Nisource ( (NI) ) has released its Q4 earnings. Here is a breakdown of the information Nisource presented to its investors.
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NiSource Inc. is one of the largest fully-regulated utility companies in the United States, providing natural gas and electric services to millions of customers across six states under the Columbia Gas and NIPSCO brands. Known for its focus on sustainability, NiSource is recognized for its leadership in the sector and its commitment to delivering safe, reliable energy.
NiSource reported strong financial results for the full year 2024, surpassing its non-GAAP adjusted earnings per share (EPS) guidance. The company posted a GAAP net income of $739.7 million, equivalent to $1.62 per diluted share, up from $661.7 million or $1.48 per share in 2023. Furthermore, the non-GAAP adjusted net income was $798.6 million, or $1.75 per adjusted EPS, compared to $716.3 million or $1.60 per share in the prior year.
Among the key highlights, NiSource has raised its 2025 non-GAAP adjusted EPS guidance to a range of $1.85-$1.89, reflecting confidence in continued growth. The company also increased its capital expenditure plan slightly to $19.4 billion, which is projected to support an 8%-10% rate base growth and a 6%-8% annual non-GAAP adjusted EPS growth from 2025 to 2029. The CEO, Lloyd Yates, emphasized the company’s ongoing focus on delivering value and maintaining high customer satisfaction.
Looking ahead, NiSource remains optimistic about its growth trajectory, reaffirming its strategic focus for the upcoming years. The company’s management continues to target consistent financial growth and investment in utility infrastructure, while maintaining strong relationships with its stakeholders and driving customer satisfaction.
