Income StatementBalance SheetCash FlowSegments
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NiSource Cash Flow Statement

Operating, investing, and financing cash movements

NiSource generated $2.1B in operating cash flow over the trailing twelve months. After $3.0B in capital expenditures, free cash flow was -$832.0M. Free cash flow decreased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.1BNet Cash From Investing (TTM)-$4.0BNet Cash From Financing (TTM)$1.7BCapital Expenditures (TTM)$3.0BDepreciation And Amortization Cf (TTM)$1.2BNet Change In Cash (TTM)$29.3M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$22.3B
P/E Ratio23.20
ROE10.37%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$760.0M$637.3M$658.2M$640.5M$846.3M$805.2M
Payment to renewable generation asset developer$3.2M$554.2M$403.8M$133.7M$7.0M$0.0
Payments For Advanced Deposits for Project Costs$29.0M$125.3M$35.6M$400.0K$212.5M$22.4M
Payments for Removal Costs$57.9M———$74.5M—
Net cash from investing activities-$798.5M-$1.4B-$1.2B-$830.3M-$1.1B-$872.6M
Other investing activities—$35.9M$116.0M——$45.0M
Purchases of investments$4.5M$23.5M$23.5M$23.5M$23.5M—

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in other liabilities$23.7M$8.1M$750.0K$6.5M$750.0K$200.0K
Other working capital changes-$35.0M$7.1M$15.2M$200.0K$2.3M$18.3M
Deferred income taxes$58.9M$91.3M$29.1M$33.1M$82.3M$75.8M
Depreciation and amortization$278.1M$258.6M$286.7M$306.9M$315.4M$288.3M
Gain (loss) on sale of assets-$1.8M—-$800.0K$600.0K——
Net cash from operating activities$539.8M$686.4M$495.4M$467.9M$712.6M$442.3M
Net income$244.3M$526.7M$100.5M$107.0M$278.4M$556.2M
Increase Decrease In Exchange Gas Receivable Payable$33.4M-$34.0M-$34.0M-$34.0M-$34.0M—
Increase Decrease In Other Accruals-$2.4M-$17.0M-$17.0M-$17.0M-$17.0M—
Increase Decrease In Prepayments And Other Current Assets-$19.0M-$9.3M-$9.3M-$9.3M-$9.3M—

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contributions from noncontrolling interests$0.0$34.8M$99.5M$11.0M$86.1M$25.5M
Proceeds from issuance of debt$0.0$741.5M$1.6B$0.0$990.0M$0.0
Repayments of debt$0.0$5.5M$5.4M$1.2B$10.0M—
Distributions to noncontrolling interests$18.3M$17.5M$26.9M$11.1M$19.1M$19.9M
Dividends paid$124.0M$132.0M$132.2M$132.2M$134.0M$149.0M
Dividends paid on preferred stock—$0.0$0.0$0.0$0.0—
Contributions from tax equity partners$0.0$0.0$0.0$0.0$0.0—
Distributions to Tax Equity Partners$1.8M$4.1M$5.7M$3.0M$1.4M$3.2M
Net change in commercial paper and other short-term borrowings-$198.5M$32.9M$32.9M$32.9M$32.9M—
Payment of Preferred Stock Redemption Premium$3.5M$0.0$0.0$0.0$0.0—
Net cash from financing activities—$771.4M$780.1M$116.3M$431.1M$391.7M
Payment of debt issuance costs$4.4M$15.4M$2.3M$4.3M$4.8M$22.7M
Payments for finance leases$5.2M$5.5M——$4.7M$5.9M
Redemption of preferred stock—$0.0$0.0$0.0$0.0—
Proceeds from issuance of common stock$104.7M$3.2M$3.6M$252.3M$53.0M$3.9M
Net change in short-term borrowings—$166.4M-$771.0M$1.3B—$555.0M
Repayments of Other Debt$0.0$0.0$0.0$0.0$0.0—

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$220.2M$49.1M-$162.8M-$172.6M-$133.7M-$362.9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—$105.1M$61.9M-$246.1M—-$38.6M