NiSource Set to Announce Q1 Earnings on May 6
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy NI?
Source: seekingalpha
- 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.
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Analyst Views on NI
Wall Street analysts forecast NI stock price to fall
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 48.080
Low
41.88
Averages
47.24
High
50.00
Current: 48.080
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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- Expanded Agreement with Amazon: NiSource has expanded its agreement with Amazon to accelerate power delivery and provide bill credits for residential customers, aiming to enhance customer satisfaction and strengthen market competitiveness.
- Cost Savings Impact: The new agreements will utilize a GenCo-owned portfolio of dedicated electric generation assets for large-load customers while shielding existing customers from additional costs, with estimated savings of $90 to $115 annually per household, totaling approximately $1.25 billion.
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- Generation Portfolio Plans: The company plans to establish a 340 MW generation portfolio and increase market capacity to support rapid data center growth while improving grid reliability and affordability, reflecting its commitment to sustainable energy solutions.
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- 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
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- Market Performance: The NASDAQ 100 Pre-Market Indicator rose by 193.06 points to 27,380.05, indicating investor optimism that could drive positive performance in upcoming trading sessions.
- Active Stocks: ProShares UltraPro QQQ (TQQQ) increased by $1.29 to $63.15 with a trading volume of 6,089,953 shares, representing a 150.99% rise from its 52-week low, highlighting strong investor interest in tech stocks.
- Company Updates: Intel Corporation (INTC) gained $2.35 to $97.10 with 5,630,617 shares traded, and has seen 10 upward revisions in earnings forecasts over the last four weeks, reflecting market confidence in its financial performance.
- Short-Term Trading Insights: Xerox Holdings Corporation (XRX) rose by $0.6187 to $2.19 with a trading volume of 5,536,250 shares, and the days to cover stands at 11.13, indicating heightened market attention and liquidity for the stock.
See More
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- Rising Power Demand: According to the U.S. Energy Information Administration (EIA), electricity demand is projected to increase by 1.2% in 2026 to 4,108 billion kilowatt-hours, with a further rise of 3.3% in 2027, which will boost revenues for utility companies.
- Renewable Energy Transition: Utilities are accelerating their shift to renewable energy by phasing out aging coal-fired plants to meet stricter environmental standards, thereby reducing carbon emissions and attracting sustained investor interest.
- Favorable Interest Rate Environment: Stable, low interest rates create a favorable backdrop for capital-intensive utility companies, lowering financing costs and enhancing project economics, allowing for more efficient large-scale expansions.
- Optimistic Industry Outlook: The Zacks industry ranking indicates that the Utility-Electric Power sector is positioned in the top 36% of over 243 industries, reflecting analysts' positive earnings outlook, with 2026 earnings estimates raised by 5.3%.
See More
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- Oil Price Plunge: WTI crude prices fell over 10% after Iran announced the Strait of Hormuz is now fully open for commercial shipping, easing inflation concerns and contributing to a 6 basis point drop in the 10-year Treasury yield, which invigorates the bond market.
- Earnings Optimism: Q1 earnings for the S&P 500 are projected to increase by 12% year-over-year, although excluding the tech sector, growth is only expected at 3%, yet this overall positive outlook may attract more investor interest and bolster market confidence.
- Airline Stocks Surge: With reduced fuel costs, United Airlines (UAL) shares surged over 10%, while other airlines like Royal Caribbean (RCL) and Alaska Air (ALK) also saw significant gains, indicating strong market confidence in the recovery of the airline industry.
See More
NiSource Partners with Alphabet and Amazon for Energy Infrastructure
- Energy Supply Agreement: NiSource has signed a long-term energy supply agreement with a unit of Alphabet to support the development of a large-scale data center in northern Indiana starting summer 2026, which is expected to drive growth in the data center market.
- Expanded Agreement with Amazon: NiSource has expanded its agreement with Amazon to accelerate power delivery and provide bill credits for residential customers, aiming to enhance customer satisfaction and strengthen market competitiveness.
- Cost Savings Impact: The new agreements will utilize a GenCo-owned portfolio of dedicated electric generation assets for large-load customers while shielding existing customers from additional costs, with estimated savings of $90 to $115 annually per household, totaling approximately $1.25 billion.
- Strategic Implications: By collaborating with large users, NiSource aims to ensure that existing customers benefit from new users, further solidifying its market position in the energy infrastructure sector.
See More
NiSource Partners with Alphabet Subsidiary for Data Center
- Data Center Collaboration: NiSource has entered into a long-term energy agreement with an Alphabet subsidiary to support the development of a large-scale data center in northern Indiana, with services expected to commence in summer 2026, indicating a strategic move into the rapidly growing data center market.
- Expanded Agreement with Amazon: The expanded deal with Amazon Data Services will accelerate site energization, enabling earlier bill credits for residential customers, projected to save approximately $1.25 billion, thereby enhancing customer value and satisfaction.
- Generation Portfolio Plans: The company plans to establish a 340 MW generation portfolio and increase market capacity to support rapid data center growth while improving grid reliability and affordability, reflecting its commitment to sustainable energy solutions.
- Positive Stock Market Reaction: NiSource's shares rose about 3% following the announcement of the data center deals, demonstrating investor confidence in the company's future growth potential, with NI stock gaining over 13% this year, indicating a bullish market sentiment towards its business outlook.
See More
