Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1571.4%
Neutral628.6%
Bearish00.0%
NiSource Inc · NI · FY2026 Q2 · Calendar Q3 2026
NiSource holds guidance as GenCo growth advances
The Q2 update supports a constructive but conditional view: management paired maintained guidance with continued data-center and regulatory growth initiatives, while recovery timing, affordability, and execution risks remain material.
Reported Before market openNYSEUtilities
$19.42B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.16
Consensus $0.16
EPS surprise
+1.4%
Reported versus consensus
Reported revenue
$1.34B
Consensus $1.15B
Revenue surprise
+17.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.6%
Event window
SPY move
-0.2%
Same window
Abnormal move
-3.4%
Stock minus SPY
Volume
2.9×
Versus trailing sessions
Subsequent drift
-4.1%
Up to 20 sessions
NISPY benchmark
Ask FN2 about NI FY2026 Q2
Transcript, numbers and history already loaded
Why did NI fall 3.6% after beating EPS estimates in FY2026 Q2?What changed in NI's guidance and outlook in FY2026 Q2?Give me the bull and bear case for NI after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, the supplied analysis emphasized regulatory approvals and filings, maintained the capital plan, and added detail on cost optimization and the federal order affecting the Schahfer plant. The data-center strategy remained central, while affordability and recovery timing stayed key watchpoints.
Guidance delta
Full-year EPS guidance was maintained at the prior-quarter level; the supplied analysis indicates confidence in second-half earnings growth.
Key takeaways
- Management maintained full-year EPS guidance and described the data-center strategy as a major growth driver.
- Regulatory progress in Virginia, Kentucky, and Indiana supports the recovery framework, but timing remains important.
- The base capital plan was maintained while management highlighted GenCo opportunities and cost optimization.
- Weather-related outages, affordability pressure, and federal requirements offset part of the positive operating picture.
Management priorities
- Advance data-center load and GenCo opportunities.
- Pursue rate cases and tracker mechanisms to support capital recovery.
- Continue cost optimization and AI-enabled operational efficiency.
- Maintain balanced financing while executing infrastructure investment.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$40.16Current
$32Low
$45.36Average
$52High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 22, 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 |
|---|---|---|---|---|
| Mizuho | Outperform | Outperform | Maintain | Aug 26, 2026 |
| Ladenburg Thalmann | Buy | Buy | Maintain | Aug 17, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 7, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 23, 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 |
| 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 |
| 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 $40.16. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Gabriel Moreen | $48 | $40.97 | +19.5% | Aug 26, 2026 |
| KeyBanc | Sophie Karp | $50 | $46.57 | +24.5% | Jul 23, 2026 |
| Barclays | Analyst unavailable | $51 | $45.97 | +27.0% | Jul 20, 2026 |
| RBC Capital | Stephen D'Ambrisi | $52 | $46.88 | +29.5% | Jul 1, 2026 |
| Evercore ISI | Analyst unavailable | $52 | $46.98 | +29.5% | May 11, 2026 |
| Wells Fargo | Shahriar Pourreza | $51 | $47.78 | +27.0% | Apr 21, 2026 |
| BMO Capital | Analyst unavailable | $51 | $48.39 | +27.0% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $49 | $47.72 | +22.0% | Apr 17, 2026 |
| BMO Capital | Analyst unavailable | $50 | $45.22 | +24.5% | Feb 12, 2026 |
| BMO Capital | Analyst unavailable | $49 | $44.33 | +22.0% | Jan 29, 2026 |
| UBS | Analyst unavailable | $48 | $41.43 | +19.5% | Dec 17, 2025 |
| Barclays | Analyst unavailable | $45 | $42 | +12.0% | Dec 8, 2025 |
| Mizuho Securities | Gabriel Moreen | $50 | $41.88 | +24.5% | Dec 3, 2025 |
| Wells Fargo | Analyst unavailable | $47 | $43.73 | +17.0% | Oct 27, 2025 |
| Barclays | Analyst unavailable | $46 | $43.85 | +14.5% | Oct 21, 2025 |
| Evercore ISI | Analyst unavailable | $45 | $44.17 | +12.0% | Oct 6, 2025 |
| BMO Capital | Analyst unavailable | $47 | $42.57 | +17.0% | Sep 29, 2025 |
| Barclays | Analyst unavailable | $44 | $43.33 | +9.5% | Aug 4, 2025 |
| Mizuho Securities | Gabriel Moreen | $44 | $39.61 | +9.5% | Mar 25, 2025 |
| Argus Research | John Eade | $41 | $36.76 | +2.1% | Dec 31, 2024 |
| Jefferies | Julien Dumoulin-Smith | $39 | $35.14 | -2.9% | Oct 28, 2024 |
| BMO Capital | James Thalacker | $36 | $33.53 | -10.4% | Sep 12, 2024 |
| Bank of America Securities | Ross Fowler | $37 | $33.56 | -7.9% | Sep 12, 2024 |
| BMO Capital | James Thalacker | $34 | $31.05 | -15.3% | Aug 9, 2024 |
| BMO Capital | James Thalacker | $31 | $28.44 | -22.8% | May 9, 2024 |
| Credit Suisse | Analyst unavailable | $32 | $30.58 | -20.3% | Apr 26, 2022 |
| Wells Fargo | Analyst unavailable | $35 | $31.8 | -12.9% | Apr 19, 2022 |
Track every rating change on NI the moment it posts. Free to start.
Start freeCompany 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.…
Historical context
All NI earningsLatest beats and misses
Who reports nextBeat on EPS
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- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the NI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-05T20:09:09.756138+00:00
- FN2 earnings calendar · 2026-09-10T01:23:13.706414+00:00
- Polygon adjusted daily market bars · 2026-09-22T17:40:53.278150+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T17:40:53.275342+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 · As of 2026-09-22. For educational purposes only; not investment advice.