NiSource Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), NiSource Inc reported revenue of $6.6B (+21.8% year on year) and net income of $1.0B (+19.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Customer revenues | $6.5B | $5.3B | $5.3B | $5.7B |
| Other revenues | $119.4M | $172.2M | $157.6M | $112.0M |
| Total Operating Revenues | $6.6B | $5.5B | $5.5B | $5.9B |
| Cost of energy | $1.6B | $1.1B | $1.5B | $2.1B |
| Operation and maintenance | $1.7B | $1.5B | $1.5B | $1.5B |
| Depreciation and amortization | $1.2B | $1.0B | $908.2M | $820.8M |
| Loss on impairment of assets | $700.0K | $6.1M | — | — |
| Loss (gain) on sale of assets, net | ($100.0K) | $2.9M | $2.9M | ($104.2M) |
| Other taxes | $344.1M | $300.0M | $270.6M | $268.3M |
| Total Operating Expenses | $4.8B | $4.0B | $4.2B | $4.6B |
| Operating Income | $1.8B | $1.5B | $1.3B | $1.3B |
| Interest expense, net | ($639.0M) | ($517.2M) | ($489.6M) | ($361.6M) |
| Other, net | $20.1M | $64.5M | $8.0M | $52.2M |
| Total Other Deductions, Net | ($618.9M) | ($452.7M) | ($481.6M) | ($309.4M) |
| Income before Income Taxes | $1.2B | $1.0B | $813.9M | $956.4M |
| Income Taxes | $203.8M | $158.1M | $139.5M | $164.6M |
| Net Income | $1.0B | $844.7M | $674.4M | $791.8M |
| Net income (loss) attributable to noncontrolling interest | $83.1M | $84.3M | — | ($12.3M) |
| Net Income attributable to NiSource | $929.5M | $760.4M | $714.3M | $804.1M |
| Preferred dividends | $0 | ($6.7M) | ($42.8M) | ($55.1M) |
| Preferred redemption premium | $0 | $14.0M | — | — |
| Net Income Available to Common Shareholders | $929.5M | $739.7M | $661.7M | $749.0M |
| Basic Earnings Per Share | $1.96 | $1.63 | $1.59 | $1.84 |
| Diluted Earnings Per Share | $1.95 | $1.62 | $1.48 | $1.70 |
| Average common shares outstanding - Basic | 472.9M | 454.2M | 416.1M | 407.1M |
| Diluted Average Common Shares | 474.5M | 456.0M | 447.9M | 442.7M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Customer revenues | $1.3B | $2.3B | $1.2B | $1.2B |
| Other revenues | $52.9M | $40.8M | $32.9M | $36.5M |
| Total Operating Revenues | $1.3B | $2.4B | $1.3B | $1.3B |
| Loss on sale of assets | $0 | — | ($600.0K) | $800.0K |
| Cost of energy | $193.6M | $669.2M | $193.6M | $261.8M |
| Operation and maintenance | $474.9M | $489.2M | $401.1M | $396.2M |
| Depreciation and amortization | $362.2M | $288.3M | $306.9M | $286.7M |
| Loss on impairment of assets | $0 | $0 | $0 | $400.0K |
| Other taxes | $83.6M | $97.2M | $74.6M | $74.2M |
| Operating Costs and Expenses | $1.1B | $1.5B | $975.6M | $1.0B |
| Operating Income | $228.1M | $819.2M | $297.5M | $262.9M |
| Interest expense, net | ($199.2M) | ($191.6M) | ($179.8M) | ($139.1M) |
| Other, net | $18.2M | $14.4M | $9.9M | $500.0K |
| Total Other Deductions, Net | ($181.0M) | ($177.2M) | ($169.9M) | ($138.6M) |
| Income before Income Taxes | $47.1M | $642.0M | $127.6M | $124.3M |
| Income Taxes | $10.2M | $85.8M | $20.6M | $23.8M |
| Net Income | $36.9M | $556.2M | $107.0M | $100.5M |
| Net income (loss) attributable to noncontrolling interest | ($8.6M) | $49.1M | $12.3M | ($1.7M) |
| Net Income Attributable to NiSource | $45.5M | $507.1M | $94.7M | $102.2M |
| Preferred dividends redemption premium reversal | $0 | — | — | — |
