US Market News
1月前
NiSource Announces First Quarter ResultsMay 6, 2026 6:30 AM
Business Wire GenCo cost savings expand to approximately $1.4 billion for existing customers through Alphabet and Amazon collaboration Raising 2026-2033 non-GAAP consolidated adjusted EPS compound annual growth rate to 9%-10% Reaffirming 2026 non-GAAP consolidated adjusted EPS guidance reflecting approximately 8% year-over-year growth at the midpoint NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the quarter ended March 31, 2026 of $510.7 million, or $1.06 of earnings per diluted share, compared to net income available to common shareholders of $474.8 million, or $1.00 of earnings per diluted share, for the same period of 2025. NiSource also reported first quarter 2026 non-GAAP adjusted net income available to common shareholders of $509.6 million, or $1.06 of consolidated adjusted EPS, compared to consolidated non-GAAP adjusted net income available to common shareholders of $462.3 million, or $0.98 of adjusted EPS, for the same period of 2025. Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP measures. ** NiSource is reaffirming its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07 and raising its consolidated compound annual growth rate (CAGR) with respect to non-GAAP consolidated adjusted EPS to 9%-10% from 2026 through 2033. "We are off to a strong start in 2026, continuing to execute on our strategy and deliver value for our customers, communities, and shareholders," said President and CEO Lloyd Yates. "We are seeing the impact of our GenCo model through new and expanded collaboration with Alphabet and Amazon, which together are expected to deliver approximately $1.4 billion in customer value, drive economic development across Indiana, strengthen our grid and position NiSource to reliably serve the growing energy demand. None of this would be possible without the continued dedication of our employees and partners as we work together to deliver safe, reliable service." **Non-GAAP Disclosure Statement This press release includes financial results and guidance for NiSource with respect to adjusted net income available to common shareholders, base plan adjusted EPS and consolidated adjusted EPS, which are non-GAAP financial measures as defined by the SEC. Commencing in 2026, the company began to present base plan adjusted EPS and consolidated adjusted EPS. As presented, guidance with respect to base plan adjusted EPS, including annual base plan adjusted EPS growth, excludes, in addition to the items historically excluded from adjusted EPS, the impact of data center operations and development activities relating to provision of electric service to current and future data center or other large load customers. The company provides guidance regarding base plan adjusted EPS because it expects that the earnings from its data center operations and development activities will experience a different growth profile compared to the base plan adjusted EPS growth. Providing guidance with respect to base plan adjusted EPS growth, together with guidance regarding consolidated adjusted EPS growth, provides investors with the same information that management considers to evaluate the company’s ongoing business performance and provide greater transparency into the performance of different aspects of our business that are impacted by distinct trends and factors. Consolidated adjusted EPS represents base plan adjusted EPS together with adjusted EPS from our data center operations and development activities. The company includes these measures because management believes they permit investors to view the company’s performance using the same tools that management uses and to better evaluate the company’s ongoing business performance. With respect to guidance on base plan adjusted EPS and consolidated adjusted EPS, NiSource reminds investors that it does not provide a GAAP equivalent of its guidance on base plan adjusted EPS or consolidated adjusted EPS due to the impact of unpredictable factors such as fluctuations in weather, impact of asset sales and impairments and other unusual or infrequent items included in the comparable GAAP measures, which may be material. The company is not able to estimate the impact of such factors on the comparable GAAP measures and, as such, the company is not able to provide a reconciliation of its non-GAAP base plan adjusted EPS guidance or its non-GAAP consolidated adjusted EPS guidance to the comparable GAAP equivalents without unreasonable efforts. Additional Information Additional information for the quarter ended March 31, 2026, is available on the Investors section of www.nisource.com and includes segment and financial information and a presentation. The company alerts investors that it intends to use the Investors section of its website, www.nisource.com, and the company’s social media channels to disseminate important information about the company to its investors. Investors are advised to look at NiSource’s website and social media channels for future important information about the company. About NiSource NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,700 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America’s Best Employers for Women and Diversity. Learn more about NiSource’s record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at www.NiSource.com. The content of our website is not incorporated by reference into this document or any other report or document NiSource files with the Securities and Exchange Commission (“SEC”). NI-F Forward-Looking Statements This Press Release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements in this press release include, but are not limited to, statements concerning our guidance on base and consolidated adjusted EPS, 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. Expressions of future goals and expectations and similar expressions reflecting something other than historical fact, including "may," "will," "should," "could," "would," "aims," "seeks," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," "forecast," and "continue," are intended to identify forward-looking statements. