NiSource (NiSource) EBIT

: $1,315 Mil (TTM As of Dec. 2023)

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NiSource's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $380 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,315 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NiSource's annualized ROC % for the quarter that ended in Dec. 2023 was 4.14%. NiSource's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NiSource's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.29%.

NiSource EBIT Historical Data

The historical data trend for NiSource's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NiSource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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885.90

339.70

1,050.00

1,328.60

1,315.10

NiSource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															398.30	532.50	170.90	231.40	380.30

Competitive Comparison

For the Utilities - Regulated Gas subindustry, NiSource's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NiSource EV-to-EBIT Distribution

For the Utilities - Regulated industry and Utilities sector, NiSource's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where NiSource's EV-to-EBIT falls into.

NiSource EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,315 Mil.

NiSource (NYSE:NI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NiSource's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1464 * ( 1 - 15.72% )	/	( (29106.7	+	30523.3)	/ 2 )
=	1233.8592	/	29815
=	4.14 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	27828.2	-	1301.5	-	( 56	-	max(0, 4395.4	-	1815.4	+	56	))
=	29106.7

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	31077.2	-	1319.6	-	( 2245.4	-	max(0, 5265.1	-	4499.4	+	2245.4	))
=	30523.3

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

NiSource's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1521.2	/	( ( (21712 + max(-427.1, 0))	+	(22274.9 + max(-4.7000000000015, 0)) )	/	2 )
=	1521.2	/	( ( 21712	+	22274.9 )	/	2 )
=	1521.2	/	21993.45
=	6.92 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(569.6	+	541.5	+	610.5)	-	(1301.5	+	286.6	+	560.6)
=	-427.1

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(862	+	503.2	+	822.8)	-	(1319.6	+	294.4	+	578.7)
=	-4.7000000000015

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NiSource's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1315.1	/	24882.006
	=	5.29 %

NiSource EBIT Related Terms

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NiSource (NiSource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NiSource Inc (NYSE:NI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NIpB.PFD:USA NOU:Germany

Address

801 East 86th Avenue, Merrillville, IN, USA, 46410

Website

https://www.nisource.com

NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.

Executives

Michael E Jesanis	director	C/O NISOURCE INC., 801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Lloyd M Yates	director	1N 2ND ST, HARTSVILLE SC 29550
Melody Birmingham	officer: EVP & Chief Innovation Officer	550 S. TRYON STREET, CHARLOTTE NC 28202
Donald Eugene Brown	officer: Executive Vice President	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
William Jr. Jefferson	officer: EVP Operations & CSO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Kimberly S Cuccia	officer: VP, Interim GC & Corp Sec	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael Luhrs	officer: EVP, Strategy & Risk & CCO	P.O. BOX 14720, MADISON WI 53708-0720
Melanie B. Berman	officer: SVP & CHRO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
William D Johnson	director	77 BEALE ST, PO BOX 770000, SAN FRANCISCO CA 94177
Cassandra S. Lee	director	7615 ZIONSVILLE RD, INDIANAPOLIS IN 46268
Sondra L Barbour	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Eric L Butler	director	1400 DOUGLAS STREET, STOP 1210, OMAHA NE 68179
Daniel A Creekmur	officer: SVP & President, Gas Utilities	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Michael Hooper	officer: SVP and President, NIPSCO	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Pablo Vegas	officer: EVP & President Columbia Gas	801 E. 86TH AVENUE, MERRILLVILLE IN 46410