Description

NiSource’s $1.4 Billion Data Center Savings Play: Amazon And Alphabet Catalyst?

NiSource’s first quarter 2026 financial results demonstrate ongoing execution of its regulated utility business strategy, supported by a stable regulatory environment across six jurisdictions and operational improvements. The company reported consolidated adjusted earnings per share (EPS) of $1.06, representing 52% of its full-year guidance midpoint, and reaffirmed full-year consolidated adjusted EPS guidance in the range of $2.02 to $2.07. It also raised its long-term consolidated adjusted EPS compound annual growth rate (CAGR) forecast by 100 basis points to 9%-10% through 2033, reflecting confidence in its capital deployment and growth prospects tied to data center investments. A key growth driver is NiSource’s innovative NIPSCO GenCo model, designed to serve large data center customers with speed and flexibility while shielding retail customers from associated costs. The company announced an expansion of its capacity commitments to Amazon and a new 340-megawatt partnership with Alphabet, collectively expected to generate approximately $1.