NiSource Q3 2026: $0.27 EPS beats, 2026 guidance narrowed to top of range
NiSource beat the $0.2345 consensus by $0.0355 a share and pushed 2026 guidance into the upper half of $2.02–$2.07, while extending a $40.0 billion capital plan out to 2033. The earnings line is clean and the long-term growth promise got bigger. Read it alongside one uncomfortable fact: nine-month free cash flow is negative $1.43 billion and cash on hand is $57.5 million.
1 · Expected vs. Actual
Free preview belowGAAP and adjusted EPS were both $0.27, against $0.2345 expected and $0.20 GAAP a year earlier — a 35.0% increase. Net income rose to $129.5 million from $94.7 million, and the adjustments were trivial, so almost none of the beat came from accounting choices. The nine-month adjusted figure of $1.49 versus $1.38 is the calmer number: 8.0% growth rather than 35.0%.
Revenue of $1.30 billion was up 4.7% from $1.24 billion in the same quarter last year, and the nine-month total rose 5.9% to $4.91 billion. NIPSCO supplied $795.7 million of the quarter and Columbia $492.9 million, so this is still a gas-led utility with an electric arm. There is no gross margin line here, which means the cost side of the story has to be read through net income.
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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 2026-11-03
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