NiSource Inc (NYSE:NI) Reports Strong Q2 2025 Earnings and Revenue Beat

NiSource Inc (NYSE:NI) reported its second-quarter 2025 financial results, delivering earnings and revenue figures that exceeded analyst expectations. The utility company posted GAAP earnings per share (EPS) of $0.22, surpassing the consensus estimate of $0.2135. Revenue for the quarter came in at $1.28 billion, slightly above the projected $1.26 billion.

Key Financial Highlights

• Earnings Performance: NiSource's Q2 2025 GAAP net income reached $102.2 million ($0.22 per diluted share), up from $85.8 million ($0.19 per share) in the same quarter last year. Non-GAAP adjusted EPS also came in at $0.22, compared to $0.21 in Q2 2024.
• Year-to-Date Growth: For the first six months of 2025, GAAP net income stood at $577 million ($1.22 per share), a significant increase from $430.1 million ($0.95 per share) in the prior-year period. Adjusted EPS for the same period was $1.19, up from $1.06 in 2024.
• Revenue Strength: The company’s reported revenue of $1.28 billion exceeded expectations, reflecting steady demand for its natural gas and electric services.

Market Reaction

Following the earnings release, NiSource shares saw a modest pre-market gain of approximately 1.07%, suggesting a positive but measured response from investors. Over the past month, the stock has risen 10%, indicating broader confidence in the company’s performance and outlook.

Guidance and Outlook

NiSource narrowed its full-year 2025 non-GAAP adjusted EPS guidance to the upper half of its previously stated range of $1.85 to $1.89. This outlook aligns with the company’s long-term growth strategy, which includes $19.4 billion in capital expenditures between 2025 and 2029 to support an 8%-10% annual rate base growth and 6%-8% adjusted EPS growth.

CEO Lloyd Yates emphasized the company’s focus on reliability and execution, stating, "Our base capital plan includes critical investments to ensure reliability for our customers, and the increased 2025 earnings expectations reflect our ability to deliver on financial commitments."

Analyst Estimates vs. Company Outlook

Analysts currently project full-year 2025 revenue of $6.22 billion and EPS of $1.93, while NiSource’s guidance suggests EPS at the higher end of its range. For Q3 2025, analysts estimate revenue of $1.21 billion and EPS of $0.188, which will be a key benchmark for the company’s next earnings report.

Conclusion

NiSource’s Q2 results demonstrate solid execution, with both earnings and revenue beating expectations. The company’s reaffirmed guidance and long-term investment plans reinforce its position as a stable utility player. Investors will be watching for continued execution on capital projects and regulatory approvals that support future growth.

For more detailed earnings estimates and historical performance, visit NiSource’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.