NiSource Inc (NI - Free Report) reported second-quarter 2018 operating earnings of 7 cents per share, missing the Zacks Consensus Estimate of 9 cents by 22.2%. Earnings declined 30% from the year-ago quarter’s tally.
Highlights of the Release
NiSource is on track to invest $1.7-$1.8 billion in its utility infrastructure capital programs in 2018.
On Apr 25, 2018, the Public Utilities Commission of Ohio (PUCO) approved Columbia Gas of Ohio's (COH) annual Infrastructure Replacement Program tracker adjustment. Cost recovery of nearly $207 million of infrastructure investments made in 2017 began from the May billing cycle.
NIPSCO's two major electric transmission projects — Greentown-Reynolds and Reynolds-Topeka — were completed and placed into service in June 2018.
NiSource, Inc Price, Consensus and EPS Surprise
NiSource carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DTE Energy (DTE - Free Report) reported second-quarter 2018 operating earnings per share of $1.36, which outpaced the Zacks Consensus Estimate of $1.11 by 22.5%.
American Electric Power (AEP - Free Report) reported second-quarter 2018 adjusted earnings per share (EPS) of $1.01, beating the Zacks Consensus Estimate of 88 cents by 14.8%.
NextEra Energy (NEE - Free Report) reported second-quarter 2018 adjusted earnings of $2.11 per share, beating the Zacks Consensus Estimate of $2.07 by 1.93%
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