NYSE$NI

Nisource Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

NiSource reported mixed results due to the impacts of the COVID-19 pandemic, while making progress on long-term growth opportunities.

NiSource Inc. reported net income available to common shareholders of $70.7 million, or $0.18 per share, for the three months ended December 31, 2020, compared to a net loss of $153.0 million, or $0.41 per share, for the same period of 2019. Non-GAAP net operating earnings available to common shareholders were $130.1 million, or $0.34 per share, compared to $169.6 million, or $0.45 per share, for the same period of 2019.

  • Safety and asset modernization, renewable generation transition and continued customer affordability remain top priorities
  • 2021 non-GAAP earnings guidance and Investor Day commitments reaffirmed
  • Generation transition advances with first two Indiana wind projects completed
  • Steps completed to reposition company to execute on long-term growth opportunities

Headline financials

Total Revenue

$1.21B

Previous: $1.4B-13.3%
EPS (adj)

$0.34

Previous: $0.45-24.4%
Net Income

$70.70

Previous: -$153M+100.0%
Operating Income

$218M

Previous: -$153M+242.5%
Gross Profit

$487M

Previous: $634M-23.1%
Cash & Equivalents

$1.7B

No prior period
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Nisource · Revenue · Quarterly

$1.21B

Q4 2020-13.3%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

NiSource reaffirms its 2021 non-GAAP net operating earnings guidance in the range of $1.28 to $1.36 per share and expects to make capital investments of $1.9 billion to $2.1 billion in 2021. The company expects to grow its net operating earnings per share by 7 to 9% on a compound annual growth rate basis from 2021 through 2024.

Tailwinds

  • Reaffirming 2021 non-GAAP net operating earnings guidance of $1.28 to $1.36 per share.
  • Expecting capital investments of $1.9 billion to $2.1 billion in 2021.
  • Expecting to grow net operating earnings per share by 7 to 9% on a compound annual growth rate basis from 2021 through 2024.
  • Expecting near-term annual growth of 5 to 7% through 2023.
  • Expecting to make growth, safety and modernization investments of $1.9 to $2.2 billion annually through 2024.

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 Q4 2020

Historical avgQ4 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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