NiSource Inc (NI)NINiSource Inc

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	6.82B	2.36B	1.90B	1.27B	1.28B	2.18B	1.59B	1.08B	1.08B
Cost of Goods Sold	3.01B	957.50M	796.90M	594.70M	658.00M	1.08B	798.30M	523.30M	522.40M
Gross Profit	3.81B	1.41B	1.11B	678.40M	625.00M	1.11B	789.50M	553.00M	562.30M
Gross Profit Margin	55.9%	59.5%	58.1%	53.3%	48.7%	50.7%	49.7%	51.4%	51.8%
Total Operating Expenses	1.92B	586.40M	590.80M	380.90M	362.10M	348.50M	372.70M	334.70M	325.30M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	974.30M	489.20M	485.10M	0.00	0.00	3.80M	3.30M	5.90M	2.10M
Operating Income (EBIT)	1.90B	819.20M	515.50M	297.50M	262.90M	759.40M	416.80M	218.30M	237.00M
Operating Margin	27.8%	34.7%	27.1%	23.4%	20.5%	34.8%	26.3%	20.3%	21.8%
Income Before Tax (EBT)	1.23B	642.00M	332.10M	127.60M	124.30M	632.40M	292.90M	112.90M	120.70M
Interest Income	12.90M	4.70M	2.90M	3.80M	1.50M	2.00M	2.60M	3.40M	1.90M
Interest Expense	697.80M	191.60M	187.30M	179.80M	139.10M	132.80M	137.00M	134.60M	129.30M
Other Income/Expense	-669.10M	-177.20M	-183.40M	-169.90M	-138.60M	-127.00M	-123.90M	-105.40M	-116.30M
Net Income	961.80M	507.10M	257.80M	94.70M	102.20M	474.80M	223.90M	85.70M	85.80M
Income Tax Expense	183.90M	85.80M	53.70M	20.60M	23.80M	105.70M	48.60M	15.90M	17.60M
Net Profit Margin	14.1%	21.5%	13.5%	7.4%	8.0%	21.7%	14.1%	8.0%	7.9%
EBITDA	3.09B	1.11B	830.90M	604.40M	549.60M	1.02B	694.90M	487.80M	490.50M
EBITDA Margin	45.3%	46.9%	43.7%	47.5%	42.8%	46.6%	43.8%	45.3%	45.2%
Depreciation & Amortization	1.20B	288.30M	315.40M	306.90M	286.70M	258.60M	278.10M	269.50M	253.50M
EPS Basic	2.02	1.06	0.54	0.20	0.22	1.01	0.47	0.19	0.19
EPS Diluted	2.01	1.06	0.53	0.20	0.22	1.00	0.47	0.19	0.19
Shares Outstanding	479.00M	479.00M	472.90M	472.10M	471.00M	470.40M	469.82M	451.90M	448.50M
Diluted Shares Outstanding	480.90M	480.90M	474.50M	473.70M	472.10M	472.50M	469.90M	454.50M	450.20M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

