NiSource (NYSE: NI) Q1 2026 Financial Results: Mixed Performance in the Utility Sector

• NiSource's Q1 2026 earnings per share (EPS) matched analyst consensus, showing year-over-year growth.
• Despite an increase from the previous year, NiSource's revenue for the quarter fell short of analyst expectations.
• Key financial metrics, including a P/E ratio of 19.64 and a Debt-to-Equity ratio of 1.60, offer insights into the company's valuation and financial leverage.

NiSource (NYSE: NI) is one of the largest fully regulated utility companies in the United States. The company provides natural gas and electric services to millions of customers. NiSource recently announced its financial results for the first quarter of 2026, showing a mixed performance against analyst expectations.

The company reported an earnings per share (EPS) of $1.06, which matched the analyst consensus estimate. This figure represents an increase from the $0.98 EPS reported in the same quarter last year. As highlighted by Business Wire, NiSource's net income available to common shareholders was $510.70 million for the quarter.

However, NiSource's revenue for the quarter came in at $2.37 billion. This figure was below the analyst consensus estimate of $2.52 billion, missing expectations by 2.47%. Despite the miss, this quarter's revenue is still an increase from the $2.17 billion reported in the first quarter of the previous year.

Looking at the company's valuation, NiSource has a Price-to-Earnings (P/E) ratio of 19.64. The P/E ratio is a way to measure a company's stock price relative to its earnings. A higher P/E can suggest that investors expect higher earnings growth in the future.

The company's financial structure includes a Debt-to-Equity ratio of 1.60. This ratio compares a company's total debt to its total shareholder equity and is often used to evaluate its financial leverage. NiSource also has an earnings yield of 5.09%.