Stock Monitor: MGE Energy Post Earnings Reporting
LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want access to our free earnings report on NiSource Inc. (NYSE: NI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NI. The Company reported its financial results on March 31, 2018, for the first quarter of the fiscal year 2018 ended May 02, 2018. The Company's earnings for Q1 FY18 were in-line with analysts' consensus estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for MGE Energy, Inc. (NASDAQ: MGEE), which also belongs to the Utilities sector as the Company NiSource. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, NiSource most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
NiSource's total revenues reached $1.75 billion in Q1 FY18, reflecting an increase of 9.52% from $1.60 billion in Q1 FY17. For the quarter under review, the Company's customer revenues jumped 11.33% to $1.72 billion, while its other revenues fell 40.11% to $33.60 million on a y-o-y basis.
During Q1 FY18, NiSource's total operating expenses were $1.35 billion, 14.11% higher than $1.18 billion in Q1 FY17. The Company's cost of sales, excluding depreciation and amortization, advanced 31.16% to $724.40 million on a y-o-y basis, while its operation and maintenance expenses declined 2.21% to $402.50 million on a y-o-y basis in the reported quarter. NiSource's operating income was $400.60 million in Q1 FY18, down 3.56% from $415.40 million in Q1 FY17.
NiSource's net income was $276.10 million in the quarter ended March 31, 2018, 30.67% higher than $211.30 million in the same period of last year. The Company's basic earnings per share (EPS) jumped 26.15% to $0.82 in the reported quarter from $0.65 in Q1 FY17. The Company's reported earnings included a gain on sale of assets and weather-related impact on operating revenues. NiSource's non-GAAP net operating earnings were $259.70 million in Q1 FY18, up 12.62% from $230.60 million in Q1 FY17. The Company's non-GAAP net operating EPS increased 8.45% to $0.77 in the quarter under review from $0.71 in the year ago comparable quarter, and was consistent with analysts' consensus estimates.
During Q1 FY18, NiSource's Gas Distribution Operations segment's non-GAAP revenues were $737.30 million, down 3.83% on a y-o-y basis. The segment's non-GAAP operating earnings were $320.20 million in Q1 FY18, 11.52% lower than $361.90 million in Q1 FY17.
NiSource's Electric Operations segment had non-GAAP revenues of $293.70 million in Q1 FY18, a decrease of 5.74% from the prior year's comparable quarter. The segment had non-GAAP operating earnings of $86 million in the quarter under review, up 1.18% from $85 million in Q1 FY17.
NiSource had cash and cash equivalents of $35 million as on March 31, 2018, an increase of 20.69% from $29 million as on December 31, 2017.
NiSource's net cash flow from operating activities was $388.20 million in the three months ended March 31, 2018, 5.57% lower than $411.10 million in the corresponding period of last year. The Company incurred capital expenditure of $370 million in Q1 FY18, 18.59% higher than $312 million in Q1 FY17. NiSource paid dividends of $65.70 million in the reported quarter compared to $56.50 million in Q1 FY17, reflecting an increase of 16.28%.
On January 26, 2018, NiSource increased its quarterly dividend to an annualized $0.78 per share, up 11.40% from $0.70 per share in 2017.
Stock Performance Snapshot
June 01, 2018 - At Friday's closing bell, NiSource's stock fell 2.21%, ending the trading session at $24.74.
Volume traded for the day: 2.87 million shares.
Stock performance in the previous three-month period - up 6.78%
After last Friday's close, NiSource's market cap was at $8.54 billion.
Price to Earnings (P/E) ratio was at 43.79.
The stock has a dividend yield of 3.15%.
The stock is part of the Utilities sector, categorized under the Diversified Utilities industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.