| Net Income Available to Common Shareholders | $45.5M | $510.7M | $94.7M | $102.2M |
| Basic Earnings Per Share | $0.10 | $1.06 | $0.20 | $0.22 |
| Diluted Earnings Per Share | $0.09 | $1.06 | $0.20 | $0.22 |
| Basic Average Common Shares Outstanding | 479.7M | 479.0M | 472.1M | 471.0M |
| Diluted Average Common Shares | 481.2M | 480.9M | 473.7M | 472.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Plant | $38.1B | $34.2B | $30.5B | $27.6B |
| Accumulated depreciation and amortization | ($9.4B) | ($8.7B) | ($8.2B) | ($7.7B) |
| Net Property, Plant and Equipment | $28.7B | $25.5B | $22.3B | $19.8B |
| Unconsolidated affiliates | $8.1M | $6.5M | $5.3M | $1.6M |
| Available-for-sale debt securities (amortized cost of $145.8 and $91.9, allowance for credit losses of $0.0 and $0.1, respectively) | $146.1M | $86.7M | $159.1M | $151.6M |
| Other investments | $118.6M | $85.5M | $82.7M | $71.0M |
| Total Investments and Other Assets | $272.8M | $178.7M | $247.1M | $224.2M |
| Cash and cash equivalents | $110.1M | $156.6M | $2.2B | $40.8M |
| Restricted cash | $25.6M | $42.0M | $35.7M | $34.6M |
| Accounts receivable | $1.2B | $987.9M | $884.9M | $1.1B |
| Allowance for credit losses | ($40.6M) | ($23.7M) | ($22.9M) | ($23.9M) |
| Accounts receivable, net | $1.2B | $964.2M | $862.0M | $1.0B |
| Gas inventory | $252.0M | $179.6M | $265.8M | $531.7M |
| Materials and supplies, at average cost | $189.0M | $173.3M | $172.1M | $151.4M |
| Electric production fuel, at average cost | $8.5M | $36.2M | $65.3M | $68.8M |
| Exchange gas receivable | $66.0M | $45.7M | $66.0M | $128.1M |
| Regulatory assets | $274.2M | $319.9M | $214.3M | $233.2M |
| Prepayments and other | $105.0M | $24.2M | $118.6M | $210.0M |
| Total Current Assets | $2.4B | $2.1B | $4.5B | $2.6B |
| Regulatory assets | $2.2B | $2.2B | $2.2B | $2.3B |
| Goodwill | $1.5B | $1.5B | $1.5B | $1.5B |
| Deferred charges and other | $809.4M | $432.0M | $324.0M | $252.0M |
| Total Other Assets | $4.5B | $4.1B | $4.1B | $4.1B |
| Other Assets | $305.4M | — | — | — |
| Total Assets | $35.9B | $31.8B | $31.1B | $26.7B |
| Common stock - $0.01 par value, 750,000,000 shares authorized; 478,432,058 and 469,822,472 shares outstanding, respectively | 4.8M | 4.7M | 4.5M | 4.2M |
| Treasury stock | ($99.9M) | ($99.9M) | ($99.9M) | ($99.9M) |
| Additional paid-in capital | $9.9B | $9.5B | $8.9B | $7.4B |
| Retained deficit | ($315.2M) | ($711.7M) | ($967.0M) | ($1.2B) |
| Accumulated other comprehensive loss | ($6.2M) | ($30.4M) | ($33.6M) | ($37.1M) |
| Total NiSource Stockholders' Equity | $9.5B | $8.7B | $8.3B | $7.6B |
| Noncontrolling interest in consolidated subsidiaries | $2.2B | $2.0B | $1.9B | $326.4M |
| Total Stockholders’ Equity | $11.7B | $10.7B | $10.1B | $7.9B |
| Long-term debt, excluding amounts due within one year | $15.5B | $12.1B | $11.1B | $9.5B |
| Total Capitalization | $27.1B | $22.7B | $21.2B | $17.4B |
| Current portion of long-term debt | $19.7M | $1.3B | $23.8M | $30.0M |
| Short-term borrowings | $736.0M | $604.6M | $3.0B | $1.8B |
| Accounts payable | $1.1B | $863.1M | $749.4M | $899.5M |
| Customer deposits and credits | $283.4M | $268.8M | $294.4M | $324.7M |
