NiSource Q3 profit beats; narrows 2026 adjusted EPS forecast
Overview
US regulated utility's Q3 adjusted EPS rose, beating analyst expectations
Company narrowed 2026 adjusted EPS guidance to upper half of $2.02-$2.07 range
Expanded GenCo customer cost savings to $1.75 bln through new Microsoft agreement
Outlook
NiSource narrows 2026 non-GAAP consolidated adjusted EPS guidance to upper half of $2.02-$2.07
Company expects 2027 non-GAAP consolidated adjusted EPS of $2.22-$2.30
NiSource raises non-GAAP adjusted EPS CAGR guidance to 10%-11% for 2027-2033
Result Drivers
WEATHER IMPACT - Co said weather compared to normal reduced operating revenues in Q3 by $4 mln
VALUE CAPTURED INITIATIVE - Co incurred $6 mln in non-recurring consulting and severance costs in Q3 tied to its Value Captured initiative
GENCO AGREEMENTS - Co said new GenCo agreements, including with Microsoft, are expected to deliver $1.75 bln in customer savings
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted EPS | Beat | $0.27 | $0.23 (9 Analysts) |
Q3 EPS | $0.27 | ||
Q3 Net Income | $129.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "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 $48.50, about 11.2% above its October 27 closing price of $43.60
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago
Reuters Recommended Reads
Oct 27 - CenterPoint Energy Q3 adjusted EPS beats estimates, raises 2026 outlook
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Oct 28 - OGE Energy Q3 revenue rises on warmer weather
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(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.)