NiSource (NYSE:NI) Releases FY 2026 Earnings Guidance

Posted by Francis Steltz on Aug 5th, 2026

NiSource (NYSE:NI – Get Free Report) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.020-2.070 for the period, compared to the consensus estimate of 2.060. The company issued revenue guidance of -.

NiSource Stock Down 4.4%

NYSE:NI traded down $1.94 during trading hours on Wednesday, reaching $42.59. 9,483,793 shares of the company traded hands, compared to its average volume of 4,384,349. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average price is $46.56 and its two-hundred day moving average price is $46.44. NiSource has a 1 year low of $38.45 and a 1 year high of $49.21. The stock has a market capitalization of $20.42 billion, a P/E ratio of 21.20, a P/E/G ratio of 3.25 and a beta of 0.55.

NiSource (NYSE:NI – Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts predict that NiSource will post 2.09 earnings per share for the current year.

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.8%. NiSource’s payout ratio is 59.70%.

Analysts Set New Price Targets

NI has been the topic of several analyst reports. Evercore set a $52.00 target price on shares of NiSource in a research note on Monday, May 11th. Wells Fargo & Company raised their price target on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. KeyCorp decreased their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Royal Bank Of Canada started coverage on NiSource in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Finally, Citigroup increased their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.30.

Read Our Latest Stock Analysis on NiSource

Insider Activity at NiSource

In related news, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,500 shares of company stock valued at $1,305,675 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

Key NiSource News

Here are the key news stories impacting NiSource this week:

Positive Sentiment: NiSource reported second-quarter adjusted EPS of $0.16, in line with the consensus estimate and above one estimate of $0.15, while revenue of $1.34 billion substantially exceeded expectations of $1.15 billion. Gains at NIPSCO helped offset weaker results at Columbia. NiSource Q2 Earnings Top Estimates on NIPSCO Gains, Data Center Demand
Positive Sentiment: The company is maintaining its $28.6 billion 2026–2030 capital investment plan, including $7.6 billion for strategic data-center infrastructure. Agreements with Amazon and Alphabet are expected to advance $1.4 billion in savings for existing customers, supporting NiSource’s long-term growth narrative.
Positive Sentiment: Management reaffirmed its target for 9%–10% compound annual growth in adjusted EPS through 2033. Analysts also maintain a broadly favorable view, with NiSource receiving a consensus “Moderate Buy” rating. NiSource Given Consensus Rating of Moderate Buy
Neutral Sentiment: Fiscal 2026 adjusted EPS guidance remains $2.02–$2.07, close to the $2.06 analyst consensus, suggesting no material upgrade despite the quarterly revenue beat.
Negative Sentiment: GAAP net income available to common shareholders fell to $45.5 million, or $0.09 per share, from $102.2 million, or $0.22 per share a year earlier. Adjusted EPS also declined year over year from $0.22 to $0.16, highlighting ongoing earnings pressure.
Negative Sentiment: The stock’s initial decline indicates investors focused on the year-over-year earnings decline and lack of a guidance increase rather than the quarterly revenue beat. Recent insider activity was also entirely selling, although such transactions are not necessarily performance-related. NiSource Fades on Results

Institutional Investors Weigh In On NiSource

A number of institutional investors and hedge funds have recently bought and sold shares of NI. Compound Planning Inc. boosted its stake in shares of NiSource by 3.7% in the fourth quarter. Compound Planning Inc. now owns 15,045 shares of the utilities provider’s stock worth $628,000 after acquiring an additional 535 shares during the period. Corient Private Wealth LLC lifted its holdings in NiSource by 96.3% in the 4th quarter. Corient Private Wealth LLC now owns 138,863 shares of the utilities provider’s stock worth $5,491,000 after purchasing an additional 68,119 shares in the last quarter. Strive Financial Group LLC bought a new position in NiSource in the 4th quarter worth approximately $26,000. Mercer Global Advisors Inc. ADV grew its holdings in NiSource by 35.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 40,276 shares of the utilities provider’s stock valued at $1,682,000 after buying an additional 10,636 shares in the last quarter. Finally, Achmea Investment Management B.V. grew its holdings in NiSource by 1.0% during the 4th quarter. Achmea Investment Management B.V. now owns 41,624 shares of the utilities provider’s stock valued at $1,738,000 after buying an additional 421 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

About NiSource

(Get Free Report)

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.