NiSource Reaffirmed 2024 Adj. EPS Outlook Of $1.70 - $1.74 Vs. $1.72 Consensus
Portfolio Pulse from Benzinga Newsdesk
NiSource has reaffirmed its 2024 adjusted EPS guidance of $1.70-$1.74, aligning closely with the consensus of $1.72. The company also projects annual adjusted EPS growth of 6-8% and rate base growth of 8-10% for 2023-2028, with a capital expenditure plan of $16.4 billion for 2024-2028.
August 07, 2024 | 10:38 am
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NiSource reaffirmed its 2024 adjusted EPS guidance of $1.70-$1.74, aligning with the consensus of $1.72. The company also projects strong annual growth in EPS and rate base for 2023-2028, supported by a substantial capital expenditure plan.
The reaffirmation of the EPS guidance and strong growth projections are positive signals for investors, likely boosting short-term stock prices. The substantial capital expenditure plan further supports future growth.
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