NISOURCE INC.

For the period ended Jun 30, 2025. Filed Aug 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 6, 2025

NI$45.29+0.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Statements of Consolidated Equity (unaudited)

(in millions)	CommonStock	Preferred Stock	TreasuryStock	AdditionalPaid-InCapital	RetainedDeficit	AccumulatedOtherComprehensiveLoss	Noncontrolling Interest in Consolidated Subsidiaries	Total
Balance as of April 1, 2025	$4.7	$—	$(99.9)	$9,522.6	$(501.4)	$(29.2)	$2,049.2	$10,946.0
Comprehensive Income:
Net income (loss)	—	—	—	—	102.2	—	(1.7)	100.5
Other comprehensive gain, net of tax	—	—	—	—	—	1.0	—	1.0
Dividends:
Common stock ($0.280 per share)	—	—	—	—	(132.9)	—	—	(132.9)
Noncontrolling Interests:
Contributions from noncontrolling interests	—	—	—	—	—	—	99.5	99.5
Distributions to noncontrolling interests	—	—	—	—	—	—	(32.6)	(32.6)
Stock issuances:
Employee stock purchase plan	—	—	—	1.9	—	—	—	1.9
Long-term incentive plan	—	—	—	11.4	—	—	—	11.4
401(k) and profit sharing	—	—	—	2.1	—	—	—	2.1
Balance as of June 30, 2025	$4.7	$—	$(99.9)	$9,538.0	$(532.1)	$(28.2)	$2,114.4	$10,996.9
(in millions)	CommonStock	Preferred Stock	TreasuryStock	AdditionalPaid-InCapital	RetainedDeficit	AccumulatedOtherComprehensiveLoss	Noncontrolling Interest in Consolidated Subsidiaries	Total
Balance as of January 1, 2025	$4.7	$—	$(99.9)	$9,521.5	$(711.7)	$(30.4)	$1,984.1	$10,668.3
Comprehensive Income:
Net income	—	—	—	—	577.0	—	50.2	627.2
Other comprehensive gain, net of tax	—	—	—	—	—	2.2	—	2.2
Dividends:
Common stock ($0.840 per share)	—	—	—	—	(397.4)	—	—	(397.4)
Noncontrolling Interests:
Contributions from noncontrolling interests	—	—	—	—	—	—	134.3	134.3
Distributions to noncontrolling interests	—	—	—	—	—	—	(54.2)	(54.2)
Stock issuances:
Employee stock purchase plan	—	—	—	3.6	—	—	—	3.6
Long-term incentive plan	—	—	—	8.1	—	—	—	8.1
401(k) and profit sharing	—	—	—	4.8	—	—	—	4.8
Balance as of June 30, 2025	$4.7	$—	$(99.9)	$9,538.0	$(532.1)	$(28.2)	$2,114.4	$10,996.9

(in millions)	CommonStock	Preferred Stock	TreasuryStock	AdditionalPaid-InCapital	RetainedDeficit	AccumulatedOtherComprehensiveLoss	Noncontrolling Interest in Consolidated Subsidiaries	Total
Balance as of April 1, 2024	$4.5	$—	$(99.9)	$8,886.8	$(861.7)	$(33.8)	$1,899.0	$9,794.9
Comprehensive Income:
Net income	—	—	—	—	85.8	—	17.3	103.1
Other comprehensive gain, net of tax	—	—	—	—	—	0.2	—	0.2
Dividends:
Common stock ($0.265 per share)	—	—	—	—	(120.3)	—	—	(120.3)
Noncontrolling Interests:
Contributions from noncontrolling interests	—	—	—	—	—	—	59.7	59.7
Distributions to noncontrolling interest	—	—	—	—	—	—	(25.4)	(25.4)
Stock issuances:
Employee stock purchase plan	—	—	—	1.6	—	—	—	1.6
Long-term incentive plan	—	—	—	3.6	—	—	—	3.6
401(k) and profit sharing	—	—	—	2.2	—	—	—	2.2
Balance as of June 30, 2024	$4.5	$—	$(99.9)	$8,894.2	$(896.2)	$(33.6)	$1,950.6	$9,819.6
(in millions)	CommonStock	Preferred Stock	TreasuryStock	AdditionalPaid-InCapital	RetainedDeficit	AccumulatedOtherComprehensiveLoss	Noncontrolling Interest in Consolidated Subsidiaries	Total
Balance as of January 1, 2024	$4.5	$486.1	$(99.9)	$8,879.5	$(967.0)	$(33.6)	$1,866.7	$10,136.3
Comprehensive Income:
Net income	—	—	—	—	450.8	—	52.6	503.4
Dividends:
Common stock ($0.795 per share)	—	—	—	—	(357.9)	—	—	(357.9)
Preferred stock (See Note 6)	—	—	—	—	(8.1)	—	—	(8.1)
Noncontrolling Interests:
Contributions from noncontrolling interests	—	—	—	—	—	—	59.7	59.7
Distributions to noncontrolling interest	—	—	—	—	—	—	(28.4)	(28.4)
Stock issuances (redemptions):
Series B and B-1 Preferred stock redemption	—	(486.1)	—	—	—	—	—	(486.1)
Series B and B-1 Preferred stock redemption premium	—	—	—	—	(14.0)	—	—	(14.0)
Employee stock purchase plan	—	—	—	3.0	—	—	—	3.0
Long-term incentive plan	—	—	—	6.9	—	—	—	6.9
401(k) and profit sharing	—	—	—	4.8	—	—	—	4.8
Balance as of June 30, 2024	$4.5	$—	$(99.9)	$8,894.2	$(896.2)	$(33.6)	$1,950.6	$9,819.6

Condensed Statements of Consolidated Equity (unaudited) (continued)

Preferred · Common
Shares (in thousands)	Shares	Shares	Treasury	Outstanding
Balance as of April 1, 2025	—	474,581	(3,963)	470,618
Issued:
Employee stock purchase plan	—	48	—	48
Long-term incentive plan	—	62	—	62
401(k) and profit sharing	—	56	—	56
Balance as of June 30, 2025	—	474,747	(3,963)	470,784
Preferred · Common
Shares (in thousands)	Shares	Shares	Treasury	Outstanding
Balance as of January 1, 2025	—	473,785	(3,963)	469,822
Issued:
Employee stock purchase plan	—	94	—	94
Long-term incentive plan	—	744	—	744
401(k) and profit sharing	—	124	—	124
Balance as of June 30, 2025	—	474,747	(3,963)	470,784
Preferred · Common
Shares (in thousands)	Shares	Shares	Treasury	Outstanding
Balance as of April 1, 2024	—	452,161	(3,963)	448,198
Issued:
Employee stock purchase plan	—	58	—	58
Long-term incentive plan	—	66	—	66
401(k) and profit sharing	—	77	—	77
Balance as of June 30, 2024	—	452,362	(3,963)	448,399
Preferred · Common
Shares (in thousands)	Shares	Shares	Treasury	Outstanding
Balance as of January 1, 2024	40	451,345	(3,963)	447,382
Issued:
Employee stock purchase plan	—	111	—	111
Long-term incentive plan	—	729	—	729
401(k) and profit sharing	—	177	—	177
Redeemed:
Series B and B-1 Preferred Stock	(40)	—	—	—
Balance as of June 30, 2024	—	452,362	(3,963)	448,399

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.