NiSource Q2 Profit Matches Estimates, Reaffirms 2026 Outlook
NI sits 15% above its 52-week low of $38.45.
Summary
NiSource reported Q2 adjusted EPS of $0.16, in line with analyst expectations, while GAAP EPS fell to $0.09 on one-time costs including $21.4M in lockout expenses and $5.4M in severance and consulting charges. Weather added $16M to operating revenues. The company reaffirmed its 2026 adjusted EPS guidance of $2.02-$2.07 and maintained its 9%-10% long-term EPS CAGR target, backed by a $28.6B capital plan through 2030. This follows the 8-K and 10-Q filed earlier today, which highlighted lower earnings due to higher costs but also progress on the data center strategy. The steady outlook and in-line results provide no immediate catalyst for a re-rating, but the reaffirmed guidance removes downside uncertainty.
At the time of this announcement, NI was trading at $44.35 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $21.3B. The 52-week trading range was $38.45 to $49.21. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.