earnings
confidence high
sentiment positive
materiality 0.75
NiSource 2023 GAAP EPS $1.48; raises 2024 NOEPS guidance to $1.70-1.74
NISOURCE INC.
2023-FY EPS reported
$1.48
revenue$5,347,800,000
- 2023 GAAP net income $661.7M ($1.48 diluted EPS) vs $749.0M ($1.70) in 2022.
- 2023 non-GAAP NOEPS $1.60 vs $1.47 in 2022; at top end of prior guidance range.
- Raising 2024 non-GAAP NOEPS guidance to $1.70-1.74 from $1.68-1.72.
- Reaffirms 6-8% annual non-GAAP NOEPS growth through 2028; $16B base capex plan.
- Closed NIPSCO minority interest transaction in Dec 2023, strengthening balance sheet.