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Mar 31, 2021
Nisource Q1 2021 Earnings Report
NiSource reported first quarter 2021 results, highlighting safety and asset modernization, renewable generation transition, and customer affordability as top priorities.
Key Takeaways
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.
Safety & asset modernization, renewable generation transition, customer affordability remain top priorities
Equity unit issuance significantly de-risked financing strategy
Renewable generation advances with investments now totaling ~$2.0B
Narrowed 2021 guidance (diluted NOEPS) to the upper half of the previous range and reaffirmed all other near- and long-term growth rates outlined at Investor Day
Forward Guidance
NiSource is narrowing its 2021 non-GAAP diluted net operating earnings guidance to $1.32 to $1.36 per share and expects to make capital investments of $1.9 billion to $2.1 billion in 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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