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially. Investors and prospective investors should understand that many factors impact whether any forward-looking statement contained herein will or can be realized. Any one of those factors could cause actual results to differ materially from those projected. Factors that could cause actual results to differ materially from those projected in any forward-looking statement discussed in this Press Release include, among other things: our ability to execute our business plan or growth strategy, including utility infrastructure investments, or business opportunities; our ability to manage data center growth in our service territories; potential incidents and other operating risks associated with our business; our ability to work successfully with our JV partners; our ability to construct, develop and place into service the generation or transmission assets we develop to support our customers under our current and any future data center contracts on time or at all and consistent with initial cost estimates, as well as the performance of such assets once constructed and placed into service; our ability to obtain the significant additional financing required to construct such generation or transmission assets we develop to support data center contracts on favorable terms, if at all; our ability to recover our investments and realize our expected return under our current and any future data center contracts that we enter into; our ability to maintain our investment grade credit ratings as we finance and pursue our data center strategy, including our performance under our current and any future data center contracts that we enter into; our customers' performance under our current and any future data center contracts; any decision by our current data center customers and any future data center customers to terminate our current or any future data center contracts or reduce the committed capacity thereunder; potential changes in the MISO accreditation treatment of capacity resources; our ability to adapt to, and manage costs related to, advances in technology, including alternative energy sources and changes in related laws and regulations; our increased dependency on technology; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the success of our electric generation strategy; construction risks and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy commodities and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demand; our ability to attract, retain or re-skill a qualified workforce and maintain good labor relations; our ability to manage new initiatives and organizational changes; the performance and quality of third-party suppliers and service providers; our ability to manage the financial and operational risks related to achieving our carbon emission reduction goals, including our Net Zero Goal, including any future associated impact from business opportunities such as data center development as those opportunities evolve; regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; potential cybersecurity attacks or security breaches; increased requirements and costs related to cybersecurity; any damage to our reputation; the impacts of natural disasters, acts of terrorism, acts of war or other catastrophic events; the physical impacts of climate change and the transition to a lower carbon future; our debt obligations; any changes to our credit ratings or the credit ratings of certain of our subsidiaries; adverse economic and capital market conditions, including increases in inflation or interest rates, recession, or changes in investor sentiment; the actions of activist stockholders; economic conditions in certain industries; the ability of customers and suppliers to fulfill their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential impairments of goodwill; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; compliance with changes in, or new interpretations of applicable laws, regulations and tariffs; the cost of compliance with environmental laws and regulations and the costs of associated liabilities; changes in tax laws or the interpretation thereof; and other matters set forth in Item 1, "Business," Item 1A, "Risk Factors" and Part II, Item 7, "Management’s Discussion and Analysis of Financial Condition and Results of Operations," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and matters set forth in our subsequent Quarterly Reports on Form 10-Q, some of which risks are beyond our control. In addition, the relative contributions to profitability by each business segment, and the assumptions underlying the forward-looking statements relating thereto, may change over time. