I'm XX. fourth is Thanks, diluted period the increase or in operating from interest million million Non-GAAP O&M offset capital excited share in by financial or by in up XXXX. regulatory driven Michael, modest This non-tracked mechanisms, $XXX increase share on diluted $X.XX same $XXX to a everyone. per expense. XXXX Slide the were earnings earnings morning, and per higher results and partly recovering in investment, our $X.XX good quarter net share
million partly higher and by period, year, share, and non-GAAP earnings $XXX returns the depreciation interest we were $XXX revenue of $X.XX net or in respectively. per from regulated Across expense income. expense, full For million lower $X.XX other XXXX, reported diluted operating up this offset
results. On Slide of XX, key and you'll detail segment drivers find our
of deployed safety regulated returns, the $X.X year, infrastructure $XXX net and systems. and $XXX of to Capital points reliability non-GAAP continues approximately million million growing strong our a for For as earnings. our a with NiSource. of count segments, rate results an in regulatory consolidated operating basis full across corporate drove cases and customer basis to electric in lift earlier, XX Lloyd scale residential increase our business expenditures, accounting billion each for through both of of the highlighted which operating across enhance businesses gas, activity our This increase projects last affordability. income across fuel energy gas to we base in in our fuel also in increased trackers capital our provided and businesses very and customer over growing points a XXXX the supports Demand financial electric jurisdictions, and year, be our over enhance XX customer
Economic of And Midwest. development collaboration example investors Ohio. continues this can the customers, better thrive how to communities is there in in and no benefit
energy representing computing of projects state nearly Central with more. storage, Ohio's focused in investment advanced pursued operations recent XXX,XXX The of range and majority to into Ohio In momentum of projects being $XX new diverse our development million the including thousands XXXX which many nearly opportunities billion are industries, there serve jobs Public-private logistics, of and billions were for operations as communities. center. Our This dollars are Columbus a to to active by invest has manufacturing vehicles, over the today semiconductors, sciences, sectors, future more alone, success. continues facilities these X.X of central propelled being potential life XX economic create with in customers brought electric development Ohio are committed. supported XXX partnership
Additionally, the is manufacturing metro development see to Intel and the the and a demand, by chip value corporate as by strong Energy with will an NiSource growing and development and joint create average population years, This an X.X% onshoring an Ohio investment will venture plan facility. XX% our driven and grows such Midwest LG support critical residential stakeholder these develop. healthy manufacturing policy upside Honda boosted annually grow additional supplier for construction, expected mega and and Ohio's to continue secondary success over from enhance currently XXXX grew can Broad population which last housing activity downstream as economies. under to is and new projects to economic Central by prospects. fuel businesses of XX for
which economic investments communities investment that including spur regulatory in jobs constructive tax programs base. states, to local Our across region, and infrastructure encourage benefit from create enhance energy our mechanisms numerous development our
several foundation Switching which financial drivers, value to commitments. key Slide the XX, I'd like long-term to our represent highlight of
We our compared midpoint net have results. growth XXXX November. midpoint the range earnings to actual range now by the X.X% a operating non-GAAP rate represents for year-over-year at from increased share XXXX per in $X.XX introduced This guidance
of and by from regulatory NOEPS expected of prior is to demand growth of of XXXX underpin costs and X% expectation plan our driven X% infrastructure build The driven and to it capital across the expenditures, revenues along to strength residential growth over programs, to deliver revised our customer guidance forecast. primarily annual activity base This to the XX% X% horizon. XXXX year the average investment to growth our enhanced financing X% growth rate These lower relative drivers, approximate non-GAAP is to customer with continue is on period. billion by to $XX and below annual
using XXXX. II in tax structure. a last includes update, Cavalry capital plan service in XXXX, in Finally Gibson with our expected of our financing in consistent be in Dunns full and Bridge base ownership expected to service Fairbanks projects Solar continue and equity
these includes as electric plan investments, and full earlier. which as associated with of Michael well upside incremental ownership projects CapEx detailed gas Our
plan is outlined our which remains unchanged financing mid-November from XX, update. Our Slide on
to update, period ATM As annually our and maintenance capital to continue we million to outlined base XXXX $XXX that $XXX to million plan. issue up equity XXXX in in in equity to we XXXX $XXX to the in million ATM support of expect
at-the-market should include flexibility we execute. they program, our to of Within operation to bilateral discrete small transactions the retain efficient the be
to to ratio commitment an We of through to XX% reaffirm to XX% XXXX. also continue our FFO debt
range targeted our a to In XX% of dividend, dividend annual our This last X% for authorized our ratio payout year. which the stated with the annual Directors increase consistent projects of authorized dividend bottom XX%. January, our half at Board is to increase of
be capital We thoughtful will allocation cost high continue capital to in about the of environment.
stakeholder The conclude commitments. presentation and slides our our final on focus will X execution of
First, XXXX, in execution on November of and plan execution Lloyd you our we touched in of represents track multiyear full of premium growth of plan. XXXX. of each the record the this this year continued with shared and business
through We approvals. of superior execution optimizing and general while stakeholder our amendments our tracker and We capital the foundation rate regulatory cost X continue profile. on and to safety numerous long-term prioritize built CPCN cases
keep over we the the employees afforded through our support and During communities billion and safe interest minority balance sheet to our year, invested enhancing all $X.X our sale. while customers the
by We team, are NiSource proud rate of including growth our the execution entire achieving the the delivered high range. X% a year-over-year end landing at of and guidance
year results our each execute move of and we fuel All forward. every as and these our of long-term to the visibility investments confidence
results. which growth rate, business future the the in turn, XXXX plan. our execute investments strong of plan. investments the NOEPS confidence underlying year investment which our non-GAAP coupled plan, higher our compared has with by we range identifiable in executed guidance NOEPS guidance share we XXXX Slide achieved X.X% the to an CAGR forward by We've we've regulatory rebased This our this of the in Each XXXX, of X% as now doing by business upgraded in accomplished reasonable regulatory X to this, over each of enables achieving our an jurisdictions, since over each The potential average plan, NiSource's guidance a enhances we've is future this this As upper off financial year as of year. we've actual we already with on sector, growth, expect forward, keep of last upwards our done exemplified is in differentiated each XX, return these important. supported in in strong the in And which, supports rebasing those move and earnings NOEPS annual enable range programs, delivered years, results. responsible half construct and X% XXXX we midpoint range of XXXX's implied NiSource.
The strong this
to of continue future X last which over excited the remain to track industry prospects the We about was conditions years. ever. and confident across and as growth. the our execution a resilient NiSource changing business plan building record this, stronger are commitments are of than We the is business rapidly our utility seen Despite
NiSource. Thank your open like this to interest to you in and time morning questions. that, the with I'd for your And your call
