NiSource Q2 Profit Rises - Quick Facts

(RTTNews) - NiSource Inc. (NI) reported second-quarter income from continuing operations of $72.1 million, or $0.23 per share, compared to $68.3 million, or $0.23 per share a year ago. Net operating earnings from continuing operations was $72.8 million, or $0.23 per basic share, for the three months ended June 30, 2013.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.

Gross revenues were $1.21 billion, compared to $1.04 billion last year. Analysts expected revenue of $1.07 billion for the quarter. Total net revenues increased to $852.4 million, from $800.0 million last year. NiSource said the company remains on track to deliver net operating earnings in line with its full-year outlook of $1.50 to $1.60 per share. Analsysts expect the company to report full year profit per share of $1.55.