NiSource Inc

NiSource Inc

NI

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Market Cap$22.63B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
NiSource IncNiSource Inc23.52.46%10%3.41.8

Earnings Call Q1 2026

May 6, 2026 - AI Summary

Strong start + reaffirmed earnings outlook (good) - Q1 2026 consolidated adjusted EPS: $1.06, up $0.08 YoY (+8%) from $0.98 (driven by regulatory execution recovering 2025 capital/regulatory plans). - Progress vs guidance: achieved ~52% of the full-year midpoint. - Reaffirmed 2026 adjusted EPS guidance: $2.02–$2.07. - Longer-term: raised 2023–2033 adjusted EPS CAGR by +100 bps to 9%–10%, with performance tracking toward the high end through 2030, supported by projected 9%–11% rate base growth.
Data center (“Genco”) strategy materially expanded—big opportunity (and surprise upside) - Management highlighted ~$1.4B of customer savings over 15 years tied to data center partnerships (Alphabet + Amazon), equating to up to ~$124/year benefit for residential customers. - New incremental expansion: additional ~400 MW capacity for Amazon; plus a new Alphabet partnership using ~340 MW of pooled resources. - Capacity signaling: company referenced ~4 GW signed and ~3 GW active strategic negotiations, and said pipeline demand remains strong (incl. additional ~2 GW developing opportunities). - Notably “fast time-to-power”: focus on speed/flexibility using CCGTs/batteries/purchases within the pooled model to meet customer timelines.
Capital intensity stays manageable—returns not purely linear (good but investors will watch specifics) - Answering questions: the earnings impact is “project-specific” rather than linear as capacity scales; depends on resource mix, costs, and risk-adjusted returns (some from capacity purchases, some from building). - Guidance emphasis: consolidated EPS growth is based on signed contracts, not the strategic negotiation backlog. - Ongoing pool size/risk ring-fencing: initial ~800 MW pool sized to meet load + reserve margins; costs/risk are ring-fenced from the broader retail base and recovered through bilateral contracts.

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$50.75

Target Price by Analysts

7.5% upsideNiSource Target Price DetailsTarget Price
$-0.92

Current Fair Value

102% downside

Overvalued by 102% based on the discounted cash flow analysis.

Share Statistics

Market cap$22.63 Billion
Enterprise Value$39.48 Billion
Dividend Yield$1.16 (2.46%)
Earnings per Share$1.96
Beta0.55
Outstanding Shares479,000,000

Return

Return on Equity9.96%ROE
Return on Assets2.63%
Return on Invested Capital1.92%

Valuation & Multiples

P/E Ratio23.51P/E Ratio
PEG345.62PEG
Price to Sales3.37Price to Sales
Price to Book Ratio1.97Price to Book Ratio
Enterprise Value to Revenue5.79
Enterprise Value to EBIT62.52
Enterprise Value to Net Income41
Total Debt to Enterprise0.43
Debt to Equity1.75Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 13, 2026
EPS Estimate
$1.04
Average shareholder expectation
Revenue Estimate
$2.55 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$0.21
Average shareholder expectation
Revenue Estimate
$1.19 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.3057▲ 6.70%
Total Calls350,000▼ 39.25%
Total Puts107,000▼ 22.18%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %96.14%▼ 1.75%
Total Invested$21.20B▲ 9.85%
Investors Holding881▲ 39.00%

ESG Score

No data

About Nisource Inc. (Holding Co.)

7,345 employees

Relevant Senate Committees

Joint Committee on Taxation

As the official scoring body for all tax legislation, this committee's analyses and revenue estimates directly influence the final form and impact of tax laws. Its expertise is critical for corporate tax structures affecting capital-intensive utilities like NiSource.

Finance

This is a highly influential committee that controls taxation and trade. Its decisions on corporate tax policy, investment credits, and depreciation rules directly impact NiSource's profitability, capital expenditures, and overall financial health.

Appropriations

This committee directly allocates federal discretionary spending. Its decisions on funding for energy infrastructure, environmental programs, or broader public works can provide direct capital or create significant opportunities for utilities like NiSource.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands (crucial for water resources and dam sites for hydroelectric power), and the Department of Energy, all of which profoundly impact utility companies like NiSource.

Environment and Public Works

This committee directly regulates the EPA, which oversees environmental permits, water usage, and emissions, all critical for hydroelectric power generation and the broader utility sector. It also drives infrastructure policy relevant to utilities.