NiSource beats Q1 adjusted EPS estimates, reaffirms 2026 guidance

NiSource

06/05/2026 11:45

Overview

US regulated utility's Q1 adjusted EPS rose yr/yr, beating analyst expectations

Net income for Q1 increased compared to prior year

Company reaffirmed 2026 adjusted EPS guidance and raised long-term growth rate outlook

Outlook

NiSource reaffirms 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07

Company expects 2026 non-GAAP consolidated adjusted EPS to grow about 8% year-over-year at midpoint

NiSource raises 2026-2033 non-GAAP consolidated adjusted EPS CAGR to 9%-10%

Result Drivers

STRATEGY EXECUTION - Co attributed results to continued execution of its strategy and employee efforts, per CEO Lloyd Yates

Company press release: ID:nBw3mRFZ9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$1.06
$1.05 (9 Analysts)
Q1 EPS
$1.06
Q1 Net Income
$510.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy"

Wall Street's median 12-month price target for NiSource Inc is $51.00, about 5.8% above its May 5 closing price of $48.19

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)