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to expected results over time or otherwise, except as required by law. Schedule 1 - Reconciliation of Consolidated Net Income Available to Common Shareholders to Adjusted Net Income Available to Common Shareholders (Non-GAAP) and Consolidated Adjusted Earnings Per Share (Non-GAAP) (unaudited) Three Months Ended March 31, (in millions, except per share amounts) 2026 2025 GAAP Net Income Available to Common Shareholders $ 510.7 $ 474.8 Adjustments to Operating Income: Operating Revenues: Weather - compared to normal(1) 3.7 (16.8 ) Total adjustments to operating income 3.7 (16.8 ) Income Taxes: Tax effect of above items(2) (1.2 ) 4.3 Preferred Dividends: Preferred dividends redemption premium(3) (3.6 ) — Total adjustments to net income (1.1 ) (12.5 ) Adjusted Net Income Available to Common Shareholders (Non-GAAP) $ 509.6 $ 462.3 Diluted Average Common Shares 480.9 472.5 GAAP Diluted Earnings Per Share(4) $ 1.06 $ 1.00 Adjustments to diluted earnings per share — (0.02 ) Consolidated Adjusted Earnings Per Share (Non-GAAP) $ 1.06 $ 0.98 (1)Represents the estimated impact of actual weather during the period compared to expected normal weather. (2)Represents income tax expense associated with adjustments to GAAP amounts calculated using the applicable statutory tax rates for legal entities. (3)Represents the excise tax refund from the 2023 preferred stock redemption premium. (4)GAAP Diluted Earnings Per Share includes the effects of income allocated to participating securities. Please refer to Note 5, "Earnings Per Share," within the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506905193/en/ FOR ADDITIONAL INFORMATION Media
media@nisource.com Investors
investors@nisource.com Original: NiSource Announces First Quarter Results
US Market News
1月前
NiSource Earns Top Sustainability Honors From Dow Jones and MSCIMay 5, 2026 6:57 AM
Business Wire NiSource Inc. (NYSE: NI), one of the largest fully regulated utility companies in the United States, has received two honors recognizing its leadership in sustainability, based on third-party assessments of the company’s long-term economic, environmental and social performance. S&P Dow Jones Indices, a global index provider, named NiSource to its annual Dow Jones Best-in-Class Indices (DJ BIC) for the 12th consecutive year. Formerly known as the Dow Jones Sustainability Indices (DJSI), DJ BIC are float-adjusted, market-capitalization-weighted indices that track equity markets using a sustainability best-in-class selection process. MSCI also reaffirmed NiSource’s AAA ESG rating for the fifth consecutive year. This rating measures a company’s resilience to long-term, industry-specific sustainability risks using a rules-based methodology. MSCI analysts research and rate companies based on their exposure to and management of these risks relative to peers. “These recognitions of our commitment to sustainable practices in our daily operations are greatly appreciated,” said Melody Birmingham, NiSource’s executive vice president and group president for utilities. “It reaffirms our business principles, acknowledges our employees for their hard work and dedication, and signals that our focus on sustainable practices is among the best in the industry.” DJ BIC reflects performance across a broad set of sustainability criteria used in S&P Global’s Corporate Sustainability Assessment, which evaluates how companies manage long-term risks and opportunities. The indices represent the top 20-percent of the largest 600 North American companies in the Broad Market Index and are designed to help investors identify organizations that lead their industries on sustainability-related practices. MSCI ESG Ratings are used by many institutional investors to compare how well companies manage key industry-specific ESG risks and to inform portfolio construction and stewardship activities, including the publication of an annual Sustainability Report. An AAA rating is MSCI’s highest designation. About NiSource NiSource Inc. (NYSE: NI) is one of the largest fully regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,700 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America’s Best Employers for Women and Diversity. Learn more about NiSource’s record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at www.NiSource.com. About S&P Dow Jones Indices S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spglobal.com/spdji. About MSCI MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit our about page. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505953666/en/ MEDIA CONTACT
Reginald Fields
Director, Corporate Communications
380.268.3917
reginaldfields@nisource.com Original: NiSource Earns Top Sustainability Honors From Dow Jones and MSCI
US Market News
2月前
NiSource Announces Strategic Energy Infrastructure Agreements to Enhance Customer Value and Economic Growth in IndianaApril 16, 2026 4:28 PM
Business Wire
New cost savings expand to approximately $1.25 billion for existing customers
Investment fuels economic growth – creating jobs, expanding the tax base, and building a skilled workforce to support long-term innovation and prosperity
Agreements strengthen Indiana’s leadership and collaboration with large technology leaders
NiSource Inc. (NYSE: NI) announced today a new long-term energy agreement with a subsidiary of Alphabet Inc. (Alphabet) that will support the development and operation of a large-scale data center in northern Indiana while providing meaningful benefits to existing customers and local communities.
This marks the second major agreement to leverage NiSource’s innovative solution, NIPSCO Generation LLC (GenCo), which is designed to deliver value to existing system customers while attracting significant economic development to Indiana. (Learn more at www.nipscogenco.com.)
“Our strategy is centered on protecting our customers from cost increases associated with these projects while supporting responsible growth in Indiana,” said NiSource President and CEO Lloyd Yates. “Our broadened collaboration with our technology partners reflects our dedication to delivering reliable energy solutions without compromising customer value.”
