NiSource Q3 profit beats; narrows 2026 adjusted EPS forecast
NI•NiSource reported third-quarter adjusted EPS of $0.27, beating the $0.23 analyst consensus, and narrowed its 2026 adjusted EPS guidance to the upper half of a $2.02-$2.07 range. It expects 2027 adjusted EPS of $2.22-$2.30 and expanded expected GenCo customer savings to $1.75 billion through agreements including one with Microsoft.
1. Quarterly results
NiSource reported third-quarter adjusted EPS of $0.27, compared with analyst expectations of $0.23. Net income was $129.5 million. The company said weather compared with normal reduced third-quarter operating revenues by $4 million, and it incurred $6 million in non-recurring consulting and severance costs tied to its Value Captured initiative.
2. Guidance and savings
NiSource narrowed its 2026 non-GAAP consolidated adjusted EPS guidance to the upper half of its $2.02-$2.07 range. It expects 2027 adjusted EPS of $2.22-$2.30 and raised its 2027-2033 adjusted EPS compound annual growth guidance to 10%-11%. New GenCo agreements, including one with Microsoft, are expected to deliver $1.75 billion in customer savings.
