NISOURCE INC.

For the period ended Dec 31, 2025. Filed Feb 11, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 11, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Statements of Consolidated Income

Year Ended December 31, (in millions, except per share amounts)	2025	2024	2023
Operating Revenues
Customer revenues	$6,522.8	$5,282.9	$5,347.8
Other revenues	119.4	172.2	157.6
Total Operating Revenues	6,642.2	5,455.1	5,505.4
Operating Expenses
Cost of energy	1,584.4	1,132.2	1,533.3
Operation and maintenance	1,710.2	1,515.2	1,494.9
Depreciation and amortization	1,167.6	1,043.2	908.2
Loss on impairment of assets	0.7	6.1	—
Loss (gain) on sale of assets, net	(0.1)	2.9	2.9
Other taxes	344.1	300.0	270.6
Total Operating Expenses	4,806.9	3,999.6	4,209.9
Operating Income	1,835.3	1,455.5	1,295.5
Other Income (Deductions)
Interest expense, net	(639.0)	(517.2)	(489.6)
Other, net	20.1	64.5	8.0
Total Other Deductions, Net	(618.9)	(452.7)	(481.6)
Income before Income Taxes	1,216.4	1,002.8	813.9
Income Taxes	203.8	158.1	139.5
Net Income	1,012.6	844.7	674.4
Net income (loss) attributable to noncontrolling interest	83.1	84.3	(39.9)
Net Income attributable to NiSource	929.5	760.4	714.3
Preferred dividends	—	(6.7)	(42.8)
Preferred redemption premium	—	(14.0)	(9.8)
Net Income Available to Common Shareholders	$929.5	$739.7	$661.7
Earnings Per Share
Basic Earnings Per Share	$1.96	$1.63	$1.59
Diluted Earnings Per Share	$1.95	$1.62	$1.48
Basic Average Common Shares Outstanding	472.9	454.2	416.1
Diluted Average Common Shares	474.5	456.0	447.9

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.