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Dec 31, 2024
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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