NiSource Inc. NI reported third-quarter 2022 operating earnings per share (EPS) of 10 cents, lagging the Zacks Consensus Estimate and the year-ago quarter’s earnings by a penny, respectively.On a GAAP basis, NiSource reported third-quarter 2022 EPS of 12 cents, on par with the year-ago quarter’s levels.Total RevenuesOperating revenues of $1,089.5 million surpassed the Zacks Consensus Estimate of $997 million by 9.3%. The top line increased 13.6% from $959.4 million in the prior-year quarter. NiSource, Inc Price, Consensus and EPS Surprise NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote Highlights of the ReleaseTotal operating expenses in the third quarter amounted to $932.8 million, up 14.8% from the year-ago quarter’s $812.3 million due to higher energy costs.The operating income was $156.7 million, up 6.5% from the year-ago quarter’s figure of $147.1 million.Net interest expenses in the reported quarter were $91.6 million, up 8.5% from the prior-year quarter’s figure of $84.4 million.Financial UpdateNiSource's cash and cash equivalents as of Sep 30, 2022, were $35.8 million, down from $84.2 million as of Dec 31, 2021. NiSource had $0.9 billion in net available liquidity as of Sep 30, 2022.Long-term debts (excluding amounts due within a year) as of Sep 30, 2022, were $9,521.2 million compared with $9,183.4 million as of Dec 31, 2021.Net cash flows from operating activities in the first nine months of 2022 were $1,523 million compared with $1,292.8 million in the same period of 2021.GuidanceNiSource narrowed its 2022 non-GAAP net operating earnings guidance to the range of $1.44-$1.46 from the earlier range of $1.42-$1.48 per share. The company expects earnings to witness a CAGR of 6-8% from 2021 through 2027, including a near-term annual growth rate of 5-7% through 2023. NiSource initiated 2023 non-GAAP EPS guidance in the range of $1.50-$1.57.NiSource expects its 2022 and 2023 capital expenditure to be in the range of $2.4-$2.7 billion and $2.8-$3.1 billion, respectively,NiSource remains on track to make capital investments totaling nearly $15 billion in 2023-2027. Capital investments for renewable projects of $2.2 billion are expected.Zacks RankNiSource currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesNextEra Energy, Inc. NEE reported third-quarter 2022 adjusted earnings of 85 cents per share, beating the Zacks Consensus Estimate of 79 cents by 7.6%.The Zacks Consensus Estimate for NEE’s fourth-quarter earnings per share is 56 cents, implying growth of 36.6% from the year-ago quarter’s reported number.FirstEnergy Corporation FE delivered third-quarter 2022 operating earnings per share (EPS) of 79 cents, beating the Zacks Consensus Estimate of 77 cents by 2.6%.The Zacks Consensus Estimate for FE’s fourth-quarter earnings per share is 53 cents, indicating growth of 3.92% from the year-ago quarter’s reported figure.Xcel Energy Inc. XEL posted third-quarter 2022 operating earnings of $1.18 per share, lagging the Zacks Consensus Estimate by 1.7%.The Zacks Consensus Estimate for XEL’s fourth-quarter earnings per share is 67 cents, suggesting growth of 15.5% from the year-ago quarter’s actuals. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Xcel Energy Inc. (XEL): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report NiSource, Inc (NI): Free Stock Analysis Report FirstEnergy Corporation (FE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research