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
Revenue	6.64B	5.46B	5.51B	5.85B	4.90B	4.68B	5.21B	5.11B
Cost of Goods Sold	2.75B	2.65B	3.03B	3.60B	2.85B	2.70B	2.89B	4.11B
Gross Profit	3.89B	2.81B	2.48B	2.25B	2.05B	1.99B	2.32B	1.00B
Gross Profit Margin	58.6%	51.5%	45.0%	38.5%	41.9%	42.4%	44.5%	19.6%
Total Operating Expenses	2.05B	1.35B	1.18B	984.90M	1.04B	1.44B	1.03B	856.40M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	1.71B	13.50M	24.00M	-27.60M	-35.50M	-9.30M	16.50M	-18.00M
Operating Income (EBIT)	1.84B	1.46B	1.30B	1.27B	1.01B	550.80M	890.70M	124.70M
Operating Margin	27.6%	26.7%	23.5%	21.6%	20.6%	11.8%	17.1%	2.4%
Income Before Tax (EBT)	1.22B	1.00B	813.90M	956.40M	706.60M	-31.30M	506.60M	-230.60M
Interest Income	10.20M	10.40M	9.00M	4.30M	4.00M	5.50M	7.70M	6.60M
Interest Expense	639.00M	517.20M	489.60M	360.50M	341.10M	371.00M	378.90M	353.30M
Other Income/Expense	-618.90M	-452.70M	-481.60M	-309.40M	-300.30M	-582.10M	-384.10M	-355.30M
Net Income	929.50M	760.40M	714.30M	804.10M	584.90M	-17.60M	383.10M	-50.60M
Income Tax Expense	203.80M	158.10M	139.50M	164.60M	117.80M	-17.10M	123.50M	-180.00M
Net Profit Margin	14.0%	13.9%	13.0%	13.7%	11.9%	-0.4%	7.4%	-1.0%
EBITDA	3.00B	2.50B	2.20B	2.09B	1.76B	1.28B	1.61B	724.30M
EBITDA Margin	45.2%	45.8%	40.0%	35.7%	35.8%	27.3%	30.9%	14.2%
Depreciation & Amortization	1.17B	1.04B	908.20M	820.80M	748.40M	725.90M	717.40M	599.60M
EPS Basic	1.96	1.63	1.59	1.84	1.35	-0.19	0.88	-0.18
EPS Diluted	1.95	1.62	1.48	1.70	1.27	-0.19	0.87	-0.18
Shares Outstanding	472.90M	454.20M	416.10M	407.10M	393.60M	384.35M	374.65M	356.49M
Diluted Shares Outstanding	474.50M	456.00M	447.90M	442.70M	417.30M	384.35M	375.99M	356.50M

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., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates steam coal generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County; and solar generating units in Sullivan County, Gibson County, Jasper County, and White County. 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.

Merrillville, IN

7,738 employees

www.nisource.com

Utilities / Regulated Gas

Sector: Utilities
Industry: Regulated Gas
CEO: Lloyd Yates

View full financials

Quarterly Report

TTM

Quarter ended Mar 2026

Quarter ended Dec 2025

Quarter ended Sep 2025

Quarter ended Jun 2025

Quarter ended Mar 2025

Quarter ended Dec 2024

Quarter ended Sep 2024

Quarter ended Jun 2024

Revenue

6.82B

2.36B

1.90B

1.27B

1.28B

2.18B

1.59B

1.08B

Cost of Goods Sold

3.01B

957.50M

796.90M

594.70M

658.00M

1.08B

798.30M

523.30M

522.40M

Gross Profit

3.81B

1.41B

1.11B

678.40M

625.00M

1.11B

789.50M

553.00M

562.30M

Gross Profit Margin

55.9%

59.5%

58.1%

53.3%

48.7%

50.7%

49.7%

51.4%

51.8%

Total Operating Expenses

1.92B

586.40M

590.80M

380.90M

362.10M

348.50M

372.70M

334.70M

325.30M

Research & Development

N/A

Selling, General & Administrative

974.30M

489.20M

485.10M

0.00

3.80M

3.30M

5.90M

2.10M

Operating Income (EBIT)

1.90B

819.20M

515.50M

297.50M

262.90M

759.40M

416.80M

218.30M

237.00M

Operating Margin

27.8%

34.7%

27.1%

23.4%

20.5%

34.8%

26.3%

20.3%

21.8%

Income Before Tax (EBT)

