NiSource Inc (NI) Quote - XNYS | Morningstar

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Indiana Renewable Energy Investment Approval Provides Increased Confidence in NiSource’s EPS Growth

Equity Analyst Charles Fishman

Charles Fishman, CFA Equity Analyst

Analyst Note

| Charles Fishman, CFA | Aug 4, 2021

We are reaffirming our $28.50 per share fair value estimate after NiSource reported flat 2021 second-quarter operating EPS, reaffirmed operating earnings guidance, and provided an update to its planned renewable energy investment. Operating EPS in the recently ended quarter were $0.13, the same as in the second quarter of 2020.

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Company Profile

Business Description

NiSource is one of the nation's largest natural gas distribution companies with approximately 3.5 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource’s electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, most of which is now coal-fired but is being replaced by natural gas and renewables.

Contact

801 East 86th Avenue
Merrillville, IN, 46410

T +1 877 647-5990

investors@nisource.com

www.nisource.com

Sector Utilities

Industry Utilities - Regulated Gas

Most Recent Earnings Jun 30, 2021

Fiscal Year End Dec 31, 2021

Stock Type High Yield

Employees 7,389

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