NiSource, Inc NI
- Market cap
- $18.8B
- P/E
- 21.0×
Follow NI
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19.05 | 21.65 | 22.44 | 24.69 | 19.56 | 21.09 | 23.78 | 22.86 | 24.80 | 35.51 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 26.94 | 27.76 | 28.11 | 30.67 | 30.46 | 27.85 | 32.59 | 28.95 | 38.56 | 44.88 |
High Price
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| 8,007 | 8,175 | 8,087 | 8,363 | 7,389 | 7,342 | 7,162 | 7,411 | 7,746 | 7,738 |
Employees
|
|||
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 4,493 | 4,875 | 5,115 | 5,209 | 4,682 | 4,900 | 5,851 | 5,505 | 5,455 | 6,642 |
Revenue
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|||
| 69.06% | 68.84% | 65.56% | 70.54% | 76.31% | 71.58% | 63.93% | 72.15% | 79.25% | 76.15% |
Gross Margin
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|||
| 514 | 443 | (231) | 507 | (31) | 707 | 956 | 814 | 1,003 | 1,216 |
EBT
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|||
| 11.43% | 9.09% | (4.51%) | 9.73% | (0.67%) | 14.42% | 16.35% | 14.78% | 18.38% | 18.31% |
EBT Margin
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| 332 | 129 | (51) | 383 | (14) | 589 | 792 | 674 | 845 | 1,013 |
Net Income
|
|||
| 555 | 578 | 607 | 717 | 726 | 748 | 821 | 908 | 1,043 | 1,168 |
Depreciation
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|||
| 13.96 | 14.80 | 14.35 | 13.91 | 12.18 | 12.45 | 14.37 | 13.23 | 12.01 | 14.05 |
Revenue/Sh
|
|||
| 1.03 | 0.39 | (0.18) | 0.88 | (0.19) | 1.35 | 1.84 | 1.59 | 1.63 | 1.96 |
Earnings/Sh
|
|||
| 2.50 | 2.25 | 1.52 | 4.23 | 2.87 | 3.09 | 3.46 | 4.65 | 3.92 | 5.00 |
Cash Flow/Sh
|
|||
| (4.58) | (5.15) | (5.10) | (4.81) | (1.67) | (4.67) | (5.41) | (6.36) | (5.76) | (5.88) |
Capex/Sh
|
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| (2.09) | (2.89) | (3.58) | (0.58) | 1.20 | (1.58) | (1.95) | (1.71) | (1.83) | (0.89) |
Free CF/Sh
|
|||
| 12.65 | 13.12 | 16.13 | 15.98 | 15.19 | 18.48 | 19.41 | 24.36 | 23.49 | 24.66 |
Book Value/Sh
|
|||
| 322 | 329 | 357 | 375 | 384 | 394 | 407 | 416 | 454 | 473 |
Shares
|
|||
| 21.97 | 65.03 | 0.00 | 31.64 | 0.00 | 20.45 | 14.91 | 16.99 | 22.69 | 21.31 |
PE Ratio
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| 1.59 | 1.71 | 1.77 | 2.00 | 1.88 | 2.22 | 1.91 | 2.04 | 3.06 | 2.97 |
PS Ratio
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| 1.75 | 1.93 | 1.86 | 2.04 | 1.78 | 1.90 | 1.76 | 1.16 | 1.57 | 1.69 |
PB Ratio
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| 3.34 | 3.55 | 3.53 | 3.82 | 3.94 | 4.20 | 3.83 | 4.19 | 5.58 | 5.39 |
EV/Sales
|
|||
| (22.35) | (18.16) | (14.14) | (91.10) | 39.92 | (33.18) | (28.24) | (32.48) | (36.59) | (85.30) |
EV/FCF
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| 803 | 742 | 540 | 1,583 | 1,104 | 1,218 | 1,409 | 1,935 | 1,782 | 2,362 |
Op' Cash Flow
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| (1,475) | (1,696) | (1,816) | (1,802) | (642) | (1,838) | (2,203) | (2,646) | (2,614) | (2,782) |
Capex
|
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| (672) | (954) | (1,276) | (219) | 462 | (620) | (794) | (711) | (832) | (420) |
FCF
|
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| (1,690) | (1,415) | (1,981) | (1,892) | (620) | (825) | (2,076) | (766) | (2,033) | (1,080) |
Working Cap'
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| 7,909 | 9,002 | 9,133 | 9,643 | 9,746 | 9,802 | 11,316 | 14,128 | 13,960 | 16,214 |
Total Debt
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| 7,873 | 8,964 | 9,012 | 9,494 | 9,621 | 9,707 | 11,240 | 11,847 | 13,762 | 16,078 |
Net Debt
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|||
| 4,071 | 4,320 | 5,751 | 5,987 | 5,838 | 7,273 | 7,902 | 10,136 | 10,668 | 11,660 |
Sh' Equity
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| 1.83% | 0.66% | (0.31%) | 1.48% | (0.33%) | 2.29% | 2.94% | 2.29% | 2.35% | 2.75% |
