Overview

• Utility company reported full-year 2025 adjusted EPS above guidance range

• Adjusted EPS for Q4 beat analyst expectations

• Company reaffirmed 2026 adjusted EPS guidance and long-term growth projections

Outlook

• NiSource reaffirms 2026 non-GAAP consolidated adjusted EPS guidance of $2.02–$2.07

• Company expects to invest $28 bln from 2026–2030 in modernization and data centers

• NiSource anticipates 8%-9% CAGR in non-GAAP adjusted EPS from 2026 to 2033

Result Drivers

• DATA CENTER AGREEMENT - Landmark data center agreement with Amazon contributed to 2025 results, per CEO Lloyd Yates

• UTILITY MODERNIZATION - Co's utility system modernization initiatives supported growth, with $28 bln planned investment from 2026-2030

• EFFICIENCY IMPROVEMENTS - Co focused on leveraging technology to improve efficiency and maintain affordability, per CEO Lloyd Yates

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "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 is $47.00, about 5.1% above its February 10 closing price of $44.73

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

Press Release: ID:nBw1Xj9wca

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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.)