Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1571.4%
Neutral628.6%
Bearish00.0%
NiSource Inc · NI · FY2026 Q1 · Calendar Q2 2026
NiSource Q1 EPS Beats on Genco Expansion With Alphabet, Reaffirms 2026 Guidance
NiSource delivered Q1 2026 adjusted EPS of $1.06, narrowly beating the $1.05 consensus while revenue fell short by approximately 6.3%. The quarter's central development was the expansion of the Genco data-center power platform: management announced a new 340 MW partnership with Alphabet and an incremental 400 MW commitment from Amazon, bringing total projected customer savings from Genco agreements to $1.4 billion over 15 years. The capital plan increased by $600 million to approximately $28.6 billion to support these initiatives, and the company raised its long-term EPS CAGR outlook while reaffirming 2026 EPS guidance of $2.02-$2.07. AI-driven productivity initiatives were quantified for the first time, with management citing a 20%+ improvement across operations. Despite these operational advances, the stock declined, with an abnormal move of -2.8% on the report session and -3.5%…
Reported Before market openNYSEUtilities
$21.48B market cap
100quality score
Company context
Snapshot as of publicationNiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.…
Earnings scorecard
Reported versus consensus
Reported EPS
$1.06
Consensus $1
EPS surprise
+1.0%
Reported versus consensus
Reported revenue
$2.36B
Consensus $2.52B
Revenue surprise
-6.3%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$45.07Current
$32Low
$45.5Average
$52High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Keybanc | Overweight | Overweight | Maintain | Jul 23, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 20, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 17, 2026 |
| Citigroup | Neutral | Neutral | Maintain | May 11, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | May 7, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Mar 5, 2026 |
| UBS | Buy | Buy | Maintain | Dec 17, 2025 |
| Mizuho | Outperform | Outperform | Maintain | Dec 4, 2025 |
| Jefferies | Buy | Hold | Upgrade | Oct 31, 2025 |
| Guggenheim | Buy | Buy | Maintain | May 8, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Apr 24, 2025 |
| Credit Suisse | Outperform | Neutral | Upgrade | Nov 9, 2022 |
| Edward Jones | Buy | Hold | Upgrade | Jul 27, 2022 |
| Goldman Sachs | Buy | Neutral | Upgrade | Oct 13, 2021 |
| B of A Securities | Neutral | Neutral | Maintain | Jul 21, 2020 |
| Argus Research | Buy | Hold | Upgrade | Jul 24, 2019 |
| Argus | Buy | Hold | Upgrade | Jul 24, 2019 |
| Bank of America | Neutral | Buy | Downgrade | Apr 22, 2019 |
| Ladenburg Thalmann | Buy | Buy | Maintain | May 19, 2017 |
| Wunderlich Securities | Hold | Hold | Maintain | Aug 1, 2013 |
| Wunderlich | Hold | Hold | Maintain | Aug 1, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $45.07. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| KeyBanc | Sophie Karp | $50 | $46.57 | +10.9% | Jul 23, 2026 |
| Barclays | Analyst unavailable | $51 | $45.97 | +13.2% | Jul 20, 2026 |
| RBC Capital | Stephen D'Ambrisi | $52 | $46.88 | +15.4% | Jul 1, 2026 |
| Evercore ISI | Analyst unavailable | $52 | $46.98 | +15.4% | May 11, 2026 |
| Wells Fargo | Shahriar Pourreza | $51 | $47.78 | +13.2% | Apr 21, 2026 |
| BMO Capital | Analyst unavailable | $51 | $48.39 | +13.2% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $49 | $47.72 | +8.7% | Apr 17, 2026 |
| BMO Capital | Analyst unavailable | $50 | $45.22 | +10.9% | Feb 12, 2026 |
| BMO Capital | Analyst unavailable | $49 | $44.33 | +8.7% | Jan 29, 2026 |
| UBS | Analyst unavailable | $48 | $41.43 | +6.5% | Dec 17, 2025 |
| Barclays | Analyst unavailable | $45 | $42 | -0.2% | Dec 8, 2025 |