| Taxes accrued | $228.8M | $173.4M | $166.2M | $246.2M |
| Interest accrued | $206.2M | $157.0M | $136.1M | $138.4M |
| Asset retirement obligations | $55.0M | $84.6M | $72.5M | — |
| Exchange gas payable | $125.4M | $91.8M | $50.5M | $147.6M |
| Regulatory liabilities | $260.1M | $150.5M | $278.6M | $236.8M |
| Accrued compensation and employee benefits | $246.8M | $268.2M | $227.6M | $167.5M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Plant | $40.3B | $39.0B | $37.2B | $36.4B |
| Accumulated depreciation and amortization | ($9.8B) | ($9.6B) | ($9.2B) | ($9.0B) |
| Net Property, Plant and Equipment | $30.5B | $29.4B | $28.0B | $27.5B |
| Unconsolidated affiliates | $8.2M | $8.2M | $7.7M | $7.8M |
| Available-for-sale debt securities (amortized cost of $164.6 and $145.8, respectively) | $163.3M | $156.7M | $159.0M | $144.9M |
| Other investments | $121.5M | $116.3M | $116.2M | $107.0M |
| Total Investments and Other Assets | $293.0M | $281.2M | $282.9M | $259.7M |
| Cash and cash equivalents | $70.0M | $71.9M | $95.0M | $335.4M |
| Restricted Cash | $25.4M | $25.2M | $24.5M | $30.2M |
| Accounts receivable | $886.7M | $1.3B | $719.6M | $805.9M |
| Allowance for credit losses | ($40.2M) | ($46.1M) | ($18.6M) | ($27.3M) |
| Accounts receivable, net | $846.5M | $1.2B | $701.0M | $778.6M |
| Gas storage | $173.6M | $88.4M | $268.3M | $148.2M |
| Materials and supplies, at average cost | $212.4M | $193.8M | $183.3M | $187.7M |
| Electric production fuel, at average cost | $22.4M | $21.3M | $23.7M | $32.1M |
| Exchange gas receivable | $37.9M | $69.6M | $42.9M | $33.0M |
| Regulatory assets | $400.0M | $380.6M | $326.5M | $287.1M |
| Income Taxes Receivable | $7.6M | $11.5M | — | — |
| Prepayments and other | $157.5M | $102.5M | $25.6M | $23.0M |
| Prepaid Expense, Current | $246.1M | $209.1M | $157.4M | $143.5M |
| Total Current Assets | $2.2B | $2.4B | $1.8B | $2.0B |
| Regulatory assets | $2.4B | $2.3B | $2.1B | $2.2B |
| Goodwill | $1.5B | $1.5B | $1.5B | $1.5B |
| Deferred charges and other | $683.2M | $695.6M | $652.9M | $654.6M |
| Total Other Assets | $4.5B | $4.5B | $4.3B | $4.3B |
| Other Assets | $210.7M | $199.0M | — | — |
| Total Assets | $37.5B | $36.6B | $34.4B | $34.0B |
| Common stock - $0.01 par value,750,000,000 shares authorized; 479,498,053 and 478,432,058 shares outstanding, respectively | 4.8M | 4.8M | 4.8M | 4.7M |
| Treasury stock | ($99.9M) | ($99.9M) | ($99.9M) | ($99.9M) |
| Additional paid-in capital | $9.9B | $9.9B | $9.8B | $9.5B |
| Retained deficit | ($196.2M) | ($96.6M) | ($572.0M) | ($532.1M) |
| Accumulated other comprehensive loss | ($9.5M) | ($9.2M) | ($13.0M) | ($28.2M) |
| Total NiSource Stockholders’ Equity | $9.6B | $9.7B | $9.1B | $8.9B |
| Noncontrolling interest in consolidated subsidiaries | $2.3B | $2.3B | $2.1B | $2.1B |
| Total Stockholders’ Equity | $11.9B | $11.9B | $11.2B | $11.0B |
| Long-term debt, excluding amounts due within one year | $15.6B | $15.5B | $14.5B | $14.5B |
| Total Capitalization | $27.5B | $27.4B | $25.7B | $25.5B |
| Current portion of long-term debt | $1.1B | $16.8M | $31.3M | $1.3B |
| Short-term borrowings | $692.0M | $1.3B | $1.3B | $0 |
| Accounts payable | $1.1B | $999.3M | $712.0M | $683.9M |
