NiSource reported GAAP net income available to common shareholders of $45.5 million, or $0.09 per diluted share, for Q2 2026 and non-GAAP adjusted net income of $77.6 million, or $0.16 consolidated adjusted EPS. For the six months ended June 30, 2026, GAAP net income was $556.2 million ($1.15 diluted EPS) and adjusted net income was $587.2 million ($1.22 consolidated adjusted EPS). The company reaffirmed its 2026 consolidated adjusted EPS guidance of $2.02–$2.07 and a 2026–2033 consolidated adjusted EPS CAGR target of 9%–10% while advancing its 2026–2030 $28.6 billion capital plan.

Financial Highlights

  • GAAP net income available to common shareholders — Q2 2026: $45.5 million; Q2 2025: $102.2 million.
  • GAAP diluted earnings per share — Q2 2026: $0.09; six months ended June 30, 2026: $1.15.
  • Non-GAAP adjusted net income available to common shareholders — Q2 2026: $77.6 million; Q2 2025: $101.9 million.
  • Consolidated adjusted EPS (non-GAAP) — Q2 2026: $0.16; six months ended June 30, 2026: $1.22 (vs. $1.19 for same period 2025).
  • Reaffirmed 2026 consolidated adjusted EPS guidance: $2.02–$2.07 and 2026–2033 consolidated adjusted EPS CAGR target of 9%–10%.

Business Highlights

  • Announced a $28.6 billion consolidated capital investment plan for 2026–2030, comprising $21.0 billion base capital and $7.6 billion strategic data center infrastructure investments.
  • Company expects the capital plan to support 9%–11% consolidated rate base growth from 2026–2033.
  • Advanced data center strategy with regulatory approvals for special contracts with Amazon and Alphabet, positioning the company to support large-load customers and economic growth.
  • Reported operational impacts in Q2 including favorable weather variance (+$16.0 million) and incremental costs related to a NIPSCO lockout workplace continuity plan and a Value Captured initiative.
  • Management emphasized continued execution of efficiency initiatives and regulatory mechanisms that provide visibility into cost recovery.

Original SEC Filing:

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