We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NiSource Q3 Earnings Lag Estimates, Revenues Rise Y/Y, Capex Up
Read MoreHide Full Article
Key Takeaways
NiSource posted Q3 operating EPS of 19 cents, missing estimates by a penny.
Revenues rose 18.3% year over year to $1.28 billion, beating expectations.
The company raised its 2026-2030 capex plan to $28 billion, led by data center investments.
NiSource Inc. (NI - Free Report) has reported third-quarter 2025 operating earnings per share (EPS) of 19 cents, which missed the Zacks Consensus Estimate of 20 cents by 5%. The bottom line was lower than the year-ago quarter’s earnings by a penny.
On a GAAP basis, the company reported an EPS of 20 cents compared with 19 cents in the prior-year quarter.
NI’s Total Revenues
Operating revenues of $1.28 billion beat the Zacks Consensus Estimate of $1.17 billion by 8.6%. The top line also increased 18.3% from the prior-year quarter’s figure of $1.08 billion.
Total operating expenses amounted to $0.98 billion, up 13.7% from the year-ago quarter’s $0.86 billion.
Operating income totaled $297.5 million, up 36.3% from the year-ago figure of $218.3 million.
Net interest expenses amounted to $179.8 million, up 33.6% from the prior-year quarter’s $134.6 million.
Total gas distribution in Sales and Transportation (excluding weather) was recorded at 100.2 Million British Thermal Units per day (MMDth), up 3.5% from the prior-year quarter’s 96.8 MMDth.
Total electric sales (excluding weather) were recorded at 4,621.6 gigawatt-hours (GWh), up 0.8% from the prior-year quarter’s 4,587.1 GWh.
NI’s Financial Update
NiSource's cash and cash equivalents as of Sept. 30, 2025, were $95 million compared with $156.6 million as of Dec. 31, 2024.
Long-term debts (excluding those due within a year) as of Sept. 30, 2025, were $14.47 billion compared with $12.07 billion as of Dec. 31, 2024.
Net cash flows from operating activities in the first nine months of 2025 were $1.65 billion compared with $1.24 billion in the first nine months of 2024.
NI’s liquidity as of Sept. 30, 2025, was nearly $3 billion, which is sufficient to meet near-term obligations.
NI’s 2025 Guidance
The company reaffirmed 2025 non-GAAP earnings of $1.85-$1.89 per share, and expects 2026 non-GAAP earnings in the range of $2.02-$2.07. The Zacks Consensus Estimate for 2025 and 2026 earnings per share is pegged at $1.88 and $2.03 per share, respectively, which are within the company’s guided range.
NI expects to witness an earnings CAGR of 6-8% through 2030.
It expects a capital expenditure of $28 billion for the 2026-2030 period. The newly consolidated capital expenditure plan totals $28 billion, nearly $8.6 billion higher than the previous five-year plan, driven largely by $7 billion in strategic investments for data centers.
FirstEnergy Corp. (FE - Free Report) reported third-quarter 2025 operating earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 76 cents by 9.2%.
FE’s long-term (three to five years) earnings growth is pegged at 6.46%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $2.53, indicating a year-over-year decline of 3.8%.
NextEra Energy (NEE - Free Report) posted third-quarter 2025 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.04 by 8.65%.
NEE’s long-term earnings growth is currently pegged at 8.04%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $3.68, indicating year-over-year growth of 7.29%.
CenterPoint Energy, Inc. (CNP - Free Report) reported third-quarter 2025 adjusted earnings of 50 cents per share, which surpassed the Zacks Consensus Estimate of 46 cents by 8.7%.
CNP’s long-term earnings growth is currently pegged at 7.93%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $1.76, indicating year-over-year growth of 8.64%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
NiSource Q3 Earnings Lag Estimates, Revenues Rise Y/Y, Capex Up
Key Takeaways
NiSource Inc. (NI - Free Report) has reported third-quarter 2025 operating earnings per share (EPS) of 19 cents, which missed the Zacks Consensus Estimate of 20 cents by 5%. The bottom line was lower than the year-ago quarter’s earnings by a penny.
On a GAAP basis, the company reported an EPS of 20 cents compared with 19 cents in the prior-year quarter.
NI’s Total Revenues
Operating revenues of $1.28 billion beat the Zacks Consensus Estimate of $1.17 billion by 8.6%. The top line also increased 18.3% from the prior-year quarter’s figure of $1.08 billion.
NiSource, Inc Price, Consensus and EPS Surprise
NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote
Highlights of NI’s Earnings Release
Total operating expenses amounted to $0.98 billion, up 13.7% from the year-ago quarter’s $0.86 billion.
Operating income totaled $297.5 million, up 36.3% from the year-ago figure of $218.3 million.
Net interest expenses amounted to $179.8 million, up 33.6% from the prior-year quarter’s $134.6 million.
Total gas distribution in Sales and Transportation (excluding weather) was recorded at 100.2 Million British Thermal Units per day (MMDth), up 3.5% from the prior-year quarter’s 96.8 MMDth.
Total electric sales (excluding weather) were recorded at 4,621.6 gigawatt-hours (GWh), up 0.8% from the prior-year quarter’s 4,587.1 GWh.
NI’s Financial Update
NiSource's cash and cash equivalents as of Sept. 30, 2025, were $95 million compared with $156.6 million as of Dec. 31, 2024.
Long-term debts (excluding those due within a year) as of Sept. 30, 2025, were $14.47 billion compared with $12.07 billion as of Dec. 31, 2024.
Net cash flows from operating activities in the first nine months of 2025 were $1.65 billion compared with $1.24 billion in the first nine months of 2024.
NI’s liquidity as of Sept. 30, 2025, was nearly $3 billion, which is sufficient to meet near-term obligations.
NI’s 2025 Guidance
The company reaffirmed 2025 non-GAAP earnings of $1.85-$1.89 per share, and expects 2026 non-GAAP earnings in the range of $2.02-$2.07. The Zacks Consensus Estimate for 2025 and 2026 earnings per share is pegged at $1.88 and $2.03 per share, respectively, which are within the company’s guided range.
NI expects to witness an earnings CAGR of 6-8% through 2030.
It expects a capital expenditure of $28 billion for the 2026-2030 period. The newly consolidated capital expenditure plan totals $28 billion, nearly $8.6 billion higher than the previous five-year plan, driven largely by $7 billion in strategic investments for data centers.
NI’s Zacks Rank
NiSource currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
FirstEnergy Corp. (FE - Free Report) reported third-quarter 2025 operating earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 76 cents by 9.2%.
FE’s long-term (three to five years) earnings growth is pegged at 6.46%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $2.53, indicating a year-over-year decline of 3.8%.
NextEra Energy (NEE - Free Report) posted third-quarter 2025 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.04 by 8.65%.
NEE’s long-term earnings growth is currently pegged at 8.04%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $3.68, indicating year-over-year growth of 7.29%.
CenterPoint Energy, Inc. (CNP - Free Report) reported third-quarter 2025 adjusted earnings of 50 cents per share, which surpassed the Zacks Consensus Estimate of 46 cents by 8.7%.
CNP’s long-term earnings growth is currently pegged at 7.93%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $1.76, indicating year-over-year growth of 8.64%.