The Filings Report

NiSource Inc.

NINYSECIK 1111711Utilities / Utilities - Diversifiedfiscal year ends December70 quarters since 2009

Revenue, Q3 FY2026
$1.3B
+4.7% on Q3 FY2025
Net income
$130M
+36.7% on Q3 FY2025
Free cash flow
−$653M
−278.4% on Q3 FY2025
Diluted EPS
$0.27
+35.0% on Q3 FY2025
Revenue, TTM
$6.8B
trailing four quarters
Net margin, TTM
13.8%
net income $940M
Free cash flow, TTM
−$1.6B
$2.4B less $3.9B capex
Cash and equivalents
$58M
long-term debt —, Sep 30, 2026
Shares, 12-month change
+0.5%
480M shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$572M
2.7% of market value
Market value
$21.4B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 28, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, NiSource Inc. reported revenue of $1.3B, +4.7% on Q3 FY2025, and net income of $130M (+36.7%). Net income this quarter is driven by non-operating items: −$188M of other income against $340M of operating income, so it reflects gains or losses outside the operations. Operating margin was 26.2%. Free cash flow, operating cash flow less capital expenditures, was −$653M ($547M less $1.2B). Diluted earnings per share were $0.27.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 28, 2026.

Revenue and net incomeRevenueNet income
$0$1B$2B$3BQ4'22, Revenue: $1.7BQ4'22, Net income: $245MQ4'22Q1'23, Revenue: $1.9BQ1'23, Net income: $333MQ1'23Q2'23, Revenue: $1.1BQ2'23, Net income: $59MQ2'23Q3'23, Revenue: $1.0BQ3'23, Net income: $85MQ3'23Q4'23, Revenue: $1.4BQ4'23, Net income: $237MQ4'23Q1'24, Revenue: $1.6BQ1'24, Net income: $365MQ1'24Q2'24, Revenue: $1.1BQ2'24, Net income: $86MQ2'24Q3'24, Revenue: $1.0BQ3'24, Net income: $86MQ3'24Q4'24, Revenue: $1.5BQ4'24, Net income: $224MQ4'24Q1'25, Revenue: $2.1BQ1'25, Net income: $475MQ1'25Q2'25, Revenue: $1.2BQ2'25, Net income: $102MQ2'25Q3'25, Revenue: $1.2BQ3'25, Net income: $95MQ3'25Q4'25, Revenue: $1.9BQ4'25, Net income: $258MQ4'25Q1'26, Revenue: $2.3BQ1'26, Net income: $507MQ1'26Q2'26, Revenue: $1.3BQ2'26, Net income: $46MQ2'26Q3'26, Revenue: $1.3BQ3'26, Net income: $130MQ3'26$0$1B$2B$3BQ4'22, Revenue: $1.7BQ4'22, Net income: $245MQ1'23, Revenue: $1.9BQ1'23, Net income: $333MQ1'23Q2'23, Revenue: $1.1BQ2'23, Net income: $59MQ3'23, Revenue: $1.0BQ3'23, Net income: $85MQ3'23Q4'23, Revenue: $1.4BQ4'23, Net income: $237MQ1'24, Revenue: $1.6BQ1'24, Net income: $365MQ1'24Q2'24, Revenue: $1.1BQ2'24, Net income: $86MQ3'24, Revenue: $1.0BQ3'24, Net income: $86MQ3'24Q4'24, Revenue: $1.5BQ4'24, Net income: $224MQ1'25, Revenue: $2.1BQ1'25, Net income: $475MQ1'25Q2'25, Revenue: $1.2BQ2'25, Net income: $102MQ3'25, Revenue: $1.2BQ3'25, Net income: $95MQ3'25Q4'25, Revenue: $1.9BQ4'25, Net income: $258MQ1'26, Revenue: $2.3BQ1'26, Net income: $507MQ1'26Q2'26, Revenue: $1.3BQ2'26, Net income: $46MQ3'26, Revenue: $1.3BQ3'26, Net income: $130MQ3'26

Net income losses drawn in red.

