NYSE$NI

Nisource Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

NiSource reported first quarter results, with financial results minimally affected by COVID-19 and a lowered 2020 CapEx.

NiSource reported a GAAP net income of $61.8 million, or $0.16 per share, and non-GAAP net operating earnings of $290.9 million, or $0.76 per share. The company lowered its 2020 capital investment plan by $100 million due to COVID-19.

  • Company focuses on maintaining essential utility service during COVID-19 pandemic.
  • First quarter financial results minimally affected by COVID-19; company lowers 2020 CapEx by $100 million.
  • Safety Management System (SMS) implementation, pipeline safety enhancements remain a top priority.
  • Electric generation strategy continues to advance.

Headline financials

Total Revenue

$1.61B

Previous: $1.87B-14.1%
EPS (adj)

$0.76

Previous: $0.82-7.3%
Capital Expenditures

-$452M

Previous: -$354M-27.8%
Free Cash Flow

-$377M

Previous: -$135M-179.3%
Net Income

$75.6M

Previous: $219M-65.5%
Operating Income

$148M

Previous: $374M-60.4%
Gross Profit

$148M

Previous: $1.19B-87.5%
Cash & Equivalents

$204M

Previous: $151M+35.0%
Total Assets

$22.6B

Previous: $21.9B+3.2%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Nisource · Revenue · Quarterly

$1.61B

Q1 2020-14.1%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

NiSource expects decreased sales volumes to commercial and industrial customers, increased bad debt expenses, and sustained customer attrition due to COVID-19.

Headwinds

  • Decreased sales volumes to commercial and industrial customers
  • Increased bad debt expenses
  • Sustained customer attrition
  • Potential impact on availability of contractor labor
  • Potential impact on materials and supplies

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.2%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+4.6%

Q3 2020

Best reaction

-6.6%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-3.0%-3.3%
Q4 2025-0.2%+3.6%+5.9%
Q3 2025-2.2%-1.9%+1.7%
Q1 2025+3.0%-2.6%-0.2%
Q4 2024+1.0%+3.3%+2.7%
Q3 2024+1.3%+0.8%+2.2%
Q2 2024+0.4%+2.0%+7.3%
Q1 2024-0.7%-1.7%+0.7%
Q4 2023+1.7%+1.8%-1.6%
Q3 2023+2.5%+0.5%+4.1%
Q2 2023-1.9%-2.9%-3.3%
Q1 2023+1.6%+1.9%-4.1%
Q4 2022+3.5%+2.0%-0.7%
Q3 2022-3.7%-0.3%+6.9%
Q2 2022-0.8%-0.7%-1.8%
Q1 2022+1.2%+1.7%+8.5%
Q4 2021-0.1%+2.0%+9.8%
Q3 2021+1.3%+1.3%+1.5%
Q2 2021+0.5%-0.3%-1.0%
Q1 2021-0.7%+2.0%-1.7%
Q4 2020+2.1%+0.0%+5.9%
Q3 2020+4.6%+1.1%+7.2%
Q2 2020+0.8%+2.7%-7.7%
Q1 2020-6.6%-4.2%+2.2%
Q4 2019-3.8%+0.6%-12.8%
Q3 2019+2.7%+0.0%-3.1%
Q2 2019+1.6%-5.0%-0.1%
Q1 2019-0.7%+0.4%+0.3%
Q4 2018-1.9%-1.8%+6.2%
Q3 2018+0.3%+2.9%+4.2%
Q2 2018+0.4%+2.3%+3.4%
Q1 2018+4.3%+3.9%+0.9%
Q4 2017-2.9%+0.5%-0.4%
Q3 2017+2.2%+3.2%+3.6%
Q2 2017+1.0%+0.5%+2.4%
Q4 2016-1.8%-0.9%+7.8%
Q1 2017+0.2%+0.6%+8.7%
Q3 2016-5.0%-5.8%-6.7%
Q2 2016-1.8%-3.7%-7.7%
Q1 2016+2.5%
Q4 2015+2.4%
Q3 2015+0.9%
Q2 2015-3.7%
Q1 2015-0.3%
Q4 2014+2.2%
Q3 2014+1.1%
Q2 2014-3.3%
Q1 2014+2.0%
Q4 2013+0.7%
Q3 2013+0.0%
Q2 2013+0.8%
Q1 2013-1.7%
Q4 2012+1.0%
Q3 2012-2.6%
Q2 2012-1.0%
Q1 2012+1.5%
Q4 2011-0.1%
Q3 2011-1.4%
Q2 2011+2.4%
Q1 2011+1.6%
Q4 2010-0.5%
Q3 2010-1.6%
Q2 2010+0.0%
Q1 2010-2.7%

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