NiSource Q2 non-GAAP EPS $0.11; raises 2023 guidance to upper half; announces NIPSCO minority sale to Blackstone

NISOURCE INC.

2023-Q2 EPS reported $0.80 revenue$3,056,000,000

GAAP net income $39.9M ($0.09 diluted EPS) vs $53.2M ($0.12) a year ago; non-GAAP NOEPS $0.11 vs $0.12.
2023 non-GAAP NOEPS guidance raised to upper half of $1.54–$1.60 range; long-term 6-8% growth reaffirmed.
Agreed to sell minority stake in NIPSCO to Blackstone Infrastructure Partners; deal expected by year-end.
NIPSCO electric rate case final order anticipated August 2023; $800M in renewable investments placed in service.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NISOURCE INC. reported three months ended June 30, 2023 results: net income $39.9 million, EPS $0.09 diluted earnings per share. Guidance raised.

Period: three months ended June 30, 2023
Net income: $39.9 million
EPS: $0.09 diluted earnings per share
Guidance: raised
Result: reported results

Exact text from the filing

NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the three months ended June 30, 2023, of $39.9 million, or $0.09 diluted earnings per share

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NISOURCE INC. reported six months ended June 30, 2023 results: net income $359.1 million, EPS $0.80 diluted earnings per share. Guidance raised.

Period: six months ended June 30, 2023
Net income: $359.1 million
EPS: $0.80 diluted earnings per share
Guidance: raised
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023, on a GAAP basis NiSource's net income available to common shareholders was $359.1 million, or $0.80 diluted earnings per share

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NISOURCE INC. filing history →

Source: SEC EDGAR

accession 0001111711-23-000024

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