NI
NiSource Inc.41.43
-0.40-0.96%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
19.61BP/E (TTM)
21.81Basic EPS (TTM)
1.90Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
NiSource delivered FY2025 results with operating revenues up 22% y/y to $6.6B and net income attributable to NiSource up 22% to $930M ($1.95 diluted EPS), driven by rate case wins and infrastructure investments across Columbia and NIPSCO segments. Columbia Operations saw revenues rise 23% y/y to $3.3B on colder weather and new rates, while NIPSCO Operations grew 20% to $3.3B fueled by electric sales up 3% y/y (476GWh) and renewables like Fairbanks/Gibson solar placed in service. Q4 momentum accelerated via ADS data center contract execution, GenCo formation with Blackstone's $1.3B commitment, and $1.6B capex including $1.2B generation transition. Debt rose to $16.2B (51% debt-to-cap) with $2.5B revolver availability; quarterly dividends held at $0.30/share. Data center construction risks could disrupt quarterly momentum.
8-K
NiSource beats 2025 EPS guidance
NiSource reported 2025 GAAP net income of $929.5M ($1.95 EPS), up from $739.7M ($1.62 EPS) in 2024, with non-GAAP adjusted EPS of $1.90 beating guidance. The utility reaffirmed 2026 adjusted EPS guidance of $2.02–$2.07 and 8%-9% CAGR through 2033, backed by $28.0B capex including $7.0B data centers. Momentum builds.
8-K
NiSource ups revolver to $2.5B
8-K
NiSource closes $1B notes
NiSource closed a $1,000,000,000 offering of 5.750% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056 on November 7, 2025, after agreeing terms on November 3. Interest starts at 5.750% until July 15, 2031, then resets no lower than that floor, with semi-annual payments from July 2026. Proceeds fund capital expenditures, working capital, and debt repayment. Deferral option restricts dividends and junior payments.
8-K
NiSource launches $1.5B ATM program
NiSource launched a $1.5 billion at-the-market equity offering program on October 31, 2025, through eleven agents including Barclays and Goldman Sachs, running through December 31, 2028. It replaces a prior $900 million program, incorporating $47.5 million unsold shares, with proceeds earmarked for capital expenditures, working capital, and debt repayment. Forward sales enable flexible settlement. Actual sales hinge on market conditions.
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