NiSource Inc

NI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$73.00	Vkkbkm	Sddyfskxk

NiSource Earnings: Executing Growth Plan After Finalizing Minority Interest Sale

Travis Miller

Aug 2, 2023

We are reaffirming our $33 fair value estimate for NiSource after the company reported $0.11 per share of weather-adjusted operating earnings in the second quarter, down from $0.12 in the second quarter of 2022. First-half earnings are up 1% and on track to meet our full-year expectations for 7% growth given the large revenue step-ups that will take effect in the second half of the year. We are reaffirming our narrow moat rating.

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