← NiSource overview

NiSource vs Fortis: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

NiSource Inc (NI)

Q3 2026
▲2▼1

NiSource's data-center growth story meets storm costs and a governor's probe

  • Data centers and $28.6B buildout drive growth NiSource won Indiana approval for its Amazon and Alphabet data center contracts, which should return about $1.4 billion in bill relief to existing customers. It has 3 gigawatts of data centers in talks and plans $28.6 billion of investment through 2030, growing its rate base 9-11% a year.

    This is the core long-term force lifting NI: new large power customers and a big regulated construction plan.

  • Weak Q2 profit, but guidance held Second-quarter profit fell to $45.5 million from $102.2 million, with adjusted earnings of $0.16 a share, hurt by record tornadoes and higher storm and labor costs. Management still reaffirmed full-year guidance of $2.02-$2.07 and 6-8% long-term growth, so investors looked past the weak quarter.

    The earnings drop is the main near-term drag, while reaffirmed guidance is the offset that keeps the story intact.

  • Indiana governor seeks NIPSCO investigation Governor Mike Braun asked the state consumer office to file a complaint over NIPSCO's slow storm restoration, with 9,000-plus customers still out nearly two weeks later. A regulatory probe could bring penalties, added costs, or pressure on future rate requests, weighing on NI shares.

    This is the newest and clearest risk to NI: regulatory scrutiny that could cost money and hurt trust.

  • Dividend kept steady, funds still hold NI NiSource declared its usual $0.30 quarterly dividend, payable in August and again in November, keeping its long record of annual increases. Goldman Sachs also listed NI among AI infrastructure stocks bought by both hedge funds and mutual funds, a sign of steady institutional demand.

    Shows the income and fund-ownership support that underpins NI's valuation while growth projects play out.

August 2026
▲2▼1

NiSource's data-center growth story meets storm costs and a governor's probe

  • Data centers and $28.6B buildout drive growth NiSource won Indiana approval for its Amazon and Alphabet data center contracts, which should return about $1.4 billion in bill relief to existing customers. It has 3 gigawatts of data centers in talks and plans $28.6 billion of investment through 2030, growing its rate base 9-11% a year.

    This is the core long-term force lifting NI: new large power customers and a big regulated construction plan.

  • Weak Q2 profit, but guidance held Second-quarter profit fell to $45.5 million from $102.2 million, with adjusted earnings of $0.16 a share, hurt by record tornadoes and higher storm and labor costs. Management still reaffirmed full-year guidance of $2.02-$2.07 and 6-8% long-term growth, so investors looked past the weak quarter.

    The earnings drop is the main near-term drag, while reaffirmed guidance is the offset that keeps the story intact.

  • Indiana governor seeks NIPSCO investigation Governor Mike Braun asked the state consumer office to file a complaint over NIPSCO's slow storm restoration, with 9,000-plus customers still out nearly two weeks later. A regulatory probe could bring penalties, added costs, or pressure on future rate requests, weighing on NI shares.

    This is the newest and clearest risk to NI: regulatory scrutiny that could cost money and hurt trust.

  • Dividend kept steady, funds still hold NI NiSource declared its usual $0.30 quarterly dividend, payable in August and again in November, keeping its long record of annual increases. Goldman Sachs also listed NI among AI infrastructure stocks bought by both hedge funds and mutual funds, a sign of steady institutional demand.

    Shows the income and fund-ownership support that underpins NI's valuation while growth projects play out.

Latest
▲2▼1

NiSource's data-center growth story meets storm costs and a governor's probe

  • Data centers and $28.6B buildout drive growth NiSource won Indiana approval for its Amazon and Alphabet data center contracts, which should return about $1.4 billion in bill relief to existing customers. It has 3 gigawatts of data centers in talks and plans $28.6 billion of investment through 2030, growing its rate base 9-11% a year.

    This is the core long-term force lifting NI: new large power customers and a big regulated construction plan.

  • Weak Q2 profit, but guidance held Second-quarter profit fell to $45.5 million from $102.2 million, with adjusted earnings of $0.16 a share, hurt by record tornadoes and higher storm and labor costs. Management still reaffirmed full-year guidance of $2.02-$2.07 and 6-8% long-term growth, so investors looked past the weak quarter.

    The earnings drop is the main near-term drag, while reaffirmed guidance is the offset that keeps the story intact.

  • Indiana governor seeks NIPSCO investigation Governor Mike Braun asked the state consumer office to file a complaint over NIPSCO's slow storm restoration, with 9,000-plus customers still out nearly two weeks later. A regulatory probe could bring penalties, added costs, or pressure on future rate requests, weighing on NI shares.

    This is the newest and clearest risk to NI: regulatory scrutiny that could cost money and hurt trust.

