Nisource ( (NI) ) has released its Q1 earnings. Here is a breakdown of the information Nisource presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
NiSource Inc., a leading fully-regulated utility company in the United States, provides natural gas and electric services to millions of customers across six states through its Columbia Gas and NIPSCO brands.
In its latest earnings report, NiSource announced a strong financial performance for the first quarter of 2025, with significant increases in both GAAP and non-GAAP earnings per share compared to the same period last year. The company reaffirmed its guidance for 2025 and projected steady growth through 2029.
Key financial highlights include a GAAP net income of $474.8 million, translating to $1.00 per diluted share, up from $344.3 million or $0.77 per share in the previous year. On a non-GAAP basis, adjusted net income was $462.3 million, or $0.98 per share, compared to $382.8 million or $0.85 per share last year. This performance underscores NiSource’s robust business fundamentals and resilience in the face of market challenges.
NiSource continues to focus on growth and sustainability, with expectations of 8%-10% rate base growth and 6%-8% adjusted EPS growth annually from 2025 to 2029. The company remains committed to delivering safe and reliable energy services while investing in its infrastructure and communities.
Looking ahead, NiSource’s management remains optimistic about the company’s future, emphasizing their strategic plans and the dedication of their workforce to maintain service reliability and community safety.