NiSource income statement
In fiscal 2025, NiSource reported revenue of $6.52bn, up 23.5% on the year before, operating income of $1.84bn (a 28.1% margin) and net income of $930m, or $1.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,652 | 6,371 | 5,751 | 5,031 | 4,625 | 5,272 | 4,652 | 4,493 | 4,875 | 4,991 | 5,053 | 4,473 | 4,731 | 5,739 | 5,348 | 5,283 | 6,523 | 6,798 |
| Cost of revenue | 3,318 | 2,964 | 2,304 | 1,517 | 1,963 | 2,373 | 1,644 | 1,390 | 1,519 | 1,761 | 1,535 | — | — | — | — | — | — | — |
| Gross profit | 3,334 | 3,407 | 3,448 | 3,514 | 2,662 | 2,900 | 4,652 | 4,493 | 4,875 | 5,115 | 5,209 | — | — | — | — | — | — | — |
| Operating income | 800 | 892 | 914 | 1,040 | 698 | 789 | 800 | 866 | 921 | 125 | 891 | 551 | 1,007 | 1,266 | 1,296 | 1,456 | 1,835 | 1,903 |
| Interest expense | 399 | 392 | 377 | 418 | 375 | 380 | 380 | 350 | 353 | 353 | 379 | 371 | 341 | 362 | 490 | 517 | 639 | 789 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | 55 | 7 | 36 | 40 | 39 | 67 | — |
| Income tax | 165 | 130 | 167 | 215 | 109 | 167 | 141 | 182 | 315 | −180 | 124 | −17 | 118 | 165 | 140 | 158 | 204 | 163 |
| Net income | 217 | 283 | 299 | 416 | 532 | 530 | 287 | 332 | 129 | −51 | 383 | −18 | 585 | 804 | 714 | 760 | 930 | 940 |
| Diluted EPS | $0.78 | $1.01 | $1.03 | $1.39 | $1.70 | $1.67 | $0.90 | $1.02 | $0.39 | −$0.18 | $0.87 | −$0.19 | $1.27 | $1.70 | $1.48 | $1.62 | $1.95 | $1.96 |
| Diluted shares (average) | 276m | 280m | 288m | 300m | 314m | 317m | 320m | 324m | 331m | 356m | 376m | 384m | 417m | 443m | 448m | 456m | 475m | 481m |
| EBITDA | 1,390 | 1,487 | 1,450 | 1,602 | 1,169 | 1,276 | 1,324 | 1,413 | 1,492 | 724 | 1,608 | 1,277 | 1,755 | 2,087 | 2,204 | 2,499 | 3,003 | 3,207 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,416 | 2,150 | 1,247 | 1,240 | 1,887 | 2,322 | 1,290 | 1,299 |
| Operating income | 417 | 759 | 263 | 298 | 516 | 819 | 228 | 340 |
| Interest expense | 137 | 133 | 139 | 180 | 187 | 192 | 199 | 211 |
| Income tax | 49 | 106 | 24 | 21 | 54 | 86 | 10 | 13 |
| Net income | 224 | 475 | 102 | 95 | 258 | 507 | 46 | 130 |
| Diluted EPS | $0.48 | $1.00 | $0.22 | $0.20 | $0.53 | $1.06 | $0.09 | $0.27 |
| EBITDA | 695 | 1,018 | 550 | 604 | 831 | 1,108 | 590 | 678 |
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