NiSource Inc
NI
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- NiSource operates in a regulated utility environment, which provides a stable revenue stream and predictable cash flows, making it an attractive investment for income-focused investors.
- The company has a market cap of approximately $19.5 billion, indicating a strong presence in the utilities sector.
- NiSource's target mean price is $49.13, suggesting a potential upside from its current trading levels.
- The company's earnings growth has declined significantly, with a reported decrease of 58.4% year-over-year.
- In the most recent quarter, revenue dropped by 43% compared to the prior quarter, falling from $2.4 billion to $1.3 billion.
- The operating margin has compressed to 17%, down from 34.7% in the previous quarter, indicating operational challenges.
Fundamentals
| Market cap | $19.44B | Enterprise value | $39.13B | Trailing P/E | 21.56 | Forward P/E | 18.00 |
| PEG | 2.09 | Price / book | 2.03 | Beta | 0.55 | Dividend yield | 2.96% |
| Revenue growth | 4.6% | Earnings growth | -58.4% | Gross margin | 51.0% | Operating margin | 17.2% |
| Profit margin | 13.2% | ROE | 8.5% | ROA | 3.2% | Debt / equity | 1.47 |
| Current ratio | 0.50 | Free cash flow | -$1.77B | Analyst recommendation | buy | Mean target | $49.13 |
| 52w high | $49.21 | 52w low | $38.42 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $2.4B | $1.9B | $1.3B | $1.3B | — |
| Op margin | 17.0% | 34.7% | 27.1% | 23.7% | 20.6% | — |
| Net income | $45.5M | $507M | $258M | $94.7M | $102M | — |
| Gross margin | 50.2% | 51.0% | 49.2% | 53.3% | 48.7% | — |
| Gross profit | $674M | $1.2B | $936M | $678M | $625M | — |
| Operating income | $228M | $819M | $515M | $302M | $264M | — |
- Revenue -43% vs prior quarter ($1.3B vs $2.4B).
- Gross margin 50.2% (was 51% prior quarter).
- Operating margin compressed to 17%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $6.6B | $5.5B | $5.5B | $5.9B | — |
| Op margin | 27.6% | 26.8% | 23.6% | 19.9% | — |
| Net income | $930M | $760M | $714M | $804M | — |
| Gross margin | 50.4% | 51.5% | 45.0% | 38.5% | — |
| Gross profit | $3.3B | $2.8B | $2.5B | $2.3B | — |
| Operating income | $1.8B | $1.5B | $1.3B | $1.2B | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-09-29 · Scotiabank Initiates NiSource at Sector Perform
2026-09-28 · BMO Capital Adjusts Price Target on NiSource to $45 From $49, Keeps Outperform Rating
2026-09-25 · Argus Adjusts Price Target on NiSource to $49 From $52, Keeps Buy Rating
2026-09-23 · NiSource Stock: Is NI Outperforming the Utilities Sector?
2026-09-10 · BDC Report: $11 Billion in ‘Big Six’ Gas Pipeline Spending Drives 67% Surge in Pennsylvania Gas Utility Bills
2026-09-10 · NiSource releases 2025 Sustainability Report, highlighting progress to shape a more sustainable energy future
2026-09-04 · Why Is NiSource (NI) Down 4% Since Last Earnings Report?
2026-08-31 · JPMorgan Adjusts Price Target on NiSource to $52 From $53, Maintains Overweight Rating
2026-08-26 · Mizuho Adjusts Price Target on NiSource to $48 From $50
2026-08-22 · These 3 AI stocks are bought by both hedge funds and mutual funds
2026-08-16 · NiSource (NI): A Costly Quarter Masks A Bigger Bet
2026-08-13 · NiSource (NI) Q2 2026 Earnings Call Transcript
Price (daily)
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