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NiSource NI Q1 2025 earnings

Reported May 7, 2025 · Before market open

Revenue estimate$2.2B
EPS estimate$0.90

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$1.2B
EPS estimate$0.21

Financials

Q1 2025

Income statement

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Revenue$2.1B+26.0%
Gross profit$1.5B+17.2%
Operating income$759.4M+30.2%
Net income$474.8M+30.1%
EPS (diluted)$1.00+29.9%

Balance sheet

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Cash & equivalents$259.4M+154%
Total debt$13.6B+5.1%
Total equity$8.9B+12.7%
Total assets$33.1B+12.8%

Cash flow

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Operating cash flow$686.4M+50.5%
CapEx$637.3M+8.1%
Free cash flow$49.1M+137%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$18.84B+61.5%
Enterprise value$32.18B+31.3%
P/E21.7×+6.0×
P/S-0.3×

Profitability

See full
Gross margin45.6%-31.0pp
Operating margin17%-9.5pp
Net margin9.1%-5.6pp
FCF margin-6.8%-2.7pp

Returns & leverage

See full
Return on equity10.4%+0.8pp
Debt / equity1.5×-0.1×
Current ratio0.5×-0.1×

Segments

By segment

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Columbia Operations$1.2B+36.2%
NIPSCO Operations$909.6M+24.1%
Corporate and Other$1.2M+500%

Versus estimates

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Questions, answered.

When did NiSource report Q1 2025 earnings?
NiSource (NI) reported Q1 2025 earnings on May 7, 2025 before market open.
What were NiSource's Q1 2025 revenue and EPS?
NiSource reported revenue of $2.2B and diluted EPS of $0.98 for Q1 2025.
Did NiSource beat estimates in Q1 2025?
Revenue beat the consensus estimate of $2.2B by $26.4M. EPS beat the consensus estimate of $0.90 by $0.08.
How did NiSource's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 27.9% from $1.7B a year earlier and diluted EPS grew 15.3% from $0.85.
Where can I find NiSource's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001111711-25-000020) directly on SEC EDGAR. The filing index links above go to sec.gov.