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Dec 31, 2020
Nisource Q4 2020 Earnings Report
NiSource reported mixed results due to the impacts of the COVID-19 pandemic, while making progress on long-term growth opportunities.
Key Takeaways
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.
Safety and asset modernization, renewable generation transition and continued customer affordability remain top priorities
2021 non-GAAP earnings guidance and Investor Day commitments reaffirmed
Generation transition advances with first two Indiana wind projects completed
Steps completed to reposition company to execute on long-term growth opportunities
Forward Guidance
NiSource reaffirms its 2021 non-GAAP net operating earnings guidance in the range of $1.28 to $1.36 per share and expects to make capital investments of $1.9 billion to $2.1 billion in 2021. The company expects to grow its net operating earnings per share by 7 to 9% on a compound annual growth rate basis from 2021 through 2024.
Positive Outlook
- Reaffirming 2021 non-GAAP net operating earnings guidance of $1.28 to $1.36 per share.
- Expecting capital investments of $1.9 billion to $2.1 billion in 2021.
- Expecting to grow net operating earnings per share by 7 to 9% on a compound annual growth rate basis from 2021 through 2024.
- Expecting near-term annual growth of 5 to 7% through 2023.
- Expecting to make growth, safety and modernization investments of $1.9 to $2.2 billion annually through 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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