Nisource Inc. (NI)
Nisource Inc. brought in $11.4B of revenue over the twelve months to September 30, 2026, up 15.3% from a year earlier. In fiscal 2025 capital spending exceeded operating cash flow by $420M. At September 30, 2026 it held $57.5M in cash against $17.5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.
Key facts about Nisource Inc.
- Net worth
- Nisource Inc. has a market value (market cap) of $21.7B at the latest share price, and shareholders' equity of $9.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $6.5B (+23.5% year on year), with net income of $929.5M.
- Cash flow
- In fiscal 2025 operations brought in $2.4B of cash; after $2.8B of capital spending, free cash flow was -$420M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Nisource Inc.'s next report is expected around February 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Nisource Inc. declared dividends of $1.12 per share in fiscal 2025, a yield of 2.47% at the current price.
What Nisource Inc. does
Nisource Inc. is registered with the SEC under industry code SIC 4931 (Electric & Other Services Combined). Its shares trade on NYSE under the ticker NI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $6.5B | $929.5M | $1.95 | -$420M |
| 2024 | $5.3B | $760.4M | $1.62 | -$832.5M |
| 2023 | $5.3B | $714.3M | $1.48 | -$710.7M |
| 2022 | $5.7B | $804.1M | $1.70 | -$793.7M |
| 2021 | $4.7B | $584.9M | $1.27 | -$620.1M |
| 2020 | $4.5B | -$17.6M | -$0.19 | -$654.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NI ranks in Utilities
Dividends
Nisource Inc. declared $1.12 per share in fiscal 2025. At the current price that is a yield of 2.47%. It paid out $530.4M in cash dividends, 57% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.12 | $530.4M | 57% |
| 2024 | $1.06 | $481M | 63% |
| 2023 | $1.00 | $413.5M | 58% |
| 2022 | $0.94 | $381.5M | 47% |
| 2021 | $0.88 | $345.2M | 59% |
| 2020 | $0.84 | $321.6M | n/a |
Latest SEC filings
What Nisource Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Other event 8-K
- October 28, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.7% to $1.3B versus the same quarter last year; diluted EPS $0.27 versus $0.20.
- October 28, 2026
- October 16, 2026New debt 8-K
- August 18, 2026Other event 8-K
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 3.4% to $1.3B versus the same quarter last year; diluted EPS $0.09 versus $0.22.
- August 5, 2026
- June 18, 2026
- May 18, 2026Other event 8-K
Insider trades
What the people running Nisource Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $4M worth of shares in the last 90 days and bought none on the open market. 15% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Anderson ShawnEVP & CFO | Soldpre-planned (10b5-1) | 6,500 | $296.3K |
| October 30, 2026 | Jefferson William Jr.EVP, Chief Op & Safety Officer | Sold | 40,000 | $1.8M |
| October 30, 2026 | Anderson ShawnEVP & CFO | Soldpre-planned (10b5-1) | 6,500 | $292.5K |
| August 14, 2026 | Birmingham MelodyEVP & Grp President, Utilities | Sold | 37,509 | $1.6M |
| July 13, 2026 | Jesanis Michael EDirector | Other change | 30,190 | - |
| May 22, 2026 | Berman Melanie B.EVP Administration & CHRO | Sold | 15,000 | $715.2K |
| May 21, 2026 | Yates Lloyd MDirector and President & CEO, Director | Sold | 19,905 | $950.1K |
| May 20, 2026 | Birmingham MelodyEVP & Grp President, Utilities | Sold | 2,500 | $118.6K |
Who owns NI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.55% | April 30, 2026 |
| T. Rowe Price Investment Management, Inc.13G, passive | 6.2% | August 14, 2026 |
| Vanguard Portfolio Management13G, passive | 5.64% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 913 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 54,957,602 | +3,482,756 |
| Vanguard Capital Management LLC | 31,351,094 | +208,299 |
| State Street Corp | 27,622,784 | +520,362 |
| Vanguard Portfolio Management LLC | 27,067,956 | +87,001 |
| Geode Capital Management, LLC | 12,920,034 | +306,858 |
| Deutsche Bank AG\ | 12,077,706 | +359,630 |
| Fmr LLC | 10,170,078 | +945,925 |
| Jennison Associates LLC | 9,235,389 | +13,829 |
| Invesco Ltd. | 7,790,163 | -1,464 |
| Norges Bank | 7,789,733 | new |
| Jpmorgan Chase & Co | 6,963,215 | -1,600,418 |
| Franklin Resources Inc | 5,927,229 | -59,160 |
| Morgan Stanley | 5,583,433 | +102,050 |
| Newport Trust Company, LLC | 5,416,323 | -180,909 |
| Pictet Asset Management Holding SA | 5,001,382 | +189,458 |
| Charles Schwab Investment Management Inc | 4,515,728 | +43,097 |
| Soroban Capital Partners LP | 4,493,353 | 0 |
| Northern Trust Corp | 4,422,988 | +168,057 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 4,381,989 | +183,321 |
| Goldman Sachs Group Inc | 4,346,417 | +455,734 |
Insiders
19 insiders reported holding 1,582,168 shares in total, about $71.7M at the last price.
| Holder | Shares |
|---|---|
| Yates Lloyd MDirector and President & CEO, Director | 519,557 |
| Anderson ShawnEVP & CFO | 153,580 |
| Luhrs MichaelEVP, Tech, Customer & CCO | 120,178 |
| Birmingham MelodyEVP & Grp President, Utilities | 78,527 |
| Henretta Deborah ADirector | 77,152 |
| Butler Eric LDirector | 67,692 |
| Kabat Kevin TDirector | 66,456 |
| Cuccia Kimberly SEVP, GC & Corporate Secretary | 62,726 |
| Jefferson William Jr.EVP, Chief Op & Safety Officer | 58,375 |
| Altabef PeterDirector | 56,615 |
Questions about NI
What does Nisource Inc. do?
Nisource Inc. is a company in the Utilities sector, listed on NYSE as NI. Its shares trade on NYSE under the ticker NI.
What is Nisource Inc.'s net worth?
Nisource Inc. has a market value (market cap) of $21.7B at the latest share price, and shareholders' equity of $9.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
How much revenue does Nisource Inc. make?
Over the twelve months to September 30, 2026 Nisource Inc. reported revenue of $11.4B. That is 15.3% more than a year earlier.
When did Nisource Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the other event from November 9, 2026.
When is Nisource Inc.'s next earnings report?
Nisource Inc.'s next report is expected around February 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Nisource Inc. pay a dividend?
Yes. Nisource Inc. declared dividends of $1.12 per share in fiscal 2025, a yield of 2.47% at the current price.
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Where the numbers come from
Financial figures are the values Nisource Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.