NiSource Inc. stock (US65473P1057): Q1 2026 results and raised EPS growth outlook

NiSource Inc. reported stronger first?quarter 2026 revenue and earnings and raised its long?term EPS growth target, supporting its dividend and infrastructure investment plans.

NiSource Inc. has reported higher first?quarter 2026 operating revenue and net income, while reaffirming its 2026 earnings guidance and raising its long?term EPS growth outlook. The utility holding company, listed on the New York Stock Exchange under the ticker NI, posted operating revenue of $2.36 billion and diluted EPS of $1.06 for the three months ended March 31, 2026, up from $2.18 billion and $1.00 in the prior?year quarter, according to its 10?Q filing and earnings release.StockTitan as of 05/09/2026NiSource IR as of 05/09/2026

On the same day, NiSource reaffirmed its 2026 non?GAAP consolidated adjusted EPS guidance of $2.02–$2.07 and increased its projected compound annual growth rate for that metric to 9%–10% from 2026 through 2033, up from a prior range of 7%–8%. The company also highlighted continued capital investment in gas distribution, electric generation and data?center?linked infrastructure, which supports its dividend and long?term rate?base growth story for US investors.NiSource IR as of 05/09/2026

As of 09.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: NiSource Inc.
• Sector/industry: Regulated utilities (gas and electric distribution)
• Headquarters/country: Merrillville, Indiana, United States
• Core markets: Midwest and mid?Atlantic US states
• Key revenue drivers: Regulated gas and electric tariffs, infrastructure investment, data?center?linked power and storage
• Home exchange/listing venue: New York Stock Exchange (ticker NI)
• Trading currency: USD

NiSource Inc.: core business model

NiSource Inc. operates as a regulated utility holding company with two main segments: Columbia Gas and NIPSCO (Northern Indiana Public Service Company). Columbia Gas provides natural?gas distribution to residential, commercial and industrial customers across several Midwest and mid?Atlantic states, while NIPSCO supplies both electricity and natural gas to customers in northern Indiana.NiSource corporate site as of 05/09/2026

The company’s earnings are largely driven by state?approved rate cases and infrastructure investment programs, which allow it to earn a regulated return on its capital base. This structure makes NiSource attractive to income?oriented US investors seeking relatively stable cash flows, although it remains exposed to regulatory decisions, weather?related demand swings and interest?rate?sensitive financing costs.NiSource corporate site as of 05/09/2026

Main revenue and product drivers for NiSource Inc.

In the first quarter of 2026, NiSource’s operating revenue rose to $2.36 billion from $2.18 billion a year earlier, with both Columbia and NIPSCO contributing higher operating income. The increase reflects higher customer revenues in gas distribution and electric generation, even as costs for energy, operations and depreciation also climbed.StockTitan as of 05/09/2026

Net income attributable to NiSource grew to $507.1 million from $474.8 million, and diluted EPS improved to $1.06 from $1.00. Operating cash flow of $442.3 million was lower than the prior?year quarter’s $686.4 million, partly due to working?capital movements, while capital expenditures rose to $805.2 million as the company continued to invest in gas?main replacement, grid modernization and generation assets.StockTitan as of 05/09/2026

NiSource is also advancing a data?center?linked strategy through its GenCo and NIPSCO units, adding long?term energy?storage and capacity agreements and expanding renewable and generation assets backed by variable?interest entities. These initiatives aim to capture incremental demand from hyperscale data centers while maintaining a regulated?asset?heavy profile for US investors.StockTitan as of 05/09/2026

Why NiSource Inc. matters for US investors

For US retail investors, NiSource offers exposure to regulated gas and electric utilities in a diversified set of Midwest and mid?Atlantic states, a region that remains central to both industrial activity and data?center growth. The company’s dividend yield, which recent market data places around 2.6%, and its multi?year EPS growth target of 9%–10% through 2033 may appeal to income?oriented and growth?at?a?reasonable?rate investors alike.Robinhood as of 05/09/2026

At the same time, NiSource’s reliance on rate?case outcomes, environmental regulations and interest?rate?sensitive debt financing means that its stock can be sensitive to macroeconomic shifts and policy changes. US investors considering NiSource should weigh these regulatory and macro risks against the potential for steady dividend growth and infrastructure?driven earnings expansion.NiSource corporate site as of 05/09/2026

Conclusion

NiSource Inc. has delivered stronger first?quarter 2026 revenue and earnings, supported by higher customer revenues in gas and electric operations and continued infrastructure investment. The company’s decision to raise its long?term EPS growth target to 9%–10% through 2033 underscores its confidence in its regulated?asset base and data?center?linked strategy.NiSource IR as of 05/09/2026

For US investors, NiSource offers a mix of dividend income and infrastructure?driven growth, but its performance will depend on regulatory approvals, interest?rate trends and execution of its capital?investment and data?center plans. The stock’s valuation and yield should be assessed alongside these factors rather than in isolation.Robinhood as of 05/09/2026

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.