(NI) NiSource - Overview
Sector: Utilities | Industry: Utilities - Regulated Gas | Exchange: NYSE (USA) | Market Cap: 22.160m USD | Total Return: 18.9% in 12m
Avg Turnover: 180M
EPS Trend: 96.7%
Qual. Beats: 0
Rev. Trend: 70.5%
Qual. Beats: -1
Warnings
High Debt while negative Cash Flow
Altman Z'' 0.53 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
NiSource Inc. (NI) is a regulated utility holding company providing natural gas and electric services across the Midwest and Mid-Atlantic regions. The company manages two primary segments: Columbia Operations, focusing on gas distribution across five states, and NIPSCO Operations, which provides both electric and gas services to northern Indiana.
The company maintains a diverse generation portfolio including coal, natural gas, hydro, wind, and solar assets. As a regulated utility, NiSource operates under a cost-of-service model where state commissions approve rates, providing a predictable framework for recovering infrastructure investments. The multi-utility structure allows the firm to balance the seasonal demand cycles of natural gas heating with the year-round consumption of electric power.
For a deeper look into the companys valuation metrics and historical performance, consider reviewing the data on ValueRay.
- Rate case outcomes in Indiana and Ohio drive utility revenue growth
- Transition from coal to renewable generation reshapes long-term capital expenditure
- Regulatory approval of infrastructure modernization projects impacts rate base expansion
- Fluctuations in natural gas prices influence residential and industrial demand cycles
- Interest rate volatility affects financing costs for intensive utility infrastructure investments
| Net Income: 961.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.22 > 1.0 |
| NWC/Revenue: -19.32% < 20% (prev -34.68%; Δ 15.36% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.12b > Net Income 961.8m |
| Net Debt (16.9b) to EBITDA (3.10b): 5.45 < 3 |
| Current Ratio: 0.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (480.9m) vs 12m ago 1.78% < -2% |
| Gross Margin: 55.92% > 18% (prev 50.79%; Δ 5.13% > 0.5%) |
| Asset Turnover: 19.57% > 50% (prev 17.92%; Δ 1.66% > 0%) |
| Interest Coverage Ratio: 2.73 > 6 (EBIT TTM 1.91b / Interest Expense TTM 697.8m) |
| A: -0.04 (Total Current Assets 2.41b - Total Current Liabilities 3.73b) / Total Assets 36.6b |
| B: -0.00 (Retained Earnings -96.6m / Total Assets 36.6b) |
| C: 0.05 (EBIT TTM 1.91b / Avg Total Assets 34.9b) |
| D: 0.39 (Book Value of Equity 9.66b / Total Liabilities 24.7b) |
| Altman-Z'' = 0.53 = B |
| DSRI: 0.97 (Receivables 1.32b/1.18b, Revenue 6.82b/5.93b) |
| GMI: 0.91 (GM 50.79% / 55.92%) |
| AQI: 0.97 (AQ_t 0.13 / AQ_t-1 0.13) |
| SGI: 1.15 (Revenue 6.82b / 5.93b) |
| TATA: -0.03 (NI 961.8m - CFO 2.12b) / TA 36.6b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of June 03, 2026, the stock is trading at USD 45.86 with a total of 2,155,471 shares traded.
Over the past week, the price has changed by -4.06%,
over one month by -4.62%,
over three months by -1.92% and
over the past year by +18.93%.
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 | 51.4 | 12% |
P/E Trailing = 22.995
P/E Forward = 22.6757
P/S = 3.2482
P/B = 2.2944
P/EG = 2.6345
Revenue TTM = 6.82b USD
EBIT TTM = 1.91b USD
EBITDA TTM = 3.10b USD
Long Term Debt = 15.5b USD (from longTermDebt, last quarter)
Short Term Debt = 1.31b USD (from shortTermDebt, last quarter)
Debt = 17.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 211.4m
Net Debt = 16.9b USD (calculated: Debt 17.0b - CCE 71.9m)
Enterprise Value = 39.1b USD (22.2b + Debt 17.0b - CCE 71.9m)
Interest Coverage Ratio = 2.73 (Ebit TTM 1.91b / Interest Expense TTM 697.8m)
EV/FCF = -46.95x (Enterprise Value 39.1b / FCF TTM -832.0m)
FCF Yield = -2.13% (FCF TTM -832.0m / Enterprise Value 39.1b)
FCF Margin = -12.20% (FCF TTM -832.0m / Revenue TTM 6.82b)
Net Margin = 14.10% (Net Income TTM 961.8m / Revenue TTM 6.82b)
Gross Margin = 55.92% ((Revenue TTM 6.82b - Cost of Revenue TTM 3.01b) / Revenue TTM)
Gross Margin QoQ = 59.48% (prev 58.12%)
Tobins Q-Ratio = 1.07 (Enterprise Value 39.1b / Total Assets 36.6b)
Interest Expense / Debt = 4.11% (Interest Expense 697.8m / Debt 17.0b)
Taxrate = 15.0% (183.9m / 1.23b)
NOPAT = 1.62b (EBIT 1.91b * (1 - 15.00%))
Current Ratio = 0.65 (Total Current Assets 2.41b / Total Current Liabilities 3.73b)
Debt / Equity = 1.76 (Debt 17.0b / totalStockholderEquity, last quarter 9.66b)
Debt / EBITDA = 5.45 (Net Debt 16.9b / EBITDA 3.10b)
Debt / FCF = -20.32 (negative FCF - burning cash) (Net Debt 16.9b / FCF TTM -832.0m)
Total Stockholder Equity = 9.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.76% (Net Income 961.8m / Total Assets 36.6b)
RoE = 10.37% (Net Income TTM 961.8m / Total Stockholder Equity 9.28b)
RoCE = 7.70% (EBIT 1.91b / Capital Employed (Equity 9.28b + L.T.Debt 15.5b))
RoIC = 4.75% (NOPAT 1.62b / Invested Capital 34.1b)
WACC = 5.14% (E(22.2b)/V(39.1b) * Re(6.41%) + D(17.0b)/V(39.1b) * Rd(4.11%) * (1-Tc(0.15)))
Discount Rate = 6.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 3.07%
[DCF] Fair Price = unknown (Cash Flow -832.0m)
EPS Correlation: 96.70 | EPS CAGR: 10.16% | SUE: 0.34 | # QB: 0
Revenue Correlation: 70.49 | Revenue CAGR: 7.37% | SUE: -2.94 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.22 | Chg30d=-2.73% | Revisions=-11% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.21 | Chg30d=-4.44% | Revisions=-25% | Analysts=7
EPS current Year (2026-12-31): EPS=2.06 | Chg30d=+0.02% | Revisions=+33% | GrowthEPS=+8.2% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=2.24 | Chg30d=+0.39% | Revisions=+71% | GrowthEPS=+9.0% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +71%