NiSource Inc. (NI) earnings on August 5, 2026
Prior outlook: Pessimistic Outcome: Accurate
NiSource shares fell nearly 4% after earnings, even though the company's results matched expectations and its outlook for next year was unchanged. The drop happened despite a slight revenue beat.
NI price around the earnings
42.91
Change: -3.7%
2026-08-05, 20:00 UTC
End of the measured window
42.02
42.86
43.70
44.54
44.54
August 5, 2026
- Price: green if it ends above the starting price; red if it ends below
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
- Results released
Analyst Overweight (+14.9% upside, 75% beat rate) contradicted by -10.32% RS vs SPY and extreme pre-event trajectory collapse.
Context analyzed before publication
- Trend
- Collapsed from +44.2 to -58.0 in 5 days; analyst constructive vs technical breakdown divergence.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.63
- Analysts covering the stock
- 15
- Average price target
- 51.17
- Lowest price target
- 43
- Highest price target
- 55
- Upside to price target
- 14.9%
- Quarterly earnings growth
- 6.8%
- Revenue growth
- 8.2%
- Forward EPS
- 2.25
- Trailing EPS
- 2.01
- Analyst moves in the last 60 days
- 4
- Strong buy: 3
- Buy: 10
- Hold: 2
- Sell: 0
- Strong sell: 1
- Strong buy
- 3
- Buy
- 10
- Hold
- 2
- Sell
- 0
- Strong sell
- 1
- July 23, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
- July 20, 2026 · Barclays: Maintains rating (Overweight → Overweight)
- July 17, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
- July 2, 2026 · RBC Capital: Initiates coverage (Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (3)
- Keybanc Maintains Overweight on NiSource, Lowers Price Target to $50 (opens in a new tab) — Benzinga
- Barclays Maintains Overweight on NiSource, Raises Price Target to $51 (opens in a new tab) — Benzinga
- BMO Capital Maintains Outperform on NiSource, Lowers Price Target to $49 (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 44.54
- Average true range (ATR)
- 2%
- Distance to 52-week high
- -8.7%
- 14-day change (14d)
- -1.8%
- 30-day change (33d)
- -6.8%
- 30-day relative strength
- -10.3%
- SPY change (33d)
- +3.5%
- Nearest support
- 44.47
- Distance to nearest support
- 0.2%
- Nearest resistance
- 44.65
- Distance to nearest resistance
- 0.2%
- Volume accumulation ratio (14d / 46d)
- 1.16
- Mid: 44.47 (0.2% away, 0.08 ATR, 10 touches)
- Mid: 44.16 (0.9% away, 0.43 ATR, 16 touches)
- Mid: 43.73 (1.8% away, 0.92 ATR, 16 touches)
- Mid: 44.65 (0.2% away, 0.12 ATR, 10 touches)
- Mid: 44.98 (1% away, 0.5 ATR, 11 touches)
- Mid: 45.21 (1.5% away, 0.76 ATR, 19 touches)
Trends
Evidence
- Average earnings surprise
- +2.0%
- May 6, 2026: actual EPS 1.06 vs estimate 1.05 (surprise +1.4%)
- February 11, 2026: actual EPS 0.51 vs estimate 0.5 (surprise +2.9%)
- October 29, 2025: actual EPS 0.19 vs estimate 0.2 (surprise -3.2%)
- August 6, 2025: actual EPS 0.22 vs estimate 0.21 (surprise +7.1%)
Expected move
- Implied move
- +1.4%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 1%
- 75th percentile move
- 2.3%
- 90th percentile move
- 2.6%
- Up / down moves
- 12 / 8
- Average up move
- +1.5%
- Average down move
- -1.7%
Monitoring and close
What NiSource Inc. reported
- Status
- Finished
| Actual EPS | 0.16 |
|---|---|
| EPS estimate | 0.16 |
| EPS surprise | +1.5% |
| Revenue | $1,342 million |
| Revenue estimate | $1,337 million |
| Revenue surprise | +0.4% |
NiSource beat Q2 estimates, lifted by NIPSCO and data center demand, and reaffirmed its 2026 outlook. The Q2 2026 earnings call was held on August 5, 2026.
Sources (9)
- NiSource Q2 Earnings Top Estimates on NIPSCO Gains, Data Center Demand (opens in a new tab) — Yahoo
- NiSource Inc. (NI) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
- NiSource (NYSE:NI) Q2 Earnings Miss, Reaffirms 2026 Guidance (opens in a new tab) — ChartMill
- NiSource (NI) Beats Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- NiSource reported adjusted earnings of $0.16 per share, in line with expectations. Revenue of $1.342 billion beat the $1.337 billion estimate. — Benzinga
- NiSource Q2 Adj. EPS $0.16, Inline, Sales $1.342B Beat $1.337B Estimate (opens in a new tab) — Benzinga
- NiSource Affirms FY2026 Adj EPS Guidance of $2.02-$2.07 vs $2.06 Est (opens in a new tab) — Benzinga
- NiSource Q2 Adj. EPS $0.16, Inline (opens in a new tab) — Benzinga
- NiSource Announces Second Quarter Results (opens in a new tab) — Yahoo
Pre-market second reading after the results
- Verdict
- In line with expectations
Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -0.1% pre-market, a move below the stock's usual reaction (about 1%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -3.7%
- Max favorable move (MFE)
- 5.8%
- Max adverse move (MAE)
- 0%