Filing Flows › NiSource (NI) › Q2 2026 › vs Q2 2025
NiSource (NI) Q2 2026 vs Q2 2025 (year over year)
NiSource's revenue rose $43.0M (+3%) from $1.2B in Q2 2025 to $1.3B in Q2 2026. The biggest changes: NIPSCO Operations +$50.5M (+8%); Columbia Operations −$7.5M (-1%). Operating margin 17.7% against 21.1% (-3.4 pts).
NiSource, Q2 2026: revenue $1.3B (+3% year over year), operating margin 17.7%, net earnings $45.5M, operating cash flow $680M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.7% | 21.1% | -3.4 pts |
| Net margin | 3.5% | 8.2% | -4.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| NIPSCO Operations | $705M | $654M | $50.5M | +8% |
| Columbia Operations | $585M | $592M | −$7.5M | -1% |
| Revenue | $1.3B | $1.2B | $43.0M | +3% |
| Operating profit | $228M | $263M | −$34.8M | -13% |
| Costs & expenses | $1.1B | $984M | $77.8M | +8% |
| Pre-tax earnings | $47.1M | $124M | −$77.2M | -62% |
| Other expense, net | $181M | $139M | $42.4M | +31% |
| Cost of revenue | $194M | $262M | −$68.2M | -26% |
| Other operating costs | $868M | $722M | $146M | +20% |
| Loss borne by minority interests | $8.6M | $1.7M | $6.9M | +406% |
| Net earnings | $45.5M | $102M | −$56.7M | -55% |
| Income tax | $10.2M | $23.8M | −$13.6M | -57% |
| Depreciation & amortization | $362M | $287M | $75.5M | +26% |
| Working capital & other | $273M | $106M | $166M | +156% |
| Operating cash flow | $680M | $495M | $185M | +37% |
| Capital expenditures | $1.1B | $658M | $439M | +67% |
| Negative free cash flow (OCF − capex) | $417M | $163M | $254M | +156% |
Questions
How much did NiSource's revenue grow year over year in Q2 2026?
NiSource's revenue rose $43.0M (+3%) from $1.2B in Q2 2025 to $1.3B in Q2 2026.
What drove NiSource's revenue change in Q2 2026?
NIPSCO Operations +$50.5M (+8%); Columbia Operations −$7.5M (-1%).