NiSource Inc. (NI), while reporting higher second-quarter earnings above market estimates, on Wednesday narrowed outlook for fiscal 2025 earnings towards the upper half of range.
For the year, the company now expects adjusted earnings per share in the upper half of its previous outlook of $1.85-$1.89.
The Wall Street analysts on average expect the company to report earnings of $1.87 per share. Analysts' estimates typically exclude special items.
The company added that annual rate base growth of 8% to 10% and adjusted earnings per share growth of 6%-8% annually is driven by $19.4 billion of capital expenditures for the 2025-2029 period.
The company's second-quarter earnings came in at $102.2 million or $0.22 per share. This compares with $85.8 million, or $0.19 per share, last year.
Adjusted earnings were $101.9 million or $0.22 per share for the period, compared to $0.21 last year. Analysts expected $0.19 per share.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.