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    N

    NiSource Inc (NI)

    Official site

    UTILITIES • UTILITIES - REGULATED GAS • NYSE

    $41.24
    -0.02 (-0.05%)

    Market Cap: $20.47B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    82%(32/39)
    Avg Surprise
    +7.49%
    Streak
    3 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.22
    Range$0.16 - $0.26
    9 analysts
    EPS RevisionsNo revisions (7d)
    2
    4
    30d
    EPS Estimate DriftChange to current
    90d ago$0.22-0.4%
    60d ago$0.22-0.8%
    30d ago$0.22+2.2%
    7d ago$0.22+2.2%
    Current$0.22
    Revenue Consensus
    $1.4B
    Range$1.4B - $1.4B
    1 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.63
    Range$0.61 - $0.65
    14 analysts
    Revenue Consensus
    $1.3B
    Range$1.1B - $1.4B
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.63---
    Sep 26EST
    		-$0.22---
    Jun 26
    Reported Aug 5
    		$0.16$0.15+6.67%Beat-27.3%
    Mar 26
    Reported May 6
    		$1.06$1.05+0.95%Beat+8.2%
    Dec 25
    Reported Feb 11
    		$0.51$0.50+2.00%Beat+4.1%
    Sep 25
    Reported Oct 29
    		$0.19$0.20-5.00%Miss-5.0%
    Jun 25
    Reported Aug 6
    		$0.22$0.21+4.76%Beat+4.8%
    Mar 25
    Reported May 7
    		$0.98$0.90+8.89%Beat+15.3%
    Dec 24
    Reported Feb 12
    		$0.49$0.50-2.31%Miss-7.5%
    Sep 24
    Reported Oct 30
    		$0.20$0.16+25.00%Beat+5.3%
    Jun 24
    Reported Aug 7
    		$0.21$0.17+23.53%Beat+90.9%
    Mar 24
    Reported May 8
    		$0.85$0.83+2.41%Beat+10.4%
    Dec 23
    Reported Feb 21
    		$0.53$0.53+0.00%Beat+6.0%
    Sep 23
    Reported Nov 1
    		$0.19$0.15+26.67%Beat+90.0%
    Jun 23
    Reported Aug 2
    		$0.11$0.11+0.00%Beat-8.3%
    Mar 23
    Reported May 3
    		$0.77$0.75+2.67%Beat+2.7%
    Dec 22
    Reported Feb 22
    		$0.50$0.48+4.17%Beat+28.2%
    Sep 22
    Reported Nov 7
    		$0.10$0.10+0.00%Beat-9.1%
    Jun 22
    Reported Aug 3
    		$0.12$0.12+0.00%Beat-7.7%
    Mar 22
    Reported May 4
    		$0.75$0.77-2.60%Miss-2.6%
    Dec 21
    Reported Feb 23
    		$0.39$0.36+8.33%Beat+14.7%
    Sep 21
    Reported Nov 3
    		$0.11$0.10+10.00%Beat+22.2%
    Jun 21
    Reported Aug 4
    		$0.13$0.13+0.00%Beat+0.0%
    Mar 21
    Reported May 5
    		$0.77$0.77+0.00%Beat+1.3%
    Dec 20
    Reported Feb 17
    		$0.34$0.33+3.03%Beat-24.4%
    Sep 20
    Reported Nov 2
    		$0.09$0.03+200.00%Beat+568.8%
    Jun 20
    Reported Aug 5
    		$0.13$0.08+62.50%Beat+160.0%
    Mar 20
    Reported May 6
    		$0.76$0.81-6.17%Miss-7.3%
    Dec 19
    Reported Feb 26
    		$0.45$0.43+4.65%Beat+18.4%
    Sep 19
    Reported Oct 30
    		$-0.02N/A-138.40%Miss-119.2%
    Jun 19
    Reported Jul 31
    		$0.05$0.06-16.67%Miss-28.6%
    Mar 19
    Reported May 1
    		$0.82$0.77+6.49%Beat+6.5%
    Dec 18
    Reported Feb 20
    		$0.38$0.36+5.56%Beat+15.2%
    Sep 18
    Reported Nov 1
    		$0.10$0.06+66.67%Beat+42.9%
    Jun 18
    Reported Aug 1
    		$0.07$0.09-22.22%Miss-30.0%
    Mar 18
    Reported May 2
    		$0.77$0.76+1.32%Beat+8.5%
    Dec 17
    Reported Feb 20
    		$0.33$0.32+3.13%Beat+0.0%
    Sep 17
    Reported Nov 1
    		$0.07$0.07+0.00%Beat-
    Jun 17
    Reported Aug 2
    		$0.10$0.10+0.00%Beat-
    Mar 17
    Reported May 3
    		$0.71$0.67+5.97%Beat-
    Dec 16
    Reported Feb 22
    		$0.33$0.33+0.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.91%
    Forward Annual Dividend$1.20
    Payout Ratio24.58%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+6.01%
    5Y CAGR+5.92%
    NI dividend history and ex-dividend datesRun NI in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio21.48EV/EBITDA11.67x
    Price/FCF-18.21xFCF Yield-5.49%
    Profitability
    Profit Margin13.20%Operating Margin17.20%
    ROE8.55%ROIC6.02%
    Financial Health
    Debt/Equity1.82xInterest Coverage2.52x
    Current Ratio0.50xQuick Ratio0.41x
    Trading Statistics
    Beta0.55Avg Volume5.60M
    52-Week High$48.8852-Week Low$38.42

