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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$22.4B
P/E Ratio23.24
ROE10.37%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$760M$637.3M$658.2M$640.5M$846.3M$805.2M
Payment to renewable generation asset developer$3.2M$554.2M$403.8M$133.7M$7M$0
Payments For Advanced Deposits for Project Costs$29M$125.3M$35.6M$400K$212.5M$22.4M
Payment for (Proceeds from) Other Investing Activity—$35.9M$116M——$45M
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$116M——$45M
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$750K$6.5M$750K$200K
Other working capital changes-$35M$7.1M$15.2M$200K$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—-$800K$600K——
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$107M$278.4M$556.2M
Asset Retirement Obligation, Cash Paid to Settle$17.5M$10.4M$20.9M$18.7M$23M$15.5M
Increase Decrease In Exchange Gas Receivable Payable$33.4M-$34M-$34M-$34M-$34M—
Increase Decrease In Other Accruals-$2.4M-$17M-$17M-$17M-$17M—
Other long-term liabilities—$8.1M—$6.5M—$200K
Increase Decrease In Prepayments And Other Current Assets-$19M-$9.3M-$9.3M-$9.3M-$9.3M—
Increase Decrease In Regulatory Assets And Liabilities—-$10.3M$34M-$4.2M-$75.2M-$50.5M
Redemption Premium$28M$0$0$0$0—

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contributions from noncontrolling interests$0$34.8M$99.5M$11M$86.1M$25.5M
Proceeds from issuance of debt$0$741.5M$1.6B$0$990M$0
Repayments of debt$0$5.5M$5.4M$1.2B$10M—
Distributions to noncontrolling interests$18.3M$17.5M$26.9M$11.1M$19.1M$19.9M
Dividends paid$124M$132M$132.2M$132.2M$134M$149M
Dividends paid on preferred stock—$0$0$0$0—
Contributions from tax equity partners$0$0$0$0$0—
Distributions to Tax Equity Partners$1.8M$4.1M$5.7M$3M$1.4M$3.2M
Finance Lease, Principal Payments$5.2M$5.5M——$4.7M$5.9M
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—
Payments For Repurchase Of Redeemable Preferred Stock$121.5M$0$0$0$0—
Payments to Noncontrolling Interests$18.3M$17.5M$26.9M$11.1M$19.1M$19.9M
Short-term borrowings/(repayments) less than 90 days — net—$166.4M-$771M$1.3B—$555M
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—
Proceeds from issuance of common stock$104.7M$3.2M$3.6M$252.3M$53M$3.9M
Net change in short-term borrowings—$166.4M-$771M$1.3B—$555M

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
Repayments of Other Debt$0$0$0$0$0—