Nisource Stock Earnings Reports

NiSource reported strong first-quarter 2026 results and reaffirmed full-year consolidated adjusted EPS guidance of $2.02–$2.07. Q1 adjusted EPS was $1.06 (52% of midpoint guidance), up 8% year-over-year. Management highlighted continued execution of a regulated, capital-driven strategy across six jurisdictions, strong safety and operational performance (safest Q1 on record for employee injuries, extensive leak surveys and pole work), and productivity gains from AI and process improvements. The primary strategic driver is NIPSCO Genco and new data-center partnerships: a new 340 MW Alphabet agreement and an incremental 400 MW expansion for Amazon, bringing customer savings enabled by these arrangements to approximately $1.4 billion over 15 years (about $124 per residential customer per year). The Genco pooled-resource model (initial pool ~800 MW) is designed to accelerate speed-to-power, ring-fence costs and risks from the core utility, and preserve affordability for retail customers. NiSource has ~4 GW signed and reports ~3 GW in active negotiations plus ~2 GW of developing opportunities (about 9 GW focus in the region, not a cap). The corporate plan keeps base five-year capex at $21 billion (+$2 billion upside) and adds ~$7.6 billion of Genco/data-center capex; long-term EPS CAGR was increased to 9%–10% (2023–2033) and Genco EPS outlook was raised (2030: $0.25–$0.35; 2033: $0.40–$0.60). Financial policy: reaffirmed 14%–16% FFO-to-debt target, balanced funding mix with $400M–$600M equity annually, and continued focus on O&M discipline. Management stressed constructive regulatory engagement (including use of riders and special-contract filings), compliance with federal directives (Schahfer coal plant order), and that Genco special contracts and pooled resources will be subject to expedited regulatory review where applicable.