Benzinga | Aug 5, 2020 07:52AM EDT

NiSource: Q2 Earnings Insights

Shares of NiSource (NYSE:NI) moved lower by 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 160.00% year over year to $0.13, which beat the estimate of $0.08.

Revenue of $957,400,000 declined by 5.40% from the same period last year, which missed the estimate of $1,080,000,000.

Guidance

The upcoming fiscal year's EPS expected to be between $1.28 and $1.36.

Details Of The Call

Date: Aug 05, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.nisource.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2393320&sessionid=1&key=C8AEC5AC5E8BA6D649CEDA696D46CD5A&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $30.67

52-week low: $19.56

Price action over last quarter: Up 5.46%

Company Overview

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.