NiSource announced a $40 billion capital spending plan for 2027–2033 on October 28 while narrowing its current-year earnings outlook, according to its SEC-furnished results release.
The seven-year plan comprises $32 billion in base-plan investment and $8 billion for data centers. NiSource projects consolidated adjusted earnings growth of 10%–11% annually over that period. Its base-plan adjusted earnings growth target is 6%–8%.
The utility now expects 2026 consolidated adjusted earnings in the upper half of its $2.02–$2.07 per-share range. It introduced a 2027 forecast of $2.22–$2.30 per share.
For the quarter ended September 30, net income available to common shareholders reached $129.5 million, or 27 cents per diluted share, compared with $94.7 million, or 20 cents, a year earlier.
Adjusted net income rose to $130.9 million from $91.8 million. Adjusted earnings were 27 cents per share, compared with 19 cents.
The spending plan and earnings growth figures describe management's intentions and forecasts, rather than completed investments or guaranteed returns. Adjusted earnings exclude specified items and supplement standard accounting results.
Sources: NiSource earnings release furnished with its October 28 SEC filing.