NiSource Inc. (NI)

NI Balance Sheet

Assets, liabilities, and equity analysis

NI Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	2.409B	2.409B	2.377B	1.848B	1.999B	2.185B	2.080B	1.616B	1.944B
Cash & Cash Equivalents	71.900M	71.900M	135.700M	119.500M	335.400M	259.400M	156.600M	126.200M	101.200M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	71.900M	71.900M	135.700M	119.500M	335.400M	259.400M	156.600M	126.200M	101.200M
Accounts Receivable	1.316B	1.316B	1.264B	743.900M	811.600M	1.176B	1.010B	594.500M	637.000M
Inventory	303.500M	303.500M	449.500M	475.300M	368.000M	261.300M	389.100M	391.300M	373.200M
Total Assets	36.601B	36.601B	36.552B	34.403B	34.029B	33.105B	31.788B	30.828B	29.898B
Property, Plant & Equipment	29.427B	29.427B	28.714B	28.000B	27.451B	26.490B	25.454B	24.881B	23.613B
Goodwill	1.486B	1.486B	1.486B	1.486B	1.486B	1.486B	1.486B	1.486B	1.486B
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	281.200M	281.200M	281.900M	295.700M	259.700M	172.600M	178.700M	233.400M	235.800M
Total Current Liabilities	3.727B	3.727B	3.457B	3.533B	3.412B	4.242B	4.113B	3.486B	2.508B
Accounts Payable	999.300M	999.300M	1.250B	712.000M	683.900M	726.300M	863.100M	614.600M	584.000M
Short-Term Debt	1.308B	1.308B	765.400M	1.291B	1.282B	2.052B	1.886B	1.528B	667.400M
Total Liabilities	24.674B	24.674B	24.892B	23.161B	23.032B	22.159B	21.120B	20.499B	20.078B
Long-Term Debt	15.459B	15.459B	15.221B	14.472B	14.474B	12.833B	12.075B	12.086B	12.810B
Total Debt	16.767B	16.767B	16.240B	15.763B	15.756B	14.885B	13.960B	13.614B	13.477B
Net Debt (Cash)	16.695B	16.695B	16.105B	15.644B	15.421B	14.626B	13.804B	13.488B	13.376B
Total Shareholders' Equity	9.658B	9.658B	9.450B	9.118B	8.883B	8.897B	8.684B	8.345B	7.869B
Common Stock	4.800M	4.800M	4.800M	4.800M	4.700M	4.700M	4.700M	4.700M	4.500M
Retained Earnings	-96.600M	-96.600M	-315.200M	-572.000M	-532.100M	-501.400M	-711.700M	-934.900M	-896.200M
Current Ratio	0.65	0.65	0.69	0.52	0.59	0.52	0.51	0.46	0.78
Debt to Equity Ratio	1.74	1.74	1.72	1.73	1.77	1.67	1.61	1.63	1.71

NI Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	2.377B	2.080B	4.499B	2.584B	1.921B	1.659B	1.854B	2.055B
Cash & Cash Equivalents	135.700M	156.600M	2.245B	40.800M	84.200M	116.500M	139.300M	112.800M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	135.700M	156.600M	2.245B	40.800M	84.200M	116.500M	139.300M	112.800M
Accounts Receivable	1.264B	1.010B	928.000M	1.170B	925.200M	825.400M	905.400M	1.147B
Inventory	449.500M	389.100M	503.200M	751.900M	498.700M	401.100M	424.700M	422.500M
Total Assets	36.552B	31.788B	31.077B	26.737B	24.157B	22.041B	22.660B	21.804B
Property, Plant & Equipment	28.714B	25.454B	22.275B	19.843B	17.882B	16.619B	16.912B	15.543B
Goodwill	1.486B	1.486B	1.486B	1.486B	1.486B	1.486B	1.486B	1.691B
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	220.700M
Long-Term Investments	281.900M	178.700M	247.100M	224.200M	259.700M	252.000M	230.200M	206.100M
Total Current Liabilities	3.457B	4.113B	5.265B	4.660B	2.746B	2.279B	3.746B	4.037B
Accounts Payable	1.250B	863.100M	749.400M	899.500M	697.800M	589.000M	666.000M	883.800M
Short-Term Debt	765.400M	1.886B	3.072B	1.792B	590.000M	526.300M	1.787B	2.027B
Total Liabilities	24.892B	21.120B	20.941B	18.835B	16.884B	16.203B	16.673B	16.053B
Long-Term Debt	15.221B	11.851B	11.056B	9.524B	9.183B	9.220B	7.668B	7.105B
Total Debt	16.240B	13.960B	14.128B	11.527B	9.994B	9.948B	9.694B	9.133B
Net Debt (Cash)	16.105B	13.804B	11.883B	11.486B	9.909B	9.831B	9.555B	9.020B
Total Shareholders' Equity	9.450B	8.684B	8.270B	7.575B	6.947B	5.752B	5.987B	5.751B
Common Stock	4.800M	4.700M	4.500M	4.200M	4.100M	3.900M	3.800M	3.800M
Retained Earnings	-315.200M	-711.700M	-967.000M	-1.214B	-1.581B	-1.765B	-1.371B	-1.399B
Current Ratio	0.69	0.51	0.85	0.55	0.70	0.73	0.49	0.51
Debt to Equity Ratio	1.72	1.61	1.71	1.52	1.44	1.73	1.62	1.59

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About NiSource Inc.

NiSource Inc. operates as an energy holding company, primarily functioning as a regulated natural gas and electric utility within the United States. Its business activities are organized into two main divisions: Gas Distribution Operations and Electric Operations. The company's Gas Distribution segment delivers natural gas to approximately 853,000 customers across northern Indiana, and an additional 2.4 million residential, commercial, and industrial clients throughout Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. This extensive network includes about 54,600 miles of distribution main pipelines and customer service lines, along with 1,000 miles of transmission main pipelines. Through its Electric Operations, NiSource provides electricity to roughly 483,000 customers residing in 20 counties in northern Indiana, while also engaging in wholesale electricity and transmission transactions. The company maintains a diverse portfolio of power generation assets. These include coal-fired plants with capacities of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; a 563 MW combined cycle gas turbine facility in West Terre Haute; natural gas generating units providing 155 MW in Wheatfield; hydroelectric plants contributing 9 MW in Carroll County and 7 MW in White County; and wind energy facilities in White County, Indiana, producing 102 MW and 302 MW, respectively. Originally founded in 1847, the company was known as NIPSCO Industries, Inc. before officially changing its name to NiSource Inc. in April 1999. Its corporate headquarters are located in Merrillville, Indiana.

Merrillville, IN

7,687 employees

www.nisource.com

Utilities / Regulated Gas

Sector: Utilities
Industry: Regulated Gas
CEO: Lloyd Yates

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