Latest news with #NiSourceInc
San Francisco Chronicle
07-05-2025
- Business
- San Francisco Chronicle
NiSource: Q1 Earnings Snapshot
MERRILLVILLE, Ind. (AP) — MERRILLVILLE, Ind. (AP) — NiSource Inc. (NI) on Wednesday reported first-quarter profit of $474.8 million. The Merrillville, Indiana-based company said it had net income of $1 per share. Earnings, adjusted for non-recurring gains, came to 98 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. The energy holding company posted revenue of $2.18 billion in the period.
Business Wire
07-05-2025
- Business
- Business Wire
NiSource Announces First Quarter Results
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the quarter ended March 31, 2025, of $474.8 million, or $1.00 of earnings per diluted share, compared to net income available to common shareholders of $344.3 million, or $0.77 of earnings per diluted share, for the same period of 2024. NiSource also reported first quarter 2025 non-GAAP adjusted net income available to common shareholders of $462.3 million, or $0.98 of adjusted earnings per share ("EPS") compared to non-GAAP adjusted net income available to common shareholders of $382.8 million, or $0.85 of adjusted EPS, for the same period of 2024. Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP measures. ** NiSource is reaffirming 2025 non-GAAP adjusted EPS guidance of $1.85-$1.89 as well as 8%-10% rate base growth and non-GAAP adjusted EPS growth of 6%-8% annually for the 2025-2029 period. 'The NiSource team is working hard to execute on plans for the growth and sustainability of our business and provide safe, reliable service to our customers,' said NiSource President and CEO, Lloyd Yates. 'Our first quarter results are yet another demonstration of our strong business fundamentals. Despite market conditions and other forces beyond our control, the longevity of our plan is enduring and our investments are resilient. I'd like to thank our committed employees and contractors for their ongoing efforts to ensure our communities are safe and receive reliable energy.' **Non-GAAP Disclosure Statement This press release includes financial results and guidance for NiSource with respect to adjusted net income available to common shareholders and adjusted EPS, which are non-GAAP financial measures as defined by the SEC. The company includes these measures because management believes they permit investors to view the company's performance using the same tools that management uses and to better evaluate the company's ongoing business performance. With respect to guidance on adjusted EPS, NiSource reminds investors that it does not provide a GAAP equivalent of its guidance on adjusted net income available to commons shareholders due to the impact of unpredictable factors such as fluctuations in weather, impact of asset sales and impairments and other unusual or infrequent items included in the comparable GAAP measures. The company is not able to estimate the impact of such factors on the comparable GAAP measures and, as such, is not providing guidance on a GAAP basis. In addition, the company is not able to provide a reconciliation of its non-GAAP adjusted EPS guidance to the comparable GAAP equivalents without unreasonable efforts. Additional Information Additional information for the quarter ended March 31, 2025, is available on the Investors section of and includes segment and financial information and a presentation. The company alerts investors that it intends to use the Investors section of its website and as well as the company's social media channels to disseminate important information about the company to its investors. Investors are advised to look at NiSource's website and social media channels for future important information about the company. About NiSource NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,700 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America's Best Employers for Women and Diversity. Learn more about NiSource's record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at The content of our website is not incorporated by reference into this document or any other report or document NiSource files with the Securities and Exchange Commission ('SEC'). NI-F Forward-Looking Statements This Press Release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. Forward-looking statements in this press release include, but are not limited to, statements concerning our guidance on adjusted EPS, plans, strategies, objectives, expected performance, expenditures, recovery of expenditures through rates, stated on either a consolidated or segment basis, and any and all underlying assumptions and other statements that are other than statements of historical fact. Expressions of future goals and expectations and similar expressions, including "may," "will," "should," "could," "would," "aims," "seeks," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," "forecast," and "continue," reflecting something other than historical fact are intended to identify forward-looking statements. