NiSource (NYSE:NI) Issues Quarterly Earnings Results

NiSource (NYSE:NI) posted its earnings results on Wednesday. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16, FiscalAI reports. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.15 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. 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 Trading Down 4.4%

NI stock traded down $1.95 during midday trading on Wednesday, reaching $42.58. The company’s stock had a trading volume of 9,636,882 shares, compared to its average volume of 4,384,349. The business’s 50-day simple moving average is $46.56 and its 200-day simple moving average is $46.44. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. NiSource has a 52 week low of $38.45 and a 52 week high of $49.21. The stock has a market cap of $20.42 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 3.25 and a beta of 0.55.

NiSource Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the transaction, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Melanie B. Berman sold 15,000 shares of the company’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 of the company’s stock, valued at $1,716,003.20. This represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders 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

Several hedge funds have recently bought and sold shares of the company. Strive Financial Group LLC acquired a new position in shares of NiSource in the 4th quarter valued at $26,000. Zions Bancorporation National Association UT raised its stake in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after buying an additional 330 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in NiSource during the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC bought a new position in NiSource during the fourth quarter worth about $28,000. Finally, DV Equities LLC acquired a new position in NiSource in the fourth quarter valued at about $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource News Roundup

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NI shares. Wells Fargo & Company increased 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. BMO Capital Markets lowered their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Evercore set a $52.00 price target on shares of NiSource in a research note on Monday, May 11th. Finally, Barclays raised their price target on shares of NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $50.30.

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.