NYSE$NI
Nisource Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
NiSource reported a net loss on a GAAP basis, but reaffirmed 2020 capital expenditure and 2021 non-GAAP NOEPS guidance.
NiSource reported a GAAP net loss of $186.7 million, or $0.49 per share, for the three months ended September 30, 2020. However, the company reaffirmed its 2020 capital investment forecast of $1.7 to $1.8 billion and its 2021 non-GAAP net operating earnings guidance in the range of $1.28 to $1.36 per share.
- Safety & asset modernization, renewable generation transition and continued customer affordability remain top priorities
- 2020 CapEx and 2021 non-GAAP NOEPS guidance reaffirmed
- Additional renewable generation projects announced in Indiana
- Sale of Columbia Gas of Massachusetts closed in October
Headline financials
Revenue & EPS history
Nisource · Revenue · Quarterly
$903M
Forward guidance
NiSource reaffirmed its 2020 capital investment forecast of $1.7 to $1.8 billion, and its 2021 non-GAAP net operating earnings guidance in the range of $1.28 to $1.36 per share. The company continues to expect to grow its net operating earnings per share by 7 to 9% on a compound annual growth rate basis from 2021 through 2024, including near-term annual growth of 5 to 7% through 2023.
Tailwinds
- Reaffirmed 2020 capital investment forecast
- Reaffirmed 2021 non-GAAP net operating earnings guidance
- Expects 7-9% net operating earnings per share growth from 2021-2024
- Expects $1.9 to $2.2 billion annual growth, safety, and modernization investments
- Expects $1.8 to $2.0 billion of investments in renewable generation assets
Headwinds
- Modest commercial and industrial load impacts due to COVID-19
- Impacts on revenues are being mitigated by cost management measures
- Pennsylvania base rate case order expected in Q1 2021, creating uncertainty
- Maryland base rate case order expected in November 2020, creating uncertainty
- NIPSCO tracker update request order expected by year-end, creating uncertainty
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 Q3 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
| Quarter | Report date | Reaction (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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