NiSource: Fourth Quarter Earnings Overview

NiSource Announces Fourth-Quarter Financial Results

NiSource Inc., headquartered in Merrillville, Indiana, revealed a net profit of $257.8 million for the fourth quarter.

The company reported earnings of 53 cents per share, with adjusted earnings—excluding one-time gains—at 51 cents per share.

These figures exceeded analyst predictions, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of 49 cents per share.

During the quarter, NiSource generated $1.9 billion in revenue, with adjusted revenue totaling $1.89 billion.

For the entire year, NiSource posted a net income of $929.5 million, or $1.95 per share, on total revenue of $6.61 billion.

Looking ahead, the company forecasts full-year earnings to fall between $2.02 and $2.07 per share.