NiSource Expects $1.4B Customer Value from Collaboration with Alphabet and Amazon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy NI?
"We are off to a strong start in 2026, continuing to execute on our strategy and deliver value for our customers, communities, and shareholders," said CEO Lloyd Yates. "We are seeing the impact of our GenCo model through new and expanded collaboration with Alphabet and Amazon, which together are expected to deliver approximately $1.4B in customer value, drive economic development across Indiana, strengthen our grid and position NiSource to reliably serve the growing energy demand. None of this would be possible without the continued dedication of our employees and partners as we work together to deliver safe, reliable service."
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Analyst Views on NI
Wall Street analysts forecast NI stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 47.030
Low
41.88
Averages
47.24
High
50.00
Current: 47.030
Low
41.88
Averages
47.24
High
50.00
About NI
NiSource Inc. is an energy holding company. The Company operates through two segments: Columbia Operations and NIPSCO Operations. Columbia Operations segment, through its wholly owned subsidiary NiSource Gas Distribution Group, Inc, provides natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 37,200 miles of distribution main pipeline plus the associated individual customer service lines and 330 miles of transmission main pipeline. NIPSCO Operations segment NIPSCO Operations includes NIPSCO Holdings I and its subsidiaries, including NIPSCO, which has fully regulated gas and electric operations in northern Indiana. The Company has six renewable generation facilities in service: Rosewater, Indiana Crossroads Wind, Indiana Crossroads Solar, Dunns Bridge I Solar, Cavalry Solar and Storage and Dunns Bridge II Solar and Storage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Long-Term Growth Outlook: The company reaffirmed its 2026 adjusted EPS guidance range of $2.02 to $2.07 and raised its long-term CAGR forecast for 2023 to 2033 to 9% to 10%, demonstrating confidence in future investment opportunities, particularly in the data center sector.
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- Earnings Highlights: NiSource reported a consolidated adjusted EPS of $1.06 for Q1 2026, reflecting an $0.08 increase year-over-year, driven by strong regulatory execution and recovering capital investments, indicating robust performance that is expected to enhance future earnings.
- Long-Term Growth Outlook: The company reaffirmed its 2026 adjusted EPS guidance range of $2.02 to $2.07 and raised its long-term CAGR forecast for 2023 to 2033 to 9% to 10%, demonstrating confidence in future investment opportunities, particularly in the data center sector.
- Customer Cost Savings: With the expansion of 400 megawatts of capacity serving Amazon, NiSource is set to unlock approximately $1.4 billion in cost savings for existing customers, which not only enhances customer satisfaction but also strengthens the company's competitive position in the market.
- Capital Investment Strategy: The company maintains a $21 billion five-year capital investment plan while enhancing it with an additional $7.6 billion in data center-related capital expenditures, showcasing its ongoing commitment to infrastructure development to support future business growth.
See More
NiSource (NI) Q1 2026 Earnings Call Transcript
See More
NiSource Q1 Earnings Exceed Expectations with Strong Guidance
- Earnings Beat: NiSource reported a Q1 non-GAAP EPS of $1.06, exceeding expectations by $0.01, which reflects the company's strong performance and boosts investor confidence.
- Revenue Growth: The company achieved revenues of $3.7 billion, surpassing estimates by $100 million, indicating robust business growth and strong market demand, thereby reinforcing its market position.
- Future Guidance: NiSource reaffirmed its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02 to $2.07, demonstrating confidence in its future profitability and providing investors with clear growth expectations.
- Increased CAGR: The company raised its consolidated compound annual growth rate for non-GAAP adjusted EPS to 9%-10% from 2026 through 2033, signaling a positive outlook for future business expansion and profitability.
See More
NiSource Set to Announce Q1 Earnings on May 6
- Earnings Announcement: NiSource is set to release its Q1 2023 earnings on May 6 before the market opens, with a consensus EPS estimate of $1.05, reflecting a 7.1% year-over-year growth, indicating stable profitability potential for the company.
- Historical Performance: Over the past two years, NiSource has beaten EPS estimates 75% of the time, although it has only surpassed revenue estimates 13% of the time, highlighting reliability in earnings forecasts but a need for improvement in revenue growth.
- Estimate Revision Trends: In the last three months, EPS estimates have seen one upward revision and three downward adjustments, while revenue estimates have had one upward revision with no downward changes, reflecting analyst divergence on the company's future performance, which could impact investor confidence.
- Market Reaction: NiSource's stock has recently risen following data center agreements with Google and Amazon, indicating growth potential in the data center sector, which may support future revenue increases.
See More
Utilities Sector Remains Investor Favorite Despite Cool-Off
- Utilities Sector Performance: Despite a recent market cool-off, the utilities sector has risen over 8% in 2026, significantly outperforming the S&P 500's approximately 5% gain, indicating strong resilience and investment appeal in this sector.
- Entergy Leads the Industry: Entergy's stock has surged more than 27% year-to-date, on track for its third consecutive positive year, with an upward revision in its long-term earnings forecast, showcasing unique growth potential within regulated utilities.
- Analysts Optimistic: According to LSEG, the majority of analysts maintain a buy rating on Entergy, predicting a price increase of about 4% over the next 12 months, reflecting market confidence in its sustained growth trajectory.
- Capital Expenditure Drives Growth: NiSource and American Electric Power have also shown strong performance, rising over 15% and 17% respectively, with analysts noting that their capital expenditures related to data center expansion are closely linked to these gains, highlighting investment opportunities in the utilities sector.
See More
