Q3 2023 Earnings Summary
Reported on Jan 4, 2025 (Before Market Open)
Pre-Earnings Price$25.16Last close (Oct 31, 2023)
Post-Earnings Price$25.27Open (Nov 1, 2023)
Price Change
$0.11(+0.44%)
- NiSource is confident in maintaining its 6% to 8% long-term EPS growth, supported by programmatic investments and effective regulatory mechanisms, even in the current market environment with flat commodity prices and higher interest rates.
- The partnership with Blackstone is expected to unlock additional growth opportunities, including economic development, onshoring manufacturing, and increasing NIPSCO's load, which could enhance revenue and profitability for NiSource.
- Renewable projects are progressing as planned without significant supply chain disruptions, with expected in-service dates on track, contributing to NiSource's clean energy transition and cost benefits to customers.
- NiSource's increased capital expenditure plans, including an additional $1.15 billion from 2024 to 2027, may pressure their financing needs and could lead to higher debt levels or equity dilution.
- The company's financing plan assumes raising $863 million through the remarketing of equity units in 2023; failure to execute this may challenge their financing strategy or require adjustments to capital expenditures, potentially impacting growth.
- NiSource's financial projections are based on natural gas prices of $4 per MMBtu, higher than current prices of $2 to $3; if gas prices remain low, this could affect earnings projections and customer bill assumptions, impacting financial performance.