NiSource (NYSE:NI) Posts Earnings Results, Beats Estimates By $0.04 EPS

NiSource (NYSE:NI) released its quarterly earnings results on Wednesday. The utilities provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04, FiscalAI reports. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%. During the same period in the previous year, the company posted $0.19 EPS.

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 Stock Performance

Shares of NiSource stock traded up $0.64 on Wednesday, reaching $44.23. 2,879,239 shares of the stock were exchanged, compared to its average volume of 4,757,076. The business has a 50 day moving average price of $41.06 and a two-hundred day moving average price of $44.80. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.22 and a beta of 0.55. NiSource has a twelve month low of $38.42 and a twelve month high of $49.21. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. NiSource’s payout ratio is currently 63.83%.

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the transaction, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. HSBC assumed coverage on NiSource in a research note on Thursday, October 22nd. They issued a “buy” rating and a $49.50 target price on the stock. Weiss Ratings cut shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 22nd. Barclays lowered their price target on shares of NiSource from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada initiated coverage on shares of NiSource in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NiSource from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $48.68.

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.