NiSource Inc. (NI)

NiSource Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	6,642	5,455	5,505	5,851	4,900
Revenue Growth (YoY)	21.76%	-0.91%	-5.90%	19.41%	4.65%
Fuel and Purchased Power Expense	1,584	1,132	1,533	2,111	1,392
Operations and Maintenance Expenses	1,710	1,515	1,495	1,489	1,456
Gross Profit	3,348	2,808	2,477	2,251	2,051
Depreciation & Amortization Expenses	1,168	1,043	908.2	820.8	748.4
Taxes Other than Income Tax	344.1	300	270.6	268.3	288.3
Net Gains on Disposal of Operating Assets	0.1	-2.9	-2.9	104.2	-7.7
Other Operating Expenses	0.7	6.1	-	-	-
Operating Income	1,835	1,456	1,296	1,266	1,007
Interest Expense	-639	-517.2	-489.6	-361.6	-341.1
Other Non-Operating Income (Expense)	20.1	64.5	8	52.2	40.8
Total Non-Operating Income (Expense)	-618.9	-452.7	-481.6	-309.4	-300.3
Pretax Income	1,216	1,003	813.9	956.4	706.6
Provision for Income Taxes	203.8	158.1	139.5	164.6	117.8
Net Income	929.5	739.7	661.7	749	529.8
Minority Interest in Earnings	83.1	84.3	-39.9	-12.3	3.9
Net Income Attributable to Preferred Dividends	-	20.7	52.6	55.1	55.1
Net Income to Common	929.5	739.7	661.7	749	529.8
Net Income Growth	25.66%	11.79%	-11.66%	41.37%	-
Shares Outstanding (Basic)	473	454	416	407	394
Shares Outstanding (Diluted)	475	456	448	443	417
Shares Change (YoY)	4.06%	1.81%	1.18%	6.09%	8.59%
EPS (Basic)	1.96	1.63	1.59	1.84	1.35
EPS (Diluted)	1.95	1.62	1.48	1.70	1.27
EPS Growth	20.37%	9.46%	-12.94%	33.86%	-
Free Cash Flow	-420	-832.5	-710.7	-793.7	-620.1
Free Cash Flow Per Share	-0.89	-1.83	-1.59	-1.79	-1.49
Dividends Per Share	1.140	1.075	1.015	0.955	0.895
Dividend Growth	6.05%	5.91%	6.28%	6.70%	5.29%
Gross Margin	50.40%	51.47%	45.00%	38.47%	41.87%
Operating Margin	27.63%	26.68%	23.53%	21.64%	20.55%
Profit Margin	15.24%	15.48%	12.25%	13.53%	12.02%
FCF Margin	-6.32%	-15.26%	-12.91%	-13.57%	-12.66%
EBITDA	3,003	2,499	2,204	2,087	1,755
EBITDA Margin	45.21%	45.80%	40.03%	35.66%	35.83%
EBIT	1,835	1,456	1,296	1,266	1,007
EBIT Margin	27.63%	26.68%	23.53%	21.64%	20.55%
Effective Tax Rate	16.75%	15.77%	17.14%	17.21%	16.67%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q