared to Q2 2022. Non-GAAP net operating earnings also saw a slight decrease. However, the company raised its 2023 non-GAAP NOEPS guidance to the upper half of $1.54 to $1.60 and reaffirmed its annual non-GAAP NOEPS growth target of 6-8% through 2027.

NiSource reported a GAAP net income of $319.2 million, or $0.71 per share, and a non-GAAP net operating earnings of $343.0 million, or $0.77 per share. The company reaffirmed its non-GAAP NOEPS guidance of $1.54 to $1.60 for 2023 and a growth of 6-8% through 2027. They also reaffirmed annual rate base growth of 8-10% driven by $15 billion of capital expenditures during 2023-27 period.

NiSource announced its 2022 results, with diluted NOEPS topping the guidance range. The company has increased its 2023 guidance and launched the NIPSCO minority interest sale, which is on track for 2023.

NiSource announced third quarter 2022 results with net income available to common shareholders of $52.0 million, or $0.12 diluted earnings per share, compared to $49.4 million, or $0.12 diluted earnings per share, for the same period of 2021. The company narrowed its 2022 non-GAAP diluted net operating earnings per share (NOEPS) guidance to $1.44 to $1.46 and initiates 2023 guidance of $1.50 to $1.57 non-GAAP diluted NOEPS.

NiSource reported a GAAP net income available to common shareholders of $53.2 million, or $0.12 diluted earnings per share. The company reaffirmed its 2022 non-GAAP diluted net operating earnings per share (NOEPS) guidance of $1.42 to $1.48 and continues to expect non-GAAP diluted NOEPS to grow by 7 to 9 percent from 2021 through 2024.

NiSource Inc. announced net income available to common shareholders for the three months ended March 31, 2022 of $413.0 million, or $0.94 diluted earnings per share. The company also reported non-GAAP net operating earnings available to common shareholders of $328.7 million, or $0.75 diluted earnings per share.

NiSource reported net income available to common shareholders for the three months ended December 31, 2021 of $152.2 million, or $0.36 diluted earnings per share. Non-GAAP net operating earnings available to common shareholders was $166.7 million, or $0.39 diluted earnings per share, for the same period.

NiSource reported a net income of $49.4 million, or $0.12 diluted earnings per share, for Q3 2021, compared to a net loss of $186.7 million, or $0.49 diluted loss per share, for the same period in 2020. Non-GAAP net operating earnings were $47.1 million, or $0.11 diluted earnings per share, compared to $36.3 million, or $0.09 diluted earnings per share, for the same period in 2020. The company expects to achieve the top end of its 2021 non-GAAP diluted net operating earnings guidance.

NiSource reported GAAP net income available to common shareholders of $46.5 million, or $0.11 diluted earnings per share, for the three months ended June 30, 2021. The company remains on track to achieve its 2021 non-GAAP diluted net operating earnings guidance of $1.32 to $1.36 per share.

NiSource reported a GAAP net income available to common shareholders of $281.7 million, or $0.72 diluted earnings per share, for the three months ended March 31, 2021. The company also reported non-GAAP net operating earnings available to common shareholders of $304.8 million, or $0.77 diluted earnings per share, for the same period.

NiSource Inc. reported net income available to common shareholders of $70.7 million, or $0.18 per share, for the three months ended December 31, 2020, compared to a net loss of $153.0 million, or $0.41 per share, for the same period of 2019. Non-GAAP net operating earnings available to common shareholders were $130.1 million, or $0.34 per share, compared to $169.6 million, or $0.45 per share, for the same period of 2019.

NiSource reported a GAAP net loss of $186.7 million, or $0.49 per share, for the three months ended September 30, 2020. However, the company reaffirmed its 2020 capital investment forecast of $1.7 to $1.8 billion and its 2021 non-GAAP net operating earnings guidance in the range of $1.28 to $1.36 per share.

NiSource Inc. reported a GAAP net loss available to common shareholders of $18.5 million, or $0.05 per share, for the three months ended June 30, 2020. The company also reported net operating earnings available to common shareholders (non-GAAP) of $50.2 million, or $0.13 per share, for the same period.

NiSource reported a GAAP net income of $61.8 million, or $0.16 per share, and non-GAAP net operating earnings of $290.9 million, or $0.76 per share. The company lowered its 2020 capital investment plan by $100 million due to COVID-19.

NiSource reported a net loss of $153.0 million, or $0.41 per share, for the three months ended December 31, 2019, compared to a net loss of $19.8 million, or $0.05 per share, for the same period of 2018. Non-GAAP net operating earnings were $169.6 million, or $0.45 per share, compared to $141.9 million, or $0.38 per share, for the same period of 2018. The company also announced an agreement to sell its Columbia Gas of Massachusetts assets to Eversource for $1.1 billion.