Filing Flows › NiSource (NI) › Q2 2026
NiSource (NI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
NiSource (NI) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +3% from a year earlier and -44% from the quarter before. Operating margin was 17.7%, net earnings $45.5M (3.5% of revenue).
NiSource, Q2 2026: revenue $1.3B (+3% year over year), operating margin 17.7%, net earnings $45.5M, operating cash flow $680M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -44% | +3% |
| Operating profit | $228M | -72% | -13% |
| Net earnings | $45.5M | -91% | -55% |
| Operating cash flow | $680M | +54% | +37% |
What changed
Revenue was $1.3B in Q2 2026, up 3% year over year and down 44% from the previous quarter. NIPSCO Operations was the largest line at 55% of revenue. NIPSCO Operations added $0.05B year over year (up 8%), 117% of the total change. Columbia Operations declined 1%.
Operating profit was $0.23B, a 17.7% margin (down 3.4 points year over year). Operating profit fell $0.03B even though revenue rose $0.04B versus Q2 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $0.05B, down 55% year over year ($0.04B including minority interests, which bore $0.01B of losses). The effective tax rate was 21.7%.
Operating cash flow was $0.68B (up 37% year over year), 1844% of net income including minority interests. Non-cash charges added back $0.36B of depreciation and amortization. Working capital and other items added $0.28B. Capital expenditures of $1.1B exceeded it, leaving free cash flow of −$0.42B.
Questions
What was NiSource's revenue in the second quarter 2026?
NiSource (NI) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +3% from a year earlier and -44% from the quarter before.
Was NiSource profitable in the second quarter 2026?
Operating profit was $228M (17.7% of revenue) and net earnings $45.5M.
Source: NiSource 10-Q on SEC EDGAR.