Nisource Inc

NI

Equity

ISIN US65473P1057 / Valor 686996

New York Stock Exchange, Inc (2024-12-26)

USD 36.85-0.03%

Nisource Inc
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About company

NiSource Inc is a natural gas and electric utility company that provides energy services to customers in the United States. They operate regulated utilities in seven states and also have non-regulated businesses in energy infrastructure and technology services.

Summarized from source with an LLMView SourceSector: Energy

Net Income Growth

NiSource Inc. reported a net income available to common shareholders of $85.7 million for the third quarter of 2024, translating to earnings of $0.19 per diluted share. This marks an increase from the $77.0 million, or $0.17 per diluted share, reported in the same quarter of 2023.

Year-to-Date Performance

For the nine months ending September 30, 2024, NiSource Inc. achieved a net income of $515.8 million, or $1.14 per diluted share. This is a significant improvement compared to the $436.1 million, or $0.98 per diluted share, recorded during the same period in 2023.

Non-GAAP Adjusted Earnings

In the third quarter of 2024, NiSource Inc. reported a non-GAAP adjusted net income of $89.9 million, or $0.20 per adjusted EPS. This is an increase from the $83.7 million, or $0.19 per adjusted EPS, reported in the third quarter of 2023.

Guidance and Growth Outlook

NiSource Inc. reaffirmed its 2024 non-GAAP adjusted EPS guidance of $1.70-1.74 and introduced a 2025 guidance range of $1.84-1.88. The company also extended its expected annual growth rate of 6-8% to 2029, supported by a $19.3 billion capital expenditure plan for 2025-2029.

Capital Expenditure Plan

NiSource Inc. updated its 5-year capital expenditure base plan to $19.3 billion, which is approximately $2.9 billion larger than the previous plan. This investment is expected to drive an 8-10% rate base growth from 2025 to 2029.

Summarized from source with an LLMView Source

Key figures

39.4%1Y

37.1%3Y

34.7%5Y

Performance

16.5%1Y

20.9%3Y

27.2%5Y

Volatility