NiSource Q2 Profit Increases - Quick Facts

(RTTNews) - Energy holding company NiSource Inc. (NI) reported a rise in second-quarter net income to $78.2 million from last year's $71.7 million, with earnings per share improving to $0.25 from $0.23 in the prior year.

On a GAAP basis, income from continuing operations of $78.5 million or $0.25 per share, compared with $72.4 million or $0.23 per share, for the same period in 2013.

Net operating earnings from continuing operations (non-GAAP) were $77.9 million, or $0.25 per share, compared with $72.8 million, or $0.23 per share, for the same period in 2013. Analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Total net revenues for the quarter grew to $963.4 million from $852.2 million last year. Wall Street expected revenues of $1.25 billion for the quarter.

In addition to noting that NiSource is projected to achieve earnings at the upper half of its full-year earnings outlook of $1.61 to $1.71 per share (non-GAAP), the company confirmed that the company remains on track with its record $2.2 billion capital investment program during 2014.