NiSource Beats Q3 Estimates, Lifts Long-Term EPS Growth Target to 10%-11%
NI sits 16% above its 52-week low of $38.42.
Summary
NiSource posted Q3 adjusted EPS of $0.27, beating the $0.23 consensus from nine analysts, with net income of $129.5 million. The quarter absorbed about $216.9 million of August storm costs, and weather versus normal trimmed revenue by $4 million. Management narrowed 2026 adjusted EPS guidance to the upper half of $2.02-$2.07 and set 2027 guidance at $2.22-$2.30. The bigger item for the thesis: the company raised its 2027-2033 adjusted EPS growth target to 10%-11% and said GenCo agreements, including the Microsoft data center deal signed October 16, are expected to deliver $1.75 billion in customer savings. That extends the data center story that has driven the stock since the August 5 Q2 report and the $750 million junior subordinated note pricing on August 13.
At the time of this announcement, NI was trading at $44.44 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $20.9B. The 52-week trading range was $38.42 to $49.21. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.