The following is a summary of the NiSource Inc. (NI) Q1 2024 Earnings Call Transcript:

Financial Performance:

• NiSource reported Q1 2024 adjusted EPS of $0.85, a 10% increase from the $0.77 reported in the same period last year.

• The company reaffirmed its 2024 adjusted EPS guidance of $1.70 to $1.74.

• The company has a $16.4 billion base CapEx plan for the next five years, with upside projects worth over $1.5 billion.

• NiSource's total year-end 2023 rate base of $18.8 billion consists of $9 billion in Indiana, $4 billion in Ohio, $3 billion in Pennsylvania, and over $1 billion in Virginia.

• The company has pledged to keep customer bill growth at or below 4% during the next five-year period.

Business Progress:

• NiSource is anticipating strong growth in their system over the next five years due to data centers and reshoring of manufacturing.

• Both engineering design and process-based solutions have been implemented to improve their gas system safety.

• NiSource has a multi-year technology investment initiative aimed at improving reliability and cost savings for customers.

• A rate case has been filed in Pennsylvania and NiSource believes it will not impact the company's financial outcomes negatively.

• NiSource is actively involved with PHMSA rulemaking, with finalized rules expected by the end of 2024, potentially driving additional capital gains.

More details: NiSource IR

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