ROA
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| 4.53% | 4.33% | 0.53% | 3.60% | 2.23% | 3.71% | 4.13% | 3.68% | 3.72% | 4.14% |
ROIC
|
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| 8.38% | 3.06% | (1.43%) | 6.57% | (1.44%) | 9.92% | 12.40% | 8.27% | 7.28% | 8.33% |
ROE
|
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NiSource, Inc peers in Utilities Regulated Gas
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| ATO Atmos Energy Corporation | $26.4B | 18.5× | Compare |
| UGI UGI Corporation | $7.8B | 11.7× | Compare |
| SWX Southwest Gas Corporation | $5.9B | 10.7× | Compare |
| BKH Black Hills Corporation | $5.3B | 17.7× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| NJR NewJersey Resources Corporation | $5.2B | 13.9× | Compare |
| SR Spire Inc. | $4.5B | 8.6× | Compare |
| OGS ONE Gas, Inc. | $4.5B | 15.4× | Compare |
| MDU MDU Resources Group, Inc. | $3.9B | 19.7× | Compare |
NI metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
NiSource, Inc (NI) key facts
- NiSource, Inc (NI) is an Utilities Regulated Gas company in the Utilities sector, listed on the New York Stock Exchange.
- As of September 25, 2026, NI traded at $39.42, a market capitalization of $18.8 billion.
- NiSource, Inc pays an annual dividend of $1.00 per share, a yield of 3.99%, with a payout ratio of 67.4%.
- Return on equity was 8.33% and debt-to-equity 1.46.
NiSource, Inc (NI) Latest News
10 Sep
Pennsylvania Big Six gas utilities' $11 billion pipeline spending has caused 67% surge in gas utility bills. Pipeline cost surge raises utility rates with potential regulatory and customer impacts for NiSource.
16 Aug
NiSource posts elevated quarterly costs that obscure a major strategic bet on long-term positioning and growth initiatives. The larger strategic bet signals potential major shifts in NiSource trajectory and investor outlook beyond near-term cost pressures.
12 Aug
NiSource Inc held its Q2 2026 earnings call, covering quarterly financial results, operational performance, and forward-looking guidance. Quarterly earnings and guidance typically influence short-term stock sentiment without altering long-term fundamentals.
9 Aug
NiSource reported a Q2 profit drop despite higher revenue, which could undermine the prior bull case for the stock. Single-quarter profit decline may pressure near-term sentiment and valuation but is unlikely to alter long-term fundamentals.
NiSource reported mixed Q2 results with the stock assessed as still 15% below fair value. Mixed quarterly results can influence financial perception and short-term sentiment without shifting core operations or long-term trajectory.
8 Aug
NiSource reported Q2 earnings call highlights covering financial results, operational updates and forward guidance for the utility company. Quarterly earnings details can move near-term sentiment and valuation but are unlikely to alter the company's long-term regulated utility trajectory.
5 Aug
NiSource Q2 earnings topped estimates due to NIPSCO gains and rising data center demand. Q2 beat plus data center demand signals major revenue growth potential for NiSource.
NiSource Inc reaffirmed its full-year guidance in the Q2 2026 earnings call while highlighting data center demand as a growth driver for its utility operations. Reaffirmed guidance combined with data center exposure points to steady operations plus incremental long-term demand without immediate fundamental shifts.
NiSource Inc. presented Q2 2026 earnings results and outlook during its earnings call. Q2 earnings call delivers updated financial results and guidance that can shift near-term investor sentiment.
NiSource (NI) beat Q2 earnings and revenue estimates. Quarterly earnings beats can lift short-term share prices and sentiment for utilities.
