NiSource IncNYSE: NI
Utilities · Multi-Utilities
$47.23
+0.97%
Vol: 2.6M
Research Digest
Thursday, June 18, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21NiSource closes $1.25B senior notes offering to fund data center capacity expansionPositive▶
NiSource completed a $1.25 billion public offering on May 18, 2026, comprising $500M of 4.750% notes due 2031 and $750M of 5.300% notes due 2036, with the terms agreement signed May 11. Proceeds fund the company expanded data center strategy after recent long-term energy agreements with Alphabet (new) and Amazon (expanded), bringing ~800 MW under contract and lifting the Genco capital plan by $7.6B for ~$1.4B in customer savings. NiSource raised its EPS CAGR by 100bps to 9-10% through 2033 and reaffirmed 2026 EPS guidance of $2.02-$2.07. Wells Fargo raised PT to $51 (from $49), BMO to $51 (from $50), Barclays to $49 (from $45). Risk: rising debt load and execution on multi-year capex.
May 20NiSource raised long-term EPS growth target to 9-10% on Alphabet and Amazon hyperscaler deals, completed $1.25B notes offering.Positive▶
NiSource reported Q1 2026 GAAP net income of $510.7M, or $1.06 per diluted share, up from $474.8M and $1.00 in Q1 2025, on revenue of $2.37B. The company raised its 2026-2033 non-GAAP adjusted EPS CAGR to 9-10% and reaffirmed FY26 EPS guidance of $2.02-$2.07, citing approximately $1.4B in GenCo cost savings expanding through Alphabet and Amazon hyperscaler collaboration. NiSource priced $500M of 4.750% notes due 2031 and $750M of 5.300% notes due 2036, totaling ~$1.25B. The 2026 annual shareholder meeting was held May 11 (virtual) electing 12 directors. The Board declared a $0.30 quarterly dividend payable August 20.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18NiSource Q1 2026 adjusted EPS rises 8% to $1.06; raises long-term EPS CAGR to 9-10% on Amazon/Alphabet dealsPositive▶
NiSource reported Q1 2026 net income of $510.7M ($1.06 EPS) vs $474.8M ($1.00) prior year, with non-GAAP adjusted EPS up 8% to $1.06. The company reaffirmed FY2026 adjusted EPS guidance of $2.02-$2.07 and raised its long-term adjusted EPS CAGR to 9%-10% through 2033 (from prior 6-8%). New and expanded collaborations with Alphabet and Amazon are expected to deliver ~$1.4B in customer value and support data center growth in Indiana. The Board declared a quarterly dividend of $0.30 per share payable August 20. Wells Fargo raised its price target to $51 from $49 (Overweight); Evercore ISI raised target to $52 from $50. Stock trading around $46.30 on May 17.
May 15NiSource raised long-term EPS CAGR target to 9-10% (from 8-9%) after Q1 2026 EPS of $1.06; data center deals with Alphabet and Amazon support $1.4B in customer savings.Positive▶
NiSource reported Q1 2026 adjusted EPS of $1.06 (up 8% from $0.98 YoY) on revenue of $2.36B and reaffirmed 2026 consolidated adjusted EPS guidance of $2.02-$2.07. Importantly, NiSource raised its long-term 2023-2033 EPS CAGR target to 9-10% from 8-9%, citing momentum in its data center strategy. New and expanded partnerships with Amazon and Alphabet via NiSource's GenCo model are expected to support $1.4B in customer savings over 15 years and could lift residential bill savings by as much as $124/customer/year. Shareholders on May 11 re-elected the full director slate and approved executive pay. $19.4B infrastructure program funded through new debt. Quarterly dividend of $0.30 paid May 20. Stock at $47.42 on May 14. 9 Buy, 1 Hold ratings. Risk: regulatory approval timing and balance sheet leverage.
May 14NiSource raised long-term EPS CAGR to 9-10% through 2033 on May 6, signing expanded Amazon and new Alphabet data center deals adding 800MWPositive▶
NiSource Q1 2026 adjusted EPS of $1.06 beat consensus, on revenue of $2.36B (missed $2.52B estimate). Reaffirmed 2026 adj EPS guidance $2.02-$2.07 and raised long-term consolidated adj EPS CAGR to 9-10% through 2033. Expanded Amazon partnership lifting commitment by 400MW to 2,800MW by 2032; new Alphabet partnership signed. Total ~800MW new data center capacity contracted, raising Genco capital plan by $7.6B. Annual meeting May 11 approved directors and exec comp. Quarterly dividend of $0.30 payable Aug 20. Stock $46.72. Risk: regulatory approval timing and capex execution.
May 13NiSource raised long-term EPS CAGR target to 9-10% (from 8-9%) and inked Alphabet partnership/Amazon expansion bringing 800MW under contract.Positive▶
NiSource reported Q1 2026 adjusted EPS of $1.06 and reaffirmed FY26 adjusted EPS guidance of $2.02-$2.07. The company raised its 2023-2033 consolidated adjusted EPS CAGR target to 9-10%, supported by expanded data center agreements with Amazon and a new Alphabet partnership totaling ~800MW under contract. Contracts support ~$1.4B in customer savings over 15 years. The Annual Meeting on May 11-12 saw director nominees elected. Stock trades $47.03. Analysts maintain Strong Buy consensus with PT range $51-$55.
May 12NiSource signed expanded data center pacts with Amazon and new partnership with Alphabet adding ~800 MW under contract and raising Genco capital plan by $7.6B.Positive▶
NiSource reported Q1 2026 adjusted EPS of $1.06 (vs $0.98 prior-year), beating estimates while revenue of $2.36B missed the $2.52B consensus. The data center strategy is the key catalyst: NiSource signed expanded agreements with Amazon and a new partnership with Alphabet, bringing ~800 MW under contract and raising the Genco-related capital plan by $7.6B. Management increased its 10-year adjusted EPS CAGR outlook to 9-10% and reaffirmed FY 2026 EPS guidance of $2.02-$2.07. A $0.30 quarterly dividend pays May 20. Shares at $47.03 (2.5% yield) on a $22.55B market cap.
May 11NiSource Q1 EPS beats on data center momentum, raises long-term CAGR to 9-10% with $28.6B capex planPositive▶
NiSource reported Q1 2026 EPS of $1.06 on May 6, beating estimates, though revenue of $2.36B missed the $2.52B consensus. The utility reaffirmed 2026 EPS guidance of $2.02-$2.07 and raised long-term EPS CAGR by 100 bps to 9-10% through 2033. Management unveiled a five-year $28.6B capex plan ($21B base, $7.6B GenCo) tied to expanded Amazon and new Alphabet data center agreements bringing 800 MW under contract. The strategy is expected to deliver about $1.4B in customer value across Indiana. A $0.30 quarterly dividend pays May 20.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NINISOURCE | $47.23 | +0.97% | +0.5% | 21.1x | 0.55 | $22.7B |
| NEENEXTERA | $86.62 | +1.04% | -1.7% | 19.7x | 0.67 | $180.9B |
| DDOMINION | $68.51 | +0.72% | +1.0% | 17.9x | 0.64 | $60.2B |
| SRESEMPRA | $90.62 | +0.41% | -0.8% | 16.4x | 0.58 | $59.3B |
| XELXCEL | $77.44 | -0.03% | -3.1% | 17.1x | 0.41 | $48.3B |
| EDCONSOLIDATED | $106.44 | -0.56% | +0.1% | 16.4x | 0.27 | $39.2B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.