What is NiSource's capex?

NiSource (NI) reported capex of $805.2M in Q1 2026.

How has NiSource's capex changed year-over-year?

NiSource's capex increased by 26.3% year-over-year, from $637.3M to $805.2M.

What is the long-term trend for NiSource's capex?

Over 4 years (2021 to 2025), NiSource's capex has grown at a 10.9% compound annual growth rate (CAGR), from $1.84B to $2.78B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

NiSource NI CapEx

CapEx at other companies

UGIUGI

$170M+16.4%

Duke EnergyDUK

$3.28B+9.5%

OGS

ONE GASOGS

$156.53M-6.0%

New Jersey ResourcesNJR

$42.1M+118%

UnitilUTL

$32.4M-0.6%

American Electric PowerAEP

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Other financials

Income statement

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Revenue$2.3B+8.0%

Gross profit$1.7B+10.1%

Operating income$819.2M+7.9%

Net income$507.1M+6.8%

EPS (diluted)$1.06+6.0%

Balance sheet

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Cash & equivalents$71.9M-72.3%

Total debt$16.7B+23.1%

Total equity$9.7B+8.6%

Total assets$36.6B+10.6%

Cash flow

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Operating cash flow$442.3M-35.6%

Free cash flow-$362.9M-839%

Valuation

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Market cap$22.8B+23.0%

Enterprise value$39.48B+20.8%

P/E23.7×+2.8×

P/S2×+0.1×

Profitability

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Gross margin44.9%-0.7pp

Operating margin16.7%-0.3pp

Net margin8.5%-0.6pp

FCF margin-7.3%+0.7pp

Returns & leverage

See full

Return on equity10.4%0.0pp

Debt / equity1.7×+0.2×

Current ratio0.6×+0.1×

Where this comes from

Reported directly by NiSource in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: NiSource’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NiSource's capex?: NiSource (NI) reported capex of $805.2M in Q1 2026.
How has NiSource's capex changed year-over-year?: NiSource's capex increased by 26.3% year-over-year, from $637.3M to $805.2M.
What is the long-term trend for NiSource's capex?: Over 4 years (2021 to 2025), NiSource's capex has grown at a 10.9% compound annual growth rate (CAGR), from $1.84B to $2.78B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.