Company Overview - NiSource reported Q2 2024 operating earnings per share (EPS) of 21 cents, exceeding the Zacks Consensus Estimate of 15 cents by 40%, and showing a 90.9% increase from the previous year's 11 cents [2] - On a GAAP basis, the EPS was 19 cents compared to 9 cents in the prior-year quarter [2] Revenue and Expenses - Total operating revenues were $1.08 billion, missing the Zacks Consensus Estimate of $1.16 billion by 6.8%, and decreased by 0.9% from $1.09 billion in the prior-year quarter [3] - Total operating expenses were $847.7 million, down 8% from $921.1 million in the prior-year quarter, attributed to lower energy costs [4] - Operating income increased to $237 million, a 40.3% rise from $168.9 million in the previous year [4] Sales Performance - Total gas distribution in Sales and Transportation was 109.6 Million British Thermal Units per day (MMDth), down 5.1% from 115.5 MMDth in the prior-year quarter [5] - Total electric sales reached 4,018.6 gigawatt-hours (GWh), up 6.6% from 3,770.7 GWh in the prior-year quarter [5] Financial Position - Cash and cash equivalents as of June 30, 2024, were $0.101 billion, a significant decrease from $2.25 billion as of December 31, 2023 [6] - Long-term debts as of June 30, 2024, were $12.81 billion, up from $11.06 billion as of December 31, 2023 [6] - Net cash flows from operating activities in the first half of 2024 were $0.902 million, down from $1.19 billion in the same period last year [6] Guidance and Outlook - The company expects 2024 non-GAAP earnings in the range of $1.70-1.74 per share, with the Zacks Consensus Estimate at $1.72 per share [7] - NiSource anticipates an earnings CAGR of 6-8% through 2028 and capital expenditure of $16.4 billion for the 2024-2028 period [7] - Estimates for the stock have been trending upward, indicating a promising outlook [10] Industry Comparison - NiSource is part of the Zacks Utility - Electric Power industry, where IdaCorp reported revenues of $451.04 million, a year-over-year increase of 9%, and an EPS of $1.71 compared to $1.35 a year ago [11] - IdaCorp is expected to post earnings of $2.16 per share for the current quarter, reflecting a 4.4% increase from the prior-year quarter [12]

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NiSource Inc.'s (NI) systematic investment plans 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. Growth Projections & Surprise History The Zacks Consensus Estima ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend ...

NiSource (NI) reported second-quarter 2024 operating earnings per share (EPS) of 21 cents, which surpassed the Zacks Consensus Estimate of 15 cents by 40%. The bottom line increased 90.9% from the year-ago quarter's recorded figure of 11 cents. On a GAAP basis, the company reported an EPS of 19 cents compared with 9 cents in the prior-year quarter. Total Revenues Operating revenues of $1.08 billion missed the Zacks Consensus Estimate of $1.16 billion by 6.8%. The top line also decreased 0.9% from the prior- ...

NiSource (NI) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this energy holding company would post earnings of $0.81 per share when it actually produced earnings of $0.85, delivering a surprise of 4.94%. Over the last four quarters, the compa ...

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cuttingedge growth stocks. Earnings Growth Cash Flow Growth While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 9.4% over ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider NiSource (NI) . This company, which is in the Zacks Utility - Electric Power industry, shows potential for another earnings beat. When looking at the last two reports, this energy holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.43%, on average, in the last tw ...

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