NYSEUtilitiesRegulated GasSnapshot 2026-08-31
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Create your account →Warn: Recent financial performance slipped notably this past month, though still top-half.
NiSource is a large regulated gas utility with steady earnings. It raised 2026 EPS guidance to about $2.04 per share. The company grew revenue 8% year over year in Q1 2026. Regulatory approvals support its growth plans in Indiana.
Analysts expect revenue to fall about 25% next year. Profit growth may slow with soft guidance. Rising costs or regulation could hurt earnings.
The price is about 7% above our fair value near $44. Analysts expect a 25% revenue drop, which we view as too pessimistic.
Breaks if: EPS falls below $2.02 in FY26
Maintain and reaffirm 2026 non-GAAP consolidated adjusted EPS guidance in the range of $2.02 to $2.07 per share.
Stated as a priority in 4 of last 4 quarters. NiSource has consistently reaffirmed its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07. The company reported non-GAAP adjusted EPS of $1.22 for the first six months of 2026, supporting confidence in achieving the full-year guidance. The trajectory is delivering as management maintains this guidance across quarters.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable utility with a focus on growth through significant capital investments and strategic partnerships. The current thesis is mixed, as recent performance has shown signs of weakness despite some positive developments.
The market seems to be pricing in a level of fragility due to weak execution quality, which is not fully justified given the company's recent performance. NI's valuation appears expensive compared to peers, with a notable expectations gap.
Management has consistently reaffirmed its earnings guidance, but recent performance has been neutral, indicating a potential for volatility. There is a low probability of missing guidance, but the company has a history of misses that investors should keep in mind.
The long-term thesis hinges on the ability of sector bellwethers to maintain or improve their earnings guidance, which could positively impact NI. Additionally, management's execution of its capital investment plan and strategic initiatives will be crucial.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The company reaffirmed its 2026 EPS guidance. This supports growth expectations. However, the latest earnings report showed a profit drop. A class action lawsuit was filed over recent power outages. This legal issue could impact operations and investments.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“NiSource is reaffirming its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07”
“NiSource is reaffirming its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07”
“NiSource is reaffirming 2026 non-GAAP consolidated adjusted EPS guidance”
“In 2026, non-GAAP consolidated adjusted EPS is expected to be in the range of $2.02-$2.07.”
Breaks if: Loss of key regulatory approvals for growth projects
Breaks if: Revenue growth falls below 6% YoY next year
Over the next 1 to 3 years, NI's performance will depend on external sector dynamics and internal execution. Not investment advice.