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$40.67
    SMA 20$40.12
    SMA 50$40.94
    SMA 200$44.51
    EMA 10$40.79
    EMA 20$40.59
    EMA 50$41.36
    EMA 200$43.29

    MACD

    Line: 0.04Signal: -0.24Hist: 0.28

    ADX

    ADX: 26.5+DI: 24.1-DI: 15.9

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down60.0
    PSAR$39.79

    Bollinger Bands

    Upper Band$41.81
    Lower Band$38.43
    %B Position841%(Upper)
    Band Width0.83

    RSI (14-Day)

    Neutral
    57.4

    Momentum Oscillators

    Stoch %K87.9
    Stoch %D91.3
    Williams %R-16.6
    ROC (10d)4.4%
    Momentum1.74
    CCI (20d)120.0
    MFI (14d)53.6

    Volatility Measures

    ATR (14d)$0.68(1.6%)
    StdDev (20d)0.84
    Hist Vol16.4%(Low)

    Volume Flow

    VWAP$41.39
    OBV90.8M
    AD Line-1.6B
    CMF (20d)-0.068

    Volume Metrics

    Avg Vol (20d)5.7M
    Vol Ratio1.0x
    VWMA (20d)$40.04

    Pivot Points

    R3$42.13
    R2$41.82
    R1$41.54
    Pivot Point$41.23
    S1$40.95
    S2$40.65
    S3$40.37

    Advanced Oscillators

    TSI1.57
    Ultimate Osc57.9
    KST-10.84

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$1.34B$2.36B$1.90B$1.27B$1.28B$2.18B$1.59B$1.08B$1.08B$1.71B$1.42B$1.03B
    Cost of Revenue$668.50M$1.16B$966.60M$594.70M$658.00M$1.08B$798.30M$523.30M$522.40M$803.40M$728.00M$522.50M
    Gross Profit$673.90M$1.20B$936.30M$678.40M$625.00M$1.11B$789.50M$553.00M$562.30M$902.90M$694.00M$504.90M
    Operating Expenses$445.80M$385.50M$420.80M$380.90M$362.10M$348.50M$372.70M$334.70M$325.30M$319.50M$331.10M$271.90M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating Income$228.10M$819.20M$515.50M$297.50M$262.90M$759.40M$416.80M$218.30M$237.00M$583.40M$362.60M$233.00M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$199.20M$191.60M$187.30M$179.80M$139.10M$132.80M$137.00M$134.60M$129.30M$116.30M$141.00M$129.20M
    Income Before Tax$47.10M$642.00M$332.10M$127.60M$124.30M$632.40M$292.90M$112.90M$120.70M$476.30M$227.70M$102.20M
    Income Tax Expense$10.20M$85.80M$53.70M$20.60M$23.80M$105.70M$48.60M$15.90M$17.60M$76.00M$35.80M$3.80M
    Net Income$36.90M$556.20M$278.40M$107.00M$100.50M$526.70M$244.30M$97.00M$103.10M$400.30M$191.90M$98.40M
    EBITDA$608.50M$1.12B$834.80M$614.30M$550.10M$1.02B$708.00M$517.00M$503.50M$834.70M$626.00M$442.30M
    EBIT$246.30M$833.60M$519.40M$307.40M$263.40M$765.20M$429.90M$247.50M$250.00M$592.60M$368.70M$231.40M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

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    Government Contracts

    Gov Obligations (TTM)
    $2.27M
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    34.6%
    Active Awards
    19
    New Awards (TTM)
    8
    Avg Remaining Term
    5.2 mo