Free cash flow
−$800M−$600M−$400M−$200M$0$200MQ4'22, Free cash flow: −$307MQ4'22Q1'23, Free cash flow: $126MQ1'23Q2'23, Free cash flow: −$97MQ2'23Q3'23, Free cash flow: −$379MQ3'23Q4'23, Free cash flow: −$361MQ4'23Q1'24, Free cash flow: −$133MQ1'24Q2'24, Free cash flow: −$184MQ2'24Q3'24, Free cash flow: −$295MQ3'24Q4'24, Free cash flow: −$220MQ4'24Q1'25, Free cash flow: $49MQ1'25Q2'25, Free cash flow: −$163MQ2'25Q3'25, Free cash flow: −$173MQ3'25Q4'25, Free cash flow: −$134MQ4'25Q1'26, Free cash flow: −$363MQ1'26Q2'26, Free cash flow: −$417MQ2'26Q3'26, Free cash flow: −$653MQ3'26−$800M−$600M−$400M−$200M$0$200MQ4'22, Free cash flow: −$307MQ1'23, Free cash flow: $126MQ1'23Q2'23, Free cash flow: −$97MQ3'23, Free cash flow: −$379MQ3'23Q4'23, Free cash flow: −$361MQ1'24, Free cash flow: −$133MQ1'24Q2'24, Free cash flow: −$184MQ3'24, Free cash flow: −$295MQ3'24Q4'24, Free cash flow: −$220MQ1'25, Free cash flow: $49MQ1'25Q2'25, Free cash flow: −$163MQ3'25, Free cash flow: −$173MQ3'25Q4'25, Free cash flow: −$134MQ1'26, Free cash flow: −$363MQ1'26Q2'26, Free cash flow: −$417MQ3'26, Free cash flow: −$653MQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$1B$2B$3BQ4'22, Cash and equivalents: $41MQ4'22Q1'23, Cash and equivalents: $106MQ1'23Q2'23, Cash and equivalents: $151MQ2'23Q3'23, Cash and equivalents: $56MQ3'23Q4'23, Cash and equivalents: $2.2BQ4'23Q1'24, Cash and equivalents: $102MQ1'24Q2'24, Cash and equivalents: $101MQ2'24Q3'24, Cash and equivalents: $126MQ3'24Q4'24, Cash and equivalents: $157MQ4'24Q1'25, Cash and equivalents: $259MQ1'25Q2'25, Cash and equivalents: $335MQ2'25Q3'25, Cash and equivalents: $95MQ3'25Q4'25, Cash and equivalents: $110MQ4'25Q1'26, Cash and equivalents: $72MQ1'26Q2'26, Cash and equivalents: $70MQ2'26Q3'26, Cash and equivalents: $58MQ3'26$0$1B$2B$3BQ4'22, Cash and equivalents: $41MQ1'23, Cash and equivalents: $106MQ1'23Q2'23, Cash and equivalents: $151MQ3'23, Cash and equivalents: $56MQ3'23Q4'23, Cash and equivalents: $2.2BQ1'24, Cash and equivalents: $102MQ1'24Q2'24, Cash and equivalents: $101MQ3'24, Cash and equivalents: $126MQ3'24Q4'24, Cash and equivalents: $157MQ1'25, Cash and equivalents: $259MQ1'25Q2'25, Cash and equivalents: $335MQ3'25, Cash and equivalents: $95MQ3'25Q4'25, Cash and equivalents: $110MQ1'26, Cash and equivalents: $72MQ1'26Q2'26, Cash and equivalents: $70MQ3'26, Cash and equivalents: $58MQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

NiSource Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 11, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue1,2991,2902,3221,8871,2401,2472,1501,540+4.7%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative—————————
Operating income340228819516298263759417+14.4%
Other income (expense)(188)(181)(177)(183)(170)(139)(127)(124)−10.8%
Pretax income—————————
Income tax13108654212410649−36.4%
Net income1304650725895102475224+36.7%
Diluted EPS ($)0.270.091.06—0.200.221.00—+35.0%
Diluted shares (millions)481481481—474472473——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

NiSource Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 11, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents58707211095335259157−39.5%
Short-term investments—————————
Total current assets2,3642,1992,4092,3771,8481,9992,1852,080+27.9%
Total assets38,86737,54436,60135,85934,40334,02933,10531,788+13.0%
Total current liabilities4,7704,4153,7273,4573,5333,4124,2424,113+35.0%
Long-term debt—————————
Total liabilities—————————
Stockholders’ equity9,5719,5759,6589,4509,1188,8838,8978,684+5.0%
Shares outstanding (millions)480480479479477471471470—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 28, 2026.

