NiSource's regulated asset base has grown from $23.6B to $31.6B in PPE net over ten quarters, suggesting the rate base expansion is a durable long-term growth driver supported by rate case outcomes.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth of 21.8% year over year and quarterly EPS ranging from $0.09 to $1.06 suggest earnings are tied to rate base expansion and seasonal weather-driven demand, with net margins swinging between 3.4% and 21.7%.
NiSource anticipates long-term earnings per share (EPS) growth of 6%-8% and a projected rate base growth of 8%-10% through 2029. This growth is supported by substantial capital expenditure opportunities, including an expected $2.2 billion in upside capital expenditures driven by industrial manufacturing growth in states like Indiana, Virginia, and Ohio.
The company is benefiting from optimism around power demand from the AI data center buildout. A significant capital plan of $28 billion over five years includes $6-$7 billion for Amazon's data center, driving 11%-12% rate base growth and 8%-9% targeted EPS growth through 2033.
NiSource pays a meaningful dividend with a trailing yield of 2.36%. The company has been increasing its dividend for 14 years, and its dividend payout ratio is considered healthy and sustainable.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $0.27+17.9% vs $0.23 | $1.3B+0.8% vs $1.3B |
Q3 2026 Aug 5, 2026 | $0.16+1.4% vs $0.16 | $1.3B+17.0% vs $1.1B |
Q2 2026 May 6, 2026 | $1.06+1.0% vs $1.05 | $2.4B-6.3% vs $2.5B |
Q1 2026 Feb 11, 2026 | $0.51+2.9% vs $0.50 | $1.9B+33.0% vs $1.4B |
NiSource, Inc (NYSE: NI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $44.84 and traded as high as $45.08. NiSource shares last traded at $44.9340, with a volume of 5,348,598 shares trading hands. Analysts Set New
NiSource Inc. retains a Buy rating, leveraging major data center contracts to drive long-term earnings growth and strategic infrastructure investment. NI has secured regulatory-approved agreements with hyperscalers like Amazon and Microsoft, supporting a $40 billion investment plan and boosting long-term EPS growth guidance to 10–11% through 2033. Despite trading at a premium valuation (21.6x earnings), NI's superior growth prospects and lower forward PEG ratio justify some premium versus the utility sector.
NiSource NYSE: NI reported third-quarter 2026 consolidated adjusted earnings per share of $0.27, up from $0.19 a year earlier, and said it was narrowing its full-year outlook to the upper half of its prior $2.02-to-$2.07 adjusted EPS range.
MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) today announced that it will deliver $57.5 million in savings to its existing electric customers generated through data center development. Subject to regulatory approval, the average residential electric customer is expected to receive a monthly bill credit of approximately $5 for 18 months, beginning approximately 30 days after approval. The credit is an expansion of the value being driven through our NiSource GenCo model and is an.
Benchmark NI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for NiSource Inc (NI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $44.15 | $21.17B | 22.60 | 21.76% | 13.51% | 7.93% | 2.53% | |
| $173.22 | $28.91B | 20.92 | 12.91% | 28.5% | 9.67% | 1.99% | |
| $88.81 | $5.25B | 9.57 | -4.5% | 21.62% | 15.85% | 3.5% | |
| $51.75 | $2.18B | 17.29 | 11.83% | 9.65% | 8.23% | 3.65% | |
| $91.33 | $6.61B | 25.42 | -62.05% | 15.19% | 6.42% | 2.7% | |
| $80.92 | $5.08B | 17.45 | 16.5% | 12.61% | 8.35% | 3.28% |
NiSource Inc (NI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
NiSource Inc (NI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Oct 16, 2026·SEC
Aug 5, 2026·SEC
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NiSource Inc (NI) stock FAQ — growth, dividends, profitability & financials explained
NiSource Inc (NI) reported $6.96B in revenue over the trailing twelve months. Revenue was $6.64B in fiscal year 2025. That is 265% more than the $1.82B of fiscal year 1996.
NiSource Inc (NI) grew revenue by 10.0% over the trailing twelve months, compared with the twelve months before.
Yes. NiSource Inc (NI) earned $939.9M in net income over the trailing twelve months (a 13.5% net margin).
Yes. NiSource Inc (NI) pays a dividend that yields 2.53% at the current price, a moderate yield.
NiSource Inc (NI) had a return on equity (ROE) of 7.9% over the trailing twelve months. That is below the market's typical 10-15%.
NiSource Inc (NI) had negative free cash flow of $1.57B over the trailing twelve months.
NiSource Inc (NI) has a dividend payout ratio of 57%. This suggests the dividend is well-covered and sustainable.
