$NI

NISOURCE INC/DE

CIK:0001111711|SEC Filings

Statements of Consolidated Comprehensive Income (Loss) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Net Income

$ 36.9

$ 100.5

$ 593.1

$ 627.2

Other comprehensive (loss) income:

Net unrealized loss on available-for-sale securities

^[1]

0.7

1.0

(0.5)

1.8

Net unrealized gain (loss) on cash flow hedges

(0.1)

(0.2)

Unrecognized pension and OPEB benefit (costs)

^[2]

(0.9)

0.1

(2.6)

0.6

Total other comprehensive (loss) income

(0.3)

1.0

(3.3)

2.2

Comprehensive Income

$ 36.6

$ 101.5

$ 589.8

$ 629.4

[1]

Net unrealized (loss) gain on available-for-sale debt securities, net of zero tax benefit and $0.3 million tax expense in the second quarter of 2026 and 2025, respectively, and $0.3 million of tax benefit and $0.5 million of tax expense for the six months ended 2026 and 2025, respectively.

(2)Reclassification adjustment for cash flow hedges, net of $0.1 million tax benefit in the second quarter and six months ended 2026 and 2025, respectively.

[2]

Unrecognized pension and OPEB benefit (cost), net of $0.1 million tax benefit and $0.1 million tax expense in the second quarter of 2026 and 2025, respectively, and $1.4 million of tax expense and $0.2 million of tax expense for the six months ended 2026 and 2025, respectively.

Statements of Consolidated Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net Income	$ 593.1	$ 627.2
Adjustments to Reconcile Net Income to Net Cash from Operating Activities:
Depreciation and amortization	650.5	545.3
Deferred income taxes and investment tax credits	107.6	120.4
Loss on sale of assets	0.0	0.8
Payments for asset retirement obligations	(12.1)	(31.3)
Other adjustments	38.2	22.3
Changes in Assets and Liabilities:
Components of working capital(1)	(272.0)	(64.8)
Regulatory assets/liabilities	(56.1)	(23.7)
Deferred charges and other noncurrent assets	18.0	(14.9)
Other noncurrent liabilities and deferred credits and charges	55.5	0.5
Net Cash Flows from Operating Activities	1,122.7	1,181.8
Investing Activities
Capital expenditures	(1,902.6)	(1,295.5)
Payment to renewable generation asset developer	0.0	(958.0)
Advanced deposits	(92.1)	(160.9)
Other investing activities	(112.1)	(151.9)
Net Cash Flows used for Investing Activities	(2,106.8)	(2,566.3)
Financing Activities
Proceeds from issuance of long-term debt	1,239.7	2,362.0
Repayments of finance lease obligations	(10.4)	(10.9)
Net change in commercial paper and other short-term borrowings	(44.0)	(604.6)
Issuance of common stock, net of issuance costs	7.0	6.8
Equity costs, premiums and other debt related costs	(24.7)	(17.7)
Contributions from NIPSCO and GenCo minority interest holders	124.5	134.3
Distributions to tax equity partners	(8.0)	(9.8)
Distribution to NIPSCO minority interest holders	(47.0)	(44.4)
Dividends paid - common stock	(293.3)	(264.2)
Net Cash Flows from Financing Activities	943.8	1,551.5
Change in cash, cash equivalents and restricted cash	(40.3)	167.0
Cash, cash equivalents and restricted cash at beginning of period	135.7	198.6
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 95.4	$ 365.6

Statements of Consolidated Balance Sheets - USD ($)
$ in Millions

Jun. 30, 2026

Dec. 31, 2025

Property, Plant and Equipment

Plant

$ 40,300.8

$ 38,058.8

Accumulated depreciation and amortization

(9,779.5)

(9,370.6)

Net Property, Plant and Equipment

^[1]

30,521.3

28,688.2

Investments and Other Assets

Unconsolidated affiliates

8.2

8.1

Available-for-sale debt securities (amortized cost of $164.6 and $145.8, respectively)

163.3

146.1

Other investments

121.5

118.6

Total Investments and Other Assets

293.0

272.8

Current Assets

Cash and cash equivalents

70.0

110.1

Restricted Cash

25.4

25.6

Accounts receivable

886.7

1,238.1

Allowance for credit losses

(40.2)

(40.6)