NiSource reports second quarter financial results including revenue, earnings and operational metrics. Quarterly earnings release supplies performance data likely to affect near-term stock sentiment without altering long-term strategy.
20 Jul
NiSource Inc prepares for its next quarterly earnings release, with focus on expected revenue, EPS figures, and any updates to operational or financial guidance for the utility provider. Preview of upcoming earnings can shape near-term investor sentiment and stock volatility but rarely shifts long-term company trajectory.
2 Jul
RBC highlights NiSource's above-peer EPS growth and favorable data center setup in Indiana. RBC note on EPS outperformance and Indiana data center prospects may lift near-term investor sentiment for NiSource.
29 Jun
Indiana approved the complete legal and regulatory framework for Amazon data center expansion, increasing power demand in NiSource service territory. Amazon data center expansion raises electricity demand in NiSource Indiana territory.
23 Jun
Regulatory approvals affirm NiSource’s customer-focused data center strategy supporting growth in Indiana. Approvals clear path for NiSource data center expansion that can drive material load growth and earnings.
11 Jun
NiSource gains from systematic investment and expanding data center demand. Systematic investments combined with rising data center power needs drive material growth in NiSource operations and investor outlook.
13 May
NiSource (NI) posted strong Q1 results and secured new debt financing, raising questions on whether this shifts its regulated infrastructure narrative. Strong Q1 results and new debt financing enable expanded infrastructure investments, significantly boosting NiSource's financial flexibility and market outlook.
NiSource Inc. released Q1 earnings call highlights detailing quarterly financial results, operational updates, and forward guidance. Q1 earnings highlights provide insight into financial performance with moderate influence on market sentiment and near-term trajectory.
6 May
NiSource Inc. (NI) released the transcript of its Q1 2026 earnings call. Q1 2026 earnings call transcript discloses financial results, operational updates, and future guidance directly affecting investor sentiment and stock trajectory.
NiSource Inc. released Q1 2026 earnings call summary highlighting financial results, operational updates, and forward guidance. Q1 earnings summary impacts financial performance and market sentiment but is limited to quarterly updates.
NiSource Q1 earnings matched analyst estimates despite revenues lagging expectations; EPS growth rate increased. Q1 earnings met estimates with revenue shortfalls offset by EPS growth, indicating moderate financial influence.
NiSource Inc. (NI) reported first-quarter earnings that matched analyst estimates. Matching Q1 earnings estimates influences short-term market sentiment and financial perception but lacks transformative upside.
NiSource, Inc. (NI) announced first quarter results. First quarter earnings disclosure affects financial performance and market sentiment moderately.
5 May
NiSource Inc. (NI) prepares to report Q1 earnings, with analysts forecasting steady revenue growth, regulatory updates, and guidance that could sway stock performance amid rising natural gas demand and infrastructure investments. Upcoming Q1 earnings disclosure may moderately impact NiSource's financial results and investor sentiment without fundamentally altering long-term trajectory.
29 Apr
NiSource Inc. (NI) earnings expected to grow amid positive outlook, prompting debate on whether to buy the stock. Expected earnings growth signals moderate positive influence on financial performance and investor sentiment.
26 Apr
NiSource (NI) secures major power supply deals with Alphabet and Amazon for data centers, potentially strengthening its bull case amid surging demand. Power deals with Alphabet and Amazon tap into explosive data center growth, driving significant revenue and boosting NiSource's market trajectory.
18 Apr
Amazon.com, Inc. (AMZN) expands its partnership with NiSource, Inc. (NI). Expanded partnership with Amazon signals major strategic growth for NiSource's operations and investor sentiment.
17 Apr
NiSource signs power purchase deal with Alphabet and expands existing agreement with Amazon to supply energy. Power deals with Alphabet and Amazon expansion secure major revenue streams from high-demand tech clients, significantly boosting NiSource's growth trajectory.
NiSource Inc. (NI) stock jumps after securing power supply deals with major tech giants to support their data center expansions. Power deals with tech giants lock in long-term revenue growth amid surging data center demand.
16 Apr
NiSource signs long-term power deal with Alphabet and expands existing agreement with Amazon. Long-term power supply contracts with major tech giants like Alphabet and Amazon provide stable revenue growth and strengthen NiSource's position in high-demand data center markets.