From The Motley Fool · Motley Fool Transcribing · · 2m
NiSource Q3 2026 Earnings Call Highlights
NiSource extends 7-year capital plan to 2033 with $40 billion investment targeting 10-11% EPS growth.
In brief
NiSource extends 7-year capital plan to 2033 with $40 billion investment targeting 10-11% EPS growth. NiSource reported Q3 2026 adjusted EPS of $0.27, narrowed 2026 guidance to upper half of $2.02-$2.07, and initiated 2027 EPS guidance of $2.22-$2.30. Originally reported by The Motley Fool.
Q3 2026 Results
NiSource reported third quarter consolidated adjusted EPS of $0.27, up from $0.19 in same period last year.
2026 Guidance Narrowed
Full year 2026 EPS guidance narrowed to upper half of $2.02 to $2.07 per share.
2027 EPS Guidance
Initiated 2027 adjusted EPS guidance of $2.22 to $2.30 per share, representing double-digit growth.
7-Year Capital Plan
Extended capital plan to seven years through 2033 with $40 billion total investment.
Base Plan Investments
Budgeted $32 billion for gas system modernization and electric resiliency through 2033.
GenCo Investments
Projected $8 billion for infrastructure supporting data center customers through 2033.
EPS Growth Target
Increased consolidated adjusted EPS growth target to 10-11% annually through 2033.
Customer Savings
Projected $1.75 billion in bill credits for NIPSCO electric customers from data center agreements.
Microsoft Agreement
Signed 20-year term starting 2028 adding 1,100 megawatts of capacity including 600 megawatts battery storage.
Data Center Pipeline
Signed capacity reached 5 gigawatts across five agreements with 4 gigawatts potential load in pipeline.
Residential Bill Impact
Expected annual savings of $140 per average customer at full ramp of current GenCo agreements.
Investment Recovery
Converting over 90% of capital investments into initial recovery within 12 months of investment.
Equity Funding
Expected issuance of $400 million to $600 million in maintenance equity annually with needs declining to minimal levels starting 2032.
FFO to Debt Ratio
Commitment to maintain FFO to debt ratio of 14-16% in all years of planning horizon.
GenCo EPS Contribution
Forecasted to contribute $0.32 to $0.40 in 2030 and increasing to $0.52 to $0.68 by 2033.
Cost Optimization
Progressing on more than $40 million of identified initiatives to improve operational efficiency.
The takeaway
NiSource reported Q3 2026 adjusted EPS of $0.27, narrowed 2026 guidance to upper half of $2.02-$2.07, and initiated 2027 EPS guidance of $2.22-$2.30.
