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NiSource NI Increase (Decrease) in Tax Expense

Increase (Decrease) in Tax Expense at other companies

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$2.2M0.0%
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$2.2M0.0%
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$2.2M0.0%
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Richardson ElectronicsRELL
-$46K-112%
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$359K
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Rafael Holdings, Inc.RFL
$1.26M

Other financials

Income statement

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Revenue$1.3B+3.4%
Gross profit$1.1B+11.3%
Operating income$228.1M-13.2%
Net income$45.5M-55.5%
EPS (diluted)$0.09-59.1%

Balance sheet

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Cash & equivalents$70.0M-79.1%
Total debt$16.3B+12.6%
Total equity$9.6B+7.8%
Total assets$37.5B+10.3%

Cash flow

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Operating cash flow$680.4M+37.3%
CapEx$1.1B+66.7%
Free cash flow-$417.0M-156%

Valuation

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Market cap$20.57B+4.4%
Enterprise value$36.81B+8.8%
P/E22.7×+0.5×
P/S1.8×-0.2×

Profitability

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Gross margin45.7%+0.2pp
Operating margin16.4%-0.6pp
Net margin8%-1.1pp
FCF margin-9.5%+8.9pp

Returns & leverage

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Return on equity9.8%-0.8pp
Debt / equity1.7×+0.1×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by NiSource in its filing.

Tagged under the XBRL concept nix:IncreaseDecreaseInTaxExpense.

The source filing: NiSource’s 10-K, filed February 11, 2026.

Filed
Feb 11, 2026, 6:37 AM EST
Fiscal year
FY2025
Accession
0001111711-26-000027

The increase in tax expense of $45.7 million in 2025 versus 2024 was primarily due to higher pre-tax income, the establishment of a valuation allowance on deferred tax assets related to disallowed §163(j) interest carryforwards, lower non-controlling interest and lower AFUDC equity, partially offset by lower state taxes and higher federal investment and production credits generated by Dunns Bridge II Solar and Storage facility, Cavalry Solar, Fairbanks Solar, and Gibson Solar that are offset in a regulatory liability to pass back to customers in future periods.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued)

FAQ

What is NiSource's increase (decrease) in tax expense?
NiSource (NI) reported increase (decrease) in tax expense of $11.43M in Q4 2025.
How has NiSource's increase (decrease) in tax expense changed year-over-year?
NiSource's increase (decrease) in tax expense increased by 145.7% year-over-year, from $4.65M to $11.43M.
What is the long-term trend for NiSource's increase (decrease) in tax expense?
Over 3 years (2022 to 2025), NiSource's increase (decrease) in tax expense has grown at a -0.8% compound annual growth rate (CAGR), from $46.8M to $45.7M.
What does increase (decrease) in tax expense mean?
Reflects the net change in tax expense resulting from adjustments to tax provisions, changes in tax laws, or the resolution of tax audits. This metric provides insight into the volatility of the company's tax burden beyond standard operating income fluctuations. It is used to assess the impact of tax-related accounting adjustments on net income.

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