NiSource (NI) Reports In-Line Q2 EPS; Increases Outlook

NiSource (NYSE: NI) reported Q2 EPS of $0.10, in-line with the analyst estimate of $0.10.

Consistent with plans outlined at its Investor Day in March 2017, NiSource expects to grow its net operating earnings per share (non-GAAP) and dividend at 5 to 7 percent each year - based off the revised 2017 guidance - through 2020. The company also continues to expect to invest $1.6 to $1.8 billion annually ($1.6 to $1.7 billion in 2017) in its utility infrastructure programs through 2020. These program investments are part of NiSource's more than $30 billion of identified long-term investment opportunities.

With this robust investment and steady earnings and dividend growth projected, NiSource continues its commitment to maintaining investment grade credit ratings. Standard & Poor's rates NiSource at BBB+, Moody's at Baa2 and Fitch at BBB, all with stable outlooks. As of June 30, 2017, NiSource maintained $1.25 billion in net available liquidity, consisting of cash and available capacity under its credit facility.

For earnings history and earnings-related data on NiSource (NI) click here.

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