NiSource Non-GAAP EPS of $0.53 in-line; raises FY24 guidance

• NiSource press release (NYSE:NI): Q4 Non-GAAP EPS of $0.53 in-line.
• NiSource is raising 2024 non-GAAP NOEPS guidance to $1.70-1.74 from $1.68-1.72 vs. $1.70 consensus. The 5-year $16 billion base capital expenditure plan drives 2023-2028 annual rate base growth of 8-10% and annual non-GAAP NOEPS growth of 6-8%.

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