NiSource (NI) financial statements
- FY2025 revenue
- $6.5B▲ +23.5%
- FY2025 net income
- $930M▲ +22.2%
- FY2025 diluted EPS
- $1.95▲ +20.4%
- FY2025 free cash flow
- −$420M
NiSource income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 6,523 | 5,283 | 5,348 |
| Operating income | 1,835 | 1,456 | 1,296 |
| Net income | 930 | 760 | 714 |
| Diluted earnings per share | 1.95 | 1.62 | 1.48 |
NiSource balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 110 | 199 | 2,245 |
| Total assets | 35,859 | 31,788 | 31,077 |
| Total liabilities (derived) | 24,199 | 21,120 | 20,941 |
| Total equity | 11,660 | 10,668 | 10,136 |
| Long-term debt | 15,458 | 12,075 | 11,056 |
NiSource cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 2,362 | 1,782 | 1,935 |
| Capital expenditure | -2,782 | -2,614 | -2,646 |
| Free cash flow (derived) | -420 | -832 | -711 |
| Dividends paid | -530 | -481 | -413 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue | 1,299 | 1,290 | 2,322 | 6,523 |
| Operating income (derived) | 340 | 228 | 819 | 516 |
| Net income (derived) | 130 | 46 | 507 | 258 |
| Diluted earnings per share | 0.27 | 0.09 | 1.06 | n/a |
| Operating cash flow (derived) | 547 | 680 | 442 | 713 |
| Total assets | 38,867 | 37,544 | 36,601 | 35,859 |
NiSource major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Vanguard Capital Management | 7.6% | 36,215,860 | 30 April 2026 |
| T. Rowe Price Investment Management, Inc. | 6.2% | 29,893,604 | 14 August 2026 |
| Vanguard Portfolio Management | 5.6% | 27,038,810 | 29 April 2026 |
| STATE STREET CORPORATION | 5.0% | 23,762,068 | 13 May 2025 |
NiSource 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 28 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 28 October 2026 | 8-K | Current report | Current report |
| 16 October 2026 | 8-K | Current report | Current report |
| 18 August 2026 | 8-K | Current report | Current report |
| 5 August 2026 | 10-Q | Quarterly report | Quarterly report |
| 5 August 2026 | 8-K | Current report | Current report |
| 18 May 2026 | 8-K | Current report | Current report |
| 12 May 2026 | 8-K | Current report | Current report |
Common questions
What was NiSource's revenue in fiscal 2025?
NiSource reported $6.5 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 23.5% from fiscal 2024.
What was NiSource's net income in fiscal 2025?
NiSource reported net income of $930 million for fiscal 2025, the year ended 31 December 2025, up 22.2% from fiscal 2024. Diluted earnings per share were $1.95.
What was NiSource's free cash flow in fiscal 2025?
NiSource had negative free cash flow of $420 million in fiscal 2025. Operating cash flow was $2.4 billion and capital expenditure was $2.8 billion.
What were NiSource's total assets at the end of fiscal 2025?
NiSource reported total assets of $35.9 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much NiSource history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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