NISOURCE INC.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Consolidated Stockholders' Equity
| (in millions) | CommonStock | Preferred Stock(1) | TreasuryStock | AdditionalPaid-InCapital | Retained Deficit | AccumulatedOtherComprehensiveLoss | Noncontrolling Interest in Consolidated Subsidiaries | Total |
|---|---|---|---|---|---|---|---|---|
| Balance as of December 31, 2022 | $4.2 | $1,546.5 | $(99.9) | $7,375.3 | $(1,213.6) | $(37.1) | $326.4 | $7,901.8 |
| Comprehensive Income: | ||||||||
| Net Income (Loss) | — | — | — | — | 714.3 | — | (39.9) | 674.4 |
| Other comprehensive income, net of tax | — | — | — | — | — | 3.5 | — | 3.5 |
| Dividends: | ||||||||
| Common stock ($1.00 per share) | — | — | — | — | (414.1) | — | — | (414.1) |
| Preferred stock (See Note 6) | — | — | — | — | (43.8) | — | — | (43.8) |
| Noncontrolling Interests: | ||||||||
| Issuance of noncontrolling interests(2) | — | — | — | 809.6 | — | — | 1,361.1 | 2,170.7 |
| Contributions from noncontrolling interest (3) | — | — | — | — | — | — | 233.2 | 233.2 |
| Distributions to noncontrolling interest | — | — | — | — | — | — | (14.1) | (14.1) |
| Stock issuances (redemptions): | ||||||||
| Equity Units | 0.3 | (666.5) | — | 666.2 | — | — | — | — |
| Series A Preferred stock redemption | — | (393.9) | — | — | — | — | — | (393.9) |
| Series A Preferred stock redemption premium | — | — | — | — | (9.8) | — | — | (9.8) |
| Employee stock purchase plan | — | — | — | 5.9 | — | — | — | 5.9 |
| Long-term incentive plan | — | — | — | 12.6 | — | — | — | 12.6 |
| 401(k) and profit sharing | — | — | — | 9.9 | — | — | — | 9.9 |
| Balance as of December 31, 2023 | $4.5 | $486.1 | $(99.9) | $8,879.5 | $(967.0) | $(33.6) | $1,866.7 | $10,136.3 |
| Comprehensive Income: | ||||||||
| Net Income | — | — | — | — | 760.4 | — | 84.3 | 844.7 |
| Other comprehensive income, net of tax | — | — | — | — | — | 3.2 | — | 3.2 |
| Dividends: | ||||||||
| Common stock ($1.06 per share) | — | — | — | — | (483.0) | — | — | (483.0) |
| Preferred stock (See Note 6) | — | — | — | — | (8.1) | — | — | (8.1) |
| Noncontrolling Interests: | ||||||||
| Contributions from noncontrolling interest(3) | — | — | — | — | — | — | 99.5 | 99.5 |
| Distributions to noncontrolling interest | — | — | — | — | — | — | (66.4) | (66.4) |
| 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 | — | — | — | 6.4 | — | — | — | 6.4 |
| Long-term incentive plan | — | — | — | 26.6 | — | — | — | 26.6 |
| 401(k) and profit sharing | — | — | — | 9.2 | — | — | — | 9.2 |
| ATM Program | 0.2 | — | — | 599.8 | — | — | — | 600.0 |
| Balance as of December 31, 2024 | $4.7 | $— | $(99.9) | $9,521.5 | $(711.7) | $(30.4) | $1,984.1 | $10,668.3 |
| Comprehensive Income: | ||||||||
| Net Income | — | — | — | — | 929.5 | — | 83.1 | 1,012.6 |
| Other comprehensive income, net of tax | — | — | — | — | — | 24.2 | — | 24.2 |
| Dividends: | ||||||||
| Common stock ($1.12 per share) | — | — | — | — | (533.0) | — | — | (533.0) |
| Noncontrolling Interests: | ||||||||
| Contributions from noncontrolling interest(3) | — | — | — | — | — | — | 231.4 | 231.4 |
| Distributions to noncontrolling interests | — | — | — | — | — | — | (88.8) | (88.8) |
| Stock issuances (redemptions): | ||||||||
| Employee stock purchase plan | — | — | — | 7.4 | — | — | — | 7.4 |
| Long-term incentive plan | — | — | — | 30.2 | — | — | — | 30.2 |
| 401(k) and profit sharing | — | — | — | 9.4 | — | — | — | 9.4 |
| ATM Program | 0.1 | — | — | 298.1 | — | — | — | 298.2 |
| Balance as of December 31, 2025 | $4.8 | $— | $(99.9) | $9,866.6 | $(315.2) | $(6.2) | $2,209.8 | $11,659.9 |
(1)Series A, Series B and Series C shares had an aggregate liquidation preference of $400 M, $500 M and $863 M, respectively.
(2) Relates to the NIPSCO Minority Interest Transaction. See Note 4, "Noncontrolling Interests," for additional discussion.
(3)Contributions from NIPSCO and GenCo (starting in 2025) minority interest holders included in noncontrolling interest is net of transaction costs.
STATEMENTS OF CONSOLIDATED STOCKHOLDERS’ EQUITY (continued)
| Preferred · Common | ||||
|---|---|---|---|---|
| (in thousands) | Shares | Shares | Treasury | Outstanding |
| Balance as of December 31, 2022 | 1,303 | 416,106 | (3,963) | 412,143 |
| Issued: | ||||
| Employee stock purchase plan | — | 216 | — | 216 |
| Long-term incentive plan | — | 758 | — | 758 |
| 401(k) and profit sharing plan | — | 366 | — | 366 |
| Equity Units(1) | — | 33,899 | — | 33,899 |
| Redeemed: | ||||
| Equity Units(1) | (863) | — | — | — |
| Series A Preferred Stock | (400) | — | — | — |
| Balance as of December 31, 2023 | 40 | 451,345 | (3,963) | 447,382 |
| Issued: | ||||
| Employee stock purchase plan | — | 218 | — | 218 |
| Long-term incentive plan | — | 769 | — | 769 |
| 401(k) and profit sharing plan | — | 309 | — | 309 |
| ATM Program | — | 21,144 | — | 21,144 |
| Redeemed: | ||||
| Series B and B-1 Preferred Stock | (40) | — | — | — |
| Balance as of December 31, 2024 | — | 473,785 | (3,963) | 469,822 |
| Issued: | ||||
| Employee stock purchase plan | — | 186 | — | 186 |
| Long-term incentive plan | — | 772 | — | 772 |
| 401(k) and profit sharing plan | — | 231 | — | 231 |
| ATM Program | — | 7,421 | — | 7,421 |
| Balance as of December 31, 2025 | — | 482,395 | (3,963) | 478,432 |
(1)See Note 6, "Equity," for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.