NiSource (NI) Stock Price

NiSource Price

NYSE·CLOSED
47.49USD
Market closed

Revenue at NiSource has contracted by 0.6% per year over the past 19 years to 6.64 B USD. Earnings per share have grown at 3.4% per year over the last 19 years. NiSource's net margin stands at 14%, up from 10.8% several years earlier. NiSource currently offers a dividend yield of about 2.36%. The payout ratio is around 57% of earnings. The dividend has grown at 1% per year over the past 19 years.

NiSource stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of NiSource over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how NiSource stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing NiSource's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

NiSource Stock Price History
DateNiSource Price
Access this data via the Eulerpool API

NiSource Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
5.51 B USD
1.3 B USD
661.1 M USD
Jan 1, 2024
5.46 B USD
1.46 B USD
738.1 M USD
Jan 1, 2025
6.64 B USD
1.84 B USD
926.9 M USD
Invalid Date
6.86 B USD
2.09 B USD
1 B USD
Invalid Date
7.2 B USD
2.3 B USD
1.08 B USD
Invalid Date
7.82 B USD
2.68 B USD
1.18 B USD
Invalid Date
8.49 B USD
3.02 B USD
1.29 B USD
Invalid Date
9.03 B USD
3.24 B USD
1.42 B USD

NiSource Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 7, 2026, 3:08 PM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
202420252026e2027e2028e2029e2030e2031e
5.466.646.867.27.828.499.038.81
-0.9121.763.284.978.548.566.36-2.42
79.2376.1476.1476.1476.1476.1476.1476.14
4.325.065.225.485.956.466.876.71
0.740.9311.081.181.291.421.55
11.6525.478.218.189.239.299.359.47
1.061.121.21.421.52---
65.667.1418.337.04
456474.5474.5474.5474.5474.5474.5474.5
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales NiSource generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue NiSource retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare NiSource's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares NiSource has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against NiSource's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

NiSource stock margins

The NiSource margin analysis displays the gross margin, EBIT margin, as well as the profit margin of NiSource. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for NiSource.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
71.58 %
20.71 %
10.81 %
Jan 1, 2022
63.93 %
19.85 %
12.8 %
Jan 1, 2023
72.15 %
23.58 %
12.01 %
Jan 1, 2024
79.25 %
26.85 %
13.53 %
Jan 1, 2025
76.15 %
27.64 %
13.95 %
Invalid Date
76.15 %
30.41 %
14.62 %
Invalid Date
76.15 %
31.97 %
15.06 %
Invalid Date
76.15 %
34.3 %
15.16 %

NiSource Stock Revenue, EBIT, Earnings per Share

The NiSource earnings per share therefore indicates how much revenue NiSource has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
11.74 USD
2.43 USD
1.27 USD
Jan 1, 2022
13.22 USD
2.62 USD
1.69 USD
Jan 1, 2023
12.29 USD
2.9 USD
1.48 USD
Jan 1, 2024
11.96 USD
3.21 USD
1.62 USD
Jan 1, 2025
14 USD
3.87 USD
1.95 USD
Invalid Date
14.46 USD
4.4 USD
2.11 USD
Invalid Date
15.18 USD
4.85 USD
2.28 USD
Invalid Date
16.47 USD
5.65 USD
2.5 USD

