NI · 8-K · 20260805PR000087
Net Income and EPS Performance
NISOURCE INC. · 2026-08-05 · Importance 50 · Surprise 46 · No source text
Second-quarter 2026 GAAP net income available to common shareholders fell to $45.5 million, or $0.09 per diluted share, from $102.2 million, or $0.22, in the second quarter of 2025. Second-quarter non-GAAP adjusted net income declined to $77.6 million, or $0.16 of adjusted EPS, from $101.9 million, or $0.22. For the first six months of 2026, GAAP net income was $556.2 million, or $1.15 per diluted share, versus $577.0 million, or $1.22, while adjusted net income increased to $587.2 million, or $1.22, from $564.2 million, or $1.19. The second-quarter GAAP decline included $42.8 million of operating-income adjustments, including $16.0 million of favorable weather impact, $21.4 million of workplace-continuity costs and $5.4 million of Value Captured initiative costs.
Key facts
- Total adjustments to operating income for the three months ended June 30, 2026: $42.8 million (compared to $(0.3) million for 2025). source
- Total adjustments to net income for the three months ended June 30, 2026: $32.1 million (compared to $(0.3) million for 2025). source
- Adjustment labeled 'Workplace continuity' for the three months ended June 30, 2026: $21.4 million (zero for 2025). source
- Adjustment labeled 'Value Captured initiative' for the three months ended June 30, 2026: $5.4 million (zero for 2025). source
- Adjustment labeled 'Weather - compared to normal' for the three months ended June 30, 2026: $16.0 million (and $(0.3) million for the three months ended June 30, 2025). source
- Tax effect of above items for the three months ended June 30, 2026: $(10.7) million (zero for 2025). source
- GAAP diluted earnings per share for the three months ended June 30, 2026: $0.09 and for the three months ended June 30, 2025: $0.22. source
- For the six months ended June 30, 2026, NiSource's GAAP net income available to common shareholders: $556.2 million, or $1.15 diluted earnings per share. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +3.2% | Total adjustments to operating income for the three months ended June 30, 2026: $42.8 million (compared to $(0.3) million for 2025). |
| net_income | positive | realized | +2.4% | Total adjustments to net income for the three months ended June 30, 2026: $32.1 million (compared to $(0.3) million for 2025). |
| net_income | positive | realized | +1.7% | For the six months ended June 30, 2026, non-GAAP adjusted net income available to common shareholders: $587.2 million, or $1.22 of… |
| net_income | negative | realized | -1.6% | For the six months ended June 30, 2026, NiSource's GAAP net income available to common shareholders: $556.2 million, or $1.15 diluted… |
| net_income | negative | realized | — | GAAP diluted earnings per share for the three months ended June 30, 2026: $0.09 and for the three months ended June 30, 2025: $0.22. |