NiSource (NYSE:NI – Get Free Report) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04, FiscalAI reports. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm earned $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 Trading Up 1.5%
Shares of NiSource stock traded up $0.65 during trading hours on Wednesday, reaching $44.25. The stock had a trading volume of 2,797,291 shares, compared to its average volume of 4,757,076. The stock’s 50 day moving average is $41.06 and its 200 day moving average is $44.80. NiSource has a twelve month low of $38.42 and a twelve month high of $49.21.
NiSource Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be issued a $0.30 dividend. 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%.
Insider Buying and Selling at NiSource
In related news, EVP Melody Birmingham sold 37,509 shares of the company’s 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
NI has been the subject of several recent research reports. BMO Capital Markets boosted their price target on NiSource from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, October 19th. Weiss Ratings downgraded NiSource from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 22nd. LADENBURG THALM/SH SH lowered their price target on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a report on Monday, August 17th. KeyCorp dropped their price target on NiSource from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, Scotiabank started coverage on shares of NiSource in a report on Tuesday, September 29th. They set a “sector perform” rating and a $43.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.68.
Read Our Latest Stock Analysis on NiSource
About NiSource
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.
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