NiSource (NYSE:NI – Get Free Report) released its earnings results on Wednesday. The utilities provider reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16, FiscalAI reports. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. NiSource updated its FY 2026 guidance to 2.020-2.070 EPS.
Here are the key takeaways from NiSource’s conference call:
- 2026 guidance was reaffirmed at adjusted EPS of $2.02–$2.07, with management maintaining its 6%–8% annual base-plan EPS growth target through 2030 and 9%–10% consolidated EPS CAGR target through 2033.
- NiSource advanced its data-center strategy through IURC approvals for Amazon and Alphabet agreements. The contracts are expected to provide approximately $1.4 billion in cumulative bill reductions for existing NIPSCO electric customers, with savings potentially beginning in the fourth quarter.
- Large-load demand remains strong, with 3 gigawatts in active negotiations and approximately 2 gigawatts of additional potential customers behind the existing 9-gigawatt pipeline; management is also evaluating ways to expand capacity beyond that pipeline.
- Second-quarter adjusted EPS declined to $0.16 from $0.22 year over year, as higher storm-related operating costs and expenses associated with maintaining workforce continuity during union negotiations offset rate and recovery-mechanism benefits.
- An Indiana regulatory order did not approve recovery through the requested natural-gas tracker at this stage, requiring NiSource to better demonstrate project benefits; management said it will pursue recovery through other mechanisms, including FMCA proceedings and future rate cases, without changing its capital or EPS outlook.
NiSource Stock Up 1.0%
Shares of NiSource stock traded up $0.44 on Thursday, hitting $43.35. The company had a trading volume of 5,650,195 shares, compared to its average volume of 4,418,013. The firm has a market capitalization of $20.78 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.25 and a beta of 0.55. NiSource has a twelve month low of $38.45 and a twelve month high of $49.21. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The stock has a 50-day moving average of $46.47 and a 200-day moving average of $46.43.
NiSource Announces Dividend
Insiders Place Their Bets
In other NiSource news, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On NiSource
Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after buying an additional 11,452 shares in the last quarter. Woodline Partners LP boosted its position in NiSource by 41.6% during the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after purchasing an additional 11,671 shares during the period. Acadian Asset Management LLC acquired a new position in NiSource in the 1st quarter valued at about $105,000. Bank of Nova Scotia increased its stake in shares of NiSource by 0.5% during the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock worth $1,986,000 after purchasing an additional 266 shares during the period. Finally, AXA S.A. bought a new stake in shares of NiSource in the second quarter valued at about $1,054,000. Institutional investors own 91.64% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. 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 target on the stock. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wells Fargo & Company raised their target price on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, KeyCorp lowered their price target on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.30.
Read Our Latest Analysis on NiSource
Trending Headlines about NiSource
Here are the key news stories impacting NiSource this week:
- Positive Sentiment: NiSource reported second-quarter adjusted EPS of $0.16, matching the broader consensus and exceeding the Zacks estimate of $0.15. Revenue reached $1.34 billion, well above the $1.15 billion consensus, helped by gains at NIPSCO. NiSource Q2 Earnings Top Estimates on NIPSCO Gains, Data Center Demand
- Positive Sentiment: The company reaffirmed its 2026 adjusted EPS guidance of $2.02-$2.07 and maintained its target for 9%-10% adjusted EPS compound annual growth through 2033. NiSource also reiterated its $28.6 billion 2026-2030 capital plan, including $7.6 billion for strategic data-center infrastructure. Amazon and Alphabet agreements are expected to deliver $1.4 billion in savings for existing customers. NiSource Reaffirms 2026 EPS and Growth Targets
- Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating, but the guidance midpoint of $2.045 is slightly below the $2.06 consensus estimate, limiting the impact of the reaffirmation. NiSource Given Consensus Moderate Buy Rating
- Negative Sentiment: GAAP net income fell to $45.5 million, or $0.09 per diluted share, from $102.2 million, or $0.22, a year earlier. Adjusted EPS also declined from $0.22 to $0.16, while Columbia results were weaker, prompting the market’s cautious reaction despite the revenue beat. NiSource Q2 GAAP Net Income Falls
- Negative Sentiment: Recent insider activity shows six reported open-market sales and no purchases during the past six months, which may add to investor caution. NiSource Fades on Results
About NiSource
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.
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