Subtext

NiSource Inc. NI

SectorUtilities
Transcripts70
Date range2007-11-02 – 2025-05-07
Calls charted70

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-22-11+0+11+222007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q32007 Q3 · Overall: +3.02007 Q4 · Overall: +3.92008 Q1 · Overall: +0.12008 Q2 · Overall: -2.02008 Q3 · Overall: +0.42008 Q4 · Overall: +1.92009 Q1 · Overall: +5.72009 Q2 · Overall: +1.62009 Q3 · Overall: +6.92009 Q4 · Overall: +6.82010 Q1 · Overall: +8.02010 Q2 · Overall: +1.72010 Q3 · Overall: +10.32010 Q4 · Overall: +5.82011 Q1 · Overall: +10.32011 Q2 · Overall: +7.02011 Q3 · Overall: +4.42011 Q4 · Overall: +6.52012 Q1 · Overall: +4.82012 Q2 · Overall: +6.12012 Q3 · Overall: +10.22012 Q4 · Overall: +9.12013 Q1 · Overall: +8.42013 Q2 · Overall: +11.42013 Q3 · Overall: +6.02013 Q4 · Overall: +5.22014 Q1 · Overall: +4.22014 Q2 · Overall: +6.22014 Q3 · Overall: +6.22014 Q4 · Overall: +6.92015 Q1 · Overall: +3.72015 Q2 · Overall: +10.02015 Q3 · Overall: +10.72015 Q4 · Overall: +10.82016 Q1 · Overall: +11.02016 Q2 · Overall: +15.52016 Q3 · Overall: +9.52016 Q4 · Overall: +8.12017 Q1 · Overall: +4.52017 Q2 · Overall: +7.82017 Q3 · Overall: +5.82017 Q4 · Overall: +5.62018 Q1 · Overall: +5.12018 Q2 · Overall: +8.92018 Q3 · Overall: +3.22018 Q4 · Overall: -0.62019 Q1 · Overall: +2.92019 Q2 · Overall: +4.52019 Q3 · Overall: -0.92019 Q4 · Overall: +2.92020 Q1 · Overall: -1.72020 Q2 · Overall: +1.62020 Q3 · Overall: +0.02020 Q4 · Overall: +5.62021 Q1 · Overall: +4.42021 Q2 · Overall: +5.92021 Q3 · Overall: +6.52021 Q4 · Overall: +4.92022 Q1 · Overall: -6.12022 Q2 · Overall: +6.52022 Q4 · Overall: +11.92023 Q1 · Overall: +19.42023 Q2 · Overall: +11.42023 Q3 · Overall: +11.32023 Q4 · Overall: +19.02024 Q1 · Overall: +8.32024 Q2 · Overall: +15.92024 Q3 · Overall: +13.12024 Q4 · Overall: +17.42025 Q1 · Overall: +15.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-37-18+0+18+372007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q32007 Q3 · CEO: +5.92007 Q4 · CEO: +8.02008 Q1 · CEO: +1.42008 Q3 · CEO: -9.32008 Q4 · CEO: +4.42009 Q1 · CEO: +8.82009 Q2 · CEO: +0.82009 Q3 · CEO: +8.62009 Q4 · CEO: +13.52010 Q1 · CEO: +11.82010 Q2 · CEO: +6.32010 Q3 · CEO: +14.32010 Q4 · CEO: +10.72011 Q1 · CEO: +14.12011 Q2 · CEO: +8.42011 Q3 · CEO: +10.02011 Q4 · CEO: +10.82012 Q1 · CEO: +11.42012 Q2 · CEO: +12.02012 Q3 · CEO: +12.22012 Q4 · CEO: +14.92013 Q1 · CEO: +9.32013 Q2 · CEO: +12.12013 Q3 · CEO: +10.52013 Q4 · CEO: +7.22014 Q1 · CEO: +10.32014 Q2 · CEO: +7.72014 Q3 · CEO: +11.32014 Q4 · CEO: +10.02015 Q1 · CEO: +6.32015 Q2 · CEO: +16.12016 Q3 · CEO: +12.92016 Q4 · CEO: +10.72017 Q1 · CEO: +12.82017 Q2 · CEO: +15.32017 Q3 · CEO: +10.52017 Q4 · CEO: +10.62018 Q1 · CEO: +9.52018 Q2 · CEO: +13.02018 Q3 · CEO: +7.92018 Q4 · CEO: +4.52019 Q1 · CEO: +6.62019 Q2 · CEO: +8.22019 Q3 · CEO: +0.02019 Q4 · CEO: +8.82020 Q1 · CEO: +2.32020 Q2 · CEO: +8.32020 Q3 · CEO: +9.82020 Q4 · CEO: +13.02021 Q1 · CEO: +10.02021 Q2 · CEO: +12.42021 Q3 · CEO: +11.42021 Q4 · CEO: +17.32022 Q1 · CEO: +3.82022 Q2 · CEO: +22.32022 Q4 · CEO: +31.92023 Q1 · CEO: +26.32023 Q2 · CEO: +15.32023 Q3 · CEO: +25.42023 Q4 · CEO: +31.52024 Q1 · CEO: +22.92024 Q2 · CEO: +29.22024 Q4 · CEO: +23.12025 Q1 · CEO: +29.82008 Q2 · CFO: +0.02008 Q4 · CFO: +8.82009 Q1 · CFO: +0.02009 Q2 · CFO: +8.32009 Q3 · CFO: +10.62009 Q4 · CFO: +6.82010 Q1 · CFO: +19.12010 Q2 · CFO: +0.02010 Q3 · CFO: +2.62010 Q4 · CFO: +6.12011 Q3 · CFO: +0.02011 Q4 · CFO: +15.52012 Q1 · CFO: +4.22012 Q4 · CFO: +16.42013 Q2 · CFO: +19.42013 Q3 · CFO: +10.72013 Q4 · CFO: +11.82014 Q1 · CFO: +5.82014 Q2 · CFO: +15.72014 Q3 · CFO: +6.22014 Q4 · CFO: +16.62015 Q1 · CFO: +9.02015 Q2 · CFO: -3.12016 Q3 · CFO: +9.02016 Q4 · CFO: +9.32017 Q1 · CFO: +3.92017 Q2 · CFO: +5.32017 Q3 · CFO: +10.82017 Q4 · CFO: +3.02018 Q1 · CFO: +8.52018 Q2 · CFO: +13.62018 Q3 · CFO: +2.62018 Q4 · CFO: +0.72019 Q1 · CFO: +6.02019 Q2 · CFO: +8.92019 Q3 · CFO: +2.62019 Q4 · CFO: -2.92020 Q1 · CFO: -4.12020 Q2 · CFO: +1.12020 Q3 · CFO: -8.12020 Q4 · CFO: -3.02021 Q1 · CFO: +6.82021 Q2 · CFO: +4.52021 Q4 · CFO: +5.62022 Q1 · CFO: +0.02022 Q2 · CFO: +2.42023 Q1 · CFO: +23.72023 Q2 · CFO: +12.32023 Q3 · CFO: +11.62023 Q4 · CFO: +18.42024 Q1 · CFO: -5.52024 Q2 · CFO: +11.32024 Q3 · CFO: +21.52024 Q4 · CFO: +19.52025 Q1 · CFO: +18.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-30-15+0+15+302007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q32007 Q3 · Prepared remarks: +4.52007 Q4 · Prepared remarks: +12.72008 Q1 · Prepared remarks: +2.22008 Q2 · Prepared remarks: +1.22008 Q3 · Prepared remarks: +4.12008 Q4 · Prepared remarks: +4.92009 Q1 · Prepared remarks: +8.02009 Q2 · Prepared remarks: +5.02009 Q3 · Prepared remarks: +9.62009 Q4 · Prepared remarks: +11.72010 Q1 · Prepared remarks: +12.82010 Q2 · Prepared remarks: +11.52010 Q3 · Prepared remarks: +15.32010 Q4 · Prepared remarks: +24.52011 Q1 · Prepared remarks: +15.52011 Q2 · Prepared remarks: +13.42011 Q3 · Prepared remarks: +13.52011 Q4 · Prepared remarks: +14.82012 Q1 · Prepared remarks: +19.42012 Q2 · Prepared remarks: +15.32012 Q3 · Prepared remarks: +11.52012 Q4 · Prepared remarks: +14.52013 Q1 · Prepared remarks: +9.52013 Q2 · Prepared remarks: +13.12013 Q3 · Prepared remarks: +10.52013 Q4 · Prepared remarks: +8.32014 Q1 · Prepared remarks: +11.92014 Q2 · Prepared remarks: +7.02014 Q3 · Prepared remarks: +12.72014 Q4 · Prepared remarks: +12.62015 Q1 · Prepared remarks: +7.02015 Q2 · Prepared remarks: +10.32015 Q3 · Prepared remarks: +13.42015 Q4 · Prepared remarks: +15.02016 