Every material Form 8-K NiSource has filed with the SEC since March 15, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NiSource reported third quarter 2026 GAAP net income available to common shareholders of $129.5 million, or $0.27 per diluted share, up from $94.7 million, or $0.20, a year earlier. Non-GAAP consolidated adjusted EPS was $0.27, compared with $0.19 in the same quarter of 2025. The company narrowed its 2026 adjusted EPS guidance to the upper half of $2.02-$2.07, introduced 2027 guidance of $2.22-$2.30, and extended its capital plan through 2033 with $40.0 billion of expected capital expenditures.
Q3 2026 GAAP net income of $129.5 million ($0.27 per diluted share) vs. $94.7 million ($0.20) in Q3 2025
Nine-month 2026 consolidated adjusted EPS of $1.49 vs. $1.38 in the same period of 2025
2026 adjusted EPS guidance narrowed to upper half of $2.02-$2.07; 2027 guidance set at $2.22-$2.30
Consolidated adjusted EPS growth outlook of 10%-11% CAGR for 2027-2033; $40.0 billion seven-year capital plan
NiSource reported second quarter 2026 results on August 5, 2026. GAAP net income available to common shareholders was $45.5 million, or $0.09 per diluted share, down from $102.2 million, or $0.22, a year earlier, and non-GAAP consolidated adjusted EPS was $0.16 versus $0.22. The company reaffirmed its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07, which matters to shareholders because earnings declined year over year while the outlook was held.
Q2 2026 GAAP net income was $45.5 million, or $0.09 per diluted share, versus $102.2 million, or $0.22, in Q2 2025.
Q2 2026 non-GAAP consolidated adjusted EPS was $0.16, versus $0.22 in Q2 2025; six-month adjusted EPS was $1.22, versus $1.19.
Q2 adjustments included $21.4 million of incremental costs tied to the April 2026 NIPSCO lockout period.
The company reaffirmed 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07 and a 9%-10% CAGR for 2026-2033.
NiSource reported first-quarter 2026 results, with GAAP net income available to common shareholders of $510.7 million, or $1.06 per diluted share, up from $474.8 million, or $1.00, a year earlier. The company reaffirmed its 2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07 and raised its 2026-2033 adjusted EPS compound annual growth rate target to 9%-10%.
GAAP net income available to common shareholders of $510.7 million, or $1.06 per diluted share, for the quarter ended March 31, 2026, versus $474.8 million, or $1.00, for the same period of 2025.
Non-GAAP consolidated adjusted EPS of $1.06, compared with $0.98 in the first quarter of 2025.
2026 non-GAAP consolidated adjusted EPS guidance of $2.02-$2.07 reaffirmed; the 2026-2033 CAGR target was raised to 9%-10%.
GenCo cost savings expanded to approximately $1.4 billion for existing customers through the Alphabet and Amazon collaboration.
NiSource reported full-year 2025 results, with GAAP net income available to common shareholders of $929.5 million, or $1.95 per diluted share, up from $739.7 million, or $1.62, in 2024. Adjusted EPS was $1.90, above the company's 2025 guidance range, and it reaffirmed 2026 adjusted EPS guidance of $2.02 to $2.07, so shareholders see both higher reported earnings and an unchanged outlook.
GAAP net income available to common shareholders rose to $929.5 million ($1.95 per diluted share) in 2025, from $739.7 million ($1.62) in 2024.
Adjusted EPS was $1.90 for 2025, compared with $1.75 in 2024, and above the 2025 guidance range.
FFO/Debt exceeded the 2025 non-GAAP guidance range.
The company reaffirmed 2026 non-GAAP consolidated adjusted EPS guidance of $2.02 to $2.07 and expects approximately $28.0 billion of capital investment from 2026 to 2030.
NiSource entered into a Seventh Amended and Restated Revolving Credit Agreement on December 11, 2025, replacing its existing facility. The filing says the facility increased by $650 million to $2.5 billion and its termination date moved from February 18, 2027 to December 11, 2030, giving the company more borrowing capacity for a longer period.
Facility size increased by $650 million to $2.5 billion
Termination date extended from February 18, 2027 to December 11, 2030
Standby letter of credit sublimit raised by $25 million to $175 million
Agreement removed provisions tied to environmental, social and governance targets that could have adjusted the Applicable Rate
On October 31, 2025, NiSource entered into equity distribution agreements with eleven banks for an at-the-market program to sell up to $1.5 billion of common stock through December 31, 2028. The program replaces a $900 million program set up on February 22, 2024, and includes about $47.5 million of unsold shares from that program. The company has no obligation to sell any shares, and any sales would add to shares outstanding, while proceeds are intended for general corporate purposes.
