NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates steam coal generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County; and solar generating units in Sullivan County, Gibson County, Jasper County, and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.
Regulatory Landscape | Delve into the complexities of NiSource's regulatory environment, including the NIPSCO electric rate case and the potential impact of the Integrated Resource Plan on future growth. |
Market Dynamics | Explore how NiSource is capitalizing on the booming AI and data center markets, leveraging its unique framework for rapid power generation facility construction. |
Financial Outlook | Analysts project steady EPS growth for NiSource, with estimates reaching $2.02 by 2026. Price targets range from $35 to $48.15, suggesting potential upside for investors. |
Strategic Resilience | NiSource's robust balance sheet and strategic initiatives position it for growth in the evolving utility landscape, with a focus on AI-driven demand and infrastructure investments. |

Metrics to compare | NI | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipNIPeersSector | |
|---|---|---|---|---|
P/E Ratio | 24.5x | 0.0x | 12.8x | |
PEG Ratio | 1.20 | 0.00 | 0.02 | |
Price / Book | 2.4x | 0.0x | 1.3x | |
Price / LTM Sales | 3.4x | 0.0x | 1.7x | |
Upside (Analyst Target) | 3.8% | 0.0% | 10.8% | |
Fair Value Upside | Unlock | 0.0% | 1.7% | Unlock |