NiSource (NYSE:NI) Issues Quarterly Earnings Results

NiSource (NYSE:NI) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16, FiscalAI reports. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period in the prior year, the business posted $0.22 EPS. 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 Performance

NI stock traded down $1.97 during trading hours on Wednesday, hitting $42.56. 9,111,345 shares of the stock were exchanged, compared to its average volume of 4,379,315. NiSource has a 12 month low of $38.45 and a 12 month high of $49.21. 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 firm has a market capitalization of $20.41 billion, a P/E ratio of 21.19, a P/E/G ratio of 3.25 and a beta of 0.55. The company has a 50-day simple moving average of $46.56 and a two-hundred day simple moving average of $46.44.

NiSource Announces Dividend

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

Insider Transactions at NiSource

In related news, 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 transaction, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Melody Birmingham sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the transaction, the executive vice president directly owned 116,036 shares in the company, valued at approximately $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NiSource

Hedge funds have recently added to or reduced their stakes in the stock. Compound Planning Inc. raised its stake in NiSource by 3.7% in the fourth quarter. Compound Planning Inc. now owns 15,045 shares of the utilities provider’s stock valued at $628,000 after purchasing an additional 535 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of NiSource by 96.3% in the 4th quarter. Corient Private Wealth LLC now owns 138,863 shares of the utilities provider’s stock valued at $5,491,000 after purchasing an additional 68,119 shares in the last quarter. Strive Financial Group LLC acquired a new position in shares of NiSource during the 4th quarter worth $26,000. Mercer Global Advisors Inc. ADV boosted its stake in NiSource by 35.9% in the fourth 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. raised its stake in NiSource by 1.0% during the fourth quarter. Achmea Investment Management B.V. now owns 41,624 shares of the utilities provider’s stock worth $1,738,000 after acquiring an additional 421 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets dropped their target price 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. Evercore set a $52.00 price target on NiSource in a report on Monday, May 11th. KeyCorp cut their price objective on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada started coverage on NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and an average price target of $50.30.

NiSource Company Profile

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.