Nisource Q1 2023 Earnings Report
Key Takeaways
NiSource reported a GAAP net income of $319.2 million, or $0.71 per share, and a non-GAAP net operating earnings of $343.0 million, or $0.77 per share. The company reaffirmed its non-GAAP NOEPS guidance of $1.54 to $1.60 for 2023 and a growth of 6-8% through 2027. They also reaffirmed annual rate base growth of 8-10% driven by $15 billion of capital expenditures during 2023-27 period.
GAAP net income available to common shareholders was $319.2 million, or $0.71 diluted earnings per share.
Non-GAAP net operating earnings available to common shareholders was $343.0 million, or $0.77 diluted earnings per share.
2023 non-GAAP NOEPS guidance of $1.54 to $1.60 was reaffirmed, with growth of 6-8% through 2027.
Annual rate base growth of 8-10% is expected, driven by $15 billion of capital expenditures during the 2023-27 period.
Nisource
Nisource
Forward Guidance
NiSource reaffirms its non-GAAP NOEPS guidance of $1.54 to $1.60 in 2023 and growth of 6-8% through 2027.