Financial Data and Key Metrics Changes - The adjusted EPS for 2024 was reported at $1.75 per share, reflecting a year-over-year increase of 9.4% compared to 2023 [16][56] - The adjusted EPS guidance for 2025 has been raised to a range of $1.85 to $1.89 per share, consistent with a 6% to 8% growth outlook [17][58] - The company achieved $367 million in incremental revenue driven by higher rate base investments, partially offset by increased O&M, depreciation, and non-controlling interest [56][64] Business Line Data and Key Metrics Changes - The NIPSCO electric rate case is driven by nearly $2.5 billion of incremental investment for customers in Northern Indiana [32] - The average residential gas customer bill in Virginia declined by 11% on a total bill basis over the trailing twelve-month period ending December [35] - The company reported an adjusted EPS of $0.49 per share for the fourth quarter, a decrease of $0.04 per share compared to the previous year [56] Market Data and Key Metrics Changes - The company has invested $6.9 billion in capital expenditures across six states over the last two years to support system reliability [12] - The base capital plan for 2025-2029 is set at $19.4 billion, with expected rate base growth of 8% to 10% during this period [18][59] - The company has seen strong customer additions and expanded customer usage, contributing $36 million in revenues across electric and gas businesses for the year [57] Company Strategy and Development Direction - The company aims to deliver safe and reliable energy while maintaining affordable rates through efficient capital deployment and constructive regulatory recovery mechanisms [8][10] - The focus remains on economic development, particularly in Indiana, to attract data center operations, leveraging favorable infrastructure and regulatory conditions [21][24] - The company is actively pursuing a robust portfolio of investment opportunities, including data center strategies, to enhance value for customers and shareholders [53][74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term growth rates despite external market conditions, supported by a strong regulatory framework [61][70] - The company remains focused on minimizing the financial impact of safety, reliability, and compliance work on customers, projecting less than 5% average annual bill increases [62][66] - The management highlighted the importance of stakeholder engagement and regulatory processes in supporting their investment strategies [11][30] Other Important Information - NiSource Inc. was named to the 2024 Dow Jones Sustainability Indices, marking the eleventh consecutive year of recognition [41] - The company has implemented AI initiatives to enhance operational efficiency, resulting in a 16% increase in work productivity [27] - The company has a strong balance sheet, with FFO to debt for 2024 at 14.6%, up from 14.1% in 2023 [64][66] Q&A Session Summary Question: Can you speak to the Genco filing and risk-sharing considerations? - Management discussed the Genco filing as a regulated entity that allows for flexibility in serving large load customers while protecting existing customers [78][82] Question: What is the timing for commercial arrangements related to data centers? - Management indicated that 2025 is a key year for data center opportunities, with ongoing discussions progressing positively [80][90] Question: Do you need IURC approval for the Genco filing before announcing a deal? - It was clarified that while IURC approval is needed for the Genco entity, it is not required to announce deals with large load customers [110][112] Question: What is the status of the La Porte facility project? - Management confirmed that negotiations are ongoing, but no construction has begun yet [120] Question: How do you view the potential for serving data centers through the gas system? - Management sees significant opportunities to serve data centers through the gas infrastructure, which is robust and reliable [122][123]

SUPPLEMENTAL SLIDES YEAR END 2024 RESULTS February 12, 2025 NiSource | NYSE: NI | nisource.com | This presentation includes financial results and guidance for NiSource with respect to adjusted net income available to common shareholders and adjusted EPS, diluted earnings per share, segment earnings per share/operating income, funds from operations/debt, and earnings CAGR, which are non-GAAP financial measures as defined by the Securities and Exchange Commission. The company includes these measures because m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K NiSource Inc. (Exact name of registrant as specified in its charter) | DE | 35-2108964 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 801 East 86th Avenue | | | Merrillville, IN | 46410 | | (Address of principal executive offices) | (Zip Code) | | (877) 647-5990 | | ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

Exhibit 99.1 FOR IMMEDIATE RELEASE: February 12, 2025 NiSource announces full-year 2024 results MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the year ended December 31, 2024, of $739.7 million, or $1.62 of earnings per diluted share, compared to net income available to common shareholders of $661.7 million, or $1.48 of earnings per diluted share, for the same period of 2023. NiSource also reported full-year 2024 non-GAAP adju ...

NiSource Inc. (NYSE:NI) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Chris Turnure - Director of Investor Relations Lloyd Yates - President and Chief Executive Officer Michael Luhrs - Executive Vice President of Strategy and Risk and Chief Commercial Officer Shawn Anderson - Executive Vice President and Chief Financial Officer Conference Call Participants Nicholas Campanella - Barclays Julien Dumoulin-Smith - Jefferies Richard Sunderland - JP. Morgan Durgesh Chopra - Ev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-16189 NiSource Inc. | --- | --- | --- | |-----------------------------------------------------------------------------|-----------|---- ...

Exhibit 99.1 FOR IMMEDIATE RELEASE: October 30, 2024 NiSource announces third quarter 2024 results • Reaffirming 2024 non-GAAP adjusted EPS guidance • Introducing 2025 non-GAAP adjusted EPS guidance and extending expected annual 6-8% growth to 2025-2029 • Updating 5-year capital expenditure base plan to $19.3 billion MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended September 30, 2024, of $85.7 million, or $ ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. - ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that me ...

NiSource Inc.'s (NI) ongoing strategic investments to modernize infrastructure should further enhance the reliability of its operations. The company continues to add clean assets to its portfolio, which helps boost its overall performance. Given its growth opportunities, NiSource makes for a solid investment option in the utility sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. NI's Growth Projections & Surprise History The Zacks Consensus ...