NYSE$NI
Nisource Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
NiSource's Q2 2023 earnings reflect a slight decrease in both GAAP and non-GAAP earnings per share compared to the same period last year, but the company raised its 2023 EPS guidance and reaffirmed long-term growth commitments.
NiSource reported a decrease in GAAP net income and diluted earnings per share for Q2 2023 compared to Q2 2022. Non-GAAP net operating earnings also saw a slight decrease. However, the company raised its 2023 non-GAAP NOEPS guidance to the upper half of $1.54 to $1.60 and reaffirmed its annual non-GAAP NOEPS growth target of 6-8% through 2027.
- NiSource's 2023 EPS guidance raised to the upper half of the range, reaffirming long-term growth commitments.
- Leading regulatory execution continues in both electric and gas businesses.
- NIPSCO minority sale agreement with Blackstone Infrastructure Partners announced, expected to close by year-end.
- Columbia Gas of Ohio has been awarded the Most Trusted Utility Brand Award for 2023 by Escalent for the second consecutive year.
Headline financials
Revenue & EPS history
Nisource · Revenue · Quarterly
$1.09B
Forward guidance
NiSource is raising 2023 non-GAAP NOEPS guidance to the upper half of $1.54 to $1.60. Annual non-GAAP NOEPS growth of 6-8% through 2027 is reaffirmed. Annual rate base growth of 8-10% is driven by $15 billion of capital expenditures anticipated during the 2023-27 period.
Tailwinds
- The increased 2023 earnings expectations underscore our focus and ability to deliver on our financial commitments while supporting the growth and reliability of our energy systems.
- Partnership with Blackstone Infrastructure Partners marks yet another example of NiSource’s steadfast execution.
- Transaction enables to support ongoing investments in the state of Indiana and strengthens balance sheet and financial flexibility.
- The request seeks to recover approximately $40 million in capital invested in improving system safety and reliability through the 12-months ended July 2023.
- The base rate adjustment approval authorizes recovery of approximately $390 million of capital invested during the 2021 through 2023 period.
Headwinds
- Fluctuations in weather
- Impact of asset sales and impairments
- Unusual or infrequent items included in GAAP results
- Economic conditions in certain industries
- Potential impairments of goodwill
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.2%
Avg return
30 days after
55%
35 / 64 earnings
Positive
+4.6%
Q3 2020
Best reaction
-6.6%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | -3.0% | -3.3% | |
| Q4 2025 | -0.2% | +3.6% | +5.9% | |
| Q3 2025 | -2.2% | -1.9% | +1.7% | |
| Q1 2025 | +3.0% | -2.6% | -0.2% | |
| Q4 2024 | +1.0% | +3.3% | +2.7% | |
| Q3 2024 | +1.3% | +0.8% | +2.2% | |
| Q2 2024 | +0.4% | +2.0% | +7.3% | |
| Q1 2024 | -0.7% | -1.7% | +0.7% | |
| Q4 2023 | +1.7% | +1.8% | -1.6% | |
| Q3 2023 | +2.5% | +0.5% | +4.1% | |
| Q2 2023 | -1.9% | -2.9% | -3.3% | |
| Q1 2023 | +1.6% | +1.9% | -4.1% | |
| Q4 2022 | +3.5% | +2.0% | -0.7% | |
| Q3 2022 | -3.7% | -0.3% | +6.9% | |
| Q2 2022 | -0.8% | -0.7% | -1.8% | |
| Q1 2022 | +1.2% | +1.7% | +8.5% | |
| Q4 2021 | -0.1% | +2.0% | +9.8% | |
| Q3 2021 | +1.3% | +1.3% | +1.5% | |
| Q2 2021 | +0.5% | -0.3% | -1.0% | |
| Q1 2021 | -0.7% | +2.0% | -1.7% | |
| Q4 2020 | +2.1% | +0.0% | +5.9% | |
| Q3 2020 | +4.6% | +1.1% | +7.2% | |
| Q2 2020 | +0.8% | +2.7% | -7.7% | |
| Q1 2020 | -6.6% | -4.2% | +2.2% | |
| Q4 2019 | -3.8% | +0.6% | -12.8% | |
| Q3 2019 | +2.7% | +0.0% | -3.1% | |
| Q2 2019 | +1.6% | -5.0% | -0.1% | |
| Q1 2019 | -0.7% | +0.4% | +0.3% | |
| Q4 2018 | -1.9% | -1.8% | +6.2% | |
| Q3 2018 | +0.3% | +2.9% | +4.2% | |
| Q2 2018 | +0.4% | +2.3% | +3.4% | |
| Q1 2018 | +4.3% | +3.9% | +0.9% | |
| Q4 2017 | -2.9% | +0.5% | -0.4% | |
| Q3 2017 | +2.2% | +3.2% | +3.6% | |
| Q2 2017 | +1.0% | +0.5% | +2.4% | |
| Q4 2016 | -1.8% | -0.9% | +7.8% | |
| Q1 2017 | +0.2% | +0.6% | +8.7% | |
| Q3 2016 | -5.0% | -5.8% | -6.7% | |
| Q2 2016 | -1.8% | -3.7% | -7.7% | |
| Q1 2016 | +2.5% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | -3.7% | — | — | |
| Q1 2015 | -0.3% | — | — | |
| Q4 2014 | +2.2% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | -3.3% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | +0.8% | — | — | |
| Q1 2013 | -1.7% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q2 2012 | -1.0% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q2 2011 | +2.4% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q3 2010 | -1.6% | — | — | |
| Q2 2010 | +0.0% | — | — | |
| Q1 2010 | -2.7% | — | — |
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