MicroVision MOVIA lidar gains support on NVIDIA DRIVE AGX platform
MERRILLVILLE, Ind. - NiSource Inc (NYSE:NI) reported strong financial results for 2024 on Wednesday, surpassing its own guidance range for non-GAAP adjusted earnings per share (EPS).
The company has subsequently raised its 2025 EPS guidance and reaffirmed its long-term growth outlook.
For the full year 2024, NiSource reported non-GAAP adjusted net income of $798.6 million, or $1.75 per share, compared to $716.3 million, or $1.60 per share, in 2023. This represents a 9.4% YoY increase in adjusted EPS, exceeding the company’s previous guidance.
On a GAAP basis, net income available to common shareholders for 2024 was $739.7 million, or $1.62 per diluted share, up from $661.7 million, or $1.48 per diluted share, in the previous year.
Looking ahead, NiSource has raised its 2025 non-GAAP adjusted EPS guidance to $1.85-$1.89, compared to the analyst consensus of $1.86. The company also increased its base capital expenditure plan to $19.4 billion, a $100 million boost from the prior $19.3 billion projection.
The company reaffirmed its expectation of 8%-10% rate base growth and 6%-8% annual non-GAAP adjusted EPS growth for the 2025-2029 period.
For the fourth quarter of 2024, NiSource reported EPS of $0.49, falling short of the analyst estimate of $0.53 by $0.04.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.