NiSource (NI) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 morning, ladies and gentlemen. Thank you for standing by, and welcome to the NiSource First Quarter twenty twenty five Earnings Conference Call. Please note that all lines have been placed on mute to prevent any background noise. After today's presentation, there will be an opportunity to ask questions. I will now turn the conference over to Dave Brow, Communications. Please go ahead. Speaker1 Good morning, and welcome to the NiSource fir ...

SUPPLEMENTAL SLIDES 1Q 2025 RESULTS May 7, 2025 LEGAL DISCLAIMER Forward-Looking Statements This presentation contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-16189 NiSource Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 8 ...

Exhibit 99.1 FOR IMMEDIATE RELEASE May 7, 2025 FOR ADDITIONAL INFORMATION Media Investors Kristen King Investor Relations Finance Communications investors@nisource.com (380) 268-3023 kking@nisource.com NiSource announces first quarter results This press release includes financial results and guidance for NiSource with respect to adjusted net income available to common shareholders and adjusted EPS, which are non-GAAP financial measures as defined by the SEC. The company includes these measures because manag ...

Financial Data and Key Metrics Changes - The adjusted EPS for 2024 was reported at $1.75 per share, reflecting a year-over-year increase of 9.4% compared to 2023 [16][56] - The adjusted EPS guidance for 2025 has been raised to a range of $1.85 to $1.89 per share, consistent with a 6% to 8% growth outlook [17][58] - The company achieved $367 million in incremental revenue driven by higher rate base investments, partially offset by increased O&M, depreciation, and non-controlling interest [56][64] Business Line Data and Key Metrics Changes - The NIPSCO electric rate case is driven by nearly $2.5 billion of incremental investment for customers in Northern Indiana [32] - The average residential gas customer bill in Virginia declined by 11% on a total bill basis over the trailing twelve-month period ending December [35] - The company reported an adjusted EPS of $0.49 per share for the fourth quarter, a decrease of $0.04 per share compared to the previous year [56] Market Data and Key Metrics Changes - The company has invested $6.9 billion in capital expenditures across six states over the last two years to support system reliability [12] - The base capital plan for 2025-2029 is set at $19.4 billion, with expected rate base growth of 8% to 10% during this period [18][59] - The company has seen strong customer additions and expanded customer usage, contributing $36 million in revenues across electric and gas businesses for the year [57] Company Strategy and Development Direction - The company aims to deliver safe and reliable energy while maintaining affordable rates through efficient capital deployment and constructive regulatory recovery mechanisms [8][10] - The focus remains on economic development, particularly in Indiana, to attract data center operations, leveraging favorable infrastructure and regulatory conditions [21][24] - The company is actively pursuing a robust portfolio of investment opportunities, including data center strategies, to enhance value for customers and shareholders [53][74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term growth rates despite external market conditions, supported by a strong regulatory framework [61][70] - The company remains focused on minimizing the financial impact of safety, reliability, and compliance work on customers, projecting less than 5% average annual bill increases [62][66] - The management highlighted the importance of stakeholder engagement and regulatory processes in supporting their investment strategies [11][30] Other Important Information - NiSource Inc. was named to the 2024 Dow Jones Sustainability Indices, marking the eleventh consecutive year of recognition [41] - The company has implemented AI initiatives to enhance operational efficiency, resulting in a 16% increase in work productivity [27] - The company has a strong balance sheet, with FFO to debt for 2024 at 14.6%, up from 14.1% in 2023 [64][66] Q&A Session Summary Question: Can you speak to the Genco filing and risk-sharing considerations? - Management discussed the Genco filing as a regulated entity that allows for flexibility in serving large load customers while protecting existing customers [78][82] Question: What is the timing for commercial arrangements related to data centers? - Management indicated that 2025 is a key year for data center opportunities, with ongoing discussions progressing positively [80][90] Question: Do you need IURC approval for the Genco filing before announcing a deal? - It was clarified that while IURC approval is needed for the Genco entity, it is not required to announce deals with large load customers [110][112] Question: What is the status of the La Porte facility project? - Management confirmed that negotiations are ongoing, but no construction has begun yet [120] Question: How do you view the potential for serving data centers through the gas system? - Management sees significant opportunities to serve data centers through the gas infrastructure, which is robust and reliable [122][123]

SUPPLEMENTAL SLIDES YEAR END 2024 RESULTS February 12, 2025 NiSource | NYSE: NI | nisource.com | This presentation includes financial results and guidance for NiSource with respect to adjusted net income available to common shareholders and adjusted EPS, diluted earnings per share, segment earnings per share/operating income, funds from operations/debt, and earnings CAGR, which are non-GAAP financial measures as defined by the Securities and Exchange Commission. The company includes these measures because m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K NiSource Inc. (Exact name of registrant as specified in its charter) | DE | 35-2108964 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 801 East 86th Avenue | | | Merrillville, IN | 46410 | | (Address of principal executive offices) | (Zip Code) | | (877) 647-5990 | | ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

Exhibit 99.1 FOR IMMEDIATE RELEASE: February 12, 2025 NiSource announces full-year 2024 results MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the year ended December 31, 2024, of $739.7 million, or $1.62 of earnings per diluted share, compared to net income available to common shareholders of $661.7 million, or $1.48 of earnings per diluted share, for the same period of 2023. NiSource also reported full-year 2024 non-GAAP adju ...

NiSource Inc. (NYSE:NI) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Chris Turnure - Director of Investor Relations Lloyd Yates - President and Chief Executive Officer Michael Luhrs - Executive Vice President of Strategy and Risk and Chief Commercial Officer Shawn Anderson - Executive Vice President and Chief Financial Officer Conference Call Participants Nicholas Campanella - Barclays Julien Dumoulin-Smith - Jefferies Richard Sunderland - JP. Morgan Durgesh Chopra - Ev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-16189 NiSource Inc. | --- | --- | --- | |-----------------------------------------------------------------------------|-----------|---- ...