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this Press Release include, among other things: our ability to execute our business plan or growth strategy, including utility infrastructure investments, or business opportunities, such as data center development and related generation sources and transmission capabilities to meet potential load growth; our ability to manage data center growth in our service territories; potential incidents and other operating risks associated with our business; our ability to work successfully with our third-party investors; our ability to adapt to, and manage costs related to, advances in technology, including alternative energy sources and changes in laws and regulations; our increased dependency on technology; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the success of our electric generation strategy; construction risks and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy commodities and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demand; our ability to attract, retain or re-skill a qualified, diverse workforce and maintain good labor relations; our ability to manage new initiatives and organizational changes; the performance and quality of third-party suppliers and service providers; our ability to manage the financial and operational risks related to achieving our carbon emission reduction goals, including our Net Zero Goal (as defined below), including any future associated impact from business opportunities such as data center development as those opportunities evolve; potential cybersecurity attacks or security breaches; increased requirements and costs related to cybersecurity; the actions of activist stockholders; any damage to our reputation; the impacts of natural disasters, potential terrorist attacks or other catastrophic events; the physical impacts of climate change and the transition to a lower carbon future; our debt obligations; any changes to our credit rating or the credit rating of certain of our subsidiaries; adverse economic and capital market conditions, including increases in inflation or interest rates, recession, or changes in investor sentiment; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; economic conditions in certain industries; the reliability of customers and suppliers to fulfill their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential impairments of goodwill; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; compliance with changes in, or new interpretations of applicable laws, regulations and tariffs, including impacts of state and federal orders on our ability to carry out our business plan and growth strategy; the cost of compliance with environmental laws and regulations and the costs of associated liabilities; changes in tax laws or the interpretation thereof; and other matters set forth in Item 1, "Business," Item 1A, "Risk Factors" and Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," of our Annual Report on Form 10-Q for the fiscal year ended December 31, 2024 and matters set forth in our subsequent Quarterly Reports on Form 10, some of which risks are beyond our control. In addition, the relative contributions to profitability by each business segment, and the assumptions underlying the forward-looking statements relating thereto, may change over time. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law. (in millions, except per share amounts) 2025 2024 GAAP Net Income Available to Common Shareholders $ 474.8 $ 344.3 Adjustments to Operating Income: Operating Revenues: Weather - compared to normal (1) (16.8 ) 32.9 Total adjustments to operating income (16.8 ) 32.9 Income Taxes: Tax effect of above items (2) 4.3 (8.4 ) Preferred Dividends: Preferred dividends redemption premium (3) — 14.0 Total adjustments to net income (loss) (12.5 ) 38.5 Adjusted Net Income Available to Common Shareholders $ 462.3 $ 382.8 Diluted Average Common Shares 472.5 449.4 GAAP Diluted Earnings Per Share (4) $ 1.00 $ 0.77 Adjustments to diluted earnings per share (0.02 ) 0.08 Adjusted Earnings Per Share $ 0.98 $ 0.85 (1) Represents the estimated impact of actual weather during the period compared to expected normal weather. Beginning in 2024, the adjustment for NIPSCO Operations excludes the impact of non-controlling interest. (2) Represents income tax expense associated with adjustments to GAAP amounts calculated using the applicable statutory tax rates for legal entity. (3) Represents the difference between the carrying value on the redemption date of the Series B Preferred Stock and the total amount of consideration paid to redeem, net of the fair value of common shares issued during 2024. (4) GAAP Diluted Earnings Per Share includes the effects of income allocated to participating securities. Please refer to Note 5, "Earnings Per Share," within the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2025. Expand
Yahoo
30-04-2025
- Business
- Yahoo
A Look At The Intrinsic Value Of NiSource Inc. (NYSE:NI)
