NiSource stock reports mixed Q2 results as BMO cuts target

Published on 10/03/2026 at 21:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NiSource stock closed at USD 39.43 on October 2, 2026, after BMO cut its target from USD 49 to USD 45. Q2 revenue reached USD 1.3424 billion.

Editorialfoto der New Yorker Börsenfassade mit Fahnen und unscharfen Passanten am Abend — NiSource Inc. US65473P1057 gerahmt als Börsen-Editorialfoto der New Yorker Börsenfassade an der Wall Street, Illustration mit AI erstellt.

NiSource Inc. stock (ISIN US65473P1057) closed at USD 39.43 on the NYSE on October 2, 2026, down USD 0.07 or 0.18 percent from the prior close. The latest catalyst is a lower BMO price target, while NiSource continues to defend its 2026 earnings outlook.

Q2 revenue beats expectations

NiSource reported second-quarter 2026 adjusted earnings of USD 0.16 per share, up from a consensus estimate of USD 0.15 but down 27.3 percent from USD 0.22 in the year-ago quarter, according to Zacks in its September 4, 2026 report.

Operating revenue reached USD 1.36 billion in Q2 2026, 5.9 percent above the prior-year quarter and 1.98 percent above consensus. NIPSCO revenue rose 10.4 percent to USD 750.4 million, while Columbia revenue increased 0.8 percent to USD 610.3 million, according to Zacks.

BMO lowers target to USD 45

On September 28, 2026, BMO Capital lowered its NiSource price target from USD 49 to USD 45 while keeping an Outperform rating, as Investing.com reported. The new target is 14.1 percent above the October 2 closing price, calculated from USD 45 and USD 39.43.

The regulatory backdrop explains the caution. BMO cited political and regulatory clarity, while NiSource faces scrutiny around Indiana return-on-equity and tracker proceedings. The company is also pursuing a capital plan that includes USD 21 billion of base investment and USD 7.6 billion of data-center-related spending through 2030, according to Zacks.

Guidance remains unchanged

NiSource reaffirmed 2026 consolidated adjusted EPS guidance of USD 2.02 to USD 2.07 per share and a 2026 to 2033 adjusted EPS compound annual growth target of 9 percent to 10 percent. That unchanged outlook contrasts with the lower analyst target and leaves regulatory execution as the key near-term variable.

Stock stays near yearly low

NiSource closed at USD 39.43 on October 2, 2026, within its USD 38.42 to USD 49.21 52-week range. Volume was 4,151,760 shares and market capitalization was USD 18.9 billion, giving the utility a clear valuation reference as investors weigh income, capital spending and regulatory recovery.