NiSource Posts $129.5M Third-Quarter Net Income
NI sits 16% above its 52-week low of $38.42.
Summary
NiSource reported third-quarter net income of $129.5 million and adjusted earnings per share of 27 cents, the first hard earnings numbers since the company reaffirmed its 2026 EPS guidance with Q2 results in August. The utility now sees full-year adjusted EPS of $2.02 to $2.07 and 2027 adjusted EPS of $2.22 to $2.30. It has extended its capital plan through 2033, with seven-year total capital spending of $40 billion, and expects that plan to support 9%-10% consolidated investment base growth from 2027-2033. Context matters: the utility has been leaning on its data center strategy, including the October 16 tolling agreement with AGP Group for a 600 MW / 2,400 MWh battery project and the 20-year energy deal serving Microsoft's northwest Indiana campus, and those growth claims now need to show up in the numbers. The stock is a $44 utility with a roughly $21 billion market cap, so a single quarter's net income is a modest mover on its own; the guidance language and any data-center load commentary will do more work than the headline figure.
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: Dow Jones Newswires.