AI English summary of an SEC filing — figures as filed
The company said that for 2023, GAAP net income available to common shareholders was $661.7 million ($1.48 per diluted share), compared with $749.0 million ($1.70 per diluted share) for 2022.
Key points
AI summaryThe company said that for 2023, GAAP net income available to common shareholders was $661.7 million ($1.48 per diluted share), compared with $749.0 million ($1.70 per diluted share) for 2022.
NiSource said non-GAAP net operating earnings available to common shareholders for 2023 were $716.3 million ($1.60 per diluted share), compared with $648.2 million ($1.47 per diluted share) for 2022.
For 2023, the company reported adjustments including a weather impact compared with normal of $60.6 million and a preferred stock redemption premium of $9.8 million. The tax effect was $(15.8) million, and the total adjustments to net income were $54.6 million.
The company said it raised its 2024 non-GAAP NOEPS outlook to $1.70-1.74 from the prior $1.68-1.72. It also said the 5-year $16 billion base capital expenditure plan drives annual non-GAAP NOEPS growth of 6 to 8%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
2023 GAAP Results
The company said that for 2023, GAAP net income available to common shareholders was $661.7 million ($1.48 per diluted share), compared with $749.0 million ($1.70 per diluted share) for 2022.
Source · Based on the filing body and exhibits
2023 Non-GAAP Net Operating Earnings
NiSource said non-GAAP net operating earnings available to common shareholders for 2023 were $716.3 million ($1.60 per diluted share), compared with $648.2 million ($1.47 per diluted share) for 2022.
Source · Based on the filing body and exhibits
GAAP to Non-GAAP Adjustment Items
For 2023, the company reported adjustments including a weather impact compared with normal of $60.6 million and a preferred stock redemption premium of $9.8 million. The tax effect was $(15.8) million, and the total adjustments to net income were $54.6 million.
Source · Based on the filing body and exhibits
2024 Non-GAAP NOEPS Outlook
The company said it raised its 2024 non-GAAP NOEPS outlook to $1.70-1.74 from the prior $1.68-1.72. It also said the 5-year $16 billion base capital expenditure plan drives annual non-GAAP NOEPS growth of 6 to 8%.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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