The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

NI

Concerning the House

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates steam coal generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County; and solar generating units in Sullivan County, Gibson County, Jasper County, and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

United States · www.nisource.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$5.35B-1.2%
Gross profit$1.21B-9.4%
Operating income$1.30B+3.3%
Net income$929.50M+25.1%
Cash from ops$1.94B+1.0%
Quotation

$42.08

+0.09 (+0.2%)

52w hi$48.75
52w lo$38.34
Vol3.75M
As ofAug 13
The Verdict

Sell

Our score -0.60

Short-0.30
Medium-0.79
Long-0.83

computed 2026-08-13

By the Numbers

NiSource Inc.

Utilities · Utilities - Regulated Gas

Market cap$20.18B
Enterprise value$39.83B
Trailing P/E22.38x
Forward P/E18.68x
EV / EBITDA13.16x
P / S (ttm)2.93x
Profit margin13.2%
Return on equity8.5%
Revenue growth+4.6%
Earnings growth-58.4%
Debt / equity146.65
Risk Metrics
Beta vs SPX0.32
Corr SPX0.28
Annual vol18.8%
Annual ret+17.0%
Sharpe0.90
Max DD-14.9%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.03
Sector-0.01
Technical-0.21
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$42.19$42.35$42.04$42.083.75M
Aug 12$41.82$42.37$41.67$41.996.53M
Aug 11$41.73$42.11$41.41$42.017.58M
Aug 10$42.34$42.34$41.70$41.787.67M
Aug 7$43.15$43.31$42.55$42.617.67M