  • Dividend kept steady, funds still hold NI NiSource declared its usual $0.30 quarterly dividend, payable in August and again in November, keeping its long record of annual increases. Goldman Sachs also listed NI among AI infrastructure stocks bought by both hedge funds and mutual funds, a sign of steady institutional demand.

    Shows the income and fund-ownership support that underpins NI's valuation while growth projects play out.

Fortis Inc (FTS)

Q3 2026
▲3

Fortis Q2 profit rises, capital plan reaffirmed, US$1B notes priced

  • Q2 profit and revenue rise Fortis earned C$396 million (C$0.78 a share) in the second quarter, up from C$384 million, as revenue rose 4.1% to C$2.93 billion. Higher sales and rate base growth lift earnings, which supports the dividend and the stock.

    The quarter's profit growth is the core new financial result behind the period.

  • Big five-year building plan reaffirmed Fortis spent C$2.7 billion in the first half and stuck with its C$5.6 billion annual and roughly C$26-28.8 billion five-year construction plans. That spending grows the rate base about 7% a year, which is the main engine for future earnings and 4-6% dividend growth.

    The reaffirmed capital plan is the long-term driver of earnings and dividend growth.

  • Tilbury LNG expansion approved British Columbia approved the Tilbury LNG Phase 1B expansion, costing up to about C$2.2 billion, with construction starting 2027 and service by 2031. It is extra spending beyond the current plan, a new source of future earnings, though it also adds project and cost risk.

    The Tilbury approval is a concrete new growth project beyond the existing plan.

  • US$1 billion debt raised, and valuation debate Fortis priced US$1 billion of long-term notes at 6.6-6.9% interest to repay maturing debt. That adds fixed interest cost but locks in funding for its building program. Meanwhile one analysis claims the shares are 70% below fair value, while analyst estimates call them roughly fairly priced.

    The new borrowing and the split valuation views are the remaining fresh items this period.

August 2026
▲3

Fortis Q2 profit rises, capital plan reaffirmed, US$1B notes priced

  • Q2 profit and revenue rise Fortis earned C$396 million (C$0.78 a share) in the second quarter, up from C$384 million, as revenue rose 4.1% to C$2.93 billion. Higher sales and rate base growth lift earnings, which supports the dividend and the stock.

    The quarter's profit growth is the core new financial result behind the period.

  • Big five-year building plan reaffirmed Fortis spent C$2.7 billion in the first half and stuck with its C$5.6 billion annual and roughly C$26-28.8 billion five-year construction plans. That spending grows the rate base about 7% a year, which is the main engine for future earnings and 4-6% dividend growth.

    The reaffirmed capital plan is the long-term driver of earnings and dividend growth.

  • Tilbury LNG expansion approved British Columbia approved the Tilbury LNG Phase 1B expansion, costing up to about C$2.2 billion, with construction starting 2027 and service by 2031. It is extra spending beyond the current plan, a new source of future earnings, though it also adds project and cost risk.

    The Tilbury approval is a concrete new growth project beyond the existing plan.

  • US$1 billion debt raised, and valuation debate Fortis priced US$1 billion of long-term notes at 6.6-6.9% interest to repay maturing debt. That adds fixed interest cost but locks in funding for its building program. Meanwhile one analysis claims the shares are 70% below fair value, while analyst estimates call them roughly fairly priced.

    The new borrowing and the split valuation views are the remaining fresh items this period.

Latest
▲3

Fortis Q2 profit rises, capital plan reaffirmed, US$1B notes priced

  • Q2 profit and revenue rise Fortis earned C$396 million (C$0.78 a share) in the second quarter, up from C$384 million, as revenue rose 4.1% to C$2.93 billion. Higher sales and rate base growth lift earnings, which supports the dividend and the stock.

    The quarter's profit growth is the core new financial result behind the period.

  • Big five-year building plan reaffirmed Fortis spent C$2.7 billion in the first half and stuck with its C$5.6 billion annual and roughly C$26-28.8 billion five-year construction plans. That spending grows the rate base about 7% a year, which is the main engine for future earnings and 4-6% dividend growth.

    The reaffirmed capital plan is the long-term driver of earnings and dividend growth.

  • Tilbury LNG expansion approved British Columbia approved the Tilbury LNG Phase 1B expansion, costing up to about C$2.2 billion, with construction starting 2027 and service by 2031. It is extra spending beyond the current plan, a new source of future earnings, though it also adds project and cost risk.

    The Tilbury approval is a concrete new growth project beyond the existing plan.

  • US$1 billion debt raised, and valuation debate Fortis priced US$1 billion of long-term notes at 6.6-6.9% interest to repay maturing debt. That adds fixed interest cost but locks in funding for its building program. Meanwhile one analysis claims the shares are 70% below fair value, while analyst estimates call them roughly fairly priced.

    The new borrowing and the split valuation views are the remaining fresh items this period.