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Saturday 17 October 2026 Export NI’s income statement to Excel — free account

NiSource, Inc

NI Utilities Utilities Regulated Gas

In the quarter to June 2026, revenue grew 4.63%, EPS fell 59.1%, free cash flow fell 156.1% and total debt rose 10.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

42.68 1.43 +3.47%
Market cap
$19.8B
P/E
22.7×
Fwd P/E
22.7×
Dividend yield
3.47%
F-score
6/9
Altman Z
0.80
Beneish M
−2.41
Dividend safety
36/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

NiSource, Inc (NI) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, NiSource, Inc (NI) trades at a EV/EBITDA of 12.1×. Over the past ten years it has ranged from 9.8× (January 2016) to 27.3× (June 2019); the current reading is higher than 56% of that period. That is in line with the Utilities Regulated Gas industry median of 11.9× and in line with the Utilities sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 11.9× (2.13%)
FY2024 12.2× 16.36%
FY2023 10.5× (2.46%)
FY2022 10.7× (8.37%)
FY2021 11.7× (18.83%)
FY2020 14.4× 16.56%
FY2019 12.4× (49.77%)
FY2018 24.7× 113.47%
FY2017 11.6× 9.33%
FY2016 10.6× 7.51%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 12.8× 1.48%
Mar 2026 12.6× 5.76%
Dec 2025 11.9× (5.22%)
Sep 2025 12.6× 0.66%
42 more quarters

Against its own ten years

Low 9.8× High 27.3×
Ten-year median 11.9×
Current reading's percentile 56

EV/EBITDA against peers

Company EV/EBITDA
UGI UGI Corporation compare 8.5×
OGS ONE Gas, Inc. compare 9.3×
SWX Southwest Gas Corporation compare 11.4×
SR Spire Inc. compare 11.8×
NJR NewJersey Resources Corporation compare 11.9×
BKH Black Hills Corporation compare 11.9×
NI NiSource, Inc 12.1×
MDU MDU Resources Group, Inc. compare 12.4×
ATO Atmos Energy Corporation compare 14.7×
Utilities Regulated Gas industry median 11.9×
Utilities sector median 12.4×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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