News · Yahoo Finance

NiSource Announces Third Quarter Results

NiSource reported third-quarter 2026 GAAP net income available to common shareholders of $129.5 million, or $0.27 per diluted share, up from $0.20 a year earlier. Non-GAAP consolidated adjusted EPS was $0.27, against $0.19 in Q3 2025. It narrowed 2026 guidance to the upper half of $2.02–$2.07 and introduced 2027 guidance of $2.22–$2.30. The company extended its capital plan through 2033 with $40.0 billion in seven-year capital expenditures, targeting a 10%–11% consolidated adjusted EPS CAGR for 2027–2033. It also expanded expected GenCo customer savings to about $1.75 billion through a new agreement with Microsoft.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

earningselectricityNiSourcedata centers

Open a keyword to see other news on the same topic.

Related news

  • Electric Utility NiSource’s Data-Center Power Business Can Continue to Grow — And NI Stock Is CheapYahoo Finance·NiSourceelectricitydata centers
  • NiSource announces long - term agreement with Microsoft expected to increase customer savings and support Indiana economic growth | Government

    NiSource (NYSE: NI) announced a new long-term energy agreement with Microsoft for its northwest Indiana campus, under which new large-load customers are served through NiSource Generation Company LLC (GenCo) in a way designed to shield existing NIPSCO electric customers from incremental costs. The deal builds on previously disclosed expected customer savings of $1.4 billion over the life of data center contracts, raising total expected NIPSCO electric customer savings to approximately $1.75 billion, or as much as $140 per customer annually. Microsoft is expected to begin taking electric service under a 20-year term starting in 2028 and will fully fund the generation and transmission it requires, while the GenCo-owned pool portfolio will grow by about 1,100 MW. GenCo has also contracted 600 MW of battery storage under a long-term tolling agreement, and CEO Lloyd Yates said affordability is not separate from economic development. Further operational and financial details will be shared on the company's third-quarter earnings call.

    postregister.com·NiSourceelectricitydata centers
  • NiSource Expands Microsoft Power Deal, Projects $1.75B In Customer Savings

    NiSource (NI) announced a 20-year electricity agreement with Microsoft for its planned northwest Indiana campus, with service expected to begin in 2028. The company says its broader strategy could save existing NIPSCO electric customers about $1.75 billion over the life of data-center contracts, up from a previously announced $1.4 billion, or as much as $140 per customer annually. Through NiSource Generation Company (GenCo), about 1,100 MW of generation will be added, along with 600 MW of battery storage under a long-term tolling agreement, and Microsoft will fully fund the generation and transmission infrastructure. The project will also upgrade NIPSCO's transmission system to improve grid reliability and shield existing customers from data-center costs. NI shares rose 2.8% in premarket trading, and more details will come with the third-quarter earnings call on October 28.

    Yahoo Finance·▲ MSFTNiSourceelectricitydata centers
  • NiSource Signs 20-Year Microsoft Power Agreement for 1,100 MW Indiana Data Centre Campus

    NiSource (NYSE: NI) has signed a 20-year agreement with Microsoft (NASDAQ: MSFT) to supply about 1,100 MW of generation to a data centre campus in northwest Indiana, with service expected to start in 2028. Microsoft will fund all generation and transmission infrastructure through NiSource's subsidiary GenCo, structured so these costs are not passed on to existing NIPSCO customers. NiSource raised its projected customer savings from its data centre contracts to about $1.75 billion, up from $1.4 billion, and said savings could reach as much as $140 per existing customer annually, though these are projections, not guaranteed reductions. Separately, GenCo has contracted 600 MW of battery storage under a long-term tolling agreement with an affiliate of AGP Group. NiSource has not disclosed total capital expenditure, the storage duration, construction timing, or the agreement's financial contribution to earnings, and says more details will come with its third-quarter earnings call.

    Yahoo Finance·▲ MSFTMSFTNiSourceelectricity
  • NiSource announces long-term agreement with Microsoft expected to increase customer savings and support Indiana’s economic growth

    NiSource announced a 20-year energy agreement with Microsoft for its northwest Indiana campus, with service expected to begin in 2028. The deal adds about 1,100 MW of new generation through NiSource Generation Company (GenCo), along with 600 MW of contracted battery storage. Microsoft fully funds the generation and transmission it requires, designed to keep existing NIPSCO electric customers from bearing incremental costs. Total expected customer savings from the data center arrangements rise to approximately $1.75 billion, equal to as much as $140 per customer annually. More operational and financial details will be shared on the third-quarter earnings call.

    Yahoo Finance·• MSFTNiSourceMSFTelectricity
  • 5 Data Center Power Stocks to Watch Before Earnings

    Since the S&P 500's record close, the median stock of builders and power suppliers for AI data centers has fallen 23%, while Big Tech companies fell only 5%, wiping out more than $300 billion in market value. The article argues the physical shortage has not changed, with U.S. transformer supply running about 15% short this year according to Wood Mackenzie. It profiles GE Vernova, with a $176 billion backlog; Quanta Services, whose second-quarter revenue rose 41% to $9.56 billion and whose backlog hit a record $53.4 billion; and Eaton, whose record second-quarter sales of $8.53 billion came with EPS falling to $2.11 from $2.51. The key question is whether order books keep growing ahead of earnings reports from three of the five companies due within a week.

