NiSource Inc. (NI)

NiSource Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	6,176	5,283	5,348	5,739	4,731	4,473
Other Revenue	151.2	172.2	157.6	112	168.3	208.5
Revenue	6,327	5,455	5,505	5,851	4,900	4,682
Revenue Growth (YoY)	19.62%	-0.91%	-5.90%	19.41%	4.65%	-10.12%
Operations & Maintenance	1,632	1,501	1,484	1,489	1,456	1,586
Selling, General & Admin	14.7	14.7	11.3	-	-	-
Depreciation & Amortization	1,130	1,043	908.2	820.8	748.4	725.9
Other Operating Expenses	1,822	1,446	1,828	2,351	1,645	1,399
Total Operating Expenses	4,599	4,004	4,231	4,661	3,850	3,711
Operating Income	1,728	1,451	1,274	1,189	1,050	970.7
Interest Expense	-634.7	-563.2	-526.5	-378.9	-348	-378
Interest Income	9.9	10.4	9	4.3	4	5.5
Net Interest Expense	-624.8	-552.8	-517.5	-374.6	-344	-372.5
Allowance for Equity Funds for Construction	44.7	75.1	25.2	15.1	13.1	9.9
Allowance for Borrowed Funds for Construction	40.1	40.1	25.3	6.7	4.6	7
Other Non-Operating Income (Expenses)	-5	-1.6	9.4	15.8	-9.5	7.7
EBT Excluding Unusual Items	1,183	1,012	816.8	852.2	714.3	622.8
Gain (Loss) on Sale of Assets	-2	-2.9	-2.9	104.2	-7.7	-410.6
Asset Writedown	-3.9	-6.1	-	-	-	-
Other Unusual Items	-	-	-	-	-	-243.5
Pretax Income	1,177	1,003	813.9	956.4	706.6	-31.3
Income Tax Expense	198.7	158.1	139.5	164.6	117.8	-17.1
Earnings From Continuing Ops.	978.5	844.7	674.4	791.8	588.8	-14.2
Net Income to Company	978.5	844.7	674.4	791.8	588.8	-14.2
Minority Interest in Earnings	-82.9	-84.3	39.9	12.3	-3.9	-3.4
Net Income	895.6	760.4	714.3	804.1	584.9	-17.6
Preferred Dividends & Other Adjustments	2.1	22.3	53.2	55.1	55.1	55.1
Net Income to Common	893.5	738.1	661.1	749	529.8	-72.7
Net Income Growth	15.73%	6.45%	-11.17%	37.48%	-	-
Shares Outstanding (Basic)	470	454	416	407	394	384
Shares Outstanding (Diluted)	472	456	448	443	417	384
Shares Change (YoY)	4.69%	1.81%	1.18%	6.09%	8.59%	2.21%
EPS (Basic)	1.90	1.63	1.59	1.84	1.35	-0.19
EPS (Diluted)	1.90	1.62	1.48	1.70	1.27	-0.19
EPS Growth	15.58%	9.52%	-12.99%	33.50%	-	-
Free Cash Flow	-535.5	-861.5	-710.7	-793.7	-620.1	-654.1
Free Cash Flow Per Share	-1.13	-1.89	-1.59	-1.79	-1.49	-1.70
Dividend Per Share	1.120	1.075	1.015	0.955	0.895	0.850
Dividend Growth	5.66%	5.91%	6.28%	6.70%	5.29%	4.94%
Profit Margin	14.12%	13.53%	12.01%	12.80%	10.81%	-1.55%
Free Cash Flow Margin	-8.46%	-15.79%	-12.91%	-13.57%	-12.66%	-13.97%
EBITDA	2,756	2,391	2,093	1,946	1,739	1,637
EBITDA Margin	43.55%	43.84%	38.01%	33.26%	35.49%	34.96%
D&A For EBITDA	1,027	940.3	818.1	756.6	689	665.8
EBIT	1,728	1,451	1,274	1,189	1,050	970.7
EBIT Margin	27.31%	26.60%	23.15%	20.33%	21.43%	20.73%
Effective Tax Rate	16.88%	15.77%	17.14%	17.21%	16.67%	-
Revenue as Reported	6,327	5,455	5,505	5,851	4,900	4,682

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q