Operating Income for NiSource (NI)
According to NiSource's latest reported financial statements, the company's current operating income (TTM) is $1.84B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NI
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.84B
YoY change
+26.1%
5Y CAGR
+27.2%
Peak year (1985)
$1.91B
Cumulative operating income
$41.32B
Operating Income history chart for NiSource (NI) from 1985 to 2025
Operating Income history table for NiSource (NI) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.84B | +26.1% | ||
| 2024 | $1.46B | +12.4% | ||
| 2023 | $1.30B | +2.3% | ||
| 2022 | $1.27B | +25.7% | ||
| 2021 | $1.01B | +82.8% | ||
| 2020 | $550.80M | -38.2% | ||
| 2019 | $890.70M | +614.3% | ||
| 2018 | $124.70M | -86.5% | ||
| 2017 | $921.20M | +6.4% | ||
| 2016 | $866.10M | +8.3% | ||
| 2015 | $799.90M | +1.4% | ||
| 2014 | $789.10M | +13.0% | ||
| 2013 | $698.10M | -32.9% | ||
| 2012 | $1.04B | +13.7% | ||
| 2011 | $914.40M | +2.5% | ||
| 2010 | $891.80M | +11.3% | ||
| 2009 | $801.00M | -12.8% | ||
| 2008 | $919.00M | +6.0% | ||
| 2007 | $866.70M | -6.5% | ||
| 2006 | $927.40M | +9.9% | ||
| 2005 | $843.80M | -21.2% | ||
| 2004 | $1.07B | -2.4% | ||
| 2003 | $1.10B | -2.4% | ||
| 2002 | $1.12B | +11.5% | ||
| 2001 | $1.01B | +77.7% | ||
| 2000 | $567.80M | +29.7% | ||
| 1999 | $437.90M | +8.7% | ||
| 1998 | $402.70M | -0.7% | ||
| 1997 | $405.70M | +6.3% | ||
| 1996 | $381.50M | +1.1% | ||
| 1995 | $377.50M | +6.4% | ||
| 1994 | $354.90M | -78.8% | ||
| 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 | — |
Operating Income 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
As of the 2025 fiscal year, NiSource (NI) reported operating income of $1.84B – grew 26.1% year-over-year.
Over 2020–2025 (5 years), NiSource operating income expanded at a +27.2% compound annual rate, sustaining 5 straight years of year-over-year growth.
NiSource operating income peaked at $1.91B in 1985; the latest annual figure is $1.84B in 2025 (3.8% below peak).
The dataset's maximum operating income sits at $1.91B (1985); the minimum reading of $124.70M dates to 2018.
Within Utilities, NiSource (NI) ranks 8th among 8 peers we track. The peer median for operating income is $4.86B.
NiSource Operating Income by Year
NiSource Operating Income 2025: $1.84B
NiSource operating income in 2025 was $1.84B, grew 26.1% from 2024.
NiSource Operating Income 2024: $1.46B
NiSource operating income in 2024 was $1.46B, grew 12.4% from 2023.
NiSource Operating Income 2023: $1.30B
NiSource operating income in 2023 was $1.30B, edged up 2.3% from 2022.
NiSource Operating Income 2022: $1.27B
NiSource operating income in 2022 was $1.27B, grew 25.7% from 2021.
NiSource Operating Income 2021: $1.01B
NiSource operating income in 2021 was $1.01B.
See more financial history for NiSource (NI).
Sector peers — Operating Income
Companies in the same sector as NiSource, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is NiSource's operating income?
- Latest reported operating income for NiSource (NI) is $1.84B (period ending December 31, 2025).
How has NiSource operating income changed year-over-year?
- NiSource (NI) operating income changed +26.1% year-over-year on the latest annual filing.
What is the long-term growth rate of NiSource operating income?
- NiSource (NI) operating income compound annual growth rate is +27.2% over the most recent 5 years available.
When did NiSource operating income hit its highest annual value?
- NiSource operating income reached its highest annual value of $1.91B in 1985.
What was NiSource operating income in 2024?
- NiSource (NI) operating income in 2024 was $1.46B.
What was NiSource operating income in 2025?
- NiSource (NI) operating income in 2025 was $1.84B.
Metrics overview
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