NiSource Inc (NI)
合理估值基本面
63
价格
$39.17
市值
$18.75B
第一部分 · 这家公司值多少
概览
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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users
CenterPoint runs the same combination of regulated gas distribution plus regulated electric service in Indiana and gas distribution in Ohio, the two states where NiSource's NIPSCO and Columbia Gas of Ohio operate, so the two compete directly for Midwestern rate-base investment, industrial load and new large customers such as data centres.
Atmos is the closest pure play to NiSource's core business — about three million regulated gas distribution customers against NiSource's 3.5 million — and the two overlap in Kentucky while competing for the same residential and commercial gas users elsewhere in the Midwest and South.
ONE Gas is a purely regulated gas distributor serving more than two million homes and businesses in Oklahoma, Kansas and Texas, offering the same service to the same kind of customer as NiSource's Columbia Gas utilities, in adjacent states rather than the same ones.
Spire distributes regulated natural gas to households and businesses in Missouri, Alabama and Mississippi, the same residential and commercial gas franchise model as NiSource, and bids for the same infrastructure-replacement spending in neighbouring Midwestern territory.
National Fuel Gas distributes regulated natural gas to households and businesses in western Pennsylvania and New York, right beside Columbia Gas of Pennsylvania's territory, and moves Appalachian gas through pipelines that serve the same regional market.
Southwest Gas is another investor-owned regulated gas distributor whose revenue comes almost entirely from residential and small commercial gas delivery in Arizona, Nevada and California, the same business NiSource runs in six eastern and midwestern states.
资产负债表与流动性
营收
$11.37B
最近12个月（截至2026/6/30）
净利润
-
最近12个月（截至2026/6/30）
自由现金流
$-420M
股东权益合计
$9.45B
负债合计
$24.20B
流动比率
0.50
利息覆盖率
2.87
债务/EBITDA
5.80
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
债务负担有多重
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$38.88
当前价格
$39.17
安全边际
-0.7%
公允价值区间
$30.13 - $47.63
所用估值方法之间的离散区间，并非经过统计校准的置信区间。
估算方法
估值指标
市盈率（P/E）
20.05
ROE
9.8%
市净率（P/B）
1.95
P/FCF
-
毛利率
-
ROIC
4.5%
盈利能力雷达图
价值创造（经济护城河）
ROIC
4.5%
WACC
5.5%
ROIC − WACC
-1.1 pp
ROIC 低于资本成本：公司每投入一美元都在毁灭价值。
基本面分析标准
通过（16）
- EPS shows upward trend
- EPS CAGR 11.86%
- Price CAGR 6.46%
- P/B Ratio 1.95
- Debt/Equity ratio
- Operating Margin 28.1%
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 9.6%
- Revenue Growth 5Y 7.8%
- Analyst Consensus 83% Buy
- Earnings Quality (OCF/NI) 2.54
- Share Dilution 1.6%
- Piotroski F-Score 6/9
未通过（6）
- ROIC 4.5%
- Positive Free Cash Flow
- Current Ratio
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg -3.1%
不可用（6）
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- PEG Ratio (need PE > 0 and growth > 0)
- Net Margin Trend (invalid data)
Piotroski F-评分
信号混杂：部分领域需关注
盈利质量
高质量：盈利有现金流支撑
股权稀释
股份数量稳定
机构持股
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Mr. Lloyd M. Yates | President, CEO & Director | 64 |
| Mr. Shawn Anderson | Executive VP & CFO | 43 |
| Mr. William Jefferson Jr. | Executive VP and Chief Operating & Safety Officer | 63 |
| Mr. Michael S. Luhrs | Executive VP of Technology & Customer and Chief Commercial Officer | 52 |
| Ms. Melody Birmingham | Executive VP & Group President of NiSource Utilities | 53 |
| Mr. Gunnar J. Gode | Senior VP, Chief Accounting & Tax Officer | 50 |
| Ms. Melanie B. Berman | Executive VP of Administration & Chief Human Resources Officer | 54 |
| Mr. Durgesh Chopra | Vice President of Investor Relations | - |
| Ms. Kimberly S. Cuccia | Executive VP, General Counsel & Corporate Secretary | 41 |
| Ms. Angela Sanchez | Vice President of Communications | - |
审计风险
7
董事会风险
3
薪酬风险
5
股东权利风险
5
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有：它帮助你在基本面说服你之后，选择何时买入。包含：技术分析、潜力、历史回撤、Gamma 敞口。
损益历史
via SEC EDGAR
Latest News
Recent headlines for NI, sourced from Markets Gazette.
- 5/6/2026NEUTRALNiSource Reports Q1 2026 Results: Full Earnings Call Transcript
NiSource Inc. has released its Q1 2026 earnings call transcript. While the transcript provides a detailed overview of the company's financial performance and strategic outlook, it does not contain specific forward-looking guidance or new material information that would suggest a significant shift in the company's valuation. Investors should review the transcript for qualitative insights into operational performance, management commentary on industry trends, and any disclosed capital expenditure plans or regulatory updates that may impact future earnings. The absence of explicit financial targets or surprises indicates a status quo assessment for the immediate trading period.
- 4/17/2026POSITIVENiSource Teams Up With Alphabet And Amazon To Power AI Data Centers—And Says Your Energy Bills Could Drop By This Much
NiSource Inc. has announced a significant partnership with Alphabet and an expanded deal with Amazon, focusing on powering AI data centers. This collaboration aims to leverage renewable energy sources to meet the substantial power demands of these facilities, while simultaneously promising to reduce energy costs for NiSource's existing customer base. The initiative highlights a strategic move towards sustainable energy solutions and innovation in the utility sector, potentially positioning NiSource as a leader in supporting the growth of AI infrastructure. Investors will be watching for the financial implications of these large-scale contracts and the projected impact on customer bills.
via Markets Gazette