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Nisource Inc (NI)
NYSE:NI
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.04Last Year’s EPS
0.98Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple clear operational and financial strengths — stronger-than-expected 2025 results (adjusted EPS up vs. prior year), a solid balance-sheet metric (FFO to debt of 16.1%), a large and advancing capital plan including a transformative Amazon/Genco opportunity, sizable data center and economic-development pipelines, and continued regulatory progress in key jurisdictions. Key risks highlighted were dependence on pending regulatory approvals (IURC decision for the Amazon special contract), construction and financing execution risk for Genco, weather-driven timing effects and regulatory passbacks, rising operating and interest expenses, and ongoing regulatory uncertainty (federal orders and evolving EPA/MISO rules). On balance, the positive operational execution and financial outperformance, the scale of the pipeline (data centers, Amazon/Genco), and improved credit metrics outweigh the execution and regulatory risks called out on the call.Company Guidance
Amazon (Genco) Agreement and Customer Value Return
Executed agreement with Amazon expected to return approximately $1.0 billion to NIPSCO customers (estimated $7–$9 per customer per month upon full ramp). Genco represents $6–$7 billion of capital through 2032 and is expected to begin contributing 1–2¢ to consolidated EPS in 2026.
Strong Earnings Performance
Reported full-year 2025 adjusted EPS of $1.90 versus $1.70 in 2024 (an increase of ~11.8% based on reported figures). Fourth-quarter adjusted EPS was $0.51 versus $0.49 a year ago (up ~4.1%).
Reaffirmed 2026 Guidance
Reaffirmed consolidated adjusted EPS guidance for 2026 of $2.02–$2.07 (company cites ~8% year‑over‑year growth versus 2025). Genco expected to add incremental 1–2¢ as it ramps.
Balance Sheet and Cash-Flow Metrics
FFO to debt finished 2025 at 16.1%, up ~150 basis points and above the company's 14%–16% target range, driven by strong internally generated cash flow and favorable weather receipts.
Material Capital Investment Plan
Targeting approximately $28 billion of investment over the next five years (Shawn highlighted $21 billion base utility investment; Amazon/Genco accounts for the majority of the remainder). Company retains ~$2 billion of identified upside capital opportunities.
Operational and Safety Execution
Maintained ISO 55001 and API 1173 certifications; installed over 545,000 smart meters; surveyed more than 41,000 miles of pipeline with advanced mobile leak detection—both metrics exceeded stated targets. Limited customer outages during a severe winter storm by leveraging storage assets that serve ~75% of load at below-market prices.
Data Center and Economic Development Pipeline
Robust data center pipeline with ~1–3 GW in active strategic negotiations and up to an additional ~3 GW of developing opportunities; about two dozen active data center projects and >40 data center inquiries in Virginia. Indiana economic development supported >140 active projects in 2025.
Shareholder Returns
Board approved a 7.1% dividend increase for 2026 versus 2025 and reiterated a target dividend payout ratio of 55%–65%.
Regulatory Wins and Protections
Secured Pennsylvania rate case approval (incremental revenue of ~$55 million and a 10% ROE noted in commentary). Ohio enacted supportive utility legislation expected to reduce regulatory lag and improve rate-making mechanics.
NI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $44.73 | $44.66 | -0.16% |
Oct 29, 2025 | $42.81 | $41.89 | -2.14% |
Aug 06, 2025 | $42.32 | $41.28 | -2.47% |
May 07, 2025 | $38.58 | $39.67 | +2.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nisource Inc (NI) report earnings?
Nisource Inc (NI) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Nisource Inc (NI) earnings time?
Nisource Inc (NI) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NI EPS forecast?
NI EPS forecast for the fiscal quarter 2026 (Q1) is 1.04.