NiSource Earnings Call Transcripts
Fiscal Year 2026
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The meeting, held virtually, saw all incumbent directors re-elected, executive compensation approved, and Deloitte & Touche ratified as auditor. Over 92% of shares were represented, and no shareholder questions were submitted.
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First quarter adjusted EPS rose 8% year-over-year to $1.06, with 2026 guidance reaffirmed and long-term EPS CAGR raised to 9%-10%. Expanded Amazon and Alphabet partnerships drive $1.4 billion in customer savings and support robust data center growth in Indiana.
Fiscal Year 2025
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Reported strong Q4 and full-year results, with adjusted EPS and FFO to debt exceeding guidance. Secured a major Amazon agreement, advanced data center initiatives, and reaffirmed robust 2026 EPS growth guidance, while maintaining disciplined capital allocation and regulatory execution.
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Q3 adjusted EPS was $0.19, with 2025 guidance reaffirmed at the upper half of $1.85–$1.89. A $6–$7 billion data center project and Genco model drive a consolidated adjusted EPS CAGR of 8%-9% through 2033, supported by strong regulatory and financing strategies.
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Second quarter adjusted EPS reached $0.22, with year-to-date EPS at $1.19, prompting a narrowed 2025 guidance to the upper half of $1.85-$1.89. Regulatory wins, AI-driven operational improvements, and robust capital planning support continued growth and strong credit metrics.
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Q1 2025 adjusted EPS rose 15% year-over-year to $0.98, with strong regulated revenue growth and reaffirmed guidance for 2025 and beyond. Over $19 billion in capital investment is planned, with additional upside from data center and transmission projects. Operational efficiency and proactive regulatory actions support continued growth.
Fiscal Year 2024
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Adjusted EPS grew 9.4% to $1.75 in 2024, exceeding guidance, with 2025 guidance raised to $1.85-$1.89. A $19.4B CapEx plan supports 8%-10% rate base growth, while data center and renewable investments drive future upside. Dividend and balance sheet strength remain priorities.
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Q3 adjusted EPS rose to $0.20, with strong rate-based investment and customer growth. Five-year capital plan increased to $19.3B, supporting 8-10% rate base growth and 6-8% annual EPS growth. Data center opportunities and regulatory progress drive long-term value.
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Q2 adjusted EPS rose to $0.21, with 15% revenue growth and strong customer load increases, especially from data centers. 2024 guidance is reaffirmed at the upper end, with robust capital investment, regulatory progress, and top-tier ESG performance supporting long-term growth.