How did Nissos' revenue and expenses perform in Q4 2024?
5/7/2025 04:20pm
Nisource's revenue and expenses in Q4 2024 showed a total revenue of $1.59 billion, with the following segment performances:
1. **Revenue Performance**:
- NIPSCO Operations generated $2 billion, contributing significantly to the total revenue.
- Columbia Operations contributed $2.7 billion to the revenue, with $1.87 billion coming from NIPSCO Operations and $425.1 million from Corporate and Other segments.
- The Corporate and Other segment also contributed $900,000 to the revenue.
2. **Expense Performance**:
- There was an elimination of -$434.9 million, which is a reduction in expenses, implying better operational efficiency or a one-time adjustment.
3. **Overall Financial Health Indicators**:
- The total revenue of $1.59 billion indicates a strong financial performance for the period.
- The elimination of expenses suggests that there may have been some restructuring or optimization efforts within the company that led to a reduction in overall expenses.