NiSource Inc. Reports Strong Q3 Results and Future Growth Plans

For the three months ending September 30, 2025, NiSource reported a net income available to common shareholders of $94.7 million, translating to $0.20 per diluted share. This represents an increase from the $85.7 million or $0.19 per diluted share reported in the same quarter of 2024. The results reflect the company's ongoing efforts to enhance operational efficiency and customer service.

In a broader context, for the nine months ended September 30, 2025, NiSource's net income available to common shareholders reached $671.7 million, or $1.42 per diluted share, compared to $515.8 million or $1.14 per diluted share for the same period in 2024.

NiSource also shared its non-GAAP adjusted net income for the third quarter of 2025, which stood at $91.8 million or $0.19 per adjusted EPS. This is slightly lower than the $89.9 million or $0.20 per adjusted EPS recorded in Q3 2024. For the nine-month period, adjusted net income was $656.0 million, resulting in an adjusted EPS of $1.38, up from $567.4 million or $1.26 adjusted EPS in the previous year.

The company has reaffirmed its non-GAAP adjusted EPS guidance for 2025, expecting it to fall within the range of $1.85 to $1.89. Looking ahead, NiSource anticipates a non-GAAP consolidated adjusted EPS of $2.02 to $2.07 for 2026, reflecting confidence in its strategic direction and market positioning.

NiSource is taking significant steps to extend its base capital plan through 2030, with a projected growth rate of 6% to 8% annually, driven by $21.0 billion in base plan capital expenditures and 8% to 10% rate base growth from 2026 to 2030. The company’s total consolidated capital expenditure plan is set at $28.0 billion, which marks a 45% increase from the previous five-year plan. This increase is largely attributed to nearly $7.0 billion earmarked for strategic data center investments.

Lloyd Yates, President and CEO of NiSource, expressed optimism about the company's trajectory, stating, “This is an exciting moment for NiSource. With GenCo approved and our new data center agreement in place, we’re advancing transformative growth while protecting customers from the costs of large-load development.” Yates emphasized the importance of customer affordability and the company’s commitment to delivering reliable service through a more resilient grid.

He further acknowledged the dedication of employees and contractors, noting their essential role in driving value for stakeholders, including customers, regulators, and shareholders. “We’re proud to lead the way in responsible growth, demonstrating how thoughtful stakeholder engagement and innovative regulatory structures can unlock transformative opportunities,” Yates added.

NiSource's third-quarter results and strategic initiatives underscore the company's commitment to robust growth and customer service excellence. With a clear roadmap for future expansion, NiSource is poised to enhance its operational capabilities while continuing to deliver value to its customers and shareholders. As the utility sector evolves, NiSource is positioning itself at the forefront of innovation and sustainability, solidifying its role as a trusted energy partner in the regions it serves.