Q1 · Prepared remarks: +13.92016 Q2 · Prepared remarks: +17.62016 Q3 · Prepared remarks: +11.02016 Q4 · Prepared remarks: +8.82017 Q1 · Prepared remarks: +10.02017 Q2 · Prepared remarks: +15.32017 Q3 · Prepared remarks: +13.72017 Q4 · Prepared remarks: +13.52018 Q1 · Prepared remarks: +8.62018 Q2 · Prepared remarks: +12.02018 Q3 · Prepared remarks: +6.02018 Q4 · Prepared remarks: +4.72019 Q1 · Prepared remarks: +9.12019 Q2 · Prepared remarks: +8.42019 Q3 · Prepared remarks: +0.92019 Q4 · Prepared remarks: +3.02020 Q1 · Prepared remarks: -2.02020 Q2 · Prepared remarks: +3.82020 Q3 · Prepared remarks: +4.82020 Q4 · Prepared remarks: +9.52021 Q1 · Prepared remarks: +5.62021 Q2 · Prepared remarks: +9.02021 Q3 · Prepared remarks: +7.12021 Q4 · Prepared remarks: +16.32022 Q1 · Prepared remarks: +3.62022 Q2 · Prepared remarks: +10.12022 Q4 · Prepared remarks: +19.42023 Q1 · Prepared remarks: +22.52023 Q2 · Prepared remarks: +9.92023 Q3 · Prepared remarks: +16.02023 Q4 · Prepared remarks: +23.82024 Q1 · Prepared remarks: +19.62024 Q2 · Prepared remarks: +16.12024 Q3 · Prepared remarks: +18.02024 Q4 · Prepared remarks: +18.42025 Q1 · Prepared remarks: +26.52007 Q3 · Q&A responses: +4.42007 Q4 · Q&A responses: +0.02008 Q1 · Q&A responses: +0.72008 Q2 · Q&A responses: -3.42008 Q3 · Q&A responses: -0.42008 Q4 · Q&A responses: +4.12009 Q1 · Q&A responses: +8.32009 Q2 · Q&A responses: -0.72009 Q3 · Q&A responses: +8.62009 Q4 · Q&A responses: +5.72010 Q1 · Q&A responses: +9.22010 Q2 · Q&A responses: -2.52010 Q3 · Q&A responses: +9.32010 Q4 · Q&A responses: +1.72011 Q1 · Q&A responses: +13.02011 Q2 · Q&A responses: +4.02011 Q3 · Q&A responses: +1.32011 Q4 · Q&A responses: +7.02012 Q1 · Q&A responses: +1.62012 Q2 · Q&A responses: +0.02012 Q3 · Q&A responses: +9.42012 Q4 · Q&A responses: +13.72013 Q1 · Q&A responses: +0.02013 Q2 · Q&A responses: +13.42013 Q3 · Q&A responses: +4.72013 Q4 · Q&A responses: +8.72014 Q1 · Q&A responses: +0.72014 Q2 · Q&A responses: +15.12014 Q3 · Q&A responses: -3.42014 Q4 · Q&A responses: +9.62015 Q1 · Q&A responses: +3.72015 Q2 · Q&A responses: +17.02015 Q3 · Q&A responses: +14.22015 Q4 · Q&A responses: +11.32016 Q1 · Q&A responses: +14.32016 Q2 · Q&A responses: +23.72016 Q3 · Q&A responses: +10.42017 Q1 · Q&A responses: +6.12017 Q2 · Q&A responses: +5.32017 Q3 · Q&A responses: +4.62017 Q4 · Q&A responses: +1.92018 Q1 · Q&A responses: +7.82018 Q2 · Q&A responses: +13.02018 Q3 · Q&A responses: +5.32018 Q4 · Q&A responses: +0.02019 Q1 · Q&A responses: +3.52019 Q2 · Q&A responses: +7.62019 Q3 · Q&A responses: +0.92020 Q1 · Q&A responses: +4.82020 Q2 · Q&A responses: +4.42020 Q3 · Q&A responses: +0.02020 Q4 · Q&A responses: +5.82021 Q1 · Q&A responses: +11.62021 Q2 · Q&A responses: +7.42021 Q3 · Q&A responses: +8.12021 Q4 · Q&A responses: +2.62022 Q1 · Q&A responses: -7.32022 Q2 · Q&A responses: +8.72022 Q4 · Q&A responses: +19.42023 Q1 · Q&A responses: +23.92023 Q2 · Q&A responses: +14.72023 Q3 · Q&A responses: +12.02023 Q4 · Q&A responses: +15.62024 Q1 · Q&A responses: +9.62024 Q2 · Q&A responses: +21.22024 Q3 · Q&A responses: +14.42024 Q4 · Q&A responses: +24.22025 Q1 · Q&A responses: +14.1