Program covers up to $1.5 billion gross sales price of common stock through December 31, 2028
Sales agents receive commissions of up to 2% of sales prices
Replaces the $900 million program established February 22, 2024, which had about $47.5 million unsold
Proceeds intended for general corporate purposes, including capital expenditures, working capital and repaying existing debt
NiSource reported third-quarter 2025 results on October 29, 2025. GAAP diluted EPS rose to $0.20 from $0.19 a year earlier, while non-GAAP adjusted EPS fell to $0.19 from $0.20; the company reaffirmed the upper half of its 2025 adjusted EPS guidance of $1.85-$1.89 and introduced 2026 guidance of $2.02-$2.07. It also announced a consolidated capital expenditure plan of $28.0 billion, including about $7.0 billion for data centers, and a 2026-2033 adjusted EPS compound annual growth rate target of 8%-9%.
Q3 2025 GAAP net income available to common shareholders was $94.7 million, or $0.20 per diluted share, versus $85.7 million, or $0.19, in Q3 2024.
Q3 2025 non-GAAP adjusted EPS was $0.19, versus $0.20 in Q3 2024; nine-month adjusted EPS was $1.38, versus $1.26.
Reaffirmed upper half of 2025 non-GAAP adjusted EPS guidance of $1.85-$1.89; 2026 consolidated adjusted EPS guidance of $2.02-$2.07.
Consolidated capital expenditure plan of $28.0 billion, about $8.6 billion more than the prior five-year plan, with nearly $7.0 billion for data center investments.
NiSource reported second-quarter 2025 GAAP net income available to common shareholders of $102.2 million, or $0.22 per diluted share, up from $85.8 million, or $0.19, a year earlier. The company narrowed its 2025 non-GAAP adjusted EPS guidance to the upper half of $1.85-$1.89 and reaffirmed expected annual non-GAAP adjusted EPS growth of 6%-8% for 2025-2029, which shareholders would see as a higher earnings expectation for 2025.
Q2 2025 GAAP net income was $102.2 million, or $0.22 per diluted share, versus $85.8 million, or $0.19, in Q2 2024.
Q2 2025 non-GAAP adjusted EPS was $0.22, versus $0.21 in Q2 2024; adjusted net income was $101.9 million versus $94.7 million.
2025 non-GAAP adjusted EPS guidance was narrowed to the upper half of $1.85-$1.89.
The company reaffirmed 2025-2029 non-GAAP adjusted EPS growth of 6%-8% annually, backed by $19.4 billion of planned capital expenditures.
NiSource reported first-quarter 2025 results on May 7, 2025, with GAAP net income available to common shareholders of $474.8 million, or $1.00 per diluted share, up from $344.3 million, or $0.77, a year earlier. Non-GAAP adjusted EPS was $0.98, compared with $0.85 in the first quarter of 2024. The company reaffirmed its 2025 non-GAAP adjusted EPS guidance of $1.85-$1.89, which matters to shareholders because it signals no change to its earnings outlook.
GAAP net income available to common shareholders was $474.8 million, or $1.00 per diluted share, versus $344.3 million, or $0.77, in Q1 2024
Non-GAAP adjusted EPS was $0.98, versus $0.85 in Q1 2024; adjusted net income was $462.3 million versus $382.8 million
2025 non-GAAP adjusted EPS guidance of $1.85-$1.89 was reaffirmed, along with 8%-10% rate base growth and 6%-8% annual adjusted EPS growth for 2025-2029
Weather compared with normal reduced operating revenue by $16.8 million in Q1 2025, versus a $32.9 million benefit in Q1 2024
NiSource reported full-year 2024 results, with adjusted EPS of $1.75 above its guidance range and GAAP diluted EPS of $1.62, up from $1.48 in 2023. The company raised its 2025 adjusted EPS guidance to $1.85-$1.89 and increased its base capital expenditure plan to $19.4 billion, which it says should support 8%-10% rate base growth and 6%-8% annual adjusted EPS growth for 2025-2029.
2024 GAAP net income available to common shareholders was $739.7 million, or $1.62 per diluted share, versus $661.7 million, or $1.48, in 2023
2024 non-GAAP adjusted net income was $798.6 million, or $1.75 per share, versus $716.3 million, or $1.60, in 2023
2025 non-GAAP adjusted EPS guidance raised to $1.85-$1.89
Base capital expenditure plan increased to $19.4 billion from $19.3 billion, a $100 million increase
NiSource's compensation committee granted a one-time equity award to Michael Luhrs, Executive Vice President, Strategy Risk and Chief Commercial Officer, on January 22, 2025. The award is valued at $2 million on the grant date and vests in stages through 2028, which ties a portion of his pay to continued service.
