NiSource Inc

NiSource Inc

NI
NiSource IncUS flagNew York Stock Exchange
41.42
USD
+0.01
- -
19.86BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
14.81
16.73
14.64
13.96
14.8
14.35
13.91
12.18
12.45
14.37
13.23
12.01
14.05
14.43
Basic EPS, GAAP
1.7
1.68
0.9
1.03
0.39
-0.18
0.88
-0.19
1.35
1.84
1.61
1.66
1.97
1.9
Free Cash Flow per Basic Share
4.6
4.19
4.59
2.5
2.25
1.52
4.23
2.87
3.09
3.46
4.65
3.86
4.2
4.83
Dividend per Share
0.98
1.02
0.83
0.64
0.7
0.8
0.95
0.98
1.02
1.07
1.1
1.08
1.12
1.17
Book Value per Share
18.77
19.54
12.04
12.6
12.82
13.08
13.36
12.44
13.33
14.63
17.4
18.64
19.75
19.97
Tangible Book Value per Share
6.2
13.35
5.95
6.62
7.11
7.95
9.48
8.64
9.66
11.02
14.08
15.45
16.65
16.87
Basic Weighted Avg Shares
312
315
318
322
329
356
375
384
394
407
416
454
473
477
Sales/Revenue/Turnover
4,625
5,272
4,652
4,492
4,875
5,114
5,209
4,682
4,900
5,851
5,505
5,455
6,642
6,882
Operating Margin (%)
15.12
15.02
17.23
19.26
19.01
2.46
25.06
20.54
20.71
19.85
23.58
26.83
27.58
27.1
Depreciation Expense
470
487
524
547
570
600
717
726
748
821
908
1,043
1,168
1,273
Net Income, GAAP
532
530
286
332
128
-51
383
-18
585
804
714
760
930
905
Effective Tax Rate (%)
32.95
39.43
41.57
35.46
70.99
- -
24.38
- -
16.67
17.21
17.14
15.77
16.75
14.82
Profit Margin (%)
11.5
10.05
6.16
7.38
2.64
-0.99
7.35
-0.38
11.94
13.74
12.97
13.94
13.99
13.15
Working Capital
-1,019
-1,770
-1,080
-1,690
-1,415
-1,981
-1,892
-620
-825
-2,076
-766
-2,033
-1,080
-2,215
LT Debt
7,593
8,152
5,948
6,058
7,512
7,105
7,908
9,421
9,369
9,524
11,056
12,074
15,458
15,613
Total Equity
5,887
6,175
3,844
4,071
4,320
5,751
5,987
5,838
7,273
7,902
10,136
10,668
11,660
11,894
Return on Invested Capital (%)
3.25
3.07
3.43
4.83
2.09
- -
6.37
- -
5.05
5.2
4.91
5.01
5.77
5.63
Return on Capital (%)
5.49
4.91
3.67
4.97
1.87
- -
4.38
- -
5.25
6.16
5.38
4.57
5.32
5.34
Return on Common Equity (%)
9.3
8.79
5.72
8.38
3.06
-1.43
6.57
-1.46
10.31
13.11
9.72
9.15
10.25
9.81

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
756
1,308
1,790
LT Borrowings
15,458
15,459
15,613
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
478
479
479
Market Capitalization
19,979
22,367
22,800

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,377
2,409
2,199
Cash, Cash Equivalents & STI
110
72
70
Accounts Receivable, Net
1,198
1,235
846
Inventories
450
304
408
Total Current Liabilities
3,457
3,727
4,414
Payables & Accruals
1,856
1,863
2,033
ST Debt
756
1,308
1,790
Deferred Revenue
283
148
164

