WASHINGTON (dpa-AFX) - (Adds Outlook)

NiSource Inc. (NI) revealed earnings for fourth quarter that decreased from last
year and missed the Street estimates.

The company's bottom line totaled $225.6 million, or $0.50 per share. This
compares with $230.8 million, or $0.52 per share, in last year's fourth quarter.

Excluding items, NiSource Inc. reported adjusted earnings of $239.3 million or
$0.53 per share for the period.

Analysts on average had expected the company to earn $0.54 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

For fiscal 2024, NiSource lifted its adjusted net operating earnings per share
guidance and now expects $1.70 to 1.74, compared to previously expected $1.68 to
1.72 per share.

The Street is looking for earnings of $1.70 per share for the year.

The company said the 5-year $16 billion base capital expenditure plan drives
2023-2028 annual rate base growth of 8-10% and annual adjusted net operating
earnings per share growth of 6-8%.

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