AI English summary of an SEC filing — figures as filed
The company said net income available to common shareholders on a GAAP basis for the three months ended June 30, 2024 was $85.8 million, or $0.19 per diluted share. For the same period in 2023, it was $39.9 million, or $0.09 per share.
Key points
AI summaryThe company said net income available to common shareholders on a GAAP basis for the three months ended June 30, 2024 was $85.8 million, or $0.19 per diluted share. For the same period in 2023, it was $39.9 million, or $0.09 per share.
NiSource said non-GAAP adjusted net income available to common shareholders for Q2 2024 was $94.7 million, and adjusted EPS was $0.21. For the same period in 2023, it was $50.3 million, with adjusted EPS of $0.11.
The company listed Q2 2024 adjustments that included Weather - compared to normal of 12.1 million and a tax effect of (3.2) million, with total adjustments of 8.9 million, the company said. The preferred dividends redemption premium for the same quarter was 0.
The company said it reaffirmed its 2024 adjusted EPS guidance of $1.70 to 1.74, as well as its 2023-2028 annual adjusted EPS growth of 6 to 8% and annual rate base growth of 8 to 10%. It said the 2024-2028 base capital expenditure plan is $16.4 billion.
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.
Q2 2024 GAAP net income
The company said net income available to common shareholders on a GAAP basis for the three months ended June 30, 2024 was $85.8 million, or $0.19 per diluted share. For the same period in 2023, it was $39.9 million, or $0.09 per share.
Source · Based on the filing body and exhibits
Q2 non-GAAP adjusted net income and adjusted EPS
NiSource said non-GAAP adjusted net income available to common shareholders for Q2 2024 was $94.7 million, and adjusted EPS was $0.21. For the same period in 2023, it was $50.3 million, with adjusted EPS of $0.11.
Source · Based on the filing body and exhibits
Adjustments between GAAP and adjusted net income
The company listed Q2 2024 adjustments that included Weather - compared to normal of 12.1 million and a tax effect of (3.2) million, with total adjustments of 8.9 million, the company said. The preferred dividends redemption premium for the same quarter was 0.
Source · Based on the filing body and exhibits
2024 adjusted EPS guidance reaffirmed and capital expenditure plan
The company said it reaffirmed its 2024 adjusted EPS guidance of $1.70 to 1.74, as well as its 2023-2028 annual adjusted EPS growth of 6 to 8% and annual rate base growth of 8 to 10%. It said the 2024-2028 base capital expenditure plan is $16.4 billion.
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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