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Sep 30, 2022

Nisource Q3 2022 Earnings Report

NiSource reported mixed results with GAAP EPS flat year-over-year but narrowed 2022 earnings guidance and initiated 2023 guidance.

Key Takeaways

NiSource announced third quarter 2022 results with net income available to common shareholders of $52.0 million, or $0.12 diluted earnings per share, compared to $49.4 million, or $0.12 diluted earnings per share, for the same period of 2021. The company narrowed its 2022 non-GAAP diluted net operating earnings per share (NOEPS) guidance to $1.44 to $1.46 and initiates 2023 guidance of $1.50 to $1.57 non-GAAP diluted NOEPS.

2022 guidance narrowed, 2023 guidance initiated

Regulatory agenda progress continues with electric rate case filed in Indiana, settlement reached in Ohio

Investor Day event scheduled to provide details of the NiSource long-term plan extension

Safety, reliability, customer affordability and sustainability remain top priorities

Total Revenue
$1.09B
Previous year: $959M
+13.6%
EPS
$0.1
Previous year: $0.11
-9.1%
Gross Profit
$411M
Previous year: $400M
+2.7%

Nisource

Nisource

Forward Guidance

NiSource narrows its 2022 non-GAAP diluted net operating earnings per share (NOEPS) guidance to $1.44 to $1.46. The company also initiates 2023 guidance of $1.50 to $1.57 non-GAAP diluted NOEPS, consistent with its previous 5-7% annual growth commitment.