NYSE · NI
NiSource Inc
Utilities · Regulated Gas
$44.57▲ 0.26% ($0.12)at close
After hours$44.57▲ 0.01%5:13 PM ET
Valuation
Revenue & margin DCF
Verdict: fairly priced. Price above Base.
The price needs 3.9% revenue growth a year for 10 years. Our scenarios assume 2.0–4.4%.
That's below its past 4-year pace of 7.9%.
Value per share
Base case
$36.92
Price used $44.57 is 21% above this
USD · TTM ending Sep 30, 2026 · Price Oct 30, 7:59 PM UTC
Revenue each value needs
Revenue today $7B. The price needs $10.2B by 2036. Base case: $9.1B. At its recent pace: $14.9B. Bear to Bull: $8.5B to $10.7B.
Revenue today $7B. The price needs $10.2B by 2036. Base case: $9.1B. At its recent pace: $14.9B. Bear to Bull: $8.5B to $10.7B.
Revenue in 2036
today $7B
+$1.1Bmore than the Base case · 1.1×
Value per share · Base case
$36.92
Price $44.57
21% above this
- 10-yr revenue CAGR
- 2.8%
- Ending operating margin
- 27.3%
- Discount rate
- 5.7%
USD · TTM ending Sep 30, 2026 · Price Oct 30, 7:59 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 5.79% over the last year. Revenue grew 9.97% over the trailing twelve months. Operating margin moved from 27.45% to 27.35%. Free cash flow declined 192.57% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 27.35%. A decisive move in revenue — currently up 9.97% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States.
Market multiples
Stock splits
Every 200 shares became 509
Every 1 shares became 2
Profitability & growth
Analyst consensus
16
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Feb 10, 2027
Q4 FY26 · EPS est $0.59 · Revenue est $2.0B
Same quarter, year over year
FY26 YTD +7.2%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $1.49 vs $1.39 · 2 of 3 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
FY25
FY24
FY23
—
—
—
—
Fiscal year totals
- FY25
- $1.90
- +8.6%
- FY24
- $1.75
- —
Q3 FY26
Reported Oct 28, 2026 · Latest
HoverTap a cell to inspect
Actual
$0.27
Estimate
$0.23
Year over year
+42.1%
Vs prior quarter
+68.8%
Institutional Sentiment
NiSource Inc · NI
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.