NiSource stock: Microsoft deal expands savings to USD 1.75 billion for NiSource stock

Published on 10/23/2026 at 04:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Microsoft deal lifts customer savings to USD 1.75 billion on October 16, 2026. NiSource stock adds 1,100 MW under a 20-year agreement from 2028.

Utility growth and earnings dates

NiSource expanded expected customer savings to USD 1.75 billion on October 16, 2026.
Second-quarter revenue reached USD 1.34 billion and diluted earnings per share were USD 0.09.
NiSource had a USD 20.9 billion market capitalization as of October 22, 2026.

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NiSource Inc. (ISIN US65473P1057) expanded expected customer savings to USD 1.75 billion through a long-term Microsoft energy agreement announced on October 16, 2026. The NiSource release said the arrangement includes 1,100 megawatts of new generation resources and a 20-year term beginning in 2028.

Microsoft agreement reaches USD 1.75 billion

The agreement increases expected customer savings from USD 1.4 billion to USD 1.75 billion over the life of data center contracts. NiSource said the larger figure could equal as much as USD 140 per customer annually, while Microsoft is expected to fund the generation and transmission required for its load.

The deal also includes 600 megawatts of battery storage under a long-term tolling agreement. NiSource said further operational and financial details will be discussed with its third-quarter results.

What does 1,100 megawatts mean for customers?

The structure is designed to connect large-load customers without shifting incremental generation and infrastructure costs to existing NIPSCO electric customers. For investors, the key test is whether the planned assets translate into the stated customer savings while supporting the utility's regulated growth.

Three milestones shape the story

On September 29, 2026, Scotiabank initiated coverage with a USD 43.00 price target, according to MarketBeat. On October 15, 2026, Jefferies lowered its target from USD 55.00 to USD 49.00, as MarketScreener listed. On October 16, 2026, NiSource announced the Microsoft agreement with USD 1.75 billion in expected savings.

Next reporting date is October 28

NiSource is scheduled to release third-quarter 2026 results before the US market opens on October 28, 2026, and to host a conference call at 11:00 a.m. ET, according to MarketScreener. In the second quarter of 2026, revenue was USD 1.34 billion and diluted earnings per share were USD 0.09, based on the reported financial period. Fiscal 2026 adjusted earnings-per-share guidance stood at USD 2.02 to USD 2.07, according to MarketBeat.

Customer savings remain the investment question

NiSource serves 3.3 million natural gas customers and 500,000 electric customers across six states. Its market capitalization was USD 20.9 billion as of October 22, 2026, while second-quarter 2026 total assets were USD 37.5 billion. The combination of regulated utility earnings and data center investment gives the October 28 report a concrete measure: progress toward the USD 1.75 billion savings estimate and the timing of the 1,100 megawatts of new resources.

The further course of trading is shown by the continuously updated real-time quote of NiSource stock.