Q4 2025 NiSource Inc Earnings Call Transcript
Key Points
- NiSource Inc (NI) achieved a full year adjusted EPS of $1.90 per share, surpassing their guidance range.
- The company successfully executed an agreement with Amazon, expected to return approximately $1 billion in value to Indiana customers.
- NiSource Inc (NI) maintained ISO 555,001 and API 1,173 certifications, underscoring their commitment to a strong safety management system.
- The company plans to invest approximately $28 billion over the next five years to modernize and maintain infrastructure, focusing on safety and reliability.
- NiSource Inc (NI) reported fourth quarter adjusted EPS of $0.51, bringing their year-to-date total to $1.90, reaffirming 2026 consolidated adjusted EPS guidance of $2.02 to $2.07.
- Increased operating and interest expenses partially offset regulatory execution in Indiana, Pennsylvania, and Ohio.
- Significant weather effects impacted the fourth quarter, contributing about 70 basis points in FFO to debt for the full year.
- The company faces challenges with regulatory lag and aligning cost recovery with investment timing.
- There is uncertainty regarding the timing of future data center projects and regulatory approvals.
- NiSource Inc (NI) has not incorporated any upside from economic development or large load customers into their Columbia Gas Ohio forecast yet.
Hello and thank you for standing by. My name is Tiffany and I will be your conference operator today.
At this time I would like to welcome everyone to the Q4 2025 NISource earnings conference call.
All lines have been placed on mute to prevent any background noise.
After the speaker's remarks, there will be a question-and-answer session.
If you would like to ask a question during that time, simply press star, then the number one on your telephone keypad.
I would now like to turn the call over to Durgesh Chopra, Vice President of investor relations. Durgesh, please go ahead.
Thank you, Tiffany. Good morning and welcome to NISource's 4th quarter 2025 investor call.
Joining me today are President and Chief Executive Officer Lloyd Yates.
Executive Vice President and Chief Financial Officer Sean Anderson, executive Vice President of technology, customer, and Chief Commercial Officer Michael Oers, and executive Vice President and
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