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NiSource NI Q1 2026 earnings

Reported May 6, 2026 · Before market open

Revenue$2.4BMiss by $157.4MDiluted EPS$1.06In line
Revenue estimate$2.5B
EPS estimate$1.06

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$1.2B
EPS estimate$0.21

Financials

Q1 2026

Income statement

See full
Revenue$2.3B+8.0%
Gross profit$1.7B+10.1%
Operating income$819.2M+7.9%
Net income$507.1M+6.8%
EPS (diluted)$1.06+6.0%

Balance sheet

See full
Cash & equivalents$71.9M-72.3%
Total debt$16.7B+23.1%
Total equity$9.7B+8.6%
Total assets$36.6B+10.6%

Cash flow

See full
Operating cash flow$442.3M-35.6%
CapEx$805.2M+26.3%
Free cash flow-$362.9M-839%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$22.46B+18.5%
Enterprise value$39.14B+21.2%
P/E23.4×+1.6×
P/S2×0.0×

Profitability

See full
Gross margin44.9%-0.7pp
Operating margin16.7%-0.3pp
Net margin8.5%-0.6pp
FCF margin-7.3%+0.7pp

Returns & leverage

See full
Return on equity10.4%0.0pp
Debt / equity1.7×+0.2×
Current ratio0.6×+0.1×

Segments

By segment

See full
Columbia Operations$1.3B+7.2%
NIPSCO Operations$993.7M+9.2%
Corporate and Other$1.4M+16.7%

Versus estimates

Revenue

Q1 2026$2.4BMiss by $157.4M
Q4 2025$1.9BBeat by $472.4MQ3 2025$1.3BBeat by $73.4MQ2 2025$1.3BBeat by $69.7MQ1 2025$2.2BBeat by $26.4MQ4 2024$1.6BMiss by $187.7M

Diluted EPS

Q1 2026$1.06In line
Q4 2025$0.51Beat by $0.01Q3 2025$0.19Miss by $0.01Q2 2025$0.22Beat by $0.02Q1 2025$0.98Beat by $0.08Q4 2024$0.49Beat by $0.01

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Questions, answered.

When did NiSource report Q1 2026 earnings?
NiSource (NI) reported Q1 2026 earnings on May 6, 2026 before market open.
What were NiSource's Q1 2026 revenue and EPS?
NiSource reported revenue of $2.4B and diluted EPS of $1.06 for Q1 2026.
Did NiSource beat estimates in Q1 2026?
Revenue missed the consensus estimate of $2.5B by $157.4M. EPS beat the consensus estimate of $1.06 by $0.00.
How did NiSource's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.3% from $2.2B a year earlier and diluted EPS grew 8.2% from $0.98.
Where can I find NiSource's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001111711-26-000044) and the 10-Q periodic report (0001111711-26-000045) directly on SEC EDGAR. The filing index links above go to sec.gov.