VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemes
DCF ValuationCalculate intrinsic value of US stocks
Market ValuationBuffett indicator, CAPE & macro gauges
Total ReturnSee dividends + price return history
DCA CalculatorSimulate recurring buys & compounding
Earnings
FAANG & Tech
AAPL vs MSFTNVDA vs AMDGOOGL vs META
Cloud & Cyber
CRM vs NOWCRWD vs PANWSNOW vs DDOG
Consumer & Auto
TSLA vs FAMZN vs WMTNFLX vs DIS
Finance & Crypto
JPM vs BACV vs MACOIN vs MSTR
Pharma & Energy
LLY vs NVOJNJ vs PFEXOM vs CVX
Compare Any Stocks...
WatchlistInsider
ScreenerThemes
Earnings
WatchlistInsider
NI
← Back to Screener
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Data updated daily

Product

  • Screener
  • Themes
  • Valuation
  • Total Return
  • DCA Calculator
  • News
  • Earnings

Resources

  • Market Valuation
  • Compare
  • Insider Activity
  • Methodology
  • How It Works
  • Glossary
  • Learn

Get Ideas

Get weekly stock ideas — free

© 2026 VCP Scanner
AboutPrivacyTerms
Not financial advice. Do your own research.
ScreenerNewsCompareWatchlist
NINiSource Inc.
$47.05$22.6B
Overview & Verdict
Overview
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice HistoryTechnical Analysis
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Ownership
Holders

NI logoNiSource Inc.(NI)Earnings, Financials & Key Ratios

NI•NYSE•Utilities
$47.05
24.1× P/E·Price updated Jul 6, 2026
SectorUtilitiesIndustryGas UtilitiesSub-IndustryRegulated Gas and Electric Utilities
AboutNiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,600 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 483,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.Show more
  • Revenue$6.64B+21.8%
  • EBITDA$3B+20.2%
  • Net Income$930M+22.2%
  • Free Cash Flow-$1.93B-124.1%
  • EBITDA Margin45.21%-1.3%
  • Net Margin13.99%+0.4%
  • ROE8.33%+13.9%
  • Interest Coverage2.87-2.6%
  • Debt/Equity1.39+6.4%

NI Price & Volume

NiSource Inc. (NI) stock price & volume — 10-year historical chart

Loading chart...

Aggressive Infrastructure Spending Drives Rate Base Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Stable
Financial:Mixed
Cash Flow:Burning
Primary Risk:Regulatory capital recovery lag

Key Thesis Takeaways

  • NiSource is executing a capital-intensive strategy focused on infrastructure modernization, which has successfully expanded net PPE to $29.4 billion as of 2026Q1.
  • While this investment cycle drives revenue growth, evidenced by the 8.2% year-over-year increase in 2026Q1, it necessitates persistent reliance on external financing and results in recurring free cash flow deficits.
  • Investors should monitor the company's ability to manage its 1.41 debt-to-equity ratio while balancing regulatory recovery lags against the long-term earnings potential of its regulated utility footprint.

Verdict Logic

while the 2.3% dividend yield is supported by an OCF-to-dividend coverage ratio of 3.0x in 2026Q1, the company's ongoing negative free cash flow and high capital intensity suggest limited near-term upside.

NI Growth Metrics

NiSource Inc. (NI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.63%
5 Years7.25%
3 Years4.32%
TTM15.01%

Profit CAGR

10 Years12.49%
5 Years-
3 Years4.95%
TTM10.53%

EPS CAGR

10 Years8.04%
5 Years-
3 Years4.68%
TTM8.36%

Return on Capital

10 Years4.75%
5 Years5.52%
3 Years5.63%
Last Year6.04%

NI Recent Earnings

NiSource Inc. (NI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$1.06+1.0%
$1.05
Rev
$2.4B-6.3%
$2.5B
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$0.51+2.9%
$0.50
Rev
$1.9B+33.0%
$1.4B
Q4 2025
Oct 29, 2025
Metric
Actual
Est
EPS
$0.19-5.0%
$0.20
Rev
$1.3B+6.1%
$1.2B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.22+7.3%
$0.20
Rev
$1.3B+5.7%
$1.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$1.06vs $1.05+1.0%
$2.4Bvs $2.5B-6.3%
Q1 2026Feb 11, 2026
$0.51vs $0.50+2.9%
$1.9Bvs $1.4B+33.0%
Q4 2025Oct 29, 2025
$0.19vs $0.20-5.0%
$1.3Bvs $1.2B+6.1%
Q3 2025Aug 6, 2025
$0.22vs $0.20+7.3%
$1.3Bvs $1.2B+5.7%
Based on last 12 quarters of dataView full earnings history →

Latest NI News

Recent stock market news and headlines for NiSource Inc. (NI)

Seeking Alpha·2 days ago
NiSource: A Premier Play On Data Center Electricity Demand

NiSource (NI) remains a 'buy' as its innovative data center agreements, notably with Amazon, position it for sustained growth and regulatory favor. NI's model isolates data center capex and returns, protecting existing customers from rate hikes while securing guaranteed returns and surcharges to reduce bills. With a $29B five-year capex plan and at least 8% projected EPS growth, NI offers a compelling blend of income and growth.