Under the contract, service for Alphabet is expected to begin summer 2026. Capacity and energy will be supplied utilizing a GenCo-owned pooled portfolio of electric generation assets for large-load customers and securing market capacity purchases. These assets will upgrade NIPSCO’s electric transmission system, improving grid reliability and resilience for customers and the state of Indiana.
Expanded agreement with Amazon Data Services, Inc.
NiSource also announced today an expanded agreement with Amazon Data Services, Inc. (Amazon). Under the updated agreement, NiSource is accelerating the energization of Amazon sites and associated credits for residential customers. Residents will see the benefits of cost savings and site activation sooner, enabling them to take advantage of improved energy service and bill credits as part of NiSource’s commitment to delivering value through the GenCo model.
GenCo model enhances customer value
The GenCo model is structured to help ensure existing customers benefit directly from the addition of new large electric load, with aggregate cost savings now expected to reach approximately $1.25 billion for existing customers, which is approximately $90-$115 annually for residential customers.
Furthermore, NiSource will make additional contributions to support local communities hosting generation and data center development through a customer fund aggregating to $17 million as a result of the announced GenCo agreements.
NIPSCO and GenCo will provide electric transmission and generation infrastructure to support data centers while coordinating safe and reliable power sourcing. Currently, the GenCo-owned pool portfolio is expected to total approximately 340 MW. These assets, along with seasonal market purchases of up to 175 MW, will meet the requirements of the counterparties.
By employing advanced battery solutions and available market resources to serve customer needs, GenCo will deliver the speed to market which data center customers have sought with increased capacity at an early stage, thereby enhancing the overall benefits of the existing system for customers.
Further operational and financial details on these strategic agreements and NiSource’s approach to supporting data center growth will be shared during the company’s first quarter earnings call.
“The cost savings announced today expand on the previously announced $1 billion in customer savings with Amazon as we continue to work closely with a broad coalition of stakeholders to bring this GenCo vision to life. This is a win for the state, our customers, and our shareholders—and positions NiSource as a continued leader in the utility sector,” said Yates.
Additional Information
Additional information is available on the Investors section of www.nisource.com and www.nipscogenco.com. The company alerts investors that it intends to use the Investors section of its website www.nisource.com and the company’s social media channels to disseminate important information about the company to its investors. Investors are advised to look at NiSource’s website and social media channels for future important information about the company.
About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,700 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America’s Best Employers for Women and Diversity. Learn more about NiSource’s record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at www.NiSource.com.
The content of our website is not incorporated by reference into this document or any other report or document NiSource files with the Securities and Exchange Commission (“SEC”).
NI-F
Forward-Looking Statements
This Press Release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. Forward-looking statements in this press release include, but are not limited to, statements concerning our provision of power to data center customers under certain agreements, cost savings to customers over the life of the data center contracts, protecting customers from cost increases and other statements regarding our plans, strategies, objectives, and expected performance related to data center operations. Expressions of future goals and expectations and similar expressions, including "may," "will," "should," "could," "would," "aims," "seeks," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," "forecast," and "continue," reflecting something other than historical fact are intended to identify forward-looking statements. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially.
Factors that could cause actual results to differ materially from those projected in any forward-looking statement discussed in this Press Release include, among other things: receipt, timing and terms of required regulatory approvals in connection with the agreements and the ability to comply with any conditions associated with such regulatory approvals; the ability of the customer to implement its plans to construct data centers; the impact of public involvement, intervention or litigation with respect to these projects, our ability to execute our business plan or growth strategy, including utility infrastructure investments, or business opportunities; our ability to manage data center growth in our service territories; potential incidents and other operating risks associated with our business; our ability to work successfully with our JV partners; our ability to construct, develop and place into service the generation or transmission assets we develop to support the customer under data center contracts (the "Contract Assets") and any future data center contracts on time or at all and consistent with initial cost estimates, as well as the performance of such assets once constructed and placed into service; our ability to obtain the significant additional financing required to construct the Contract Assets and any other generation or transmission assets we develop to support future data center contracts on favorable terms, if at all; our ability to recover our investments and realize our expected return under the data center contract and any future data center contracts that we enter into; our ability to maintain our investment grade credit ratings as we finance and pursue our data center strategy, including our performance under the data center contract and any future data center contracts that we enter into; our customers' performance under the data center contract and any future data center contracts; any decision by our customer or future customers to terminate the data center contract or future data center contracts or reduce the committed capacity thereunder; potential changes in the MISO accreditation treatment of capacity resources; our ability to adapt to, and manage costs related to, advances in technology, including alternative energy sources and changes in related laws and regulations; our increased dependency on technology; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the success of our electric generation strategy; construction risks and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy commodities and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demand; our ability to attract, retain or re-skill a qualified workforce and maintain good labor relations; our ability to manage new initiatives and organizational changes; the performance and quality of third-party suppliers and service providers; our ability to manage the financial and operational risks related to achieving our carbon emission reduction goals, including our Net Zero Goal, including any future associated impact from business opportunities such as data center development as those opportunities evolve; potential cybersecurity attacks or security breaches; increased requirements and costs related to cybersecurity; the actions of activist stockholders; any damage to our reputation; the impacts of natural disasters, potential terrorist attacks or other catastrophic events; the physical impacts of climate change and the transition to a lower carbon future; our debt obligations; any changes to our credit ratings or the credit ratings of certain of our subsidiaries; adverse economic and capital market conditions, including increases in inflation or interest rates, recession, or changes in investor sentiment; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; economic conditions in certain industries; the ability of customers and suppliers to fulfill their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential impairments of goodwill; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; compliance with changes in, or new interpretations of applicable laws, regulations and tariffs; the cost of compliance with environmental laws and regulations and the costs of associated liabilities; changes in tax laws or the interpretation thereof; and other matters set forth in Item 1, "Business," Item 1A, "Risk Factors" and Part II, Item 7, "Management’s Discussion and Analysis of Financial Condition and Results of Operations," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and matters set forth in our subsequent Quarterly Reports on Form 10-Q, some of which risks are beyond our control. In addition, the relative contributions to profitability by each business segment, and the assumptions underlying the forward-looking statements relating thereto, may change over time.
All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to expected results over time or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260416932168/en/
FOR ADDITIONAL INFORMATION
Media
media@nisource.com
Investors
investors@nisource.com
Original: NiSource Announces Strategic Energy Infrastructure Agreements to Enhance Customer Value and Economic Growth in Indiana
US Market News
4月前
NiSource Announces Full-Year 2025 ResultsFebruary 11, 2026 6:30 AM
Business Wire
Achieved 2025 non-GAAP adjusted EPS above guidance range
Exceeded 2025 non-GAAP FFO/Debt guidance range
Reaffirming 2026 non-GAAP consolidated adjusted EPS guidance
Reaffirming 2026-2033 consolidated non-GAAP adjusted EPS compound annual growth rate of 8%-9%
NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the year ended December 31, 2025 of $929.5 million, or $1.95 of earnings per diluted share, compared to net income available to common shareholders of $739.7 million, or $1.62 of earnings per diluted share, for the year ended December 31, 2024.
NiSource also reported full-year 2025 non-GAAP adjusted net income available to common shareholders of $905.2 million, or $1.90 of adjusted EPS, compared to non-GAAP adjusted net income available to common shareholders of $798.6 million, or $1.75 of adjusted EPS, for the year ended December 31, 2024. Schedule 1 of this press release contains a complete reconciliation of GAAP measures to non-GAAP measures. **
NiSource is reaffirming its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02–$2.07. The company expects to invest approximately $28.0 billion from 2026–2030 under its consolidated capital plan, which includes utility system modernization initiatives and nearly $7.0 billion in strategic data center infrastructure investments. This consolidated investment plan is expected to support an anticipated compound annual growth rate (CAGR) with respect to non-GAAP consolidated adjusted EPS of 8%-9% and consolidated rate base growth of 9%-11% from 2026 through 2033.
“We closed 2025 with significant momentum, delivering on our commitments and advancing a diversified portfolio that spans natural gas, electric, renewables, and a transformative data center project,” said NiSource President and CEO Lloyd Yates. “It’s been a strong year, highlighted by delivering a landmark data center agreement with Amazon and a novel solution that flows back more than $1 billion in savings to retail customers in a differentiated and impactful way. This approach ensures affordability remains top of mind as we continue driving disciplined O&M performance and leveraging technology to improve efficiency.”