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.00$1.46$1.932007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q32014 Q1: $1.702014 Q2: $1.752014 Q3: $1.802014 Q4: $1.832015 Q1: $1.862015 Q2: $1.862015 Q3: $1.122015 Q4: $1.062016 Q1: $1.082016 Q2: $1.102016 Q3: $1.142016 Q4: $1.162017 Q1: $1.182017 Q2: $1.222017 Q3: $1.242017 Q4: $1.282018 Q1: $1.302018 Q2: $1.322018 Q3: $1.352018 Q4: $1.342019 Q1: $1.332019 Q2: $1.342019 Q3: $1.362019 Q4: $1.382020 Q1: $1.372020 Q2: $1.342020 Q3: $1.332020 Q4: $1.352021 Q1: $1.362021 Q2: $1.382021 Q3: $1.402021 Q4: $1.442022 Q1: $1.482022 Q2: $1.502022 Q4: $1.542023 Q1: $1.592023 Q2: $1.622023 Q3: $1.662023 Q4: $1.712024 Q1: $1.752024 Q2: $1.782024 Q3: $1.82

Forward P/E

14.3320.5726.812007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q32014 Q1: 20.712014 Q2: 21.822014 Q3: 21.812014 Q4: 22.022015 Q1: 23.532015 Q2: 25.952015 Q3: 15.312015 Q4: 18.222016 Q1: 21.342016 Q2: 22.792016 Q3: 20.542016 Q4: 18.672017 Q1: 20.142017 Q2: 21.332017 Q3: 21.472017 Q4: 20.652018 Q1: 17.902018 Q2: 17.962018 Q3: 18.952018 Q4: 19.682019 Q1: 21.002019 Q2: 21.892019 Q3: 21.632019 Q4: 19.962020 Q1: 17.262020 Q2: 17.512020 Q3: 16.772020 Q4: 16.892021 Q1: 17.272021 Q2: 18.702021 Q3: 17.342021 Q4: 18.472022 Q1: 20.402022 Q2: 18.482022 Q4: 18.062023 Q1: 17.522023 Q2: 16.772023 Q3: 16.562023 Q4: 15.812024 Q1: 15.192024 Q2: 15.732024 Q3: 18.72

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↓ -3.2 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -6.0 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↓ -3.6 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.1 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -5.7 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↓ -5.4 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +3.3 fwd EPS ↓ -0.02 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -11.1 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -8.0 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -10.7 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -2.8 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-07+15.6——View →
2024 Q42025-02-12+17.4——View →
2024 Q32024-10-30+13.1$1.8218.7View →
2024 Q22024-08-07+15.9$1.7815.7View →
2024 Q12024-05-08+8.3$1.7515.2View →
2023 Q42024-02-21+19.0$1.7115.8View →
2023 Q32023-11-01+11.3$1.6616.6View →
2023 Q22023-08-02+11.4$1.6216.8View →