Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1571.4%
Neutral628.6%
Bearish00.0%
NiSource Inc · NI · FY2026 Q3 · Calendar Q4 2026
NiSource expands data-center power strategy as guidance improves
The call supports a constructive but execution-dependent outlook: resilient demand from data-center customers and improved guidance strengthen the growth case, while capital intensity, regulatory approvals, financing, and weather exposure temper it.
Reported Before market openNYSEUtilities
$20.91B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.23
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.34B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.6%
Event window
SPY move
+0.3%
Same window
Abnormal move
+0.3%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
NISPY benchmark
Ask FN2 about NI FY2026 Q3
Transcript, numbers and history already loaded
What drove NI's +0.6% move after FY2026 Q3 earnings?What changed in NI's guidance and outlook in FY2026 Q3?Give me the bull and bear case for NI after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the company’s outlook became more expansive. Management added new data-center commitments, raised the capital ambition, and moved from maintained to improved guidance sentiment, while also highlighting a formal review of severe-weather response.
Guidance delta
Management’s guidance stance improved: the analysis says the outlook was tightened upward and that 2027 guidance was initiated.
Key takeaways
- Management highlighted new data-center agreements as a central growth driver.
- The company is extending investment across regulated infrastructure, generation, and storage.
- Severe weather response and regulatory execution remain important constraints.
Management priorities
- Execute new data-center generation and storage projects
- Extend and fund the long-term capital plan
- Advance rate cases, storm hardening, and operational safety reviews
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$43.87Current
$32Low
$46.3Average
$52High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 28, 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 |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Oct 20, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Oct 19, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 19, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Oct 14, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Oct 13, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Aug 26, 2026 |
| Ladenburg Thalmann | Buy | Buy | Maintain | Aug 17, 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 |
| 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 $43.87. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| HSBC | Analyst unavailable | $49.5 | $43 | +12.8% | Oct 22, 2026 |
| BMO Capital | James Thalacker | $48 | $42.48 | +9.4% | Oct 19, 2026 |
| KeyBanc | Sophie Karp | $48 | $41.23 | +9.4% | Oct 13, 2026 |
| BMO Capital | James Thalacker | $45 | $39.42 | +2.6% | Sep 28, 2026 |
| Mizuho Securities | Gabriel Moreen | $48 | $40.97 | +9.4% | Aug 26, 2026 |
| KeyBanc | Sophie Karp | $50 | $46.57 | +14.0% | Jul 23, 2026 |
| Barclays | Analyst unavailable | $51 | $45.97 | +16.3% | Jul 20, 2026 |
| RBC Capital | Stephen D'Ambrisi | $52 | $46.88 | +18.5% | Jul 1, 2026 |
| Evercore ISI | Analyst unavailable | $52 | $46.98 | +18.5% | May 11, 2026 |
| Wells Fargo | Shahriar Pourreza | $51 | $47.78 | +16.3% | Apr 21, 2026 |
| BMO Capital | Analyst unavailable | $51 | $48.39 | +16.3% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $49 | $47.72 | +11.7% | Apr 17, 2026 |
| BMO Capital | Analyst unavailable | $50 | $45.22 | +14.0% | Feb 12, 2026 |
| BMO Capital | Analyst unavailable | $49 | $44.33 | +11.7% | Jan 29, 2026 |
| UBS | Analyst unavailable | $48 | $41.43 | +9.4% | Dec 17, 2025 |
| Barclays | Analyst unavailable | $45 | $42 | +2.6% | Dec 8, 2025 |
| Mizuho Securities | Gabriel Moreen | $50 | $41.88 | +14.0% | Dec 3, 2025 |
| Wells Fargo | Analyst unavailable | $47 | $43.73 | +7.1% | Oct 27, 2025 |
| Barclays | Analyst unavailable | $46 | $43.85 | +4.9% | Oct 21, 2025 |
| Evercore ISI | Analyst unavailable | $45 | $44.17 | +2.6% | Oct 6, 2025 |
| BMO Capital | Analyst unavailable | $47 | $42.57 | +7.1% | Sep 29, 2025 |
| Barclays | Analyst unavailable | $44 | $43.33 | +0.3% | Aug 4, 2025 |
| Mizuho Securities | Gabriel Moreen | $44 | $39.61 | +0.3% | Mar 25, 2025 |
| Argus Research | John Eade | $41 | $36.76 | -6.5% | Dec 31, 2024 |
| Jefferies | Julien Dumoulin-Smith | $39 | $35.14 | -11.1% | Oct 28, 2024 |
| BMO Capital | James Thalacker | $36 | $33.53 | -17.9% | Sep 12, 2024 |
| Bank of America Securities | Ross Fowler | $37 | $33.56 | -15.7% | Sep 12, 2024 |
| BMO Capital | James Thalacker | $34 | $31.05 | -22.5% | Aug 9, 2024 |
| BMO Capital | James Thalacker | $31 | $28.44 | -29.3% | May 9, 2024 |
| Credit Suisse | Analyst unavailable | $32 | $30.58 | -27.1% | Apr 26, 2022 |
| Wells Fargo | Analyst unavailable | $35 | $31.8 | -20.2% | 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 earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| AEP American Electric Power Company, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -0.7% | AEP raises long-term growth target on $100 billion capital plan |
| CMSA CMS Energy Corporation 5.6% JRSUB NT 78 | FY2026 Q3 · Calendar Q4 2026 | +6.7% | 0.0% | CMS Energy reaffirms guidance as NorthStar restructuring advances |
| CMS CMS Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.7% | -0.8% | CMS Energy Maintains Guidance as Load Growth and Restructuring Advance |
Latest beats and misses
Who reports nextBeat on EPS
- UMBFFY2026 Q3 · October 27, 2026+10.6% EPS-1.1% move
- UHSFY2026 Q3 · October 27, 2026+0.6% EPS-2.9% move
- ACGLNFY2026 Q3 · October 27, 2026+15.6% EPS-0.9% move
- RNRFY2026 Q3 · October 27, 2026+20.4% EPS-2.6% move
- RNR-PGFY2026 Q3 · October 27, 2026+20.4% EPS— move
- ESSFY2026 Q3 · October 27, 2026+3.4% EPS-4.0% move
Get the NI recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-10-28T19:06:44.283056+00:00
- FN2 earnings calendar · 2026-10-28T01:23:13.546025+00:00
- Polygon adjusted daily market bars · 2026-10-28T21:00:43.857601+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-28T21:00:43.854962+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 2026-10-28. For educational purposes only; not investment advice.