NiSource Q1 Earnings & Revenues Surpass Estimates, Increase Y/Y

NiSource NI reported first-quarter 2025 operating earnings per share (EPS) of 98 cents, which topped the Zacks Consensus Estimate of 90 cents by 8.9%. The bottom line increased 15.3% from the year-ago quarter’s recorded figure of 85 cents. (See the Zacks Earnings Calendar to stay ahead of market-making news.)

On a GAAP basis, the company reported an EPS of $1 compared with 77 cents in the prior-year quarter. The difference between GAAP and non-GAAP earnings is due to a 2-cent impact of one-time items.

NI’s Total Revenues

Operating revenues of $2.18 billion beat the Zacks Consensus Estimate of $1.86 billion by 17.5%. The top line also increased 27.9% from the prior-year quarter’s figure of $1.70 billion.

NiSource, Inc Price, Consensus and EPS Surprise

 

NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote

Highlights of NI’s Earnings Release

Total operating expenses amounted to $1.42 billion, up 26.8% from the year-ago quarter’s $1.12 billion.

Operating income totaled $759.4 million, up 30.2% from the year-ago figure of $583.4 million.

Net interest expenses amounted to $132.8 million, up 14.2% from the prior-year quarter’s $116.3 million.

Total gas distribution in Sales and Transportation was recorded at 230.9 Million British Thermal Units per day (MMDth), up 11.4% from the prior-year quarter’s 207.3 MMDth.

Total electric sales were recorded at 4,011.7 gigawatt-hours (GWh), up 9.9% from the prior-year quarter’s 3,648.9 GWh.

NI’s Financial Update

NiSource's cash and cash equivalents as of March 31, 2025, were $0.26 billion compared with $0.157 billion as of Dec. 31, 2024.

Long-term debts (excluding those due within a year) as of March 31, 2025, were $12.83 billion compared with $12.07 billion as of Dec. 31, 2024.

Net cash flows from operating activities in the first quarter of 2025 were $686.4 million compared with $456.2 million in the first quarter of 2024.

NI’s 2025 Guidance

The company reaffirmed its 2025 non-GAAP earnings in the band of $1.85-$1.89 per share. The Zacks Consensus Estimate is pegged at $1.87 per share, which is on par with the midpoint of the company’s guided range.

NI expects to witness an earnings CAGR of 6-8% through 2029. It expects capital expenditures of $19.4 billion for the 2025-2029 period.

NI’s Zacks Rank

NiSource currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Releases

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CMS’ long-term (three to five years) earnings growth is currently pegged at 7.84%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $3.59, reflecting year-over-year growth of 7.49%.

WEC Energy Group WEC posted first-quarter 2025 earnings of $2.27 per share, which surpassed the Zacks Consensus Estimate of $2.19 by 3.7%.

WEC’s long-term earnings growth is currently pegged at 6.95%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $5.24, reflecting year-over-year growth of 8.49%.

Xcel Energy Inc. XEL reported first-quarter 2025 operating earnings of 84 cents per share, which lagged the Zacks Consensus Estimate of 93 cents by 9.7%.

XEL’s long-term earnings growth is currently pegged at 7.52%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $3.81, reflecting year-over-year growth of 8.86%.

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