NiSource's estimated fair value is US$35.34 based on Dividend Discount Model Current share price of US$39.72 suggests NiSource is potentially trading close to its fair value Analyst price target for NI is US$42.23, which is 20% above our fair value estimate Today we will run through one way of estimating the intrinsic value of NiSource Inc. (NYSE:NI) by estimating the company's future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. As NiSource operates in the integrated utilities sector, we need to calculate the intrinsic value slightly differently. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. This often underestimates the value of a stock, but it can still be good as a comparison to competitors. We use the Gordon Growth Model, which assumes dividend will grow into perpetuity at a rate that can be sustained. The dividend is expected to grow at an annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.8%. We then discount this figure to today's value at a cost of equity of 6.2%. Compared to the current share price of US$39.7, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = US$1.2 / (6.2% – 2.8%) = US$35.3 The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at NiSource as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.2%, which is based on a levered beta of 0.800. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for NiSource Strength Earnings growth over the past year exceeded the industry. Weakness Earnings growth over the past year is below its 5-year average. Interest payments on debt are not well covered. Dividend is low compared to the top 25% of dividend payers in the Integrated Utilities market. Expensive based on P/E ratio and estimated fair value. Opportunity Annual earnings are forecast to grow for the next 3 years. Threat Debt is not well covered by operating cash flow. Paying a dividend but company has no free cash flows. Annual earnings are forecast to grow slower than the American market. Although the valuation of a company is important, it ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For NiSource, we've compiled three further factors you should further research: Risks: For instance, we've identified 2 warning signs for NiSource (1 is concerning) you should be aware of. Future Earnings: How does NI's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Business Wire
23-04-2025
- Business
- Business Wire
NiSource to Release First Quarter 2025 Financial Results and Host Conference Call on May 7
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) today announced that the company will release its first quarter 2025 financial results on May 7 before U.S. financial markets open and will host a conference call that day at 11 a.m. EDT (10 a.m. CT) to review the first quarter 2025 financial results and provide a general business update. All interested parties may listen to the conference call live on May 7 by logging onto the NiSource website at A link on the home page will provide access to the webcast and news release. A replay of the call will be available beginning at 2 p.m. EDT on May 7, 2025, through 11:59 p.m. EDT on May 14, 2025. To access the recording, call +1 (800) 770-2030 and enter conference ID 5571489 followed by the # key. A recording of the call will be archived on the NiSource website. About NiSource NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,700 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America's Best Employers for Women and Diversity. Learn more about NiSource's record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at NI-F
Yahoo
02-04-2025
- Business
- Yahoo
NiSource Inc. (NI): Jim Cramer Says He Likes This Utility Dividend Stock
We recently published a list of . In this article, we are going to take a look at where NiSource Inc. (NYSE:NI) stands against other stocks that Jim Cramer is discussing ahead of Q1 earnings season. Jim Cramer in a latest program on CNBC talked about the winning sectors so far this year and said the trends show a 'strange' pattern. Cramer specifically mentioned the oil and gas sector which he believed would underperform given President Donald Trump's plan to keep energy prices lower. 'I thought this group would be down given that the president wants to expand drill and we have a slower economy, but the stocks aren't expensive and demand for natural gas very strong,' Cramer said. Cramer also talked about healthcare and other key sectors that performed well. He believes these patterns show that investors are turning to sectors that perform well during recessions. However, Cramer thinks the state of the economy is better than feared. 'The seven stocks that make up the S&P are too big to dismiss. You need at least some of them to put together a really positive tape. But the bottom line, it's terrific to see such a broad mixture of stocks winning here, from ones that can run in a recession to ones that can rally hard in a robust economy. What it tells me is that the market may be far healthier than we think, and this backdrop simply isn't as bad as many would have you believe.' READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In For this article, we picked 10 stocks Jim Cramer recently talked about during his programs on CNBC. With each company, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Number of Hedge Fund Investors: 27 Jim Cramer was recently asked about utility company NiSource Inc. (NYSE:NI). Here is what he said: 'I've liked NiSource (NYSE:NI) forever. I've got to tell you, I recommended it when I was at Goldman Sachs, and that was like 140 years ago. I think you've got a good one there. I like consistency. It's got it, as always, Dave delivers.' Overall, NI ranks 10th on our list of stocks that Jim Cramer is discussing ahead of Q1 earnings season. While we acknowledge the potential of NI, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
