NiSource(NYSE) NI

NiSource Inc. delivers natural gas and electricity to families. It helps people heat homes and keep lights on every day. These services provide essential power through miles of underground pipes.

Essential Services for Everyday Life

• Columbia Operations: Natural gas distribution serving 2.4 million residential and commercial customers across five states; generated $1,927.1 million of operating revenues in the six months ended June 30, 2026.
• NIPSCO Electric: Generation and transmission of power for 497,006 customers in northern Indiana; generated $1,124.6 million of operating revenues in the six months ended June 30, 2026.
• NIPSCO Gas: Natural gas distribution for 878,816 customers in northern Indiana; generated $658.4 million of operating revenues in the six months ended June 30, 2026.

Plans for Growth and Transition

• Initiated the Value Captured program in early 2026 to improve operational efficiency and address rising customer costs.
• Advanced construction on a new natural gas generation facility and battery storage systems to support large data center contracts.
• Filed a 2024 Integrated Resource Plan, a long-term energy strategy, to manage power demand from data center growth through 2029.
• Received emergency orders to keep the R.M. Schahfer coal facility operating through Sept. 19, 2026, to meet regional energy needs.

Safety Through Regulated Investment

NiSource operates as a fully regulated utility, which means state agencies set the rates it charges to customers. This structure supports long-term investments in safety and the modernization of thousands of miles of energy pipelines.

Checking the Financial Vitals

• Operating revenues reached $3,705.5 million for the six months ended June 30, 2026, up $239.3 million year over year.
• Operating income was $1,047.3 million for the six-month period ended June 30, 2026, an increase of $25.0 million year over year.
• Net income available to common shareholders totaled $556.2 million for the first half of 2026.
• Cash from operating activities reached $1,122.7 million for the six months ended June 30, 2026.
• The company maintained a debt to capitalization ratio of 52.6% as of June 30, 2026.

Evolution of a Utility Leader

NiSource is transitioning from coal-fired power to a balanced mix of renewable energy and natural gas. Its ongoing modernization programs and expansion into data center support highlight its adaptation to a changing energy landscape.