Award granted January 22, 2025, by the Compensation and Human Capital Committee
Valued at $2 million on the grant date, consisting of 52,938 restricted stock units
Vests 33% on January 22, 2026, 33% on January 22, 2027 and 34% on January 22, 2028
Vesting may also occur in connection with certain separations from service
NiSource reported third-quarter 2024 GAAP net income available to common shareholders of $85.7 million, or $0.19 per diluted share, up from $77.0 million, or $0.17, a year earlier. It reaffirmed 2024 non-GAAP adjusted EPS guidance of $1.70-1.74 and introduced 2025 adjusted EPS guidance of $1.84-1.88, with a 2025-2029 base capital expenditure plan of $19.3 billion, which the company said is about $2.9 billion larger than its prior 5-year plan.
Q3 2024 GAAP EPS of $0.19 versus $0.17 in Q3 2023; non-GAAP adjusted EPS of $0.20 versus $0.19
Nine-month 2024 GAAP net income of $515.8 million, or $1.14 per diluted share, versus $436.1 million, or $0.98, in 2023
2024 adjusted EPS guidance of $1.70-1.74 reaffirmed; 2025 adjusted EPS guidance of $1.84-1.88 introduced
Company extends expected 6-8% annual adjusted EPS growth through 2029 on 8-10% rate base growth for 2025-2029
NiSource reported second quarter 2024 results, with GAAP net income available to common shareholders of $85.8 million, or $0.19 per diluted share, up from $39.9 million, or $0.09, a year earlier. Adjusted EPS was $0.21 versus $0.11, and the company reaffirmed its 2024 adjusted EPS guidance of $1.70-1.74 and its 6-8% annual adjusted EPS growth target for 2023-2028.
Q2 2024 GAAP net income available to common shareholders: $85.8 million, $0.19 per diluted share, versus $39.9 million, $0.09, in Q2 2023
Q2 2024 adjusted net income available to common shareholders: $94.7 million, $0.21 adjusted EPS, versus $50.3 million, $0.11, in Q2 2023
2024 adjusted EPS guidance of $1.70-1.74 reaffirmed; 2024-2028 base capital expenditure plan is $16.4 billion
Six months ended June 30, 2024 GAAP EPS was $0.95, versus $0.80 a year earlier
NiSource reported first quarter 2024 GAAP net income available to common shareholders of $344.3 million, or $0.77 per diluted share, up from $319.2 million, or $0.71 per share, a year earlier. The company reaffirmed its 2024 adjusted EPS guidance of $1.70-1.74 and raised its 2024-2028 base capital expenditure plan to $16.4 billion, a $400 million increase, without incremental equity issuance.
Q1 2024 GAAP net income available to common shareholders was $344.3 million, or $0.77 per diluted share, versus $0.71 a year earlier
Q1 2024 adjusted EPS was $0.85, compared with $0.77 in Q1 2023
2024 adjusted EPS guidance of $1.70-1.74 reaffirmed; 2023-2028 adjusted EPS growth of 6-8% a year reaffirmed
2024-2028 base capital expenditure plan increased to $16.4 billion from $16 billion
NiSource said director Aristides S. Candris retired from its board effective March 19, 2024, and that the board appointed John McAvoy as a director the same day. The company said Candris's retirement was not due to any disagreement on its operations, policies or practices, so the change is a board succession event rather than a sign of internal dispute.
Aristides S. Candris retired from the board effective March 19, 2024, after serving as a director since 2012
John McAvoy, 63, was appointed a director effective March 19, 2024, and will stand for election at the 2024 Annual Meeting
McAvoy will join the Compensation and Human Capital Committee and the Safety, Operations, Regulatory and Policy Committee
McAvoy will receive an annualized director retainer of $275,000, including $110,000 in cash and restricted stock units valued at $165,000
NiSource Inc. disclosed that Executive Vice President and Chief Innovation Officer Donald Brown will depart the company, with a separation date on or before May 1, 2024 and an expected last day of April 1, 2024. Brown signed a separation agreement dated March 15, 2024, under which he receives a lump sum equal to his annual salary plus 130% of the cost of 52 weeks of COBRA coverage, subject to signing a release of claims. The filing describes the terms as consistent with the company's Executive Severance Policy, so the departure appears routine for shareholders.
Donald Brown, EVP and Chief Innovation Officer, departs; last day expected April 1, 2024
Separation Date on or before May 1, 2024; departure was first reported February 19, 2024
Severance: lump sum of annual salary plus 130% of 52 weeks of COBRA coverage, conditioned on a release of claims
Full Separation Agreement dated March 15, 2024 filed as Exhibit 10.1
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