NiSource (NI) Tops Q3 EPS by 4c; reaffirms NOEPS guidance

NiSource (NYSE: NI) reported Q3 EPS of $0.19, $0.04 better than the analyst estimate of $0.15.

GUIDANCE:

2023 NOEPS guidance reaffirmed, introducing 2024 NOEPS guidance and extension to growth plan

NiSource is reiterating 2023 non-GAAP NOEPS to be in the upper half of the $1.54-1.60 range. In 2024 non-GAAP NOEPS is expected to be in the range of $1.68-1.72. NiSource is extending its plan to 2028 with non-GAAP NOEPS growth expected to be 6-8% annually, driven by $16 billion 2024-28 base plan capital expenditures and 8-10% annual 2023-28 rate base growth*. This increases the capital expenditures projected over the next 5-year window by $1 billion.**

For earnings history and earnings-related data on NiSource (NI) click here.

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