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Filing Flows › NiSource (NI) › Q3 2026 › vs Q2 2026

NiSource (NI) Q3 2026 vs Q2 2026 (quarter over quarter)

NiSource's revenue rose $9.6M (+0.7%) from $1.3B in Q2 2026 to $1.3B in Q3 2026. Operating margin 26.2% against 17.7% (+8.5 pts).

NiSource, Q3 2026: revenue $1.3B (+5% year over year), operating margin 26.2%, net earnings $130M, operating cash flow $547M. The chart draws each line against Q2 2026, the increases inside each band.

NiSource: what changed, Q3 2026 vs Q2 2026NiSource: what changed, Q3 2026 vs Q2 2026Negative free cash flow (OCF …$236MWorking capital & other−$193MOperating cash flow−$134MOther operating costs−$116MOperating profit$112MPre-tax earnings$105MCosts & expenses−$103MCapital expenditures$102MNet earnings$84.0MDepreciation & amortization−$24.4M

Margins

Q3 2026Q2 2026Change
Operating margin26.2%17.7%+8.5 pts
Net margin10.0%3.5%+6.4 pts

Every line

LineQ3 2026Q2 2026Change%
Revenue$1.3B$1.3B$9.6M+0.7%
Operating profit$340M$228M$112M+49%
Costs & expenses$959M$1.1B−$103M-10%
Pre-tax earnings$152M$47.1M$105M+223%
Other expense, net$188M$181M$7.2M+4%
Cost of revenue$207M$194M$13.7M+7%
Other operating costs$752M$868M−$116M-13%
Net earnings$130M$45.5M$84.0M+185%
Minority interests$9.5M−$8.6M$18.1M—
Income tax$13.1M$10.2M$2.9M+28%
Depreciation & amortization$338M$362M−$24.4M-7%
Working capital & other$79.5M$273M−$193M-71%
Operating cash flow$547M$680M−$134M-20%
Capital expenditures$1.2B$1.1B$102M+9%
Negative free cash flow (OCF − capex)$653M$417M$236M+57%

Questions

How much did NiSource's revenue grow quarter over quarter in Q3 2026?

NiSource's revenue rose $9.6M (+0.7%) from $1.3B in Q2 2026 to $1.3B in Q3 2026. Operating margin 26.2% against 17.7% (+8.5 pts).

Q3 2026 results → · Compare in the interactive Sankey →