NiSource Inc. NIreported first-quarter 2018 operating earnings of 77 cents per share, in line with the Zacks Consensus Estimate. Earnings were 8.5% higher than the year-ago quarter.
The company reported GAAP earnings of 82 cents per share compared with 65 cents in the year-ago period. The difference between GAAP and operating earnings was due to 5 cents impact of one-time non-recurring items.
Highlights of the Release
During the quarter, the company increased its quarterly dividend by 11.4% to 78 cents.
During and after the end of the quarter, the company applied for rate hikes in different Utility Commissions.
The company received approval on a rate hike application filed with Massachusetts Department of Public Utilities. The new rates will become applicable from May 1, 2018.