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NiSource: 2Q Earnings Snapshot

July 31, 2019

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%.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NI at https://www.zacks.com/ap/NI

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