NiSource business model & stock analysis

NiSource Inc is an American energy company headquartered in Merrillville, Indiana. The company was founded in 1912 in Valparaiso, Indiana and has been listed on the New York Stock Exchange since 1999. NiSource operates in various sectors and offers a wide range of products and services related to energy. History: The roots of NiSource can be traced back to 1912 when the Northern Indiana Gas Company was founded by a group of businessmen in Valparaiso, Indiana. The company grew rapidly and expanded into other cities and communities in Indiana and the surrounding states in the following years. In 1987, Northern Indiana Gas Company merged with Bay State Gas Company from Massachusetts, forming the company NiSource. In the following years, the company continued to expand and acquired other energy companies in Indiana, Ohio, Pennsylvania, Kentucky, and Virginia. Business model: NiSource is an integrated energy company operating in various sectors. The company operates gas and electricity distribution networks in Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia. It is also involved in the exploration, production, and storage of natural gas. NiSource is a vertically integrated company that controls the production, distribution, and sale of energy to businesses and customers in the areas it serves. The company has a variety of business segments, including power and gas distribution, energy resources and production, as well as management and operation of energy infrastructure. Segments: NiSource operates in various segments, including power and gas distribution, energy resources and production, and management and operation of energy infrastructure. The largest segment of the company is gas distribution. NiSource operates gas supply networks in Indiana, Ohio, Pennsylvania, Kentucky, and Virginia. This includes approximately 57,000 miles of pipelines and around 3.5 million customers. Power distribution is another important segment of NiSource. The company operates power supply networks in Indiana and Ohio, covering approximately 17,000 miles of lines and serving over 700,000 customers. The energy resources and production segment is responsible for the exploration, production, and storage of natural gas. NiSource is a major gas producer, operating production facilities in Indiana, Kentucky, and Pennsylvania, as well as storage facilities in Pennsylvania and New York. Products and services: NiSource offers a variety of products and services revolving around energy. The main products and services include gas and electricity supply, energy efficiency programs, renewable energy, and energy consulting. NiSource also offers special rates and programs for customers to help them reduce their energy consumption and save money. This includes rates for smart thermostats that automatically adjust heating and cooling to meet the customer's needs, as well as discounts and credits for customers who improve their energy efficiency. Conclusion: NiSource is a significant energy provider in the United States, offering a wide range of products and services related to energy. The company operates in various sectors, including gas and power distribution, energy resources and production, as well as management and operation of energy infrastructure. NiSource is a vertically integrated company that controls the production, distribution, and sale of energy to businesses and customers in the areas it serves.

NiSource SWOT Analysis

Strengths

NiSource Inc has a solid reputation as one of the leading natural gas utility companies in the United States.

The company has a large and diverse customer base, providing it with a stable source of revenue.

NiSource Inc has a well-established infrastructure network, including pipelines and storage facilities, which enables efficient distribution of natural gas.

The company has implemented effective cost management strategies, resulting in improved profitability and financial stability.

Weaknesses

NiSource Inc heavily relies on natural gas distribution as its primary business, making it vulnerable to fluctuations in natural gas prices and demand.

The company may face regulatory challenges and compliance costs related to environmental and safety standards in the natural gas industry.

NiSource Inc has a relatively higher debt-to-equity ratio compared to its industry peers, which can increase financial risks.

Opportunities

The growing demand for clean energy sources presents an opportunity for NiSource Inc to diversify its operations into renewable energy, such as solar or wind power.

Increase in natural gas consumption for power generation provides an opportunity for NiSource Inc to expand its customer base and revenue streams.

Strategic partnerships and acquisitions can help NiSource Inc expand its market reach and enhance its competitive position in the natural gas industry.

Threats

Intense competition in the natural gas industry can pose a threat to NiSource Inc's market share and profitability.

Changes in government regulations and policies related to energy production and distribution can impact the company's operations and profitability.

Emerging technologies and alternative energy sources, such as electric vehicles, could reduce the demand for natural gas and pose a threat to NiSource Inc's business model.

NiSource Segments

NiSource Revenue by Segment (1/6)

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  • Max

Miscellaneous
Commercial
Industrial
Off-system
Residential
Details
Date
Miscellaneous
Commercial
Industrial
Off-system
Residential
Jan 1, 2017
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2018
700,000 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2019
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2020
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2021
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2022
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2024
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2025
0 USD
0 USD
0 USD
0 USD
0 USD

NiSource Revenue by Segment (2/6)