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.28%
15.21%
9.29%
Free Cash Flow
15.05%
13.47%
13.47%
Net Income, GAAP
-451.49%
-673.66%
22.24%
Sales/Revenue/Turnover
4.08%
7.8%
21.76%
Total Cash Common Dividend
7.85%
10.57%
9.93%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,706
1,085
1,076
1,588
5,455
2025
2,183
1,283
1,273
1,903
6,642
2026
2,363
1,342
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.8
0.19
0.19
- -
1.66
2025
1.01
0.22
0.2
- -
1.97
2026
1.06
0.09
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.27
0.26
- -
1.08
2025
0.28
0.28
0.28
- -
1.12
2026
0.31
0.3
- -
- -
- -

Company Description

CEO
Lloyd Yates
Full Time Employees
7,703
Sector
Utilities
Industry
Regulated Gas
Address
801 East 86th Avenue Merrillville IN United States of America 46410
IPO Date
Feb 21, 1973
Business
NiSource Inc. (NYSE: NI) operates as a fully regulated energy holding company, providing natural gas distribution and electric utility services to approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its principal subsidiaries Columbia Gas and Northern Indiana Public Service Company (NIPSCO). The company delivers natural gas to residential, commercial, and industrial customers via nearly 60,000 miles of pipeline infrastructure in Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland; NIPSCO generates, transmits, and distributes electricity in northern Indiana using a diverse portfolio including natural gas, hydroelectric, wind, solar, and coal-fired facilities with a total operating capacity exceeding 3,000 megawatts, alongside wholesale electric transactions. NiSource, founded in 1912 as Northern Indiana Public Service Company and headquartered in Merrillville, Indiana, employs about 7,700 people and focuses on reliability, affordability, and sustainability in its regulated utility segments. In recent developments, NiSource completed the sale of a 19.9% indirect minority equity interest in NIPSCO to Blackstone Infrastructure Partners in early 2024 for approximately $2.15 billion, bolstering its balance sheet to fund renewable energy transitions, including NIPSCO's shift to 0% coal-fired generation by 2028. The company announced a $1.5 billion at-the-market equity issuance program in October 2025, extending through 2028 and superseding a prior $900 million program, to support capital expenditures, working capital, and debt repayment amid expanding infrastructure needs. In Q3 2025, NiSource reported earnings growth and unveiled a $28 billion strategic capital plan through 2033, driven by nearly $7 billion in data center investments, regulatory approval for NIPSCO Generation LLC (GenCo) to develop dedicated power assets, and new partnerships with Quanta Services and Zachry for generation and grid enhancements to meet surging demand while protecting customer affordability.

Company News

  • NiSource releases 2025 Sustainability Report, highlighting progress to shape a more sustainable energy future

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  • Why Is NiSource (NI) Down 4% Since Last Earnings Report?

  • Archer Investment Corp Makes New Investment in NiSource, Inc $NI

  • Top 3 Utilities Stocks That May Rocket Higher This Quarter

  • Critical Contrast: A2A (OTCMKTS:AEMMY) versus NiSource (NYSE:NI)

  • Bank of Nova Scotia Makes New $24.52 Million Investment in NiSource, Inc $NI

  • E.On (OTCMKTS:ENAKF) vs. NiSource (NYSE:NI) Financial Comparison

  • NiSource Declares Common Stock Dividend

  • Empowered Funds LLC Sells 17,447 Shares of NiSource, Inc $NI

  • NiSource Q2 Earnings Call Highlights

  • NiSource Inc (NI) Stock Down 3.6% -- Now Undervalued? GF Score: 76/100

  • NiSource Inc. (NI) Q2 2026 Earnings Call Transcript

  • NiSource Q2 Earnings Top Estimates on NIPSCO Gains, Data Center Demand

  • NiSource (NI) Beats Q2 Earnings and Revenue Estimates

  • NiSource Announces Second Quarter Results

  • NiSource to Release Q2 Earnings: Here's What You Need to Know

  • Analysts Estimate NiSource (NI) to Report a Decline in Earnings: What to Look Out for

  • Dimensional Fund Advisors LP Increases Stock Position in NiSource, Inc $NI

  • NiSource, Inc $NI Shares Purchased by Bank of Nova Scotia