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NiSource NI Columbia Operations — Utilities Operating Expense, Maintenance and Operations

Other segment segments

NIPSCO Operations
$221.4M+9.6%

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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%
CapEx$805.2M+26.3%
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/S+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

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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:UtilitiesOperatingExpenseMaintenanceAndOperations.

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 columbia operations — utilities operating expense, maintenance and operations?
NiSource (NI) reported columbia operations — utilities operating expense, maintenance and operations of $278.4M in Q1 2026.
How has NiSource's columbia operations — utilities operating expense, maintenance and operations changed year-over-year?
NiSource's columbia operations — utilities operating expense, maintenance and operations increased by 14.6% year-over-year, from $243M to $278.4M.
What is the long-term trend for NiSource's columbia operations — utilities operating expense, maintenance and operations?
Over 3 years (2022 to 2025), NiSource's columbia operations — utilities operating expense, maintenance and operations has grown at a 5.3% compound annual growth rate (CAGR), from $791.3M to $923.7M.
What does columbia operations — utilities operating expense, maintenance and operations mean?
The recurring costs required to operate and maintain the utility infrastructure, including labor, materials, and administrative overhead within the Columbia Operations segment. This excludes fuel and energy procurement costs.