NISOURCE INC.: insider trades · United States · SEC (Form 4)

About NISOURCE INC.

A key recent development is NiSource’s 2026 acceleration of its energy-infrastructure strategy in Indiana, leveraging large new load opportunities tied to data centers. Management has framed these initiatives as supportive of both local economic growth and network modernization. The company also reported full-year 2025 results showing growth in adjusted earnings and reaffirmed a multi-year adjusted EPS growth trajectory, which reinforces the market’s perception of NiSource as a utility with visible earnings compounding rather than a pure defensive bond proxy. The February 2026 full-year update and the April 2026 strategic infrastructure announcements together suggest that NiSource is balancing a regulated-utility base with incremental growth from large-load development. For equity investors, the stock’s thesis remains tied to execution, regulatory outcomes, disciplined capital allocation and the ability to fund infrastructure opportunities at acceptable returns. As a NYSE-listed company in the United States, NiSource should be read primarily as a long-duration utility story with a growing optionality theme around grid investment and industrial electrification.