Nisource Q1 2021 Earnings Report
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
Nisource
Nisource
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.