RTTNews | Aug 4, 2021 06:47AM EDT

06:47 Wednesday, August 4, 2021 (RTTNews.com) - While reporting financial results for the second quarter on Wednesday, electric utility NiSource Inc. (NI) maintained its adjusted net operating earnings guidance for the full-year 2021.

For fiscal 2021, company continues to project adjusted net operating earnings in the range of $1.32 to $1.36 per share.

On average, 14 analysts polled by Thomson Reuters expect the company to report earnings of $1.35 per share for the year. Analysts' estimates typically exclude special items.

NiSource also continues to expect to grow its net operating earnings per share by 7 to 9 percent on a compound annual growth rate (CAGR) basis from 2021 through 2024, including near-term annual growth of 5 to 7 percent through 2023.

NiSource expects to make capital investments totaling approximately $10 billion through 2024, comprised of annual investments of $1.9 to $2.2 billion for growth, safety and modernization, and an additional $2 billion in total for renewable generation.

These investments are expected to drive compound annual rate base growth of 10 to 12% for each of our businesses through 2024.

Further, NiSource continues on track to achieve its environmental impact targets and expects to reduce greenhouse gas emissions 90% by 2030, from 2005 levels, including a 50% reduction in methane emissions from gas mains and services by 2025.

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