Nisource Inc

Latest Results (26.10.2025):

NiSource Inc. reported strong financial performance for the second quarter of 2025, demonstrating growth in both GAAP and non-GAAP earnings compared to the same period last year. The company also provided updated guidance, reflecting its confidence in continued earnings growth driven by significant capital investments.

GAAP Net Income Growth

For the second quarter ended June 30, 2025, NiSource Inc. reported a GAAP net income of $102.2 million, or $0.22 per diluted share, up from $85.8 million, or $0.19 per diluted share, in the second quarter of 2024. Over the first six months of 2025, GAAP net income increased to $577.0 million, compared to $430.1 million for the same period in 2024.

Non-GAAP Adjusted Earnings

NiSource Inc.’s non-GAAP adjusted net income for the second quarter of 2025 was $101.9 million, or $0.22 adjusted EPS, up from $94.7 million, or $0.21 adjusted EPS, in the second quarter of 2024. For the first six months of 2025, non-GAAP adjusted net income reached $564.2 million, or $1.19 adjusted EPS, compared to $477.5 million, or $1.06 adjusted EPS, in the same period last year.

Updated 2025 Earnings Guidance

NiSource Inc. has narrowed its 2025 non-GAAP adjusted EPS guidance to the upper half of the range at $1.85-$1.89. The company expects annual rate base growth of 8%-10% and non-GAAP adjusted EPS growth of 6%-8% from 2025 to 2029, supported by $19.4 billion in capital expenditures during this period.

Leadership Commentary

President and CEO Lloyd Yates emphasized the company’s focus on executing its strategy and operations effectively. He highlighted the importance of capital investments in ensuring system reliability and meeting the increased earnings expectations through dedicated efforts and financial commitments.