NiSource Q1 GAAP EPS $0.77, adjusted EPS $0.85; reaffirms FY2024 guidance

NISOURCE INC.

2024-Q1 EPS reported $0.77 revenue$1,706,300,000

GAAP net income $344.3M ($0.77 EPS) vs $319.2M ($0.71) in Q1 2023.
Non-GAAP adjusted net income $382.8M ($0.85 EPS) vs $343.0M ($0.77) YoY.
Reaffirms FY2024 adjusted EPS guidance of $1.70-1.74 and 6-8% annual growth through 2028.
Base capex plan increased to $16.4B (up $400M); no incremental equity issuance needed.

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 0.99

NISOURCE INC. reported for the three months ended March 31, 2024 results: net income $382.8 million, EPS $0.85.

Period: for the three months ended March 31, 2024
Net income: $382.8 million
EPS: $0.85
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 March 31, 2024, of $344.3 million, or $0.77 of earnings per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

NISOURCE INC. reported for the three months ended March 31, 2024 results: net income $382.8 million, EPS $0.85.

Period: for the three months ended March 31, 2024
Net income: $382.8 million
EPS: $0.85
Result: reported results

Exact text from the filing

NiSource also reported first quarter 2024 non-GAAP adjusted net income available to common shareholders of $382.8 million, or $0.85 of adjusted earnings per share ("EPS")

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

NISOURCE INC. updated its 2023-2028 period guidance (reaffirmed).

Period: 2023-2028 period
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Reaffirming 2023-2028 annual non-GAAP adjusted EPS growth of 6-8%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

NISOURCE INC. reported annual 2024 results: EPS $1.70-1.74. Guidance reaffirmed.

Period: annual 2024
EPS: $1.70-1.74
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

NiSource is reaffirming 2024 adjusted EPS guidance of $1.70-1.74

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NISOURCE INC. filing history →

Source: SEC EDGAR

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