NiSource Q2 2026: GAAP EPS slides to $0.09, free cash flow -$417 million
NiSource's second-quarter GAAP profit fell to $45.5 million from $102.2 million a year ago, and adjusted EPS of $0.16 came in just under the $0.1635 consensus. Total operating revenue rose 4.6% to $1.3424 billion, but depreciation and maintenance costs ate the gain. Guidance was reaffirmed, so the story is spending and cash rather than demand — watch the $28.6 billion capital plan.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS fell to $0.09 from $0.22, and adjusted EPS fell to $0.16 from $0.22 — roughly 2.1% below the $0.1635 consensus. The $0.07 gap between GAAP and adjusted EPS comes from $32.1 million of adjustments, mostly $21.4 million of lockout-related costs and $5.4 million tied to the Value Captured initiative. Even after those add-backs, adjusted profit shrank year over year.
Customer revenues were $1.2895 billion, up 3.4% from $1.2465 billion a year earlier, while total operating revenues including other revenues rose 4.6% to $1.3424 billion. The two growth rates differ because the filing separates customer revenues from other revenues of $52.9 million. Revenue grew, but the costs underneath it grew faster.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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