NiSource raises FY25 adjusted EPS view to $1.85-$1.89 from $1.84-$1.88

Consensus is for FY25 EPS $1.86. FY25 base capital expenditure plan is increased to $19.4M, a $100 million increase versus the prior $19.3B. This is expected to result in 8%-10% rate base growth and non-GAAP adjusted EPS growth of 6%-8% annually for the 2025-2029 period.