“Our pipeline of opportunities remains robust, positioning us for continued growth. With major infrastructure investments underway and an innovative agreement in place, we’re building a resilient, future-ready grid that supports economic development across our footprint. I want to thank our employees and partners for their dedication—together, we’re driving sustainable value for customers and shareholders.”
**Non-GAAP Disclosure Statement
This press release includes financial results and guidance for NiSource with respect to adjusted net income available to common shareholders, adjusted EPS, base plan adjusted EPS and consolidated adjusted EPS, which are non-GAAP financial measures as defined by the SEC. Commencing in 2026, the company will begin to present base plan adjusted EPS and consolidated adjusted EPS. As presented, guidance with respect to base plan adjusted EPS, including annual base plan adjusted EPS growth, excludes, in addition to the items historically excluded from adjusted EPS, the impact of data center operations and development activities relating to provision of electric service to current and future data center or other large load customers. The company provides guidance regarding base plan adjusted EPS because it expects that the earnings from its data center operations and development activities will experience a different growth profile compared to the base plan adjusted EPS growth. Providing guidance with respect to base plan adjusted EPS growth, together with guidance regarding consolidated adjusted EPS growth, will provide investors with the same information that management considers to evaluate the company’s ongoing business performance and provide greater transparency into the performance of different aspects of our business that are impacted by distinct trends and factors. Consolidated adjusted EPS represents base plan adjusted EPS together with adjusted EPS from our data center operations and development activities. The company includes these measures because management believes they permit investors to view the company’s performance using the same tools that management uses and to better evaluate the company’s ongoing business performance. With respect to guidance on adjusted EPS, base plan adjusted EPS and consolidated adjusted EPS, NiSource reminds investors that it does not provide a GAAP equivalent of its guidance on base plan adjusted EPS or consolidated adjusted EPS due to the impact of unpredictable factors such as fluctuations in weather, impact of asset sales and impairments and other unusual or infrequent items included in the comparable GAAP measures, which may be material. The company is not able to estimate the impact of such factors on the comparable GAAP measures and, as such, the company is not able to provide a reconciliation of its non-GAAP base plan adjusted EPS guidance or its non-GAAP consolidated adjusted EPS guidance to the comparable GAAP equivalents without unreasonable efforts.
Additional Information
Additional information for the year ended December 31, 2025, is available on the Investors section of www.nisource.com and includes segment and financial information and a presentation. The company alerts investors that it intends to use the Investors section of its website, www.nisource.com, and the company’s social media channels to disseminate important information about the company to its investors. Investors are advised to look at NiSource’s website and social media channels for future important information about the company.
About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The mission of our approximately 7,700 employees is to deliver safe, reliable energy that drives value to our customers. NiSource is a member of the Dow Jones Sustainability - North America Index and is on Forbes lists of America’s Best Employers for Women and Diversity. Learn more about NiSource’s record of leadership in sustainability, investments in the communities it serves and how we live our vision to be an innovative and trusted energy partner at www.NiSource.com.
The content of our website is not incorporated by reference into this document or any other report or document NiSource files with the Securities and Exchange Commission (“SEC”).
NI-F
Forward-Looking Statements
This Press Release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements in this press release include, but are not limited to, statements concerning our guidance on base and consolidated adjusted EPS, 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. Expressions of future goals and expectations and similar expressions reflecting something other than historical fact, including "may," "will," "should," "could," "would," "aims," "seeks," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," "forecast," and "continue," are intended to identify forward-looking statements. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially. Investors and prospective investors should understand that many factors impact whether any forward-looking statement contained herein will or can be realized. Any one of those factors could cause actual results to differ materially from those projected.
