Overview

* NiSource Q3 2025 adjusted EPS misses analyst expectations

* Company reaffirms 2025 non-GAAP adjusted EPS guidance, introduces 2026 guidance

* Announces $28 bln capital expenditure plan, including $7 bln for data centers

Outlook

* NiSource ( NI ) reaffirms upper half of 2025 non-GAAP adjusted EPS guidance of $1.85-$1.89

* Company expects 2026 non-GAAP consolidated adjusted EPS between $2.02-$2.07

* NiSource ( NI ) projects 6%-8% annual EPS growth from 2026 to 2030

Result Drivers

* CAPITAL EXPENDITURE PLAN - NiSource ( NI ) announced a $28 bln capital expenditure plan, with $7 bln allocated to data centers, driving future growth

* WEATHER IMPACT - Weather variations negatively impacted operating income, affecting adjusted net income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $0.19 $0.19

Adjusted (10

EPS Analysts

)

Q3 EPS $0.20

Q3 Net $94.70

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the multiline utilities peer group is "buy"

* Wall Street's median 12-month price target for NiSource Inc ( NI ) is $46.00, about 5.7% above its October 28 closing price of $43.39

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)