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  • Max

Gas Distribution Operations
Columbia Operations
NIPSCO Operations
Electric Operations
Corporate and Other
Corporate Segment and Other Operating Segment
Details
Date
Gas Distribution Operations
Columbia Operations
NIPSCO Operations
Electric Operations
Corporate and Other
Corporate Segment and Other Operating Segment
Jan 1, 2017
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2018
3.37 B USD
0 USD
0 USD
1.62 B USD
700,000 USD
0 USD
Jan 1, 2019
3.46 B USD
0 USD
0 USD
1.6 B USD
800,000 USD
0 USD
Jan 1, 2020
3.03 B USD
0 USD
0 USD
1.44 B USD
800,000 USD
0 USD
Jan 1, 2021
3.13 B USD
0 USD
0 USD
1.6 B USD
800,000 USD
0 USD
Jan 1, 2022
4 B USD
0 USD
0 USD
1.74 B USD
0 USD
0 USD
Jan 1, 2024
0 USD
2.63 B USD
2.65 B USD
0 USD
0 USD
0 USD
Jan 1, 2025
0 USD
3.32 B USD
3.2 B USD
0 USD
0 USD
0 USD

NiSource Revenue by Segment (3/6)

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  • Max

Gas Distribution Operations
Electric Operations
Corporate and Other
Details
Date
Gas Distribution Operations
Electric Operations
Corporate and Other
Jan 1, 2017
3.09 B USD
1.79 B USD
1 M USD
Jan 1, 2018
0 USD
0 USD
0 USD
Jan 1, 2019
0 USD
0 USD
0 USD
Jan 1, 2020
0 USD
0 USD
0 USD
Jan 1, 2021
0 USD
0 USD
0 USD
Jan 1, 2022
0 USD
0 USD
0 USD
Jan 1, 2024
0 USD
0 USD
0 USD
Jan 1, 2025
0 USD
0 USD
0 USD

NiSource Revenue by Segment (4/6)

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  • Max

Columbia Pipeline Group Operations
Eliminations
Details
Date
Columbia Pipeline Group Operations
Eliminations
Jan 1, 2017
0 USD
-525.8 M USD
Jan 1, 2018
0 USD
0 USD
Jan 1, 2019
0 USD
0 USD
Jan 1, 2020
0 USD
0 USD
Jan 1, 2021
0 USD
0 USD
Jan 1, 2022
0 USD
0 USD
Jan 1, 2024
0 USD
0 USD
Jan 1, 2025
0 USD
0 USD

NiSource Revenue by Segment (5/6)

  • 3 Years

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  • Max

Eliminations
Details
Date
Eliminations
Jan 1, 2017
0 USD
Jan 1, 2018
0 USD
Jan 1, 2019
0 USD
Jan 1, 2020
0 USD
Jan 1, 2021
0 USD
Jan 1, 2022
0 USD
Jan 1, 2024
0 USD
Jan 1, 2025
0 USD

NiSource Revenue by Segment (6/6)

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  • Max

Corporate and Other
Eliminations
Details
Date
Corporate and Other
Eliminations
Jan 1, 2017
0 USD
0 USD
Jan 1, 2018
0 USD
0 USD
Jan 1, 2019
0 USD
0 USD
Jan 1, 2020
0 USD
0 USD
Jan 1, 2021
0 USD
0 USD
Jan 1, 2022
0 USD
0 USD
Jan 1, 2024
0 USD
0 USD
Jan 1, 2025
0 USD
0 USD

NiSource Eulerpool Fair Value

NiSource historical P/E ratio, EBIT multiple, and P/S ratio

NiSource annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

NiSource shares outstanding

The number of shares of NiSource was 474.5 M in 2025. This indicates how many shares NiSource is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
417.3 M base_Shares
Jan 1, 2022
442.7 M base_Shares
Jan 1, 2023
447.9 M base_Shares
Jan 1, 2024
456 M base_Shares
Jan 1, 2025
474.5 M base_Shares
Invalid Date
474.5 M base_Shares
Invalid Date
474.5 M base_Shares
Invalid Date
474.5 M base_Shares

NiSource Dividend History

37 years of dividend payments · 7 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.3USDYTD
Feb 3, 20260.3USD 7.1%1/1
20251.12USD 5.7%
Feb 3, 20250.28USD 5.7%1/4
Apr 30, 20250.28USD 0.0%2/4
Jul 31, 20250.28USD 0.0%3/4
Oct 31, 20250.28USD 0.0%4/4
20241.06USD 6.0%
20231USD 6.4%
20220.94USD 6.8%
20210.88USD 4.8%
20200.84USD 5.0%
20190.8USD 2.6%
20180.78USD 25.7%
20171.05USD 8.2%

