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NiSource Q2 Earnings Surpass Estimates, Revenues Miss
NiSource (NYSE: NI) reported second-quarter 2024 operating earnings per share 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-year quarter's figure of $1.09 billion.
NiSource, Inc Price, Consensus and EPS Surprise
NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote
Highlights of the Release
Total operating expenses amounted to $847.7 million, down 8% from the year-ago quarter's level of $921.1 million due to low cost of energy.
Operating income totaled $237 million, up 40.3% from the year-ago figure of $168.9 million.
Net interest expenses ...