Monday 2 November 2026 Export NI’s income statement to Excel — free account

NiSource, Inc

NiSource, Inc’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, up 21.8% from fiscal 2024.

Revenue: +5.99%
EPS: +44.9%
Free cash flow: −278.4%
Total debt: +15.9%

Quarter to September 2026, against a year earlier

44.98 0.41 +0.92%

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Market cap: $21.4B
P/E: 22.8×
Fwd P/E: 21.9×
Dividend yield: 2.67%
F-score: 6/9
Altman Z: 0.80
Beneish M: −2.41
Dividend safety: 36/100

Overview Business Profile Earnings & Analysis Segments Filings

NiSource, Inc (NI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2010: revenue by segment, and margins
Gas Distribution Operations	3,620	56.82%
Electric Operations	1,381	21.67%
Columbia Pipeline Group Operations	780	12.25%
Corporate and Other	590	9.27%
Gross margin		53.48%
Operating margin		14.00%
Pre-tax margin		6.38%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Columbia Operations	3,325 50.97%	2,628 49.75%	2,661 49.76%	2,948 51.37%	—	—	—	—	—	—	—	—	—	—	—	—	—
NIPSCO Operations	3,198 49.03%	2,655 50.25%	2,687 50.24%	2,790 48.63%	—	—	—	—	—	—	—	—	—	—	—	—	—
Corporate and Other	0 0.00%	0 0.00%	0 0.00%	0 0.00%	1 0.02%	1 0.02%	1 0.02%	1 0.01%	512 10.82%	427 9.72%	406 8.73%	419 7.94%	378 8.17%	484 9.61%	474 8.24%	590 9.27%	826 12.41%
Gas Distribution Operations	—	—	—	—	3,126 66.07%	3,032 67.78%	3,455 68.37%	3,372 67.56%	3,102 65.58%	2,831 64.44%	3,069 65.98%	3,594 68.16%	3,054 66.02%	2,661 52.89%	3,458 60.13%	3,620 56.82%	3,885 58.41%
Electric Operations	—	—	—	—	1,604 33.91%	1,440 32.20%	1,597 31.61%	1,618 32.43%	1,787 37.77%	1,662 37.83%	1,574 33.84%	1,673 31.74%	1,565 33.83%	1,510 30.01%	1,429 24.85%	1,381 21.67%	1,222 18.37%
Intersegment Eliminations	—	—	—	—	—	—	—	—	(526) (11.12%)	(426) (9.71%)	(398) (8.55%)	(414) (7.84%)	(371) (8.03%)	(625) (12.42%)	(616) (10.71%)	—	—
Columbia Pipeline Group Operations	—	—	—	—	—	—	—	—	—	—	—	—	—	1,002 19.91%	1,006 17.49%	780 12.25%	719 10.81%
Eliminations	—	—	—	—	—	—	—	—	(144) (3.05%)	(100) (2.28%)	—	—	—	—	—	—	—
Revenue	6,523	5,283	5,348	5,739	4,731	4,473	5,053	4,991	4,730	4,393	4,652	5,272	4,625	5,031	5,751	6,371	6,652

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
NIPSCO Operations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Columbia Operations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gas Distribution Operations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Electric Operations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Columbia Pipeline Group Operations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Electric customers	Q3 FY2026	500.0K	500.0K	0.00%
Natural gas customers	Q3 FY2026	3.3M	3.3M	0.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Electric customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural gas customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.