Nisource (NOU) AI Stock Analysis

Company Guidance

NiSource narrowed 2026 consolidated adjusted EPS guidance to the upper half of its previously stated range of $2.02 to $2.07 and initiated 2027 adjusted EPS guidance at $2.22 to $2.30 per share, including $0.05 to $0.09 of contribution from Genco; through 2033, consolidated adjusted EPS is expected to grow at a 10-11% compound annual growth rate, while base plan adjusted EPS is expected to grow 6-8% annually. The 7-year capital plan totals $40 billion, including $32 billion of base plan investments and approximately $8 billion of Genco investments, supports consolidated investment growth of 9-10%, converts over 90% of investments into initial recovery within 12 months of investment, and targets adjusted earnings per share returns of 10-11% through 2033. The plan targets less than a 4% average annual residential customer bill increases from 2027 through 2031 and FFO to debt of 14-16% in all years, with $400 million to $600 million of maintenance equity annually in the near term stepping down to minimal levels starting in 2032; Genco is expected to contribute $0.32 to $0.40 in 2030 and $0.52 to $0.68 by 2033, while signed agreements are expected to provide approximately $1.75 billion in savings to existing NIPSCO electric customers, or approximately $140 per year for an average residential customer at full ramp.