NI Stock Analysis: NiSource | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 18.751m USD | 12M Return: -6.1% | US65473P1057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 222M
EPS Trend: 93.5%
Qual. Beats: 0
Rev. Trend: 85.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
NiSource Inc. (NYSE: NI) is a U.S.-based energy holding company operating as a regulated natural gas and electric utility through two segments: Columbia Operations and NIPSCO Operations. The company distributes natural gas to residential, commercial, and industrial customers across Ohio, Pennsylvania, Virginia, Kentucky, and Maryland via approximately 37,300 miles of distribution main pipeline, and serves roughly 0.5 million electricity customers in northern Indiana. Its generation portfolio includes steam coal, combined cycle gas turbine, natural gas, hydro, wind, and solar facilities across multiple Indiana counties. Founded in 1847 and headquartered in Merrillville, Indiana, NiSource operates as a multi-utility within the regulated Utilities sector, where revenues are largely determined by state public utility commissions and capital is heavily deployed into long-lived pipeline and generation infrastructure.
- Indiana NIPSCO rate case lifts allowed ROE
- Columbia pipeline replacement expands rate base
- Coal retirement accelerates renewable generation buildout
| Net Income: 905.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -0.96 > 1.0 |
| NWC/Revenue: -32.19% < 20% (prev -23.06%; Δ -9.13% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.30b > Net Income 905.1m |
| Net Debt (17.7b) to EBITDA (3.20b): 5.53 < 3 |
| Current Ratio: 0.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (481.2m) vs 12m ago 1.93% < -2% |
| Gross Margin: 50.76% > 18% (prev 50.17%; Δ 0.60% > 0.5%) |
| Asset Turnover: 19.23% > 50% (prev 18.01%; Δ 1.21% > 0%) |
| Interest Coverage Ratio: 2.47 > 6 (EBIT TTM 1.93b / Interest Expense TTM 780.8m) |
| A: -0.06 (Total Current Assets 2.20b - Total Current Liabilities 4.41b) / Total Assets 37.5b |
| B: -0.01 (Retained Earnings -196.2m / Total Assets 37.5b) |
| C: 0.05 (EBIT TTM 1.93b / Avg Total Assets 35.8b) |
| D: 0.37 (Book Value of Equity 9.57b / Total Liabilities 25.6b) |
| Altman-Z'' = 0.35 = B |
| DSRI: 0.98 (Receivables 892.0m/811.6m, Revenue 6.88b/6.13b) |
| GMI: 0.99 (GM 50.17% / 50.76%) |
| AQI: 0.95 (AQ_t 0.13 / AQ_t-1 0.13) |
| SGI: 1.12 (Revenue 6.88b / 6.13b) |
| TATA: -0.04 (NI 905.1m - CFO 2.30b) / TA 37.5b) |
| Beneish M = -3.00 (Cap -4..+1) = A |
As of October 05, 2026, the stock is trading at USD 39.43 with a total of 4,151,760 shares traded. Over the past week, the price has changed by +0.03%, over one month by -4.18%, over three months by -16.99% and over the past year by -6.06%.
Current recommended Stop Loss: 38.30 (which is 2.9% or 1.7 ATR below the current price).
NiSource has received a consensus analysts rating of 4.47. Therefore, it is recommended to buy NI.
- StrongBuy: 11
- Buy: 4
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 49.6 | 25.7% |
P/E Trailing = 20.7979
P/E Forward = 17.3611
P/S = 2.7248
P/B = 1.9659
P/EG = 2.0194
Revenue TTM = 6.88b USD
EBIT TTM = 1.93b USD
EBITDA TTM = 3.20b USD
Long Term Debt = 15.6b USD (from longTermDebt, last quarter)
Short Term Debt = 1.95b USD (from shortTermDebt, last quarter)
Debt = 17.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 211.4m
Net Debt = 17.7b USD (calculated: Debt 17.8b - CCE 70.0m)
Enterprise Value = 36.5b USD (18.8b + Debt 17.8b - CCE 70.0m)
Interest Coverage Ratio = 2.47 (Ebit TTM 1.93b / Interest Expense TTM 780.8m)
EV/FCF = -33.56x (Enterprise Value 36.5b / FCF TTM -1.09b)
FCF Yield = -2.98% (FCF TTM -1.09b / Enterprise Value 36.5b)
FCF Margin = -15.78% (FCF TTM -1.09b / Revenue TTM 6.88b)
Net Margin = 13.15% (Net Income TTM 905.1m / Revenue TTM 6.88b)
Gross Margin = 50.76% ((Revenue TTM 6.88b - Cost of Revenue TTM 3.39b) / Revenue TTM)
Gross Margin QoQ = 50.20% (prev 50.98%)
Tobins Q-Ratio = 0.97 (Enterprise Value 36.5b / Total Assets 37.5b)
Interest Expense / Debt = 4.39% (Interest Expense 780.8m / Debt 17.8b)
Taxrate = 14.82% (170.3m / 1.15b)
NOPAT = 1.64b (EBIT 1.93b * (1 - 14.82%))
Current Ratio = 0.50 (Total Current Assets 2.20b / Total Current Liabilities 4.41b)
Debt / Equity = 1.86 (Debt 17.8b / totalStockholderEquity, last quarter 9.57b)
Debt / EBITDA = 5.53 (Net Debt 17.7b / EBITDA 3.20b)
Debt / FCF = -16.30 (negative FCF - burning cash) (Net Debt 17.7b / FCF TTM -1.09b)
Total Stockholder Equity = 9.45b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.53% (Net Income 905.1m / Total Assets 37.5b)
RoE = 9.58% (Net Income TTM 905.1m / Total Stockholder Equity 9.45b)
RoCE = 7.70% (EBIT 1.93b / Capital Employed (Equity 9.45b + L.T.Debt 15.6b))
RoIC = 4.69% (NOPAT 1.64b / Invested Capital 35.0b)
WACC = 4.98% (E(18.8b)/V(36.5b) * Re(6.15%) + D(17.8b)/V(36.5b) * Rd(4.39%) * (1-Tc(0.15)))
Discount Rate = 6.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.42 | Cagr: 3.09%
[DCF] Fair Price = unknown (Cash Flow -1.09b)
EPS Correlation: 93.45 | EPS CAGR: 8.00% | SUE: 0.33 | # QB: 0
Revenue Correlation: 85.27 | Revenue CAGR: 10.22% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.22 | Chg30d=-1.69% | Revisions=-22% | Analysts=7
EPS current Year (2026-12-31): EPS=2.05 | Chg30d=-0.01% | Revisions=-38% | GrowthEPS=+8.0% | GrowthRev=+10.0%
EPS next Year (2027-12-31): EPS=2.25 | Chg30d=+0.03% | Revisions=-38% | GrowthEPS=+9.8% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: -42% (up=4, down=12)