Financial insights of NI

MyFinsight

For the year ending 2025-12-31, NI made $6,522,800K in revenue. $929,500K in net income. Net profit margin of 14.25%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Customer revenues	6,522,800	5,282,900	-	5,738,600
Other revenues	119,400	172,200	-	112,000
Total operating revenues	6,642,200	5,455,100	-	5,850,600
Cost of energy	1,584,400	1,132,200	-	2,110,500
Operation and maintenance	1,710,200	1,515,200	-	1,489,400
Depreciation and amortization	1,167,600	1,043,200	-	820,800
Loss on impairment of assets	700	6,100	-	-
Loss (gain) on sale of assets, net	100	-2,900	-	-104,200
Other taxes	344,100	300,000	-	268,300
Total operating expenses	4,806,900	3,999,600	-	4,584,800
Operating income	1,835,300	1,455,500	-	1,265,800
Interest expense, net	639,000	517,200	-	361,600
Other, net	20,100	64,500	-	52,200
Loss on early extinguishment of long-term debt	-	-	-	0
Total other deductions, net	-618,900	-452,700	-	-309,400
Income before income taxes	1,216,400	1,002,800	-	956,400
Income taxes	203,800	158,100	-	164,600
Net income	1,012,600	844,700	-	791,800
Net income (loss) attributable to noncontrolling interest	83,100	84,300	-	-12,300
Net income attributable to nisource	929,500	760,400	714,300	804,100
Preferred dividends	0	6,700	42,800	55,100
Preferred stock redemption premium	-	-	9,800	-
Preferred redemption premium	0	14,000	-	-
Net income available to common shareholders	929,500	739,700	661,700	749,000

Average common shares outstanding - basic	472,900,000	454,200,000	416,100,000	407,100,000
Basic earnings per share	1.96	1.63	1.59	1.84
Diluted average common shares	474,500,000	456,000,000	447,900,000	442,700,000
Diluted earnings per share	1.95	1.62	1.48	1.7