NiSource Inc. (NI) has reiterated its 2024 adjusted earnings per share (EPS) guidance in the range of $1.70 to $1.74. The company projects consistent annual adjusted EPS growth of 6% to 8% and a rate base growth of 8% to 10% per year for the period spanning 2023 to 2028. Additionally, the base capital expenditure plan for 2024-2028 stands at $16.4 billion.### Q2 Financial Performance:For the second quarter, NiSource reported net income available to common shareholders of $85.8 million, or $0.19 per share, on a Generally Accepted Accounting Principles (GAAP) basis. This is a marked increase from the $39.9 million, or $0.09 per share, recorded in the same period the previous year. On an adjusted basis, the EPS was $0.21, up from $0.11 year-over-year. Analysts, as compiled by Thomson Reuters, had anticipated an EPS of $0.16, typically excluding special items. The company’s operating revenue for the quarter remained steady at $1.10 billion, mirroring last year’s figures.The material has been provided by InstaForex Company – www.instaforex.com
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