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Nisource (NI)
:NI
Holding NI?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.52Last Year’s EPS
0.53Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 6.38%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and strategic advancements in renewable energy and regulatory approvals. The company is focused on growth via a robust capital plan and data center strategy. However, potential challenges include regulatory approval dependencies and rising compliance costs.Company Guidance
During the Q3 2024 earnings call, NiSource provided comprehensive guidance, reaffirming its adjusted EPS guidance for 2024 at $1.70 to $1.74 and initiating 2025 guidance at $1.84 to $1.88, consistent with a 6% to 8% annual growth target. The company announced a refreshed five-year capital plan totaling $19.3 billion, reflecting an 8% to 10% rate base growth from 2025 to 2029. This plan is driven by investments in renewable energy projects, including solar and wind, as well as system modernization and compliance projects. NiSource highlighted its commitment to maintaining a 14% to 16% FFO to debt ratio and achieving operational excellence through efficiency improvements and strategic investments, such as deploying AI in work management. The company is also exploring significant opportunities in supporting data center developments, which are expected to impact its financial plans starting in 2025.Strong Financial Performance
NiSource achieved a trailing 12-month 9.9% earned ROE, with higher rate base investments driving $61 million in incremental revenue and net financing benefits of approximately $26 million for the quarter.
Positive Regulatory Developments
Received approvals in Indiana for solar CPC, amendments for solar facilities ownership, and a gas peaking facility, aiding the retirement of coal-generating stations by 2028. Settlements reached in Pennsylvania and Kentucky rate cases.
Robust Capital Plan
Announced a refreshed 5-year capital plan of $19.3 billion, slightly larger than previous plans, projecting 8% to 10% rate base growth and supporting a 6% to 8% annual adjusted EPS growth.
Renewable Energy Progress
Substantial progress in renewable energy projects with the Cavalry Solar project already in service and Dunns Bridge 2 expected early next year.
Data Center Strategy
Development of a strategy to serve data center customers, with Indiana being a favorable location due to infrastructure and climate benefits.
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NI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $34.16 | $34.86 | +2.05% |
| Aug 07, 2024 | $30.71 | $30.86 | +0.49% |
| May 08, 2024 | $28.59 | $28.26 | -1.15% |
| Feb 21, 2024 | $25.36 | $25.59 | +0.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nisource (NI) report earnings?
Nisource (NI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Nisource (NI) earnings time?
Nisource (NI) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NI EPS forecast?
NI EPS forecast for the fiscal quarter 2024 (Q4) is 0.52.
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