Utility firm NiSource reports stronger-than-expected earnings for Q1 2026, driven by rising data center power needs.
NiSource posted Q1 2026 earnings per share above analyst forecasts, fueled by increased electricity demand from data centers. The company cited robust growth in its service territories as tech firms expand infrastructure.
Consensus estimates had projected lower EPS for the quarter, while year-ago results reflected weaker industrial activity. The beat highlights accelerating energy consumption trends in the sector.
Shares edged higher in pre-market trading following the release, reflecting investor optimism about the utility’s growth outlook.