NiSource Backs FY16 Earnings View; Sees Higher Earnings In FY17 - Quick Facts

(RTTNews) - NiSource Inc. (NI), a utility company, Tuesday said its capital investments and financial performance remain on track, and it continues to expect to deliver non-GAAP net operating earnings of $1.05 to $1.10 per share for 2016.

On average, 12 analysts polled by Thomson Reuters expect earnings of $1.07 per share for the year. Analysts' estimates typically exclude special items.

Further, the company issued 2017 non-GAAP net operating earnings guidance of between $1.12 and $1.18 per share. Analysts project earnings of $1.15 for the next year.

NiSource said its 2017 non-GAAP net operating earnings guidance is consistent with its 4-6 percent annual earnings growth commitment.

The company also reaffirmed its expectation of delivering annual dividend increases of 4-6 percent and announced that it expects to complete approximately $1.5 billion in planned utility infrastructure investments in 2017.

"These investment levels keep the company on track for sustained execution on the more than $30 billion of identified long-term regulated utility investments that the company outlined in 2014," the company said.