1.23B

642.00M

332.10M

127.60M

124.30M

632.40M

292.90M

112.90M

120.70M

Interest Income

12.90M

4.70M

2.90M

3.80M

1.50M

2.00M

2.60M

3.40M

1.90M

Interest Expense

697.80M

191.60M

187.30M

179.80M

139.10M

132.80M

137.00M

134.60M

129.30M

Other Income/Expense

-669.10M

-177.20M

-183.40M

-169.90M

-138.60M

-127.00M

-123.90M

-105.40M

-116.30M

Net Income

961.80M

507.10M

257.80M

94.70M

102.20M

474.80M

223.90M

85.70M

85.80M

Income Tax Expense

183.90M

85.80M

53.70M

20.60M

23.80M

105.70M

48.60M

15.90M

17.60M

Net Profit Margin

14.1%

21.5%

13.5%

7.4%

8.0%

21.7%

14.1%

8.0%

7.9%

EBITDA

3.09B

1.11B

830.90M

604.40M

549.60M

1.02B

694.90M

487.80M

490.50M

EBITDA Margin

45.3%

46.9%

43.7%

47.5%

42.8%

46.6%

43.8%

45.3%

45.2%

Depreciation & Amortization

1.20B

288.30M

315.40M

306.90M

286.70M

258.60M

278.10M

269.50M

253.50M

EPS Basic

2.02

1.06

0.54

0.20

0.22

1.01

0.47

0.19

EPS Diluted

2.01

1.06

0.53

0.20

0.22

1.00

0.47

0.19

Shares Outstanding

479.00M

472.90M

472.10M

471.00M

470.40M

469.82M

451.90M

448.50M

Diluted Shares Outstanding

480.90M

474.50M

473.70M

472.10M

472.50M

469.90M

454.50M

450.20M

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

Revenue

6.64B

5.46B

5.51B

5.85B

4.90B

4.68B

5.21B

5.11B

Cost of Goods Sold

2.75B

2.65B

3.03B

3.60B

2.85B

2.70B

2.89B

4.11B

Gross Profit

3.89B

2.81B

2.48B

2.25B

2.05B

1.99B

2.32B

1.00B

Gross Profit Margin

58.6%

51.5%

45.0%

38.5%

41.9%

42.4%

44.5%

19.6%

Total Operating Expenses

2.05B

1.35B

1.18B

984.90M

1.04B

1.44B

1.03B

856.40M

Research & Development

N/A

Selling, General & Administrative

1.71B

13.50M

24.00M

-27.60M

-35.50M

-9.30M

16.50M

-18.00M

Operating Income (EBIT)

1.84B

1.46B

1.30B

1.27B

1.01B

550.80M

890.70M

124.70M

Operating Margin

27.6%

26.7%

23.5%

21.6%

20.6%

11.8%

17.1%

2.4%

Income Before Tax (EBT)

1.22B

1.00B

813.90M

956.40M

706.60M

-31.30M

506.60M

-230.60M

Interest Income

10.20M

10.40M

9.00M

4.30M

4.00M

5.50M

7.70M

6.60M

Interest Expense

639.00M

517.20M

489.60M

360.50M

341.10M

371.00M

378.90M

353.30M

Other Income/Expense

-618.90M

-452.70M

-481.60M

-309.40M

-300.30M

-582.10M

-384.10M

-355.30M

Net Income

929.50M

760.40M

714.30M

804.10M

584.90M

-17.60M

383.10M

-50.60M

Income Tax Expense

203.80M

158.10M

139.50M

164.60M

117.80M

-17.10M

123.50M

-180.00M

Net Profit Margin

14.0%

13.9%

13.0%

13.7%

11.9%

-0.4%

7.4%

-1.0%

EBITDA

3.00B

2.50B

2.20B

2.09B

1.76B

1.28B

1.61B

724.30M

EBITDA Margin

45.2%

45.8%

40.0%

35.7%

35.8%

27.3%

30.9%

14.2%

Depreciation & Amortization

1.17B

1.04B

908.20M

820.80M

748.40M

725.90M

717.40M

599.60M

EPS Basic

1.96

1.63

1.59

1.84

1.35

-0.19

0.88

-0.18

EPS Diluted

1.95

1.62

1.48

1.70

1.27

-0.19

0.87

-0.18

Shares Outstanding

472.90M

454.20M

416.10M

407.10M

393.60M

384.35M

374.65M

356.49M

Diluted Shares Outstanding

474.50M

456.00M

447.90M

442.70M

417.30M

384.35M

375.99M

356.50M