Nisource Q4 2024 Earnings Report

Key Takeaways

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.

Total Revenue

$1.59B

Previous year: $1.42B

+11.7%

EPS

$0.49

Previous year: $0.53

-7.5%

Non-GAAP EPS Growth

Base Capital Expenditure Plan

$19.4B

Gross Profit

$790M

Previous year: $694M

+13.8%

Cash and Equivalents

$199M

Previous year: $2.28B

-91.3%

Free Cash Flow

-$220M

Previous year: -$342M

-35.6%

Total Assets

$32.5B

Previous year: $31.8B

+2.0%

Nisource Revenue

Nisource EPS

Forward Guidance

NiSource raised its 2025 non-GAAP EPS guidance to $1.85-$1.89, citing long-term rate base growth expectations of 8%-10% annually.

Positive Outlook

Raised 2025 non-GAAP EPS guidance to $1.85-$1.89.
Annual EPS growth expected at 6%-8% from 2025-2029.
Increased base capital expenditure plan to $19.4 billion.
Continued strong customer satisfaction results.
Focus on long-term operational efficiency and growth.

Challenges Ahead

Q4 2024 GAAP net income slightly declined YoY.
Q4 2024 adjusted net income lower than Q4 2023.
Market uncertainties could impact future earnings.
Regulatory and operational risks remain challenges.
Unpredictable factors such as weather and asset sales may affect results.