NiSource (NYSE:NI) Releases Quarterly Earnings Results

NiSource (NYSE:NI) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04, FiscalAI reports. NiSource had a return on equity of 8.16% and a net margin of 13.56%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $0.19 earnings per share.

Here are the key takeaways from NiSource’s conference call:

• NiSource raised confidence in its outlook, reporting third-quarter adjusted EPS of $0.27 versus $0.19 a year ago and narrowing 2026 guidance to the upper half of $2.02–$2.07. The company initiated 2027 guidance of $2.22–$2.30 per share.
• The Microsoft agreement expands GenCo with approximately 1,100 megawatts of combustion turbines and battery storage under a 20-year contract, bringing signed agreements to five across three major technology customers. NiSource expects these agreements to generate approximately $1.75 billion in savings for existing NIPSCO electric customers, or about $140 annually per average residential customer at full ramp, pending regulatory approval.
• NiSource extended its capital plan through 2033 to $40 billion, including $32 billion for the base utility business and approximately $8 billion for GenCo. Management now targets 10%–11% consolidated adjusted EPS CAGR through 2033, with GenCo expected to contribute $0.52–$0.68 of EPS by 2033.
• Management said the base business continues to support 6%–8% annual EPS growth, while more than 90% of planned investments are expected to receive initial recovery within 12 months. The plan assumes $400 million–$600 million of annual maintenance equity issuance in the near term, declining to minimal levels beginning in 2032.
• A severe August derecho in northern Indiana caused significant system damage and elevated third-quarter operating costs, prompting internal, third-party, and regulatory reviews. NiSource is also facing ongoing regulatory uncertainty around affordability, authorized returns, tracker mechanisms, coal-unit operations, and potential additional spending on storm hardening and resiliency.

NiSource Price Performance

Shares of NiSource stock traded down $0.16 during trading on Friday, reaching $44.59. 2,946,129 shares of the company’s stock were exchanged, compared to its average volume of 4,791,157. The company has a market cap of $21.38 billion, a P/E ratio of 22.87, a PEG ratio of 3.26 and a beta of 0.55. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.50. The firm’s 50-day moving average price is $41.15 and its 200 day moving average price is $44.82. NiSource has a 1-year low of $38.42 and a 1-year high of $49.21.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a $0.30 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

Analyst Ratings Changes

A number of research firms have issued reports on NI. BMO Capital Markets raised their target price on NiSource from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, October 19th. Mizuho dropped their price target on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. LADENBURG THALM/SH SH reduced their price target on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a report on Monday, August 17th. JPMorgan Chase & Co. lowered their target price on shares of NiSource from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Finally, HSBC initiated coverage on NiSource in a research report on Thursday, October 22nd. They set a “buy” rating and a $49.50 price target on the stock. Thirteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.68.

Insider Buying and Selling

In other news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

NiSource Company Profile

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.