earnings
confidence high
sentiment neutral
materiality 0.70
NiSource Q1: GAAP EPS $0.71, non-GAAP $0.77; reaffirms 2023 NOEPS $1.54-$1.60
NISOURCE INC.
2023-Q1 EPS reported
$0.71
revenue$1,966,000,000
- GAAP net income $319.2M ($0.71 EPS) vs $413.0M ($0.94) in Q1 2022.
- Non-GAAP net operating earnings $343.0M ($0.77 EPS) vs $328.7M ($0.75).
- Reaffirmed 2023 non-GAAP NOEPS guidance $1.54-$1.60; 6-8% growth through 2027.
- NIPSCO electric rate case settlement filed: $292M revenue increase based on $1.8B capital investments.
- NIPSCO minority interest sale on track for 2023.