Accounts receivable, net

846.5

1,197.5

Gas storage

173.6

252.0

Materials and supplies, at average cost

212.4

189.0

Electric production fuel, at average cost

22.4

8.5

Exchange gas receivable

37.9

66.0

Regulatory assets

400.0

274.2

Income Taxes Receivable

7.6

15.7

Prepayments and other

157.5

89.3

Total Current Assets

^[1]

2,199.4

2,377.2

Other Assets

Regulatory assets

2,360.8

2,225.2

Goodwill

1,485.9

Deferred charges and other

683.2

809.4

Total Other Assets

4,529.9

4,520.5

Total Assets

37,543.6

35,858.7

Stockholders' Equity

Common stock - $0.01 par value,750,000,000 shares authorized; 479,498,053 and 478,432,058 shares outstanding, respectively

4.8

Treasury stock

(99.9)

Additional paid-in capital

9,875.4

9,866.6

Retained deficit

(196.2)

(315.2)

Accumulated other comprehensive loss

(9.5)

(6.2)

Total NiSource Stockholders’ Equity

9,574.6

9,450.1

Noncontrolling interest in consolidated subsidiaries

2,319.8

2,209.8

Total Stockholders’ Equity

11,894.4

11,659.9

Long-term debt, excluding amounts due within one year

15,612.6

15,457.8

Total Capitalization

27,507.0

27,117.7

Current Liabilities

Current portion of long-term debt

1,098.4

19.7

Short-term borrowings

692.0

736.0

Accounts payable

1,135.6

1,124.5

Dividends payable - common stock

148.0

4.4

Customer deposits and credits

163.8

283.4

Taxes accrued

246.3

228.8

Interest accrued

241.4

206.2

Exchange gas payable

76.8

125.4

Regulatory liabilities

188.1

260.1

Asset Retirement Obligation

48.1

55.0

Accrued compensation and employee benefits

190.7

246.8

Other accruals

185.3

167.1

Total Current Liabilities

^[2]

4,414.5

3,457.4

Other Liabilities

Deferred income taxes

2,623.8

2,500.1

Accrued liability for postretirement and postemployment benefits

140.1

153.1

Regulatory liabilities

1,586.2

1,513.3

Asset retirement obligations

811.8

781.9

Other noncurrent liabilities

381.5

258.0

Total Other Liabilities

^[2]

5,622.1

5,283.6

Total Capitalization and Liabilities

$ 37,543.6

$ 35,858.7

Common Stock, Shares Authorized

750,000,000

Common Stock, No Par Value

$ 0.01

Prepaid Expense, Current

$ 246.1

$ 149.3

Accrued insurance liabilities

78.7

77.2

Variable Interest Entity Primary Beneficiary Member GenCo

Other Liabilities

Other Assets

210.7

305.4

Joint Ventures

Property, Plant and Equipment

Net Property, Plant and Equipment

1,764.0

1,312.7

Current Assets

Total Current Assets

223.4

90.1

Current Liabilities

Total Current Liabilities

335.6

56.9

Other Liabilities

Total Other Liabilities

$ 57.0

$ 55.7

[1]

Includes $1,764.0 million and $1,312.7 million at June 30, 2026 and December 31, 2025, respectively, of net property, plant and equipment assets and $223.4 million and $90.1 million at June 30, 2026 and December 31, 2025, respectively, of current assets of consolidated VIEs that may be used only to settle obligations of the consolidated VIEs. Refer to Note 4, "Noncontrolling Interests," for additional information.

(2)Includes $210.7 million and $305.4 million at June 30, 2026 and December 31, 2025, respectively, of advanced deposits of project costs and $10.0 million and zero, respectively, of regulatory assets at June 30, 2026 and December 31, 2025, respectively, of consolidated VIEs that may be used only to settle obligations of the consolidated VIEs. Refer to Note 4, "Noncontrolling Interests," for additional information.

[2]

Includes $335.6 million and $56.9 million at June 30, 2026 and December 31, 2025, respectively, of current liabilities and $57.0 million and $55.7 million at June 30, 2026 and December 31, 2025, respectively, of other liabilities, and finance leases of $40.0 million and $40.1 million at June 30, 2026 and December 31, 2025, respectively, of consolidated VIEs that creditors do not have recourse to our general credit. Refer to Note 4, "Noncontrolling Interests," for additional information.