NiSource
NI · NYSE · Utilities
$40.58
$0.33 (-0.81%) today
Market Cap
$19.46B
24h Volume
$401.7M
P/E Ratio
21.6
52w High
$48.75
52w Low
$39.27
Est. AI Revenue
8%
7-Day Sparkline (Static)
Company facts
Performance
About NiSource
NiSource is a regulated utility holding company serving electric and natural gas customers across six states. Its electric business, NIPSCO, serves northern Indiana, while its Columbia Gas utilities distribute natural gas in Ohio, Pennsylvania, Virginia, Kentucky and Maryland. It earns returns set by regulators on infrastructure investment.
The AI story runs through northern Indiana. The region has attracted major hyperscaler commitments, including announced AWS and Google data center campuses in NIPSCO's territory, and NiSource has built a dedicated data center investment program into its growth plan. Serving that load means new generation, transmission and grid spending, which regulators allow the company to earn on.
Founded in 1912 and headquartered in Merrillville, Indiana, NiSource employs about 7,700 people and trades on the NYSE.
NiSource in the AI buildout
NiSource operates in the Utilities & Grid layer of the AI buildout. Hyperscalers are pushing data center construction into the Midwest, and NIPSCO's northern Indiana territory has landed announced AWS and Google campuses. Those named projects make NiSource's data center exposure more concrete than most regulated utilities, and the company treats large-load investment as a stated pillar of its growth plan. The role remains that of a power supplier: NiSource earns regulated returns on the infrastructure the buildout requires, not AI revenue.
NI is tracked in Utilities & Grid, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
NI trades at $40.58, 14% of the way up its 52-week range of $39.27 to $48.75.
Market cap
Market capitalization is $19.46B, with an AI Exposure Score of 29 out of 100.
Valuation vs peers
Its P/E ratio of 21.6 is in line with the Utilities & Grid category median of 21.7.
Next earnings
NiSource is next expected to report earnings on October 28, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does NiSource do?
NiSource is a regulated utility holding company based in Merrillville, Indiana. Its NIPSCO utility provides electricity and gas in northern Indiana, and its Columbia Gas companies distribute natural gas across Ohio, Pennsylvania, Virginia, Kentucky and Maryland.
How is NiSource exposed to AI?
Its NIPSCO territory has attracted announced hyperscaler data center campuses, including AWS and Google projects, and data center investment is a stated pillar of its growth plan. Supercycle rates it Peripheral with an AI Exposure Score of 29 out of 100.
Which companies are building data centers in NiSource's territory?
AWS and Google have announced data center campuses in northern Indiana, inside NIPSCO's service area. Serving those projects requires new generation and grid investment that NiSource earns regulated returns on.
Who leads NiSource?
Lloyd M. Yates serves as CEO. The company is headquartered in Merrillville, Indiana, employs about 7,700 people, and was founded in 1912. Its shares trade on the New York Stock Exchange under the ticker NI.
Is NI a pure play AI stock?
No. NiSource is a regulated gas and electric utility, and most of its business has nothing to do with AI. Named hyperscaler projects strengthen its growth story, but Supercycle classifies it as Peripheral.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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