earnings
confidence high
sentiment positive
materiality 0.65
NiSource Q3 adjusted EPS $0.20, reaffirms FY24, extends 6-8% growth to 2029
NISOURCE INC.
2024-Q3 EPS reported
$1.14
revenue$3,867,300,000
- GAAP Q3 net income $85.7M ($0.19 EPS) vs $77.0M ($0.17) YoY; nine-month GAAP EPS $1.14 vs $0.98.
- Non-GAAP adjusted EPS Q3 $0.20 (up from $0.19); nine-month adjusted EPS $1.26 vs $1.07.
- Reaffirmed 2024 adjusted EPS guidance $1.70-1.74; introduced 2025 guidance $1.84-1.88.
- Extended 6-8% annual adjusted EPS growth target through 2029; new 5-year capex plan $19.3B (+$2.9B).
- Expects 8-10% rate base growth over 2025-2029, driven by investments in Indiana and NIPSCO IRP.