NiSource (NI) Tops Q3 EPS by 4c, Reaffirms FY16 Guidance

NiSource (NYSE: NI) reported Q3 EPS of $0.06, $0.04 better than the analyst estimate of $0.02. Revenue for the quarter came in at $821.1 million versus the consensus estimate of $881.14 million.

2016 Guidance, Growth Commitments Reaffirmed

NiSource CEO Joseph Hamrock reaffirmed that NiSource expects to deliver non-GAAP net operating earnings per share of $1.00 to $1.10 in 2016.

As previously disclosed, NiSource expects to make approximately $1.4 billion in planned infrastructure enhancement investments in 2016 as part of its $30 billion in infrastructure investment opportunities, which should support the company's projected long-term earnings and dividend growth projections of 4-6% annually.

For earnings history and earnings-related data on NiSource (NI) click here.

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