EBITDA for NiSource (NI)
According to NiSource's latest reported financial statements, the company's current EBITDA (TTM) is $3.02B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

NI
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$3.02B
YoY change
+16.9%
5Y CAGR
+23.0%
Peak year (2025)
$3.00B
Cumulative EBITDA
$58.95B
EBITDA history chart for NiSource (NI) from 1985 to 2025
EBITDA history table for NiSource (NI) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $3.00B | +16.9% | ||
| 2024 | $2.57B | +15.6% | ||
| 2023 | $2.22B | +3.4% | ||
| 2022 | $2.15B | +19.5% | ||
| 2021 | $1.80B | +68.8% | ||
| 2020 | $1.07B | -33.5% | ||
| 2019 | $1.60B | +116.2% | ||
| 2018 | $741.60M | -46.4% | ||
| 2017 | $1.38B | -2.8% | ||
| 2016 | $1.42B | +14.2% | ||
| 2015 | $1.25B | -3.0% | ||
| 2014 | $1.29B | +10.1% | ||
| 2013 | $1.17B | -26.6% | ||
| 2012 | $1.59B | +14.3% | ||
| 2011 | $1.39B | -0.5% | ||
| 2010 | $1.40B | +1.9% | ||
| 2009 | $1.37B | -9.1% | ||
| 2008 | $1.51B | +7.4% | ||
| 2007 | $1.41B | -5.2% | ||
| 2006 | $1.48B | +5.6% | ||
| 2005 | $1.41B | -12.2% | ||
| 2004 | $1.60B | -0.8% | ||
| 2003 | $1.61B | -5.0% | ||
| 2002 | $1.70B | +1.1% | ||
| 2001 | $1.68B | +78.4% | ||
| 2000 | $942.00M | +28.5% | ||
| 1999 | $732.90M | +11.2% | ||
| 1998 | $659.20M | +0.6% | ||
| 1997 | $655.50M | +6.5% | ||
| 1996 | $615.50M | +5.3% | ||
| 1995 | $584.50M | +6.4% | ||
| 1994 | $549.20M | -67.3% | ||
| 1993 | $1.68B | +6.0% | ||
| 1992 | $1.58B | +3.1% | ||
| 1991 | $1.54B | +0.9% | ||
| 1990 | $1.52B | -2.5% | ||
| 1989 | $1.56B | +2.3% | ||
| 1988 | $1.52B | +5.0% | ||
| 1987 | $1.45B | -10.7% | ||
| 1986 | $1.63B | -14.8% | ||
| 1985 | $1.91B | — |
EBITDA values are taken from NiSource's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual EBITDA for NiSource (NI) came in at $3.00B – grew 16.9% year-over-year.
Over 2020–2025 (5 years), NiSource EBITDA expanded at a +23.0% compound annual rate, sustaining 5 straight years of year-over-year growth.
The dataset's maximum EBITDA sits at $3.00B (2025); the minimum reading of $549.20M dates to 1994.
NiSource (NI) sits 9th of 8 Utilities peers we track on this metric, against a peer median of $8.40B.
NiSource EBITDA by Year
NiSource EBITDA 2025: $3.00B
NiSource EBITDA in 2025 was $3.00B, grew 16.9% from 2024. This figure represents the highest annual value in the available history.
NiSource EBITDA 2024: $2.57B
NiSource EBITDA in 2024 was $2.57B, grew 15.6% from 2023.
NiSource EBITDA 2023: $2.22B
NiSource EBITDA in 2023 was $2.22B, edged up 3.4% from 2022.
NiSource EBITDA 2022: $2.15B
NiSource EBITDA in 2022 was $2.15B, grew 19.5% from 2021.
NiSource EBITDA 2021: $1.80B
NiSource EBITDA in 2021 was $1.80B.
See more financial history for NiSource (NI).
Sector peers — EBITDA
Companies in the same sector as NiSource, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $16.16B | Utilities |
| Duke Energy Corporation (DUK) | $15.67B | Utilities |
| The Southern Company (SO) | $14.33B | Utilities |
| American Electric Power Company, Inc. (AEP) | $8.79B | Utilities |
| Dominion Energy, Inc. (D) | $8.02B | Utilities |
| Sempra (SRE) | $6.87B | Utilities |
| Constellation Energy Corporation (CEG) | $5.01B | Utilities |
| GE Vernova Inc. (GEV) | $3.68B | Utilities |
Frequently asked questions
What is NiSource's EBITDA?
- Latest reported EBITDA for NiSource (NI) is $3.02B (period ending December 31, 2025).
How has NiSource EBITDA changed year-over-year?
- NiSource (NI) EBITDA changed +16.9% year-over-year on the latest annual filing.
What is the long-term growth rate of NiSource EBITDA?
- NiSource (NI) EBITDA compound annual growth rate is +23.0% over the most recent 5 years available.
When did NiSource EBITDA hit its highest annual value?
- NiSource EBITDA reached its highest annual value of $3.00B in 2025.
What was NiSource EBITDA in 2024?
- NiSource (NI) EBITDA in 2024 was $2.57B.
What was NiSource EBITDA in 2025?
- NiSource (NI) EBITDA in 2025 was $3.00B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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