| Dividends payable - common stock | $148.0M | $147.4M | $137.4M | $135.1M |
| Customer deposits and credits | $163.8M | $148.1M | $273.5M | $159.9M |
| Taxes accrued | $246.3M | $240.8M | $179.0M | $172.4M |
| Interest accrued | $241.4M | $218.8M | $198.2M | $177.8M |
| Exchange gas payable | $76.8M | $56.5M | $100.0M | $80.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Income | $1.0B | $844.7M | $674.4M | $791.8M |
| Depreciation and amortization | $1.2B | $1.0B | $908.2M | $820.8M |
| Deferred income taxes and investment tax credits | $235.8M | $168.0M | $134.1M | $156.9M |
| Stock compensation expense and 401(k) profit sharing contribution | $50.9M | $43.6M | $33.5M | $24.9M |
| Payments for asset retirement obligations | ($73.0M) | ($72.5M) | — | — |
| Other adjustments | $24.8M | ($52.8M) | ($17.9M) | $5.7M |
| Accounts receivable | ($273.4M) | ($101.5M) | $184.1M | ($216.3M) |
| Gas storage and other inventories | ($60.3M) | $102.0M | $233.9M | ($258.9M) |
| Accounts payable | $131.8M | $71.5M | ($171.8M) | $165.0M |
| Exchange gas receivable/payable | $135.8M | ($133.5M) | $126.5M | $57.8M |
| Other accruals | $67.9M | $9.5M | ($102.9M) | $73.4M |
| Prepayments and other current assets | ($37.3M) | ($75.9M) | $36.7M | ($9.8M) |
| Regulatory assets/liabilities | $55.7M | ($8.7M) | ($26.2M) | ($129.4M) |
| Postretirement and postemployment benefits | ($46.1M) | ($64.3M) | ($22.0M) | $84.7M |
| Deferred charges and other noncurrent assets | ($33.5M) | ($20.8M) | ($10.1M) | ($4.1M) |
| Other noncurrent liabilities and deferred credits | $3.0M | $26.1M | ($48.3M) | ($47.8M) |
| Net Cash Flows from Operating Activities | $2.4B | $1.8B | $1.9B | $1.4B |
| Capital expenditures | ($2.8B) | ($2.6B) | ($2.6B) | ($2.2B) |
| Cost of removal | ($188.3M) | ($166.8M) | ($160.8M) | ($151.7M) |
| Purchases of available-for-sale securities | ($93.9M) | ($17.8M) | ($42.8M) | ($73.5M) |
| Sales of available-for-sale securities | $39.3M | $93.2M | $39.9M | $75.7M |
| Milestone and final payments to renewable generation asset developers | ($1.1B) | ($482.0M) | ($761.4M) | ($323.9M) |
| Advanced deposits for project costs | ($373.8M) | ($29.0M) | — | — |
| Other investing activities | ($26.4M) | $2.6M | ($3.7M) | $1.3M |
| Net Cash Flows used for Investing Activities | ($4.5B) | ($3.2B) | ($3.6B) | ($2.6B) |
| Proceeds from issuance of long-term debt | $3.4B | $2.2B | $1.5B | $345.6M |
| Repayments of finance lease obligations | ($22.0M) | — | — | — |
| Repayments of Long-Term Debt | ($1.3B) | — | — | — |
| Repayment of short term credit agreements | $0 | ($1.6B) | — | — |
| Issuance of short term credit agreements | $0 | $0 | — | $1.0B |
| Net change in commercial paper and other short-term borrowings | $131.4M | ($794.0M) | $636.4M | — |
| Issuance of common stock, net of issuance costs | $312.1M | $612.6M | $12.9M | $154.3M |
| Redemption of preferred stock | $0 | ($486.1M) | — | — |
| Preferred stock redemption premium | $0 | ($14.0M) | ($9.8M) | — |
| Payment of obligation to renewable generation asset developer | $0 | $0 | ($347.2M) | — |
| Equity costs, premiums and other debt related costs | ($26.8M) | ($67.3M) | ($30.2M) | ($13.0M) |
| Contributions from NIPSCO and GenCo minority interest holders | ($231.4M) | ($99.5M) | $2.4B | $21.2M |
