NiSource Reaffirms 2026 EPS Guidance, Raises Long-Term Growth Outlook to 9-10% CAGR

summarizeSummary

NiSource reported strong Q1 earnings, reaffirmed 2026 EPS guidance, and raised its long-term adjusted EPS CAGR to 9-10% through 2033, driven by significant GenCo cost savings.

check_boxKey Events

• Strong First Quarter Performance

  Reported Q1 2026 GAAP net income of $510.7 million ($1.06 diluted EPS) and non-GAAP adjusted net income of $509.6 million ($1.06 consolidated adjusted EPS), both up from Q1 2025.

• Long-Term Growth Outlook Raised

  Increased the consolidated adjusted EPS compound annual growth rate (CAGR) to 9%-10% from 2026 through 2033, signaling an improved long-term financial trajectory.

• 2026 EPS Guidance Reaffirmed

  Reaffirmed 2026 non-GAAP consolidated adjusted EPS guidance in the range of $2.02-$2.07, reflecting approximately 8% year-over-year growth at the midpoint.

• Significant Cost Savings from Collaborations

  Expanded GenCo cost savings to approximately $1.4 billion for existing customers through new and expanded collaborations with Alphabet and Amazon.

auto_awesomeAnalysis

NiSource reported strong first-quarter results, exceeding prior year figures in both GAAP and non-GAAP earnings. The company reaffirmed its 2026 adjusted EPS guidance and, more significantly, raised its long-term consolidated adjusted EPS compound annual growth rate to 9-10% through 2033. This positive outlook is supported by expanded GenCo cost savings of approximately $1.4 billion through collaborations with Alphabet and Amazon, which are expected to drive economic development and strengthen the grid. This indicates robust operational performance and an improved long-term growth trajectory for the utility.