NiSource (NI) Q3 Earnings Beat Estimates, Revenues Fall Y/Y

EXC AEE NI ALE

NiSource Inc. (NI - Free Report) reported third-quarter 2023 operating earnings per share (EPS) of 19 cents, which surpassed the Zacks Consensus Estimate of 14 cents by 35.7%. The bottom line increased 90% from the year-ago quarter’s recorded figure of 12 cents.

On a GAAP basis, the company reported EPS of 17 cents compared with 12 cents in the prior-year quarter.

Total Revenues

Operating revenues of $1,027.4 million missed the Zacks Consensus Estimate of $1,057 million by 2.8%. The top line also decreased 5.7% from the prior-year quarter’s figure of $1,089.5 million.

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."

Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention. 

See them now >>