NiSource (NI) is trading down at $41.26 (-0.55%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Utilities sector.
Analyst price targets on NI
One firm's current price target on NiSource: $48 — 16% above the current $41.3. Each is tracked to its date and scored the same way a member's call is.
- Mizuho $41.1 → $48 by Aug 2027 Aug 26, 2026 via Investing.com · Mizuho's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
NiSource revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $4.49B | $4.87B | $4.99B | $5.05B | $4.47B | $4.73B | $5.74B | $5.35B | $5.28B | $6.52B |
| Growth (year over year) | −3.4% | +8.5% | +2.4% | +1.2% | −11.5% | +5.8% | +21.3% | −6.8% | −1.2% | +23.5% |
| Gross profit | $4.49B | $4.87B | — | — | $3.36B | $3.34B | $3.63B | $3.81B | $4.15B | $4.94B |
| Gross margin | 100.0% | 100.0% | — | — | 75.2% | 70.6% | 63.2% | 71.3% | 78.6% | 75.7% |
| Operating income | $866.1M | $921.2M | $124.7M | $890.7M | $550.8M | $1.01B | $1.27B | $1.30B | $1.46B | $1.84B |
| Operating margin | 19.3% | 18.9% | 2.5% | 17.6% | 12.3% | 21.3% | 22.1% | 24.2% | 27.6% | 28.1% |
| Net income | $331.5M | $128.5M | −$50.6M | $383.1M | −$17.6M | $584.9M | $804.1M | $714.3M | $760.4M | $929.5M |
| Net margin | 7.4% | 2.6% | −1.0% | 7.6% | −0.4% | 12.4% | 14.0% | 13.4% | 14.4% | 14.3% |
| EPS (diluted) | $1.02 | $0.39 | −$0.18 | $0.87 | −$0.19 | $1.27 | $1.70 | $1.48 | $1.62 | $1.95 |
| Balance sheet | ||||||||||
| Cash and equivalents | $26.4M | $29.0M | $112.8M | $139.3M | $116.5M | $84.2M | $40.8M | $2.25B | $156.6M | $110.1M |
| Total assets | $18.7B | $20.0B | $21.8B | $22.7B | $22.0B | $24.2B | $26.7B | $31.1B | $31.8B | $35.9B |
| Total liabilities | $14.6B | $15.6B | $16.1B | $16.7B | $16.2B | $16.9B | $18.8B | $20.9B | $21.1B | $24.2B |
| Long-term debt | $6.06B | $7.51B | $7.11B | $7.86B | $9.22B | $9.18B | $9.52B | $11.1B | $12.1B | $15.5B |
| Shareholders' equity | $4.07B | $4.32B | $5.75B | $5.99B | $5.75B | $6.95B | $7.58B | $8.27B | $8.68B | $9.45B |
| Cash flow | ||||||||||
| Operating cash flow | $803.3M | $742.2M | $540.1M | $1.58B | $1.10B | $1.22B | $1.41B | $1.94B | $1.78B | $2.36B |
| Capital expenditure | $1.48B | $1.70B | $1.82B | $1.80B | $1.76B | $1.84B | $2.20B | $2.65B | $2.61B | $2.78B |
| Free cash flow | −$671.9M | −$953.6M | −$1.28B | −$219.1M | −$654.1M | −$620.1M | −$793.7M | −$710.7M | −$832.5M | −$420.0M |
| Dividends paid | $205.5M | $229.1M | $273.3M | $298.5M | $321.6M | $345.2M | $381.5M | $413.5M | $481.0M | $530.4M |
| Share buybacks | $9.40M | $7.20M | $4.00M | $0 | $0 | — | — | — | — | — |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.05B | $1.54B | $2.15B | $1.25B | $1.24B | $1.89B | $2.32B | $1.29B |
| Growth (year over year) | +4.3% | +11.4% | +30.8% | +18.3% | +18.6% | +22.5% | +8.0% | +3.4% |
| Gross profit | $880.2M | $1.16B | $1.50B | $984.7M | $1.05B | $1.41B | $1.65B | $1.10B |
| Gross margin | 84.1% | 75.5% | 69.9% | 79.0% | 84.4% | 74.5% | 71.2% | 85.0% |
| Operating income | $218.3M | $416.8M | $759.4M | $262.9M | $297.5M | $515.5M | $819.2M | $228.1M |
| Operating margin | 20.9% | 27.1% | 35.3% | 21.1% | 24.0% | 27.3% | 35.3% | 17.7% |
| Net income | $85.7M | $223.9M | $474.8M | $102.2M | $94.7M | $257.8M | $507.1M | $45.5M |
| Net margin | 8.2% | 14.5% | 22.1% | 8.2% | 7.6% | 13.7% | 21.8% | 3.5% |
| EPS (diluted) | $0.19 | $0.47 | $1.00 | $0.22 | $0.20 | $0.53 | $1.06 | $0.09 |
| Balance sheet | ||||||||
| Cash and equivalents | $126.2M | $156.6M | $259.4M | $335.4M | $95.0M | $110.1M | $71.9M | $70.0M |
| Total assets | $30.8B | $31.8B | $33.1B | $34.0B | $34.4B | $35.9B | $36.6B | $37.5B |
| Total liabilities | $20.5B | $21.1B | $22.2B | $23.0B | $23.2B | $24.2B | $24.7B | $25.6B |
| Long-term debt | $12.1B | $12.1B | $12.8B | $14.5B | $14.5B | $15.5B | $15.5B | $15.6B |
| Shareholders' equity | $8.35B | $8.68B | $8.90B | $8.88B | $9.12B | $9.45B | $9.66B | $9.57B |
| Cash flow | ||||||||
| Operating cash flow | $340.0M | $539.8M | $686.4M | $495.4M | $467.9M | $712.6M | $442.3M | $680.4M |
| Capital expenditure | $634.7M | $760.0M | $637.3M | $658.2M | $640.5M | $846.3M | $805.2M | $1.10B |
| Free cash flow | −$294.7M | −$220.2M | $49.1M | −$162.8M | −$172.6M | −$133.7M | −$362.9M | −$417.0M |
| Dividends paid | $119.1M | $124.0M | $132.0M | $132.2M | $132.2M | $134.0M | $149.0M | $144.3M |
From NiSource's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About NiSource
NiSource Inc. is one of the largest fully regulated utility companies in the United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The company, based in Merrillville, Indiana, has more than 8,000 employees. As of 2018, NiSource is the sole Indiana-based utility company.
- Headquarters
- Merrillville, Indiana From SEC filings, Oct 2026
Recent News (6)
-
Nisource stock hits 52-week low at 39.01 USD
Nisource stock hits 52-week low at 39.01 USD
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Mizuho cuts NiSource stock price target on Indiana regulatory risks Mizuho cuts NiSource stock price target on Indiana regulatory risks Investing.com
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NiSource declares $0.30 quarterly dividend per share
NiSource declares $0.30 quarterly dividend per share
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NiSource Q2 Earnings Call Highlights NiSource Q2 Earnings Call Highlights
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NiSource Inc. Q2 2026 Earnings Call Summary NiSource Inc. Q2 2026 Earnings Call Summary
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What to Expect From NiSource's Next Quarterly Earnings Report What to Expect From NiSource's Next Quarterly Earnings Report
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