How did NI's earnings trend change in 2024?
4/5/2025 07:28pm
Nisource's earnings trend changed significantly in 2024, with a notable decline in the first quarter followed by a recovery and a strong finish to the year, according to the latest financial reports:
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|NI|NI.N|Nisource|2024 Q1|18.502072232089994|4.003E8|169|
|NI|NI.N|Nisource|2024 Q2|122.67818574514038|1.031E8|169|
|NI|NI.N|Nisource|2024 Q3|-1.4227642276422763|9.7E7|169|
|NI|NI.N|Nisource|2024 Q4|27.3058884835852|2.443E8|169|
The data indicates that Nisource's earnings experienced a sharp downturn in the first three months of 2024, with a low of $103.1 million in Q2 and $97 million in Q3. However, the company's performance improved significantly in the fourth quarter, ending the year with a robust $244.3 million in earnings. This trend suggests that Nisource may have overcome initial challenges to deliver solid results by the end of the year.