Equity Profile

NI

NiSource Inc.

UtilitiesMulti-Utilities$22.3B

May6Wed

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:30 AM EDT

NiSource Inc. Beats on EPS, Stock Down 1.41%

Metric	Actual	Expected	Surprise
EPS	$1.06	$1.05	+0.47%
Revenue	—	$3.0B	—

management commentary, guidance changes, and full analysis available with Pro.

NiSource Inc. Beats on EPS, Stock Down 1.41%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.06	$1.05	+0.47%
Revenue	—	$3.0B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

NiSource Inc. reported earnings that beat expectations on EPS, but did not provide revenue figures. The stock reacted negatively, declining by 1.41%. Investors may be concerned about the lack of revenue data and forward guidance, which could affect future performance.

Company Snapshot

NiSource Inc. is a utility company that provides natural gas and electricity to customers in the United States....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and revenues.

$1.05

Revenue

Total revenue reflects the overall sales performance and demand for NiSource's services, which is critical for growth.

$3.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

NiSource Inc. is a utility company that provides natural gas and electricity to customers in the United States. With a market cap of $23 billion, it plays a crucial role in the utilities sector, focusing on reliable energy delivery and customer service.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+11.35%

Avg Stock Reaction

+0.03%

Last Quarter Recap

In the last quarter, NiSource reported an EPS of $0.51, beating expectations slightly. However, the stock reacted negatively the following day, indicating some investor caution.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to maintaining reliable service for customers.
Plans to invest in infrastructure upgrades.

Expectations

Wall Street Expectations

Analysts expect NiSource to report solid earnings this quarter, with a consensus EPS of $1.05. The market is closely watching for any signs of revenue growth amid rising energy demands.

Bull Case

If NiSource exceeds EPS expectations and shows strong revenue growth, it could signal robust operational management and increased demand for their services.

Bear Case

Conversely, if the company misses EPS estimates or provides weak guidance, it may raise concerns about its ability to manage costs and meet customer needs.

Key Metrics to Watch

EPS

$1.05

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and revenues.

Revenue

$3.0B

Total revenue reflects the overall sales performance and demand for NiSource's services, which is critical for growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $1.05, indicating strong profitability?

A beat on EPS would suggest effective cost management and operational efficiency, which are crucial for investor confidence.

What is the outlook for revenue growth this quarter?

Revenue growth is essential for sustaining long-term profitability and could influence investor sentiment significantly.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for revenue growth driven by increased demand for energy services, particularly in the wake of recent infrastructure investments.

Supporting Evidence

Historically, NiSource has a strong EPS beat rate of 88%, suggesting potential for positive surprises.

The options market indicates heightened expectations for volatility, which may reflect underlying investor optimism.

Recent operational improvements could lead to better-than-expected results, contrary to cautious analyst sentiment.

Key Risk

If revenue growth significantly exceeds $3.2B, it could challenge the current consensus and shift market sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NiSource can maintain profitability and growth amid rising operational costs and energy demands.

Bull Confirmed If

An EPS of $1.06 or higher with revenue exceeding $3.2B would confirm the bull case.

Bear Confirmed If

An EPS below $1.01 or revenue falling short of $2.5B would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±3.2%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a potential move of about 3.2%, suggesting that traders are anticipating some volatility around the earnings report.

Options are pricing ±2.4% while NI has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

15.8%

Calls (7K)P/C Ratio: 1.32Puts (600)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NiSource beats expectations, history suggests the stock could rise by about 0.37%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss on earnings could lead to a decline of around 2.14%, reflecting investor disappointment in management's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investments and their expected impact on service reliability.
2Details on customer demand trends and how they are affecting revenue.
3Management's commentary on cost management strategies.
4Insights into regulatory changes that could impact operations.
5Future guidance on EPS and revenue expectations.

See the full picture

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Company Snapshot

NiSource Inc. is a utility company that provides natural gas and electricity to customers in the United States....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and revenues.

$1.05

Revenue

Total revenue reflects the overall sales performance and demand for NiSource's services, which is critical for growth.

$3.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+11.35%

Avg Stock Reaction

+0.03%

Last Quarter Recap

In the last quarter, NiSource reported an EPS of $0.51, beating expectations slightly. However, the stock reacted negatively the following day, indicating some investor caution.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to maintaining reliable service for customers.
Plans to invest in infrastructure upgrades.

Expectations

Wall Street Expectations

Analysts expect NiSource to report solid earnings this quarter, with a consensus EPS of $1.05. The market is closely watching for any signs of revenue growth amid rising energy demands.

Bull Case

If NiSource exceeds EPS expectations and shows strong revenue growth, it could signal robust operational management and increased demand for their services.

Bear Case

Conversely, if the company misses EPS estimates or provides weak guidance, it may raise concerns about its ability to manage costs and meet customer needs.

Key Metrics to Watch

EPS

$1.05

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and revenues.

Revenue

$3.0B

Total revenue reflects the overall sales performance and demand for NiSource's services, which is critical for growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $1.05, indicating strong profitability?

A beat on EPS would suggest effective cost management and operational efficiency, which are crucial for investor confidence.

What is the outlook for revenue growth this quarter?

Revenue growth is essential for sustaining long-term profitability and could influence investor sentiment significantly.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for revenue growth driven by increased demand for energy services, particularly in the wake of recent infrastructure investments.

Supporting Evidence

Historically, NiSource has a strong EPS beat rate of 88%, suggesting potential for positive surprises.

The options market indicates heightened expectations for volatility, which may reflect underlying investor optimism.

Recent operational improvements could lead to better-than-expected results, contrary to cautious analyst sentiment.

Key Risk

If revenue growth significantly exceeds $3.2B, it could challenge the current consensus and shift market sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NiSource can maintain profitability and growth amid rising operational costs and energy demands.

Bull Confirmed If

An EPS of $1.06 or higher with revenue exceeding $3.2B would confirm the bull case.

Bear Confirmed If

An EPS below $1.01 or revenue falling short of $2.5B would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±3.2%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a potential move of about 3.2%, suggesting that traders are anticipating some volatility around the earnings report.

Options are pricing ±2.4% while NI has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

15.8%

Calls (7K)P/C Ratio: 1.32Puts (600)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NiSource beats expectations, history suggests the stock could rise by about 0.37%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss on earnings could lead to a decline of around 2.14%, reflecting investor disappointment in management's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure investments and their expected impact on service reliability.
2Details on customer demand trends and how they are affecting revenue.
3Management's commentary on cost management strategies.
4Insights into regulatory changes that could impact operations.
5Future guidance on EPS and revenue expectations.