Factors that could cause actual results to differ materially from those projected in any forward-looking statement discussed in this Press Release include, among other things: our ability to execute our business plan or growth strategy, including utility infrastructure investments, or business opportunities; our ability to manage data center growth in our service territories; potential incidents and other operating risks associated with our business; our ability to work successfully with our JV partners; our ability to construct, develop and place into service the generation or transmission assets we develop to support the customer under the data center contract (the "Contract Assets") and any future data center contracts on time or at all and consistent with initial cost estimates, as well as the performance of such assets once constructed and placed into service; our ability to obtain the significant additional financing required to construct the Contract Assets and any other generation or transmission assets we develop to support future data center contracts on favorable terms, if at all; our ability to recover our investments and realize our expected return under the data center contract and any future data center contracts that we enter into; our ability to maintain our investment grade credit ratings as we finance and pursue our data center strategy, including our performance under the data center contract and any future data center contracts that we enter into; our customers' performance under the data center contract and any future data center contracts; any decision by our customer or future customers to terminate the data center contract or future data center contracts or reduce the committed capacity thereunder; potential changes in the MISO accreditation treatment of capacity resources; our ability to adapt to, and manage costs related to, advances in technology, including alternative energy sources and changes in related laws and regulations; our increased dependency on technology; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the success of our electric generation strategy; construction risks and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy commodities and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demand; our ability to attract, retain or re-skill a qualified workforce and maintain good labor relations; our ability to manage new initiatives and organizational changes; the performance and quality of third-party suppliers and service providers; our ability to manage the financial and operational risks related to achieving our carbon emission reduction goals, including our Net Zero Goal, including any future associated impact from business opportunities such as data center development as those opportunities evolve; potential cybersecurity attacks or security breaches; increased requirements and costs related to cybersecurity; the actions of activist stockholders; any damage to our reputation; the impacts of natural disasters, potential terrorist attacks or other catastrophic events; the physical impacts of climate change and the transition to a lower carbon future; our debt obligations; any changes to our credit ratings or the credit ratings of certain of our subsidiaries; adverse economic and capital market conditions, including increases in inflation or interest rates, recession, or changes in investor sentiment; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; economic conditions in certain industries; the ability of customers and suppliers to fulfill their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential impairments of goodwill; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; compliance with changes in, or new interpretations of applicable laws, regulations and tariffs; the cost of compliance with environmental laws and regulations and the costs of associated liabilities; changes in tax laws or the interpretation thereof; and other matters set forth in Item 1, "Business," Item 1A, "Risk Factors" and Part II, Item 7, "Management’s Discussion and Analysis of Financial Condition and Results of Operations," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and matters set forth in our subsequent Quarterly Reports on Form 10-Q, some of which risks are beyond our control. In addition, the relative contributions to profitability by each business segment, and the assumptions underlying the forward-looking statements relating thereto, may change over time.
All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to expected results over time or otherwise, except as required by law.
Schedule 1 - Reconciliation of Consolidated Net Income Available to Common Shareholders to Adjusted Net Income Available to Common Shareholders (Non-GAAP) and Adjusted Earnings Per Share (Non-GAAP) (unaudited)
Three Months Ended
December 31,
Twelve Months Ended
December 31,
(in millions, except per share amounts)
2025
2024
2023
2025
2024
2023
GAAP Net Income Available to Common Shareholders
$
257.8
$
223.9
$
225.6
$
929.5
$
739.7
$
661.7
Adjustments to Operating Income:
Operating Revenues:
Weather - compared to normal(1)
(11.5
)
9.8
13.4
(32.6
)
60.4
60.6
Total adjustments to operating income
(11.5
)
9.8
13.4
(32.6
)
60.4
60.6
Income Taxes:
Tax effect of above items(2)
2.9
(2.5
)
(3.3
)
8.3
(15.5
)
(15.8
)
Preferred Dividends:
Preferred dividends redemption premium(3)
—
—
3.6
—
14.0
9.8
Total adjustments to net income
(8.6
)
7.3
13.7
(24.3
)
58.9
54.6
Adjusted Net Income Available to Common Shareholders (Non-GAAP)
$
249.2
$
231.2
$
239.3
$
905.2
$
798.6
$
716.3
Diluted Average Common Shares
479.7
469.9
449.3
474.5
456.0
447.9
GAAP Diluted Earnings Per Share(4)
$
0.53
$
0.47
$
0.50
$
1.95
$
1.62
$
1.48
Adjustments to diluted earnings per share
(0.02
)
0.02
0.03
(0.05
)
0.13
0.12
Adjusted Earnings Per Share (Non-GAAP)
$
0.51
$
0.49
$
0.53
$
1.90
$
1.75
$
1.60
(1)Represents the estimated impact of actual weather during the period compared to expected normal weather. Beginning in 2024, the adjustment for NIPSCO Operations excludes the impact of non-controlling interest.
(2)Represents income tax expense associated with adjustments to GAAP amounts calculated using the applicable statutory tax rates for legal entities.