NiSource dividend history and estimates

In 2025, NiSource paid a dividend amounting to 1.12 USD. Dividend means that NiSource distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
0.88 USD
0 USD
Jan 1, 2022
0.94 USD
0 USD
Jan 1, 2023
1 USD
0 USD
Jan 1, 2024
1.06 USD
0 USD
Jan 1, 2025
1.12 USD
0 USD
Invalid Date
0.3 USD
0.9 USD
Invalid Date
0 USD
1.42 USD
Invalid Date
0 USD
1.52 USD

NiSource dividend payout ratio

In 2025, NiSource had a payout ratio of 57.34%. The payout ratio indicates the percentage of the company's profits that NiSource distributes as dividends.
  • 3 Years

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  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
69.29 %
Jan 1, 2022
55.29 %
Jan 1, 2023
67.61 %
Jan 1, 2024
65.49 %
Jan 1, 2025
57.34 %
Invalid Date
63.48 %
Invalid Date
62.1 %
Invalid Date
60.97 %
Price targets and forecasts for NiSource are not yet available.

NiSource Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/13/20261.08USD2.32 BUSD2026 Q1
2/11/20260.52USD1.57 BUSD2025 Q4
2/10/20260.51USD1.57 BUSD2025 Q4
5/1/20240.87USD2.13 BUSD2024 Q1
2/20/20240.59USD1.61 BUSD2023 Q4
8/1/20230.14USD1.26 BUSD2023 Q2
5/2/20230.87USD1.97 BUSD2023 Q1
2/21/20230.47USD1.36 BUSD2022 Q4
11/7/20220.12USD1.04 BUSD2022 Q3
8/3/20220.13USD1.08 BUSD2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the NiSource stock

76/100
84
Environment
86
Social
59
Governance
E

Environment

20
Scope 1 - Direct Emissions5,492,279
Scope 2 - Indirect emissions from purchased energy59,780
Scope 3 - Indirect emissions within the value chain13,422,309
Total CO₂ emissions5,552,059
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees27.6
Percentage of women in management
Percentage of Asian employees1.04
Share of Asian management3.15
Percentage of Hispanic/Latino employees4.62
Hispano/Latino Management share5.67
Percentage of Black employees8.89
Black Management Share10.09
Percentage of white employees82.6
White Management Share77.8
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

NiSource shareholder structure

% Name
13.05952%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
10.85443%
T. Rowe Price Investment Management, Inc.
T. Rowe Price Investment Management, Inc.
7.54584%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
5.63438%
State Street Investment Management (US)
State Street Investment Management (US)
2.6258%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
1.98731%
Jennison Associates LLC
Jennison Associates LLC
...

NiSource Executives and Management Board

LY

Mr. Lloyd Yates

(64)

President, Chief Executive Officer, Director · since 2020

Compensation12.78 M USD
SA

Mr. Shawn Anderson

(43)

Chief Financial Officer, Executive Vice President

Compensation5.2 M USD
MB

Ms. Melody Birmingham

(53)

Executive Vice President, President - NiSource Utilities

Compensation3.3 M USD
WJ

Mr. William Jefferson

(63)

Executive Vice President, Chief Operating and Safety Officer

Compensation3.09 M USD
ML

Mr. Michael Luhrs

(52)

Executive Vice President - Strategy and Risk, Chief Commercial Officer

Compensation3.04 M USD

NiSource Supply Chain

Frequently asked questions about NiSource

The business model of NiSource Inc is primarily focused on the transportation, storage, and distribution of natural gas. As a prominent natural gas company, NiSource operates through its two major segments, namely Gas Distribution Operations and Gas Transmission and Storage. The Gas Distribution Operations segment involves the delivery of natural gas to residential, commercial, and industrial customers across various states. On the other hand, the Gas Transmission and Storage segment focuses on interstate natural gas pipeline and storage operations. With its comprehensive infrastructure and strategic investments, NiSource Inc strives to ensure reliable and affordable energy solutions for its customers.

All fundamentals and in-depth analysis of NiSource

Our stock analysis for NiSource stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of NiSource. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.