NiSource Posts Higher Q1 Profit - Quick Facts

(RTTNews) - Energy holding company NiSource, Inc. (NI) posted an improvement in its first-quarter 2014 GAAP income from continuing operations to $266.4 million, or $0.85 per share, from $216.0 million, or $0.69 per share, a year ago. GAAP operating income was $533.7 million this quarter, an increase from $428.9 million reported last year.

On a non-GAAP basis, operating earnings for the quarter were $509.1 million, compared with $427.9 million in the year-ago period. Non-GAAP net operating earnings from continuing operations of $258.4 million, or $0.82 per basic share, were higher than last year's $215.3 million, or $0.69 per basic share. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.79 for the quarter. Analysts' estimates typically exclude one-time items.

Gross revenues, on a GAAP basis, advanced year-over-year to $2.32 billion, from $1.78 billion. Two analysts estimated revenues of $1.93 billion for the quarter.