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NiSource

NI · Utilities

Last earnings Oct 28, 2026

Key results

NiSource's net incomeytd

$671.7 million

For the nine months ended September 30, 2025, on a GAAP basis, NiSource's net income available to common shareholders was $671.7 million, or $1.42 of earnings per diluted share, compared to net income available to common shareholders of $515.8 million, or $1.14 of earnings per diluted share, for the same period of 2024.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Adjusted net incomequarter

$91.8 million

NiSource also reported third quarter 2025 non-GAAP adjusted net income available to common shareholders of $91.8 million, or $0.19 of adjusted earnings per share ( EPS ), compared to non-GAAP adjusted net income available to common shareholders of $89.9 million, or $0.20 of adjusted EPS, for the same period of 2024.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

EPSquarter

$0.19

NiSource also reported third quarter 2025 non-GAAP adjusted net income available to common shareholders of $91.8 million, or $0.19 of adjusted earnings per share ( EPS ), compared to non-GAAP adjusted net income available to common shareholders of $89.9 million, or $0.20 of adjusted EPS, for the same period of 2024.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Adjusted net incomeytd

$656.0 million

For the nine months ended September 30, 2025, NiSource's non-GAAP adjusted net income available to common shareholders was $656.0 million, or $1.38 of adjusted EPS, compared to non-GAAP adjusted net income available to common shareholders of $567.4 million, or $1.26 of adjusted EPS, for the same period of 2024.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

AI analysis

Q3 2025 · reported Oct 29, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

EPS · Q3 2025
$0.19
EX-99 · Oct 29, 2025
Adjusted net income · Q3 2025
$91.8M
EX-99 · Oct 29, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Adjusted net income$91.8 million——
EPS$0.19——

EX-99 · Oct 29, 2025

Guidance · company-stated

Direction: raised

No guidance located in the held release

Stated figure6%-8%

“07 range Introducing 2027 non-GAAP consolidated adjusted EPS guidance Extending base plan expected non-GAAP adjusted EPS annual growth guidance of 6%-8% to 2027-2033 Raising consolidated expected non-GAAP adjusted EPS compound annual growth rate to 10%-11% for 2027-2033 Expanding GenCo cost savings for existing customers to approximately $1.”

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

EPS6%
Capex$28.0B

com NiSource announces third quarter results Reaffirming upper half of 2025 non-GAAP adjusted EPS guidance Introducing 2026 non-GAAP consolidated adjusted EPS guidance Extending base plan expected non-GAAP adjusted EPS annual growth guidance of 6%-8% to 2026-2030 Introducing 2026-2033 consolidated non-GAAP adjusted EPS compound annual growth rate of 8%-9% Announcing consolidated capital expenditure plan of $28.0 billion, inclusive of $7.0 billion of capital investment related to data centers MERRILLVILLE, Ind .

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP measures

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

com NiSource announces third quarter results Reaffirming upper half of 2025 non-GAAP adjusted EPS guidance Introducing 2026 non-GAAP consolidated adjusted EPS guidance Extending base plan expected non-GAAP adjusted EPS annual growth guidance of 6%-8% to 2026-2030 Introducing 2026-2033 consolidated non-GAAP adjusted EPS compound annual growth rate of 8%-9% Announcing consolidated capital expenditure plan of $28.0 billion, inclusive of $7.0 billion of capital investment related to data centers MERRILLVILLE, Ind .

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

NiSource is extending its base capital plan to 2030, with base plan non-GAAP adjusted EPS growth expected to be 6%-8% annually, driven by $21.0 billion in base plan capital expenditures and 8%-10% rate base growth from 2026 to 2030.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

The newly consolidated capital expenditure plan of $28.0 billion total is approximately $8.6 billion more than the prior five-year plan, fueled by nearly $7.0 billion in strategic data center investments.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

(GenCo Minority Interest Transaction) BTA Build-transfer agreement CCGT Combined cycle gas turbine 3 DEFINED TERMS CCRs Coal combustion residuals CEO Chief executive officer CEP Ohio capital expenditure program CERCLA Comprehensive Environmental Response Compensation and Liability Act (also known as Superfund) CODM Chief operating decision maker Columbia Operations Reportable segment comprised of the results of NiSource Gas Distribution Group, Inc.

SEC original ↗NiSource — 10-Q Quarterly report10-QOct 28, 2026

Short-Term Borrowings 24 8.

SEC original ↗NiSource — 10-Q Quarterly report10-QOct 28, 2026

Our regulated operations also utilize certain regulatory mechanisms that facilitate recovery of bad debt costs within tariff-based rates, which provides further evidence of collectability.

SEC original ↗NiSource — 10-Q Quarterly report10-QOct 28, 2026

Strategy & priorities

The newly consolidated capital expenditure plan of $28.0 billion total is approximately $8.6 billion more than the prior five-year plan, fueled by nearly $7.0 billion in strategic data center investments.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

With GenCo approved and our new data center agreement in place, we re advancing transformative growth 1 while protecting customers from the costs of large-load development, reinforcing that customer affordability remains at the heart of our strategy.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Forward-looking statements in this press release include, but are not limited to, statements concerning our guidance on adjusted EPS, plans, strategies, objectives, expected performance, expenditures, recovery of expenditures through rates, stated on either a consolidated or segment basis, and any and all underlying assumptions and other statements that are other than statements of historical fact.

SEC original ↗NiSource — Earnings release (8-K exhibit)EX-99Oct 29, 2025

These forward-looking statements include, but are not limited to, statements concerning our plans, strategies, objectives, expected performance, planned expenditures, recovery of expenditures through rates, stated on either a consolidated or segment basis, and any and all underlying assumptions and other statements that are not statements of historical fact.

SEC original ↗NiSource — 10-Q Quarterly report10-QOct 28, 2026

Risks & headwinds

Legal Proceedings 68 Item 1A.

SEC original ↗NiSource — 10-Q Quarterly report10-QOct 28, 2026

We expect that substantially all customer accounts receivable will be collected following customer billing, as this revenue consists primarily of periodic, tariff-based billings for service and usage.

SEC original ↗NiSource — 10-Q Quarterly report10-QOct 28, 2026

Our regulated operations also utilize certain regulatory mechanisms that facilitate recovery of bad debt costs within tariff-based rates, which provides further evidence of collectability.

SEC original ↗NiSource — 10-Q Quarterly report10-QOct 28, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Fortis (FTS) UtilitiesAmerican Water Works (AWK) UtilitiesFirstEnergy (FE) UtilitiesEdison International (EIX) UtilitiesDuke Energy (DUK) UtilitiesPublic Service Enterprise Group (PEG) UtilitiesConstellation Energy (CEG) UtilitiesWEC Energy Group (WEC) Utilities
Documents

Filings

32 documents

Earnings releases

9 documents

Presentations

0 documents

No presentations for NiSource are held in this edition of the library.

Transcripts

0 documents

No transcripts for NiSource are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention NiSource by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.