$NI · NISOURCE INC.
NiSource reported Q3 2026 GAAP EPS of $0.27, up from $0.20 in Q3 2025, with non-GAAP adjusted EPS also at $0.27 versus $0.19 a year ago. The company narrowed its 2026 non-GAAP consolidated adjusted EPS guidance to the upper half of $2.02–$2.07 and introduced 2027 guidance of $2.22–$2.30. NiSource also extended its capital plan through 2033 with $40.0 billion in total planned expenditures, targeting a 10-11% consolidated non-GAAP adjusted EPS CAGR for 2027-2033.
- Q3 2026 GAAP EPS of $0.27 vs. $0.20 in Q3 2025, a 35% YoY increase.
- Q3 2026 non-GAAP adjusted EPS of $0.27 vs. $0.19 in Q3 2025, a 42% YoY increase.
- 2026 non-GAAP consolidated adjusted EPS guidance narrowed to upper half of $2.02–$2.07 range.
- 2027 non-GAAP consolidated adjusted EPS guidance introduced at $2.22–$2.30.
- Seven-year capital plan of $40.0 billion through 2033, including $8.0 billion for data center investments.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
NiSource delivered a rare utility-sector trifecta: a Q3 beat, raised near-term guidance, and a seven-year growth plan extension targeting 10-11% EPS CAGR — well above the 6-8% utility norm.
NiSource's $40.0B seven-year capital plan and 10-11% consolidated EPS CAGR target through 2033 positions it among the most aggressive growth profiles in the regulated utility sector, driven by data center load rather than traditional rate base expansion alone.
Data center strategy execution risk: ability to finance and construct $8.0B in data center investments, customer contract performance/default risk, and MISO accreditation changes could materially impact the 10-11% consolidated EPS CAGR target.