NiSource NI Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Customer revenues by Business | ||||||
| Columbia Operations | $1.33B+7.2% | $998.1M+30.7% | $479.7M+15.0% | $592.3M+24.1% | $1.24B+36.2% | |
| Corporate and Other | $1.4M+16.7% | -$3.6M-500% | $1.2M+300% | $2.52M+2,418% | $1.2M+500% | |
| NIPSCO Operations | $993.7M+9.2% | $789M+21.0% | $760.5M+20.9% | $654.2M+13.4% | $909.6M+24.1% | |
| Other revenues by Business | ||||||
| Columbia Operations | -$5.4M-871% | —— | $5.2M-14.8% | $8.9M-11.9% | $700K-98.4% | |
| Corporate and Other | $1.4M+16.7% | $1.3M+333% | $1.2M+300% | $1.2M+1,100% | $1.2M+500% | |
| NIPSCO Operations | $44.8M+40.9% | $24.6M-24.5% | $26.5M+11.3% | $26.4M+29.4% | $31.8M+61.4% | |
| Regulated Operating Revenue by Business | ||||||
| Columbia Operations | $1.33B+6.7% | $1.01B+19.6% | $488.2M+14.4% | $604.7M+23.3% | $1.24B+30.0% | |
| NIPSCO Operations | $1.04B+10.3% | $3.31B+20.2% | $787.3M+20.6% | $680.8M+14.0% | $941.7M+25.1% | |
| Operating Income (Loss) by Business | ||||||
| Columbia Operations | $472.3M+5.9% | $275M+20.1% | $52.1M+26.5% | $122.2M+26.5% | $445.8M+23.1% | |
| NIPSCO Operations | $348.5M+11.7% | $259.6M+36.8% | $232.6M+35.8% | $134M-5.8% | $311.9M+44.1% | |
| Taxes, Miscellaneous by Business | ||||||
| Columbia Operations | $71.1M+6.1% | $81.8M+18.4% | $52M+14.5% | $52.4M+11.7% | $67M+17.1% | |
| NIPSCO Operations | $20.9M+13.0% | $19.8M+20.0% | $19.1M+24.0% | $18.1M+11.0% | $18.5M+14.9% | |
| Total Assets by Business | ||||||
| Columbia Operations | $16.18B+8.2% | $15.9B+7.7% | $15.27B+7.7% | $14.98B+8.1% | $14.96B+8.5% | |
| NIPSCO Operations | $18.54B+10.3% | $18.13B+14.6% | $17.83B+15.4% | $17.51B+18.4% | $16.81B+18.2% | |
| Cost of energy by Business | ||||||
| Columbia Operations | $383.9M+1.1% | $271.1M+38.7% | $58.5M+71.1% | $110.4M+96.1% | $379.8M+66.0% | |
| NIPSCO Operations | $285.3M+6.6% | $210.4M+16.1% | $135.2M+2.7% | $151.4M+39.7% | $267.7M+36.4% | |
| Recoveries of amounts previously written off by Business | ||||||
| Columbia Operations | $3.2M+10.3% | $7.6M— | —— | $11.4M+356% | $2.9M-29.3% | |
| NIPSCO Operations | $400K+100% | —— | —— | $900K+350% | $200K0.0% | |
| Utilities Operating Expense, Maintenance and Operations by Business | ||||||
| Columbia Operations | $278.4M+14.6% | $260.2M+11.9% | $212.8M+4.9% | $207.7M+8.6% | $243M+15.3% | |
| NIPSCO Operations | $221.4M+9.6% | $220.8M+7.8% | $215.1M+21.0% | $211M+12.5% | $202M+5.6% | |
| Current period provisions by Business | ||||||
| Columbia Operations | $11.8M+29.7% | $16.1M— | —— | $33.2M+690% | $9.1M-17.3% | |
| NIPSCO Operations | $6.6M+61.0% | —— | —— | $20.9M+704% | $4.1M+13.9% | |
| Depreciation, Depletion and Amortization by Business | ||||||
| Columbia Operations | $120.9M+11.7% | $118.6M+9.3% | $112.7M+9.4% | $111.7M+12.4% | $108.2M+10.2% | |
| NIPSCO Operations | $162.7M+15.1% | $188.1M+19.2% | $185.3M+18.2% | $165.9M+16.0% | $141.3M+6.5% | |
| Accounts Receivable, Allowance for Credit Loss by Business | ||||||
| Columbia Operations | $18.5M+32.1% | $15.6M+59.2% | $3M-18.9% | $11.4M-12.3% | $14M-22.2% | |
| NIPSCO Operations | $27.6M+76.9% | $25M+79.9% | $15.6M+11.4% | $15.9M+20.5% | $15.6M+14.7% | |
| Write-offs charged against allowance by Business | ||||||
| Columbia Operations | $12.1M+55.1% | —— | —— | $43M+268% | $7.8M+6.8% | |
| NIPSCO Operations | $4.4M+69.2% | —— | —— | $12.4M+288% | $2.6M+23.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does NiSource break its business down?
- NiSource (NI) reports customer revenues by business across 3 parts — Columbia Operations, Corporate and Other and NIPSCO Operations. Each is extracted from the segment footnotes and tracked over time.
- Where does NiSource's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in NiSource's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
