NiSource raises long-term EPS growth outlook to 11%
Key points
- NiSource (NYSE:NI) reported third-quarter 2026 adjusted earnings per share of $0.27, up from $0.19 a year earlier.
- The company expects adjusted EPS compound annual growth of 10%–11% from 2027 through 2033, supported by a $40 billion capital plan.
- NiSource expects its GenCo agreements to deliver approximately $1.75 billion in savings for existing customers.
NiSource (NYSE:NI) reported third-quarter 2026 adjusted earnings per share of $0.27, up from $0.19 a year earlier, and extended its long-term growth plan through 2033.
GAAP net income available to common shareholders rose to $129.5 million from $94.7 million, while adjusted net income increased to $130.9 million from $91.8 million.
NiSource plans $40 billion in capital expenditures from 2027 through 2033, comprising $32 billion for its base plan and $8 billion for data center investments, and expects 2027 adjusted EPS of $2.22–$2.30.
The company narrowed its 2026 adjusted EPS guidance to the upper half of its $2.02–$2.07 range and expects annual adjusted EPS growth of 6%–8% under its base plan through 2033.
NiSource also expects consolidated adjusted EPS compound annual growth of 10%–11% from 2027 through 2033 and said its GenCo agreements, including a new agreement with Microsoft, are expected to generate approximately $1.75 billion in savings for existing customers.