NiSource Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 28, 2026Q2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 11, 2026Q3 FY2025ended Sep 30, 2025filed Oct 29, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow547680442713468495686540+16.9%
Capital expenditures1,2001,097805846641658637760+87.3%
Free cash flow (CFO − capex)(653)(417)(363)(134)(173)(163)49(220)−278.4%
Depreciation and amortization338362288315307287259278+10.1%
Share repurchases—————————
Dividends paid144144149134132132132124+9.1%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 11, 2026.

Income statement

NiSource Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 11, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 22, 2023FY2021ended Dec 31, 2021filed Feb 23, 2022FY2020ended Dec 31, 2020filed Feb 17, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 20, 2019FY2017ended Dec 31, 2017filed Feb 20, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 18, 2016FY2014ended Dec 31, 2014filed Feb 18, 2015FY2013ended Dec 31, 2013filed Feb 18, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 24, 2012FY2010ended Dec 31, 2010filed Feb 28, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Revenue6,5235,2835,3485,7394,7314,4735,0534,9914,7304,3934,6525,2724,6255,0316,0196,3716,6518,880
Cost of revenue——————1,5351,7611,5191,3901,6442,3731,9631,5172,3042,9643,318—
Gross profit——————5,2095,1154,8754,4934,6522,9002,6623,5143,4483,4073,3333,247
Research and development——————————————————
Selling, general and administrative——————————————————
Operating income1,8351,4561,2961,2661,0075518911259218668007896981,040914892801919
Other income (expense)(619)(453)(482)(309)(300)(582)(384)(355)(478)(352)(460)(366)(368)(417)(438)(485)(405)(362)
Pretax income——————————————————
Income tax204158140165118(17)124(180)315182141167109215167130165186
Net income930760714804585(18)383(51)12933228753053241629928321879
Diluted EPS ($)1.951.621.481.701.27(0.19)0.87(0.18)0.391.020.901.671.701.391.031.010.790.29
Diluted shares (millions)475456448443417384376356331324320317314300288280276275

Balance sheet

NiSource Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 11, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 22, 2023FY2021ended Dec 31, 2021filed Feb 23, 2022FY2020ended Dec 31, 2020filed Feb 17, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 20, 2019FY2017ended Dec 31, 2017filed Feb 20, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 18, 2016FY2014ended Dec 31, 2014filed Feb 18, 2015FY2013ended Dec 31, 2013filed Feb 18, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 24, 2012FY2010ended Dec 31, 2010filed Feb 28, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Cash and equivalents1101572,24541841171391132926162527361291621
Short-term investments——————————————————
Total current assets2,3772,0804,4992,5841,9211,6591,8542,0551,7631,7621,5772,1942,1592,3682,2692,4262,224—
Total assets35,85931,78831,07726,73724,15722,04122,66021,80419,96218,69217,49324,59022,65421,84520,70819,91319,263—
Total current liabilities3,4574,1135,2654,6612,7462,2793,7464,0373,1783,4522,6583,9643,1783,3193,6463,6663,150—
Long-term debt——————————6,4288,4728,1897,3686,6325,970——
Total liabilities——————————————————
Stockholders’ equity9,4508,6848,2707,5756,9475,7525,9875,7514,3204,0713,8446,1755,8875,5544,9974,8984,8384,713
Shares outstanding (millions)479470448413405392382372337323320316314311282279——

Cash flow statement

NiSource Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 11, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 21, 2024FY2022ended Dec 31, 2022filed Feb 22, 2023FY2021ended Dec 31, 2021filed Feb 23, 2022FY2020ended Dec 31, 2020filed Feb 17, 2021FY2019ended Dec 31, 2019filed Feb 28, 2020FY2018ended Dec 31, 2018filed Feb 20, 2019FY2017ended Dec 31, 2017filed Feb 20, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 18, 2016FY2014ended Dec 31, 2014filed Feb 18, 2015FY2013ended Dec 31, 2013filed Feb 18, 2014FY2012ended Dec 31, 2012filed Feb 19, 2013FY2011ended Dec 31, 2011filed Feb 24, 2012FY2010ended Dec 31, 2010filed Feb 28, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Operating cash flow2,3621,7821,9351,4091,2181,1041,5835407428031,4571,3201,4371,2768707251,666585
Capital expenditures2,7822,6142,6462,2031,8381,7581,8021,8181,6961,4751,3611,2831,2051,4991,1238017771,300
Free cash flow (CFO − capex)(420)(832)(711)(794)(620)(654)(219)(1,278)(954)(672)9637232(223)(252)(76)889(715)
Depreciation and amortization1,1681,043908821748726717600570547524487470562536595589567
Share repurchases—————004792010810323—
Dividends paid530481414382345322299273229206263321306273258256253252