    Top agency: Department of Justice at 60.1% of trailing twelve month obligations across 4 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    75D30126P20878Department of Health and Human ServicesCenters for Disease Control and Prevention$470000Mar 2, 2026
    15F06726P0000147Department of JusticeFederal Bureau of Investigation$424049Jan 1, 2026
    15B21626P00000011Department of JusticeFederal Prison System / Bureau of Prisons$249107Oct 1, 2025
    15B10726P00000049Department of JusticeFederal Prison System / Bureau of Prisons$200028Oct 1, 2025
    15B10926P00000039Department of JusticeFederal Prison System / Bureau of Prisons$166272Oct 1, 2025
    15B10726P00000112Department of JusticeFederal Prison System / Bureau of Prisons$129377Apr 1, 2026
    15B11426P00000059Department of JusticeFederal Prison System / Bureau of Prisons$53659Oct 1, 2025
    15B20926P00000004Department of JusticeFederal Prison System / Bureau of Prisons$6208Oct 1, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Microsoft Signs 1,100 MW Power Deal With NiSource Until 2048 as AI Spending Outruns the Grid

    Microsoft has secured a significant 1,100 MW power deal with NiSource for an Indiana data center campus, with the agreement starting in 2028 and lasting until 2048. This move highlights the intense demand for electricity...

    Yahoo Finance•10/16/26•Somewhat-Bullish

    NiSource Inc (NI) Stock Price | Live Quotes & Charts | NYSE

    This page provides live quotes and charts for NiSource Inc (NI) stock, showing its current price of $42.42, up $1.17 (2.84%). It notes that there are currently no analyst ratings or earnings information available...

    www.timothysykes.com•10/16/26•Somewhat-Bullish

    NiSource Lands Major Microsoft Power Deal

    NiSource Inc. has secured a 20-year power supply agreement with Microsoft Corp. to support a data center campus in northwest Indiana...

    Benzinga•10/16/26•Bullish

    Microsoft Signs 20-Year Power Agreement with NiSource

    Microsoft has entered a 20-year power agreement with NiSource, with electricity service expected to begin in 2028. This partnership involves Microsoft fully funding approximately 1,100 megawatts of new generation...

    Intellectia AI•10/16/26•Bullish

    NiSource Signs 20-Year Microsoft Power Agreement for 1,100 MW Indiana Data Centre Campus

    NiSource Inc. has signed a 20-year agreement with Microsoft Corporation to supply 1,100 megawatts of electricity to a new data center campus in northwest Indiana...

    Yahoo Finance•10/16/26•Bullish

    NI Valuation and Fair Value

    P/E
    21.5x
    Forward P/E
    17.4x
    EV/EBITDA
    11.7x
    P/FCF
    -18.2x
    PEG
    2.0x
    P/B
    2.1x
    See GNG's fair value

    NI Profitability: Margins, ROIC and FCF

    Gross margin
    50.8%
    Operating margin
    17.2%
    Net margin
    13.2%
    ROIC
    6.0%
    ROE
    8.6%
    FCF margin
    -15.8%
    FCF yield
    -5.5%

    NI Competitors

    CompanyTicker
    CMS Energy CorporationCMS
    Evergy, Inc.EVRG
    Edison InternationalEIX
    Alliant Energy CorpLNT
    NRG Energy Inc.NRG
    Talen Energy CorporationTLN
    Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADRSBS
    Emera IncorporatedEMA

    Sector: Utilities

    NI Analyst Ratings

    Consensus
    Buy
    Analysts
    16
    Strong Buy
    4
    Buy
    9
    Hold
    3
    Sell
    0
    Strong Sell
    0

    NI Bull Case vs Bear Case

    Bull case

    • NI beat EPS estimates in 75.0% of its last 8 reported quarters.
    • 81.3% of NI's analyst ratings are Buy or Strong Buy.

    NI Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    5.1%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.22
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 4 down

    NI Dividend

    Forward yield
    2.9%
    Payout ratio
    24.6%
    3Y DPS growth
    6.0%
    5Y DPS growth
    5.9%
    Pay months
    Feb, May, Aug, Nov
    NI dividend history

    Frequently Asked Questions About NI

    What is NI's current dividend yield?

    NiSource Inc (NI) has a forward dividend yield of 2.91%.

    Does NI pay dividends?

    Yes, NiSource Inc pays dividends with a forward dividend yield of 2.91%.

    What is NI's P/E ratio?

    NiSource Inc has a price-to-earnings (P/E) ratio of 21.48.

    What is NI's market cap?

    NiSource Inc (NI) has a market capitalization of $20.47B with a current stock price of $41.24.

    Related stocks

    Sector: Utilities

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