    Yahoo Finance·data centerselectricityartificial intelligence

Related markets

US stocks →

Latest news

  • How Anthropic's IPO structure could become the AI blueprint

    Alex Morris, CEO and CIO of F/m Investments, discussed with Yahoo Finance's Brooke DiPalma what Anthropic's IPO could mean for the broader AI landscape. He said the company's revenue is not where a multi-trillion-dollar company would be expected, but it is selling a promise of the future, and its filing discusses potential existential risks to humanity. Wall Street will focus on the new governance structure, in which seven people would have power to largely control and appoint the board of trustees, a setup he called novel despite Google's different voting rights. He also flagged financing risk, more for Nvidia than Meta, as Meta announced a $100 billion share sale to fund AI. He said Anthropic is very likely to be substantially oversubscribed.

    Yahoo Finance·IPOAnthropicartificial intelligence
  • US warns of possible military action against Iran after Nov. 3

    According to the Wall Street Journal, the US has told some Gulf Arab states to prepare for a short, intense military campaign after the midterm elections, and the Pentagon is evacuating US personnel from Middle East bases where they could be at risk. President Donald Trump has not made a final decision but is leaning toward a large-scale strike that could target Iran's infrastructure and nuclear facilities. Meanwhile, Supreme Leader Mojtaba Khamenei called for meeting Iran's conditions to end the war and the state of “no war, no peace,” and discussed with Supreme National Security Council Secretary Mohsen Rezaei maintaining control of the Strait of Hormuz. The US and Israel attacked Iran from Feb. 28; after a June ceasefire memorandum, the US resumed large-scale strikes on the night of July 8, accusing Tehran of violating the Hormuz terms. The strait carries about 25% of global oil and about 20% of global LNG.

    CafeF·▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USD▼ VNINDEXgeopoliticsIranStrait of Hormuz
  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: Enphase Energy, F5, Marvell Technology, MSG Rangers, Pentair, Silicon Motion Technology, Spotify Technology, Texas Instruments, Whirlpool, and More

    The roundup covers Wednesday's analyst calls ahead of the Fed's 2:30 p.m. rate decision and Alphabet and Microsoft earnings. The Nasdaq rose 1.18% to 26,477, the S&P 500 closed at 4,722, and the Anthropic IPO could come as early as the week of November 16. Jefferies upgraded Chemed to Buy from Hold with a $620 target, while Oppenheimer downgraded Enphase Energy to Perform from Outperform and President Capital Management cut Spotify to Neutral from Buy with a $608 target. The 30-year Treasury yield closed at 5.31%, and Brent crude closed at $114.30 after a second straight day of declines.

    Yahoo Finance·FedNasdaqbonds
  • Dissent and more: 3 things to watch for at the Fed meeting

    The Fed will announce its rate decision at 2 p.m. ET, with Chair Kevin Warsh's press conference half an hour later. The FOMC is expected to hold the benchmark rate at 3.75%–4%; if three or more voting members favored a hike, it would signal growing urgency to tighten, potentially bolstering the Dollar Index and weighing on bitcoin. The 10-year Treasury yield has fallen to 5%, down 36 basis points since Oct. 7, easing financial conditions. Consumer price inflation has exceeded expectations for two straight months, oil remains near $100, and U.S. diesel prices are at record highs, so Warsh's comments on inflation will be closely watched. Bitcoin was trading at $81,411, up more than 2% over 24 hours, ahead of the meeting.

    CoinDesk·• DXY• QQQ• SPY• BTC/USDTFedinterest ratesinflation
  • XRP Ledger developers propose creating wallets with zero XRP for stablecoin payments

    XRP Ledger developers are testing a SponsoredAccountCreate transaction, submitted Oct. 15, that lets an existing account create a new account and cover its reserve, so new wallets can hold zero XRP. Each account currently must lock a minimum of 1 XRP, so a company creating 100,000 accounts would need 100,000 XRP; under the proposal, the sponsor would pay this reserve without controlling users' private keys and could also cover transaction fees. The change would support Ripple's embedded wallets built with Stripe-owned Privy for XRP and RLUSD payments, including AI-agent payments, which currently need XRP funding to become active. The code remains under review with two unresolved automated findings and depends on a sponsorship amendment that had secured 11 of the 29 validator votes required as of Oct. 19.

    CoinDesk·• XRP/USDTcryptostablecoinsXRP
  • 'We'll be out of business': Jensen Huang bet his last dollars on a chip he never held in his hands — and it saved Nvidia

    In 1997, with about six months of cash left, Nvidia ordered mass production of the RIVA 128 graphics chip, which had never existed physically and had been tested only in an emulator. To get that tool, the company bought the inventory of a struggling emulator seller with about half of its remaining cash, and it laid off more than half its staff, cutting headcount from about 100 to 40, while receiving a $5 million investment from Sega. The chip shipped in August 1997 supporting only eight of Microsoft DirectX's 32 blend modes, and sold roughly a million units in its first four months, paving the way for the 1999 IPO. Nvidia was worth about $1.1 trillion when the Acquired podcast was recorded in 2023 and is now around $5.3 trillion. The stock has risen about 880% over five years, versus about 70% for the S&P 500, but shares slipped slightly after an 85% year-over-year revenue jump in its fiscal first-quarter 2027 earnings.

    Yahoo Finance·▲ NVDANvidiasemiconductorsJensen Huang

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.