# NiSource Q3 2026 Earnings Call Highlights

> NiSource extends 7-year capital plan to 2033 with $40 billion investment targeting 10-11% EPS growth.
- Title: NiSource Q3 2026 Earnings Call Highlights · The Motley Fool
- Summary: 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…
- Keywords: nisource, q3 2026, earnings call, capital plan, 40 billion, eps growth, microsoft, data center, genco, utility, nipsco, columbia gas
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/nisource-ni-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T19:38:32+00:00
- Read time: 2 min
- Topics: nisource, q3 2026, earnings call, capital plan, 40 billion, eps growth, microsoft, data center, genco, utility, nipsco, columbia gas
## 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.
## Key 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.