NiSource Inc.

NiSource Inc.

NIยทNYSE

$45.85

+0.70%
UtilitiesRegulated Gas

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,600 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 483,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

At a Glance

Live Snapshot
Market Cap$21.98B
EPS1.9600
P/E Ratio23.39
Earnings Date08/05/2026
3Y+14.0%
5Y+42.0%
10Y+48.0%
3Y+16.0%
5Y-5381.0%
10Y+180.0%
3Y+68.0%
5Y+114.0%
10Y+194.0%
NiSource Inc.

NiSource Inc. Profit Bridge

NI ยท NYSE
Revenue6.64B
Cost of Goods Sold (2.75B)
Gross Profit3.89B
Operating Expenses (2.05B)
Operating Income1.84B
Interest Expense (639.00M)
Other Income/Expense-618.90M
Pretax Income1.22B
Income Tax (203.80M)
Net Income929.50M
Net Income
929.50M

Profitability Analysis

Gross Margin

58.6%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

27.6%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

14.0%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

16.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

NiSource Inc. Income Statement

NI โ€ข NYSE

NiSource Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
6.6B
5.5B
5.5B
5.9B
4.9B
4.7B
5.2B
5.1B
4.9B
4.5B
4.7B
6.5B
5.7B
5.1B
6B
6.4B
6.6B
8.9B
7.9B
7.5B
GROSS PROFIT
(2.8B)
(2.6B)
(3B)
(3.6B)
(2.8B)
(2.7B)
(2.9B)
(4.1B)
(3.1B)
(2.8B)
(3.1B)
(3.7B)
(3.2B)
(3.2B)
(4B)
(4.6B)
(3.3B)
(5.6B)
(0.0)
(0.0)
3.9B
2.8B
2.5B
2.3B
2.1B
2B
2.3B
1B
1.8B
1.7B
1.6B
1.5B
1.4B
1.9B
1.7B
1.8B
3.3B
3.2B
0.0
7.5B
OPERATING INCOME
(2.1B)
(1.4B)
(1.2B)
(984.9M)
(1B)
(1.4B)
(1B)
(856.4M)
(838.1M)
(799.3M)
(780.5M)
(740.1M)
(708.8M)
(849.6M)
(828.8M)
(882M)
(2.5B)
(2.3B)
(7B)
(6.5B)
(1.7B)
(13.5M)
(24M)
-27.6M
-35.5M
-9.3M
(16.5M)
-18M
(10.6M)
(7.9M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(31.3M)
(30.6M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
1.8B
1.5B
1.3B
1.3B
1B
550.8M
890.7M
124.7M
921.2M
866.1M
799.9M
789.1M
698.1M
1B
914.4M
891.8M
801M
919M
866.7M
927.4M
PRE-TAX INCOME
(639M)
(517.2M)
(489.6M)
(360.5M)
(341.1M)
(371M)
(378.9M)
(353.3M)
(353.2M)
(349.5M)
(380.2M)
(443.6M)
(413.2M)
(0.0)
(376.8M)
(392.3M)
(399M)
(380.1M)
(0.0)
(0.0)
-628.8M
-506.8M
-480.6M
-357.3M
-337.1M
-365.2M
-371.2M
-346.7M
-348.6M
-346.1M
-379.4M
-439.8M
-409.6M
417M
-372.4M
-392.3M
-392.5M
-364.6M
0.0
8.8M
(344.1M)
(1.3B)
(1.2B)
(1B)
(1.1B)
(1.4B)
(1B)
(874.4M)
(827.5M)
(791.4M)
(780.5M)
(740.1M)
(708.8M)
(849.6M)
(828.8M)
(882M)
(2.5B)
(2.3B)
(7B)
(6.5B)
-618.9M
-452.7M
-481.6M
-309.4M
-300.3M
-582.1M
-384.1M
-355.3M
-478.2M
-352.5M
-460M
52M
-390.6M
-416.6M
-438M
-455.7M
-405.2M
-362.4M
-397.8M
-373.6M
1.2B
1B
813.9M
956.4M
706.6M
-31.3M
506.6M
-230.6M
443.1M
510.2M
339.9M
841.1M
752.8M
626.1M
467.1M
436.1M
397M
555.2M
484.1M
484.3M
NET INCOME
(203.8M)
(158.1M)
(139.5M)
(164.6M)
(117.8M)
-17.1M
(123.5M)
-180M
(314.5M)
(182.1M)
(141.3M)
(310.4M)
(261.9M)
(215.5M)
(163.3M)
(141.5M)
(165.8M)
(185.4M)
(172.1M)
(170.8M)
929.5M
760.4M
714.3M
804.1M
584.9M
-17.6M
383.1M
-50.6M
128.5M
331.5M
286.5M
530M
532.1M
416.1M
299.1M
292M
217.7M
79M
321.4M
282.2M

SEC Filings

NI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 18, 2026
May 18, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 11, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 30, 2026
May 11, 2026
2026
8-K

8-K 2026

N/A

February 11, 2026
February 11, 2026
2026
10-K

10-K 2025 FY

FY

February 11, 2026
December 31, 2025
2025
8-K

8-K 2025

N/A

December 11, 2025
December 11, 2025
2025
8-K

8-K 2025

N/A

November 07, 2025
November 07, 2025
2025
8-K

8-K 2025

N/A

October 31, 2025
October 31, 2025
2025
Showing 1 to 10 of 503 filings