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+68.0%
5Y+114.0%
10Y+194.0%
3Y+67.0%
5Y+388.0%
10Y+171.0%
3Y+64.0%
5Y-854.0%
10Y+136.0%
NI

NiSource Inc. Cash Conversion Engine

NI ยท NYSE
Net Income926.90M
Depreciation & Amortization1.17B
Stock-Based Compensation0.00
Change in Working Capital-56.40M
Others88.40M
Capital Expenditures-2.78B
Free Cash Flow-420.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-45.3%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

117.8%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+51.2%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$56.40M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

NiSource Inc. Cash Flow Statement

NI โ€ข NYSE

NiSource Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
926.9M
760.4M
674.4M
791.8M
588.8M
-14.2M
383.1M
-50.6M
128.6M
328.1M
198.6M
530.7M
490.9M
410.6M
299.1M
292M
217.7M
79M
321.4M
282.2M
1.2B
1B
908.2M
820.8M
748.4M
725.9M
717.4M
599.6M
570.3M
547.1M
524.4M
605.5M
577.3M
561.9M
538.2M
596.3M
589M
0.0
0.0
0.0
235.8M
168M
134.1M
156.9M
111.9M
-29M
118.2M
-188.2M
306.7M
182.3M
135.3M
299.1M
287.4M
304.6M
178.4M
200.1M
378.2M
137.8M
12.7M
-113.4M
0.0
32.1M
23.9M
24.9M
24.3M
17.4M
25.9M
28.6M
40.1M
46.5M
50.7M
72.3M
50.7M
45M
39.2M
30.9M
9.6M
0.0
0.0
0.0
88.4M
-26.6M
-5.4M
-99.6M
4.9M
653M
413.8M
40.5M
112.9M
-8.6M
400.9M
-48.5M
-24.8M
-16.3M
77.5M
20.5M
-229.6M
850.5M
558.4M
566.2M
(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)
(60.6M)
(185.2M)
(288.2M)
-56.4M
-195.6M
199.9M
-285.4M
-260.4M
-249.1M
-75.1M
110.2M
-416.4M
-292.1M
146.9M
-139.5M
55.3M
-30.3M
-262.2M
-419.8M
685.8M
-483.1M
-135.3M
421.2M
2.4B
1.8B
1.9B
1.4B
1.2B
1.1B
1.6B
540.1M
742.2M
803.3M
1.5B
1.3B
1.4B
1.3B
870.2M
720M
1.7B
584.2M
757.2M
1.2B
INVESTING ACTIVITIES
-2.8B
-2.6B
-2.6B
-2.2B
-1.8B
-1.8B
-1.8B
-1.8B
-1.7B
-1.5B
-1.4B
-2B
-1.9B
-1.5B
-1.1B
-803.8M
-777.2M
-1.3B
-788.3M
-637.4M
(231.4M)
(0.0)
(0.0)
(21.2M)
(1.8B)
(1.8B)
(1.8B)
(1.8B)
(1.7B)
(0.0)
(3.8B)
-69.2M
-125.4M
-20.4M
(0.0)
(803.8M)
(0.0)
(0.0)
(0.0)
(0.0)
-93.9M
-17.8M
-42.8M
-73.5M
-102.9M
-144.7M
-140.4M
-90M
-168.4M
(0.0)
(0.0)
(0.0)
-125.4M
(0.0)
-6.4M
-87.9M
-23.5M
(0.0)
(0.0)
(0.0)
39.3M
93.2M
39.9M
75.7M
97.8M
131.4M
132.1M
82.3M
163.1M
0.0
0.0
0.0
1.9B
0.0
0.0
23.8M
0.0
0.0
0.0
0.0
-1.7B
-645.4M
-922.9M
-390.5M
-2.2B
-865.8M
-1.9B
-1.9B
-1.8B
-107.7M
-492.6M
-18.9M
-1.6B
94M
-17.7M
-879.2M
145.9M
185.3M
106.9M
-95.1M
-4.3B
-3.2B
-3.6B
-2.6B
-2.2B
-879.1M
-1.9B
-1.9B
-1.8B
-1.6B
(1.9B)
-2.1B
-1.9B
-1.4B
-1.1B
-943.3M
-654.8M
-1.1B
-681.4M
-732.5M
FINANCING ACTIVITIES
312.1M
612.6M
12.9M
154.3M
1.1B
211.4M
244.4M
844.2M
329.5M
13.7M
-20.4M
20.1M
35.6M
373.5M
21.3M
12.9M
8M
1.3M
6.1M
-65.8M
2.2B
-240.1M
2.7B
1.5B
31.3M
81.9M
494.4M
75.4M
1.1B
986M
-3B
1.1B
718.6M
77.6M
580M
546.4M
-770.3M
767.2M
213.7M
-142.3M
-530.4M
-489.2M
-457.3M
-436.6M
-400.3M
-376.7M
-354.6M
-284.9M
-229.1M
-205.5M
-263.4M
-321.3M
-305.9M
-273.2M
-257.8M
-255.6M
-253.3M
-252.4M
-252.1M
-251.9M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-4M
-7.2M
-9.4M
-20.4M
-10.2M
-8.1M
-10M
-3.1M
-1.5M
-2.6M
(0.0)
-2.1M
-87.7M
-88.8M
-34.2M
1.9B
-63.9M
185.8M
-164.3M
-17.8M
-46M
-144.3M
-3.7M
-99.2M
-8.7M
-3.2M
-3.4M
-62.1M
-93M
0.0
0.0
-40.6M
-81.6M
1.9B
-651M
3.8B
1.1B
956.3M
-247.7M
366.4M
1.5B
1.1B
790.5M
-3.4B
795.6M
445.1M
174.5M
281.4M
216.1M
-1B
516.1M
-72.9M
-460M
CASH FLOW SUMMARY
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
500K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-62.9M
-2.1B
2.2B
-19.5M
-30.7M
-22.8M
27.3M
82.7M
2.4M
10.9M
-9.4M
-1.4M
-9.5M
24.8M
2.3M
-7.2M
-4.2M
-14M
2.9M
-36.3M
198.6M
2.3B
75.4M
94.9M
125.6M
148.4M
121.1M
38.4M
36M
15.5M
24.9M
26.8M
36.3M
11.5M
9.2M
16.4M
20.6M
34.6M
33.1M
69.4M
135.7M
198.6M
2.3B
75.4M
94.9M
125.6M
148.4M
121.1M
38.4M
26.4M
15.5M
25.4M
26.8M
36.3M
11.5M
9.2M
16.4M
20.6M
36M
33.1M
-420M
-861.5M
-710.7M
-793.7M
-620.1M
-654.1M
-219.1M
-1.3B
-953.6M
-671.9M
96.1M
-708.9M
-443.1M
-223.3M
-255M
-83.8M
873.5M
-715.4M
-31.1M
518.8M

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