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$2M
1 sales by 1 insider; officers and directors $2M
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$5M
8 sales by 6 insiders; officers and directors $5M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Aug 14, 2026Birmingham MelodyEVP & Grp President, Utilitiesopen-market sale37,509$42.40$2M78,527Aug 18, 2026
Jul 13, 2026Jesanis Michael EDirectorother30,190$0.00—52,701Jul 15, 2026
May 22, 2026Berman Melanie B.EVP Administration & CHROopen-market sale15,000$47.68$715K35,990May 27, 2026
May 21, 2026Yates Lloyd MDirector and President & CEO, Directoropen-market sale19,905$47.73$950K519,557May 26, 2026
May 20, 2026Birmingham MelodyEVP & Grp President, Utilitiesopen-market sale2,500$47.43$119K116,036May 21, 2026
May 14, 2026Birmingham MelodyEVP & Grp President, Utilitiesopen-market sale10,000$47.19$472K117,899May 21, 2026
May 11, 2026Lee Cassandra S.Directoraward3,807$47.03$179K28,974May 13, 2026
May 11, 2026McAvoy JohnDirectoraward3,807$47.03$179K15,777May 13, 2026
May 11, 2026Kabat Kevin TDirectoraward3,807$47.03$179K66,456May 13, 2026
May 11, 2026Johnson William DDirectoraward3,807$47.03$179K28,431May 13, 2026
May 11, 2026Jesanis Michael EDirectoraward3,807$47.03$179K22,482May 13, 2026
May 11, 2026Hersman DeborahDirectoraward3,807$47.03$179K47,200May 13, 2026
May 11, 2026Henretta Deborah ADirectoraward3,807$47.03$179K77,152May 13, 2026
May 11, 2026Butler Eric LDirectoraward3,807$47.03$179K67,692May 13, 2026
May 11, 2026Bunting Theodore H JRDirectoraward3,807$47.03$179K49,932May 13, 2026
May 11, 2026Barbour Sondra LDirectoraward3,807$47.03$179K29,197May 13, 2026
May 11, 2026Altabef PeterDirectoraward3,807$47.03$179K56,615May 13, 2026
Feb 27, 2026Yates Lloyd MDirector and President & CEO, Directortax withholding117,285$47.30$6M554,725Mar 3, 2026
Feb 27, 2026Yates Lloyd MDirector and President & CEO, Directoraward275,962$47.30$13M672,010Mar 3, 2026
Feb 27, 2026Yates Lloyd MDirector and President & CEO, Directortax withholding15,433$47.30$730K539,292Mar 3, 2026
Feb 27, 2026Luhrs MichaelEVP, Tech, Customer & CCOtax withholding3,628$47.30$172K120,178Mar 3, 2026
Feb 27, 2026Luhrs MichaelEVP, Tech, Customer & CCOtax withholding27,569$47.30$1M123,806Mar 3, 2026
Feb 27, 2026Luhrs MichaelEVP, Tech, Customer & CCOaward61,811$47.30$3M151,375Mar 3, 2026
Feb 27, 2026Jefferson William Jr.EVP, Chief Op & Safety Officeraward60,623$47.30$3M127,357Mar 3, 2026
Feb 27, 2026Jefferson William Jr.EVP, Chief Op & Safety Officertax withholding25,504$47.30$1M101,853Mar 3, 2026

Full insider history for NiSource Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
NiSource Inc., CIK 1111711 on EDGAR
Extract generated
November 1, 2026
Withheld
8 line-years whose four quarters do not sum to the filed year: operating income FY2013, revenue FY2013, depreciation amortization FY2014, cost of revenue FY2014, gross profit FY2014, income tax FY2014, revenue FY2016, revenue FY2017
Repaired
3 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: income tax FY2013, revenue FY2024, revenue FY2025
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax, Revenues, SalesRevenueNet
Cost of revenue: CostOfRevenue
Gross profit: GrossProfit
Research and development: not filed
Selling, general and administrative: not filed
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense
Pretax income: not filed
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebt
Total liabilities: not filed
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/NI.json