| Mizuho Securities | Gabriel Moreen | $50 | $41.88 | +10.9% | Dec 3, 2025 |
| Wells Fargo | Analyst unavailable | $47 | $43.73 | +4.3% | Oct 27, 2025 |
| Barclays | Analyst unavailable | $46 | $43.85 | +2.1% | Oct 21, 2025 |
| Evercore ISI | Analyst unavailable | $45 | $44.17 | -0.2% | Oct 6, 2025 |
| BMO Capital | Analyst unavailable | $47 | $42.57 | +4.3% | Sep 29, 2025 |
| Barclays | Analyst unavailable | $44 | $43.33 | -2.4% | Aug 4, 2025 |
| Mizuho Securities | Gabriel Moreen | $44 | $39.61 | -2.4% | Mar 25, 2025 |
| Argus Research | John Eade | $41 | $36.76 | -9.0% | Dec 31, 2024 |
| Jefferies | Julien Dumoulin-Smith | $39 | $35.14 | -13.5% | Oct 28, 2024 |
| BMO Capital | James Thalacker | $36 | $33.53 | -20.1% | Sep 12, 2024 |
| Bank of America Securities | Ross Fowler | $37 | $33.56 | -17.9% | Sep 12, 2024 |
| BMO Capital | James Thalacker | $34 | $31.05 | -24.6% | Aug 9, 2024 |
| BMO Capital | James Thalacker | $31 | $28.44 | -31.2% | May 9, 2024 |
| Credit Suisse | Analyst unavailable | $32 | $30.58 | -29.0% | Apr 26, 2022 |
| Wells Fargo | Analyst unavailable | $35 | $31.8 | -22.3% | Apr 19, 2022 |
Track every rating change on NI the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
-1.4%
Event window
SPY move
+1.4%
Same window
Abnormal move
-2.8%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-3.5%
Up to 20 sessions
NISPY benchmark
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Try FN2 freeTranscript intelligence
What changed
New 340 MW Alphabet data-center power partnership announced, expanding the Genco platform beyond Amazon. Incremental 400 MW of generation capacity secured for Amazon, accelerating the existing contract ramp-up. Total customer savings from Genco agreements quantified at $1.4 billion over 15 years, up from $1 billion cited in the prior quarter. Capital plan increased by $600 million, bringing total to approximately $28.6 billion. Long-term EPS CAGR outlook raised, while 2026 EPS guidance of $2.02-$2.07 reaffirmed. AI and analytics productivity gains quantified at over 20% across operations. Revenue of $2.36 billion missed the $2.52 billion consensus by approximately 6.3%.
Guidance delta
2026 adjusted EPS guidance of $2.02-$2.07 per share was reaffirmed, unchanged from the prior quarter. Management raised its long-term EPS CAGR outlook, though no specific new range was disclosed in the available analysis. The capital plan was increased by $600 million to approximately $28.6 billion total, reflecting expanded Genco initiatives. Guidance sentiment was maintained.
Key takeaways
- Adjusted EPS of $1.06 beat the $1.05 estimate by approximately 1%, while revenue of $2.36 billion missed by ~6.3%
- Genco platform expanded with both Amazon (incremental 400 MW) and a new Alphabet partnership (340 MW by 2030)
- Total Genco customer savings projected at $1.4 billion over 15 years
- 2026 EPS guidance of $2.02-$2.07 reaffirmed; long-term EPS CAGR outlook raised
- Capital plan increased by $600 million to support Genco growth, bringing total to approximately $28.6 billion
- AI and analytics tools drove a 20%+ productivity improvement across operations
Management priorities
- Deploy additional Genco capacity, targeting an 800 MW pool and up to 3 GW of pipeline opportunities
- Launch the 340 MW Alphabet partnership by 2030
- Accelerate Amazon contract ramp-up with 400 MW of new generation
- Invest in advanced battery storage and AI tools across operations
- Continue engaging regulators to secure expedited approvals for special contracts
Related earnings events
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- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T00:42:10.368456+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.