| Distributions to NIPSCO minority interest holders | ($74.6M) | ($50.3M) | ($14.1M) | ($6.0M) |
| Contributions from tax equity partners | $0 | $0 | — | — |
| Distributions to tax equity partners | ($14.2M) | ($16.1M) | — | — |
| Dividends paid - common stock | ($530.4M) | ($481.0M) | ($413.5M) | ($381.5M) |
| Dividends paid - preferred stock | $0 | ($8.2M) | ($43.8M) | ($55.1M) |
| Contract liability payment | $0 | $0 | ($66.6M) | ($66.1M) |
| Net Cash Flows (used for) from Financing Activities | $2.1B | ($651.0M) | $3.8B | $1.1B |
| Change in cash, cash equivalents and restricted cash | ($62.9M) | ($2.1B) | $2.2B | ($19.5M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Income | $593.1M | $556.2M | $734.2M | $627.2M |
| Depreciation and amortization | $650.5M | $288.3M | $852.2M | $545.3M |
| Deferred income taxes and investment tax credits | $107.6M | $75.8M | $153.5M | $120.4M |
| Loss on sale of assets | $0 | — | $200.0K | $800.0K |
| Payments for asset retirement obligations | ($12.1M) | ($15.5M) | ($50.0M) | ($31.3M) |
| Other adjustments | $38.2M | $18.3M | $22.5M | $22.3M |
| Components of working capital(1) | ($272.0M) | ($531.5M) | ($26.0M) | ($64.8M) |
| Regulatory assets/liabilities | ($56.1M) | $50.5M | ($19.5M) | ($23.7M) |
| Deferred charges and other noncurrent assets | $18.0M | — | ($24.4M) | ($14.9M) |
| Other noncurrent liabilities and deferred credits and charges | $55.5M | $200.0K | $7.0M | $500.0K |
| Net Cash Flows from Operating Activities | $1.1B | $442.3M | $1.6B | $1.2B |
| Capital expenditures | ($1.9B) | ($805.2M) | ($1.9B) | ($1.3B) |
| Payment to renewable generation asset developer | $0 | $0 | ($1.1B) | ($958.0M) |
| Advanced deposits | ($92.1M) | ($22.4M) | ($161.3M) | ($160.9M) |
| Other investing activities | ($112.1M) | ($45.0M) | ($93.8M) | ($151.9M) |
| Net Cash Flows used for Investing Activities | ($2.1B) | ($872.6M) | ($3.4B) | ($2.6B) |
| Proceeds from issuance of long-term debt | $1.2B | $0 | $2.4B | $2.4B |
| Repayments of finance lease obligations | ($10.4M) | ($5.9M) | ($17.3M) | ($10.9M) |
| Net change in commercial paper and other short-term borrowings | ($44.0M) | $555.0M | $655.4M | ($604.6M) |
| Issuance of common stock, net of issuance costs | $7.0M | $3.9M | $259.1M | $6.8M |
| Equity costs, premiums and other debt related costs | ($24.7M) | ($22.7M) | ($22.0M) | ($17.7M) |
| Contributions from NIPSCO and GenCo minority interest holders | $124.5M | $25.5M | $145.3M | $134.3M |
| Distributions to tax equity partners | ($8.0M) | ($3.2M) | ($12.8M) | ($9.8M) |
| Distribution to NIPSCO minority interest holders | ($47.0M) | ($19.9M) | ($55.5M) | ($44.4M) |
| Dividends paid - common stock | ($293.3M) | ($149.0M) | ($396.4M) | ($264.2M) |
| Net Cash Flows from Financing Activities | $943.8M | $391.7M | $1.7B | $1.6B |
| Change in cash, cash equivalents and restricted cash | ($40.3M) | ($38.6M) | ($79.1M) | $167.0M |
| Cash, cash equivalents and restricted cash at beginning of period | $135.7M | $135.7M | $198.6M | $198.6M |
| Cash, Cash Equivalents and Restricted Cash at End of Period | $95.4M | $97.1M | $119.5M | $365.6M |
NiSource Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.