247 Wallst·5 days ago
Here Are Thursday’s Best Wall Street Analyst Research Calls: Adobe, Chevron, Dana, Honeywell Aerospace, Mobility Global, Ni Source, Palantir, SpaceX, and More

Pre-Market Stock Futures: Futures are trading higher as we get ready to end the holiday-shortened trading week, with the country preparing to celebrate the 250th birthday of our democratic republic. The stock market will be closed on Friday for the federal holiday, kicking off a long weekend to jump-start the holiday fun. All of the... Here Are Thursday's Best Wall Street Analyst Research Calls: Adobe, Chevron, Dana, Honeywell Aerospace, Mobility Global, Ni Source, Palantir, SpaceX, and More

Seeking Alpha·Jun 24, 2026
NiSource: A Utility AI Winner Worth Buying On Pullbacks

NiSource Inc. has secured a regulatory framework in Indiana requiring hyperscale data centers to fund their own infrastructure, directly benefiting existing customers. NI's GenCo structure isolates large-load risks, enabling expedited agreements and a replicable template for future data center contracts. I expect adjusted EPS growth of 9–10% through 2033, supported by 4 GW of signed capacity and robust pipeline visibility.

Business Wire·Jun 23, 2026
Regulatory Approvals Underscore Strength of NiSource's Customer-Focused Data Center Strategy Supporting Growth in Indiana

MERRILLVILLE, Ind.--(BUSINESS WIRE)--NiSource Inc. (NYSE: NI) announced the Indiana Utility Regulatory Commission (IURC) has approved key agreements supporting the company's previously announced partnership with Amazon to serve new data center development in northern Indiana. This marks an inaugural milestone that reinforces the meaningful benefits this approach will provide for existing customers. On June 17, the IURC fully approved the settlement agreement, Amazon special contract and related.

Peers Comparison

Key metrics vs top competitors for NiSource Inc. (NI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NI logoNINiSource Inc.Current
$47.05$22.56B24.1321.76%13.99%8.33%2.38%
ATO logoATOAtmos Energy Corporation
$173.83$29.02B23.3012.91%27.58%7.69%—
SR logoSRSpire Inc.
$78.46$4.64B17.95-4.5%14.12%10.44%—
NWN logoNWNNorthwest Natural Holding Company
$48.65$2.05B17.5611.83%9.56%8.27%—
SWX logoSWXSouthwest Gas Holdings, Inc.
$88.51$6.41B14.56-62.05%18.55%11.53%—
OGS logoOGSONE Gas, Inc.
$75.65$4.75B17.3116.5%11.77%8.2%—

Compare NI vs Peers

NiSource Inc. (NI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ATO

Most directly comparable listed peer for NI.

Scale Benchmark

vs LIN

Larger-name benchmark to compare NI against a more recognizable public peer.

Peer Set

Compare Top 5

vs ATO, SR, NWN, SWX

NI SEC Filings & Documents

NiSource Inc. (NI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Dec 11, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 12, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Aug 6, 2025·SEC

Get notified when NI posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

Free. Unsubscribe any time.

NI Frequently Asked Questions

NiSource Inc. (NI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is NiSource Inc.'s revenue?

NiSource Inc. (NI) reported $6.82B in revenue for fiscal year 2025. This represents a 275% increase from $1.82B in 1996.

How fast is NiSource Inc. growing?

NiSource Inc. (NI) grew revenue by 21.8% over the past year. This is strong growth.

Is NI profitable?

Yes, NiSource Inc. (NI) is profitable, generating $961.8M in net income for fiscal year 2025 (14.0% net margin).

Dividend & Returns
Does NI pay dividends?

Yes, NiSource Inc. (NI) pays a dividend with a yield of 2.38%. This makes it attractive for income-focused investors.

What is NI's return on equity?

NiSource Inc. (NI) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

What is NiSource Inc.'s free cash flow?

NiSource Inc. (NI) had negative free cash flow of $1.39B in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics
Is NI's dividend sustainable?

NiSource Inc. (NI) has a dividend payout ratio of 57%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in NI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →