NYSE$NI

Nisource Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

NiSource reported Q4 2022 earnings, exceeding 2022 guidance and raising 2023 guidance.

NiSource announced its 2022 results, with diluted NOEPS topping the guidance range. The company has increased its 2023 guidance and launched the NIPSCO minority interest sale, which is on track for 2023.

  • NiSource reaffirms its commitment to annual non-GAAP NOEPS growth of 6-8% through 2027.
  • The Company is increasing its 2023 guidance to $1.54 to $1.60 non-GAAP NOEPS.
  • Sale process for a minority interest in NIPSCO has officially launched.
  • Construction of the Indiana Crossroads Solar and Dunns Bridge Solar I projects is nearing completion, with both projects expected to be in service in the first half of 2023.

Headline financials

Total Revenue

$5.85B

Previous: $1.41B+315.3%
EPS (adj)

$0.50

Previous: $0.39+28.2%
Net Income

$231M

Previous: $152M+51.6%
Operating Income

$366M

Previous: $284M+28.5%
Gross Profit

$650M

Previous: $549M+18.4%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Nisource · Revenue · Quarterly

$5.85B

Q4 2022+315.3%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

NiSource is committed to annual non-GAAP NOEPS growth and has increased its 2023 guidance.

Tailwinds

  • Increased 2023 guidance to $1.54 to $1.60 non-GAAP NOEPS.
  • Committed to annual non-GAAP NOEPS growth of 6-8% through 2027.
  • Launched sale process for a minority interest in NIPSCO.
  • Focusing on optimizing cost profile and enhancing operational excellence.
  • Already approved investments are the foundation of the plan that enhance the safety, reliability and sustainability of our systems to support new and existing customers.

Headwinds

  • Fluctuations in weather
  • Impact of asset sales and impairments
  • Other items included in GAAP results
  • Economic and capital market conditions or increases in interest rates
  • Inflation

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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