(3)Represents the difference between the carrying value on the redemption date of the Series B Preferred Stock and the total amount of consideration paid to redeem.
(4)GAAP Diluted Earnings Per Share includes the effects of income allocated to participating securities. Please refer to Note 5, "Earnings Per Share," within the Company's Annual Report on Form 10-K for the period ended December 31, 2025.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260211129696/en/
Media
media@nisource.com
Investors
investors@nisource.com
Original: NiSource Announces Full-Year 2025 Results
stocktrademan
11年前
$NI DD Notes ~ http://www.ddnotesmaker.com/NI
bullish
$NI recent news/filings
## source: finance.yahoo.com
Fri, 05 Dec 2014 22:41:00 GMT ~ NiSource closes on revolving credit facilities to support post-separation operations
[at noodls] - MERRILLVILLE, Ind., Dec. 5, 2014 /PRNewswire/ -- NiSource Inc. companies today closed on a combined $3.5 billion of revolving credit capacity in three, five-year facilities. ... This is an abstract of ...
read full: http://www.noodls.com/view/081C2917E58BE4CAD62F7F0FA17284FE5BA27174
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Fri, 05 Dec 2014 22:01:04 GMT ~ NISOURCE INC/DE Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obliga
read full: http://biz.yahoo.com/e/141205/ni8-k.html
*********************************************************
Fri, 05 Dec 2014 22:00:00 GMT ~ NiSource closes on revolving credit facilities to support post-separation operations
[PR Newswire] - MERRILLVILLE, Ind., Dec. 5, 2014 /PRNewswire/ -- NiSource Inc. companies today closed on a combined $3.5 billion of revolving credit capacity in three, five-year facilities. "Having these credit facilities in place now helps ensure both companies are ready to operate independently upon separation and beyond," NiSource President and CEO Robert C. Skaggs Jr. said.
read full: http://finance.yahoo.com/news/nisource-closes-revolving-credit-facilities-220000018.html
*********************************************************
Thu, 04 Dec 2014 20:33:03 GMT ~ NISOURCE INC/DE Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial St
read full: http://biz.yahoo.com/e/141204/ni8-k.html
*********************************************************
Wed, 03 Dec 2014 12:00:00 GMT ~ Post-separation leaders named for Columbia Pipeline Group, NiSource
[PR Newswire] - MERRILLVILLE, Ind. and HOUSTON, Dec. 3, 2014 /PRNewswire/ -- NiSource Inc. (NI) today named key leaders expected to guide Columbia Pipeline Group Inc. (CPG) and NiSource following the planned separation of the two energy companies in mid-2015. In September 2014, NiSource announced plans to separate its natural gas pipeline and related businesses into a stand-alone publicly traded company, CPG, with NiSource becoming a pure-play regulated natural gas and electric utilities company.
read full: http://finance.yahoo.com/news/post-separation-leaders-named-columbia-120000888.html
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$NI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$NI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/NI/company-info
Ticker: $NI
OTC Market Place: Not Available
CIK code: 0001111711
Company name: NiSource, Inc. (Holding Company)
Company website: http://www.nisource.com
Incorporated In: DE, USA
$NI share structure
## source: otcmarkets.com
Market Value: $13,916,048,330 a/o Dec 26, 2014
Shares Outstanding: 315,699,826 a/o Oct 23, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$NI extra dd links
Company name: NiSource, Inc. (Holding Company)
Company website: http://www.nisource.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/NI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/NI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=NI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=NI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=NI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/NI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/NI/news - http://finance.yahoo.com/q/h?s=NI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/NI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/NI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/NI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/NI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/NI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/NI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/NI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/NI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=NI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/NI
DTCC (dtcc.com): http://search2.dtcc.com/?q=NiSource%2C+Inc.+%28Holding+Company%29&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=NiSource%2C+Inc.+%28Holding+Company%29
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=NiSource%2C+Inc.+%28Holding+Company%29&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.nisource.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.nisource.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.nisource.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/NI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/NI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/NI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/NI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/NI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001111711&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/NI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/NI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/NI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/NI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=NI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=NI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/NI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=NI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=NI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=NI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=NI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=NI+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/NI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=NI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/NI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=NI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/NI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/NI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/NI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/NI/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/NI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/NI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/NI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=NI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=NI
$NI DD Notes ~ http://www.ddnotesmaker.com/NI