Filing Flows › NiSource (NI) › Q3 2026
NiSource (NI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
NiSource (NI) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.7% from the quarter before. Operating margin was 26.2%, net earnings $130M (10.0% of revenue).
NiSource, Q3 2026: revenue $1.3B (+5% year over year), operating margin 26.2%, net earnings $130M, operating cash flow $547M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +0.7% | +5% |
| Operating profit | $340M | +49% | +14% |
| Net earnings | $130M | +185% | +37% |
| Operating cash flow | $547M | -20% | +17% |
What changed
Revenue was $1.3B in Q3 2026, up 5% year over year and up 1% from the previous quarter. NIPSCO Operations was the largest line at 61% of revenue. NIPSCO Operations added $0.04B year over year (up 5%), 60% of the total change.
Operating profit was $0.34B, a 26.2% margin (up 2.2 points year over year). Of the extra revenue versus Q3 2025, 73% reached operating profit, above the 24% margin then. Total costs grew 2% against revenue growth of 5%. Net earnings were $0.13B, up 37% year over year. The effective tax rate was 8.6%.
Operating cash flow was $0.55B (up 17% year over year), 393% of net income including minority interests. Non-cash charges added back $0.34B of depreciation and amortization. Working capital and other items added $0.07B. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$0.65B.
Questions
What was NiSource's revenue in the third quarter 2026?
NiSource (NI) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.7% from the quarter before.
Was NiSource profitable in the third quarter 2026?
Operating profit was $340M (26.2% of revenue) and net earnings $130M.
Source: NiSource 10-Q on SEC EDGAR.