NiSource (NI) Q1 Earnings And Revenues Surpass Estimates
Zacks Investment Research | Apr 30, 2019 11:52PM ET
NiSource Inc. (NYSE:NI) delivered operating earnings of 82 cents per share in first-quarter 2019, beating the Zacks Consensus Estimate of 77 cents by 6.5%. The bottom line also increased 6.5% from the year-ago quarter’s tally. The upside was primarily driven by the company’s continued execution of long-term utility infrastructure modernization programs.
On a GAAP basis, the company reported earnings of 55 cents compared with 82 cents in the prior-year quarter.
Total Revenues
NiSource generated operating revenues of $1,858.1 million in first-quarter 2019, which outpaced the Zacks Consensus Estimate of $1,841 million by 1%. The top line also increased 6% from $1,752.2 million recorded in the year-ago quarter.
NiSource, Inc Price, Consensus and EPS Surprise
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