Nisource Q1 2022 Earnings Report
Key Takeaways
NiSource Inc. announced net income available to common shareholders for the three months ended March 31, 2022 of $413.0 million, or $0.94 diluted earnings per share. The company also reported non-GAAP net operating earnings available to common shareholders of $328.7 million, or $0.75 diluted earnings per share.
2022 guidance and long term earnings growth reaffirmed
Generation transition from coal remains on track for 2026-2028; however, short term solar project delays expected
Regulatory progress supporting enhanced safety and environmental performance continues, with a rate case settlement in Indiana and new cases filed in Pennsylvania and Virginia
Investor Day, focused on extending NiSource's growth plan, will take place this fall
Nisource
Nisource
Forward Guidance
NiSource reaffirms its 2022 non-GAAP diluted net operating earnings per share (NOEPS) guidance of $1.42 to $1.48. NiSource also continues to expect non-GAAP diluted NOEPS to grow by 7 to 9 percent, from 2021's full year results of $1.37 through 2024, on a compound annual growth rate basis, including near-term annual growth of 5 to 7 percent through 2023.