NI
Nisource Inc. Utilities Electric & Other Services Combined S&P 500Russell 3000
$44.57Close
$21.3BMarket cap
$38.74 – $48.7552-week range
Late-januaryNext report · estimated
Highlights
Strengths
- Earnings growing EPS +35% year on year, faster than the quarter before (+91 pts)
Cautions
- Not in an uptrend 4 of 8 trend conditions
- Lagging the market RS 44 · weaker than 56% of stocks over 12 months
- Extended 5.2 ATR above its 50-day average
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
9%
1wk
up 3.7%
price change
1mo
up 15.1%
price change
12-month return
up 9%
market up 11% ·
its own down 3%
F-score
—
— Not assessed
Altman Z″
0.49
Elevated risk
P/E
22.9×
price / earnings
PEG
1.31
P/E / EPS growth
P/B
2.3×
price / book
Earnings yield
up 5.0%
EBIT / enterprise value
Cheaper than
51%
of the market · around average
Revenue growth
up 23%
year on year
EPS growth
up 35%
latest quarter · +91 pts
Sales growth
up 5%
latest quarter · +1 pts
ROE
up 10%
return on equity
Free cash margin
down 6%
-$420.0M FCF
D/E
1.64
long-term debt / equity
Net debt / EBITDA
5.1×
Interest cover
—EBIT / interest
Piotroski tests
Repair signals
- Revenue reaccelerating (-1% then +23%)
Trade setup
ATR%
1.7%
$0.76 a day · 2×ATR $43.05
RS
44 / 99
vs the universe
Trend
4 / 8
trend template
Relative volume
1.3×
vs 50-day average
Up/down volume
1.00
50 sessions
Implied move
—
no scheduled report
Trend template · 4 of 8
- Price above the 150 and 200-day averages: passes
- 150-day average above the 200-day: fails
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: passes
- At least 30% above the 52-week low: fails
- Within 25% of the 52-week high: passes
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Heavily indebted Net debt is 5.1 times EBITDA — roughly 5 years of earnings before interest, tax and depreciation to repay borrowings in full.
Last reported
Oct 28, 2026
Results reaction
Oct 28, 2026+3% vs market2 sessions after results
Options
$10,38217.9% IV · activity
Financials
- Net 14%
- Free cash -6%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.5B | $4.7B | $5.7B | $5.3B | $5.3B | $6.5B |
| Operating income | $550.8M | $1.0B | $1.3B | $1.3B | $1.5B | $1.8B |
| Net income | -$17.6M | $584.9M | $804.1M | $714.3M | $760.4M | $929.5M |
| Net margin | -0% | 12% | 14% | 13% | 14% | 14% |
| Earnings per share | -$0.05 | $1.40 | $1.82 | $1.59 | $1.67 | $1.96 |
| Free cash flow | -$654.1M | -$620.1M | -$793.7M | -$710.7M | -$832.5M | -$420.0M |
| Free cash margin | -15% | -13% | -14% | -13% | -16% | -6% |
| Cash | $116.5M | $84.2M | $40.8M | $2.2B | $156.6M | $110.1M |
| Long-term debt | $9.2B | $9.2B | $9.5B | $11.1B | $12.1B | $15.5B |
| Shareholders' equity | $5.8B | $6.9B | $7.6B | $8.3B | $8.7B | $9.5B |
| Shares outstanding | 391.76m | 405.30m | 412.14m | 447.38m | 469.82m | 478.43m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $43 – $46 ±3.6% by Nov 20, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 17.9% priced · 19.5% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- About the same
Positioning
- Premium traded
- $10,382 calls $5,770 · puts $4,612 · latest session
- 0.80×
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -50 · puts +103 past week
For options traders: ATM IV 17.9% (-0.6% 1w) · 1m ÷ 3m IV 1.01 · 25Δ skew — pts · Net GEX $336,825
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 28, 2026 | Quarterly ↗ | Sep 30, 2026 | 28d |
| Aug 5, 2026 | Quarterly ↗ | Jun 30, 2026 | 36d |
| May 6, 2026 | Quarterly ↗ | Mar 31, 2026 | 36d |
| Feb 11, 2026 | Annual ↗ | Dec 31, 2025 | 42d |
| Oct 29, 2025 | Quarterly ↗ | Sep 30, 2025 | 29d |
| Aug 6, 2025 | Quarterly ↗ | Jun 30, 2025 | 37d |
| May 7, 2025 | Quarterly ↗ | Mar 31, 2025 | 37d |
| Feb 12, 2025 | Annual ↗ | Dec 31, 2024 | 43d |
| Oct 30, 2024 | Quarterly ↗ | Sep 30, 2024 | 30d |
| Aug 7, 2024 | Quarterly ↗ | Jun 30, 2024 | 38d |
| May 8, 2024 | Quarterly ↗ | Mar 31, 2024 | 38d |
| Feb 21, 2024 | Annual ↗ | Dec 31, 2023 | 52d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 28, 2026 | Results ↗ |
| Oct 16, 2026 | New obligation ↗ |
| Aug 18, 2026 | Other events ↗ |
| Aug 5, 2026 | Results ↗ |
| May 18, 2026 | Other events ↗ |
| May 12, 2026 | Shareholder vote ↗ |
| May 6, 2026 | Results ↗ |
| Feb 11, 2026 | Results ↗ |
| Dec 11, 2025 | Material agreement · New obligation ↗ |
| Nov 7, 2025 | Other events ↗ |
| Oct 31, 2025 | Material agreement · Other events ↗ |
| Oct 29, 2025 | Results ↗ |