NiSource: 2Q Earnings Snapshot
MERRILLVILLE, Ind. (AP) _ NiSource Inc. (NI) on Wednesday reported second-quarter earnings of $296.9 million.
On a per-share basis, the Merrillville, Indiana-based company said it had net income of 75 cents. Earnings, adjusted for non-recurring gains, were 5 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.
The energy holding company posted revenue of $1.01 billion in the period.
NiSource shares have risen 17% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%.