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NiSource NI NIPSCO Operations — Operating Income (Loss)

Other segment segments

Columbia Operations
$472.3M+5.9%

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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:OperatingIncomeLoss.

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 NIPSCO operations — operating income (loss)?
NiSource (NI) reported NIPSCO operations — operating income (loss) of $348.5M in Q1 2026.
How has NiSource's NIPSCO operations — operating income (loss) changed year-over-year?
NiSource's NIPSCO operations — operating income (loss) increased by 11.7% year-over-year, from $311.9M to $348.5M.
What is the long-term trend for NiSource's NIPSCO operations — operating income (loss)?
Over 3 years (2022 to 2025), NiSource's NIPSCO operations — operating income (loss) has grown at a 23.9% compound annual growth rate (CAGR), from $493.1M to $938.1M.
What does NIPSCO operations — operating income (loss) mean?
Measures the profitability of the NIPSCO operations segment after accounting for all operating expenses, including fuel costs, maintenance, and depreciation. It reflects the core operational efficiency and regulatory rate recovery performance of the utility business. This metric is a primary indicator of the segment's ability to generate earnings from its regulated utility assets.