(NI) NiSource - Overview
Stock: Gas Distribution, Electricity Supply, Pipeline Network, Generation Assets
| Risk 5d forecast | |
|---|---|
| Volatility | 20.1% |
| Relative Tail Risk | 2.80% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.78 |
| Alpha | 11.66 |
| Character TTM | |
|---|---|
| Beta | 0.316 |
| Beta Downside | 0.639 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.04% |
| CAGR/Max DD | 1.19 |
EPS (Earnings per Share)
Revenue
Description: NI NiSource February 13, 2026
NiSource Inc. (NYSE:NI) is a regulated utility holding company that delivers natural gas to roughly 2.4 million customers across Ohio, Pennsylvania, Virginia, Kentucky and Maryland, and supplies electricity to about 0.5 million customers in northern Indiana. Its operations are split between the Columbia and NIPSCO segments, and the generation fleet includes coal, combined-cycle gas, hydro, wind and solar assets.
Key recent metrics (as of the latest Q3-2025 filing and FY-2024 results) include: • Revenue of $5.2 billion for FY-2024, up 3.1% YoY, driven primarily by modest gas volume growth and rate-base adjustments. • Adjusted earnings per share (EPS) of $2.84, yielding a forward dividend yield of ~3.9% with a 5-year average payout ratio of 78%. • Net debt to EBITDA at 3.2×, reflecting a recent $600 million bond issuance to fund renewable-energy upgrades; the ratio remains above the utility sector median of ~2.5×, indicating higher leverage risk. • The regulated return on equity (ROE) for the gas segment averaged 9.2% in 2024, consistent with GICS multi-utility benchmarks.
If you want a more granular, data-driven assessment of NiSource’s valuation and risk profile, a quick look at its dashboard on ValueRay can provide the next layer of insight.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 929.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 1.56 > 1.0 |
| NWC/Revenue: -16.26% < 20% (prev -37.27%; Δ 21.01% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.36b > Net Income 929.5m |
| Net Debt (16.10b) to EBITDA (3.02b): 5.33 < 3 |
| Current Ratio: 0.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (474.5m) vs 12m ago 0.98% < -2% |
| Gross Margin: 52.95% > 18% (prev 0.51%; Δ 5244 % > 0.5%) |
| Asset Turnover: 19.44% > 50% (prev 17.16%; Δ 2.28% > 0%) |
| Interest Coverage Ratio: 2.90 > 6 (EBITDA TTM 3.02b / Interest Expense TTM 639.0m) |
Altman Z'' 0.13
| A: -0.03 (Total Current Assets 2.38b - Total Current Liabilities 3.46b) / Total Assets 36.55b |
| B: -0.01 (Retained Earnings -315.2m / Total Assets 36.55b) |
| C: 0.05 (EBIT TTM 1.85b / Avg Total Assets 34.17b) |
| D: -0.01 (Book Value of Equity -316.6m / Total Liabilities 24.89b) |
| Altman-Z'' Score: 0.13 = B |
Beneish M -2.84
| DSRI: 1.03 (Receivables 1.26b/1.01b, Revenue 6.64b/5.46b) |
| GMI: 0.97 (GM 52.95% / 51.47%) |
| AQI: 1.12 (AQ_t 0.15 / AQ_t-1 0.13) |
| SGI: 1.22 (Revenue 6.64b / 5.46b) |
| TATA: -0.04 (NI 929.5m - CFO 2.36b) / TA 36.55b) |
| Beneish M-Score: -2.84 (Cap -4..+1) = A |
What is the price of NI shares?
Over the past week, the price has changed by -0.73%, over one month by +7.28%, over three months by +7.55% and over the past year by +19.33%.
Is NI a buy, sell or hold?
- StrongBuy: 11
- Buy: 4
- Hold: 1
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the NI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 47.9 | 3.2% |
| Analysts Target Price | 47.9 | 3.2% |
NI Fundamental Data Overview February 20, 2026
P/E Forward = 21.322
P/S = 3.2645
P/B = 2.378
P/EG = 2.4525
Revenue TTM = 6.64b USD
EBIT TTM = 1.85b USD
EBITDA TTM = 3.02b USD
Long Term Debt = 15.46b USD (from longTermDebt, last quarter)
Short Term Debt = 765.4m USD (from shortTermDebt, last quarter)
Debt = 16.24b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 16.10b USD (from netDebt column, last quarter)
Enterprise Value = 37.81b USD (21.68b + Debt 16.24b - CCE 110.1m)
Interest Coverage Ratio = 2.90 (Ebit TTM 1.85b / Interest Expense TTM 639.0m)
EV/FCF = -90.03x (Enterprise Value 37.81b / FCF TTM -420.0m)
FCF Yield = -1.11% (FCF TTM -420.0m / Enterprise Value 37.81b)
FCF Margin = -6.32% (FCF TTM -420.0m / Revenue TTM 6.64b)
Net Margin = 13.99% (Net Income TTM 929.5m / Revenue TTM 6.64b)
Gross Margin = 52.95% ((Revenue TTM 6.64b - Cost of Revenue TTM 3.12b) / Revenue TTM)
Gross Margin QoQ = 58.12% (prev 53.29%)
Tobins Q-Ratio = 1.03 (Enterprise Value 37.81b / Total Assets 36.55b)
Interest Expense / Debt = 1.15% (Interest Expense 187.3m / Debt 16.24b)
Taxrate = 16.17% (53.7m / 332.1m)
NOPAT = 1.55b (EBIT 1.85b * (1 - 16.17%))
Current Ratio = 0.69 (Total Current Assets 2.38b / Total Current Liabilities 3.46b)
Debt / Equity = 1.72 (Debt 16.24b / totalStockholderEquity, last quarter 9.45b)
Debt / EBITDA = 5.33 (Net Debt 16.10b / EBITDA 3.02b)
Debt / FCF = -38.34 (negative FCF - burning cash) (Net Debt 16.10b / FCF TTM -420.0m)
Total Stockholder Equity = 9.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.72% (Net Income 929.5m / Total Assets 36.55b)
RoE = 10.23% (Net Income TTM 929.5m / Total Stockholder Equity 9.09b)
RoCE = 7.54% (EBIT 1.85b / Capital Employed (Equity 9.09b + L.T.Debt 15.46b))
RoIC = 6.35% (NOPAT 1.55b / Invested Capital 24.43b)
WACC = 4.58% (E(21.68b)/V(37.92b) * Re(7.28%) + D(16.24b)/V(37.92b) * Rd(1.15%) * (1-Tc(0.16)))
Discount Rate = 7.28% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 2.77%
Fair Price DCF = unknown (Cash Flow -420.0m)
EPS Correlation: 13.95 | EPS CAGR: -9.77% | SUE: 0.59 | # QB: 0
Revenue Correlation: 11.01 | Revenue CAGR: 0.42% | SUE: 1.85 | # QB: 2
EPS next Quarter (2026-03-31): EPS=1.06 | Chg30d=+0.004 | Revisions Net=+3 | Analysts=7
EPS current Year (2026-12-31): EPS=2.05 | Chg30d=-0.014 | Revisions Net=+2 | Growth EPS=+7.9% | Growth Revenue=+0.7%
EPS next Year (2027-12-31): EPS=2.22 | Chg30d=-0.019 | Revisions Net=+0 | Growth EPS=+8.2% | Growth Revenue=+4.1%