NiSource Is Reaffirming FY24 Adjusted EPS Guidance Of $1.70-$1.74 Vs. $1.73 Estimate; Sees FY25 Adjusted EPS In Range Of $1.84-$1.88 Vs. $1.85 Estimate
Portfolio Pulse from Benzinga Newsdesk
NiSource reaffirms its FY24 adjusted EPS guidance of $1.70-$1.74 and projects FY25 adjusted EPS in the range of $1.84-$1.88. The company plans a 6-8% annual EPS growth through 2029, driven by $19.3 billion in capital expenditures and 8-10% rate base growth.
October 30, 2024 | 10:38 am
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NiSource reaffirms its FY24 adjusted EPS guidance and projects FY25 EPS growth, with plans for significant capital expenditures and rate base growth through 2029.
NiSource's reaffirmation of its EPS guidance and projection of growth, along with a substantial capital expenditure plan, indicates a positive outlook for the company's financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
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