NiSource (NI) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.27
- Estimate
- $0.23
- Surprise
- +16.9%
- Revenue (period 2026-09-30)
- $1.30B
- Score at report (before → after)
- 4.6 → 4.7/10
Revenue source: xbrl.
How the report landed
NiSource (NI) beat the $0.23 estimate with adjusted EPS of $0.27 — a large 16.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (4.6/10) to Sell at 4.7/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NI Sell at 4.7/10.
3 of the last 4 quarters beat the estimate; this quarter's +16.9% surprise compares with a +5.7% four-quarter average.
What supports the rating
- Sector modifier (Utilities): +1.0
- Strong earnings beat streak (3/4)
What argues against it
- Analyst target reached - limited upside remaining
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3)
- Leverage penalty (D/E 1.5): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $43.87
- Stop
- $42.31
The stock trades at 23.3× trailing but 19.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 77 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 1.6× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
NI at TrendMatrix's latest read
Utility earnings are regulatory outcomes on a lag — allowed-return and rate-case posture frame any quarter's print.
- Industry
- Utilities - Regulated Gas
- Market cap
- $21.04B
- P/E (fwd)
- 19.5
- P/E (ttm)
- 23.3
- 52-week range
- $38.42–$49.21
- Off 52-week high
- 10.9%
- RSI (14)
- 77
- Volume vs avg
- 1.61×
- Score today
- 4.7/10