NYSE$NI

Nisource Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

NiSource reported strong earnings results and reaffirmed 2024 non-GAAP adjusted EPS guidance.

NiSource announced second quarter results with a net income of $85.8 million, or $0.19 of earnings per diluted share. The company reaffirmed its 2024 adjusted EPS guidance of $1.70-1.74, annual 6-8% adjusted EPS growth, and annual 8-10% rate base growth for the 2023-2028 period. The 2024-2028 base capital expenditure plan is $16.4 billion.

  • Net income available to common shareholders for Q2 2024 was $85.8 million, or $0.19 per diluted share.
  • Non-GAAP adjusted net income for Q2 2024 was $94.7 million, or $0.21 of adjusted EPS.
  • NiSource reaffirmed 2024 adjusted EPS guidance of $1.70-1.74.
  • The company reaffirmed annual 6-8% adjusted EPS growth and annual 8-10% rate base growth for the 2023-2028 period.

Headline financials

Total Revenue

$1.08B

Previous: $1.09B-0.5%
EPS

$0.19

Previous: $0.11+72.7%
Adjusted Net Income

$94.7M

No prior period
Capital Expenditures

-$1.22B

Previous: -$1.16B-4.9%
Free Cash Flow

-$1.13B

Previous: -$1.1B-2.8%
Net Income

$85.8M

Previous: $58.8M+45.9%
Operating Income

$237M

Previous: $169M+40.3%
Gross Profit

$237M

Previous: $169M+40.3%
Cash & Equivalents

$101M

Previous: $151M-33.1%
Total Assets

$29.9B

Previous: $27.3B+9.3%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Nisource · Revenue · Quarterly

$1.08B

Q2 2024-0.5%vs Q2 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

NiSource is reaffirming 2024 adjusted EPS guidance of $1.70-1.74 as well as annual 6-8% adjusted EPS growth and annual 8-10% rate base growth* for the 2023-2028 period.

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 Q2 2024

Historical avgQ2 2024

+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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