NYSE$NI

Nisource Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

NiSource reported first quarter 2021 results, highlighting safety and asset modernization, renewable generation transition, and customer affordability as top priorities.

NiSource reported a GAAP net income available to common shareholders of $281.7 million, or $0.72 diluted earnings per share, for the three months ended March 31, 2021. The company also reported non-GAAP net operating earnings available to common shareholders of $304.8 million, or $0.77 diluted earnings per share, for the same period.

  • Safety & asset modernization, renewable generation transition, customer affordability remain top priorities
  • Equity unit issuance significantly de-risked financing strategy
  • Renewable generation advances with investments now totaling ~$2.0B
  • Narrowed 2021 guidance (diluted NOEPS) to the upper half of the previous range and reaffirmed all other near- and long-term growth rates outlined at Investor Day

Headline financials

Total Revenue

$1.55B

Previous: $1.61B-3.7%
EPS (adj)

$0.77

Previous: $0.76+1.3%
Capital Expenditures

-$367M

Previous: -$452M+18.8%
Free Cash Flow

-$71.5M

Previous: -$377M+81.0%
Net Income

$296M

Previous: $75.6M+290.9%
Operating Income

$433M

Previous: $148M+192.3%
Gross Profit

$433M

Previous: $148M+192.3%
Cash & Equivalents

$89.1M

Previous: $204M-56.3%
Total Assets

$22.2B

Previous: $22.6B-1.8%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Nisource · Revenue · Quarterly

$1.55B

Q1 2021-3.7%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

NiSource is narrowing its 2021 non-GAAP diluted net operating earnings guidance to $1.32 to $1.36 per share and expects to make capital investments of $1.9 billion to $2.1 billion in 2021.

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 2021

Historical avgQ1 2021

+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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