NISOURCE INC. (NI) Form 10-Q — Aug 5, 2026

$NIForm 10-QFiled Aug 5, 2026, 6:38 AM ET0001111711-26-000088Original filing

NiSource's second-quarter 2026 results showed revenue growth but sharply lower earnings: operating revenues rose to $1,342.4 million from $1,283.0 million a year earlier, while net income available to common shareholders fell to $45.5 million from $102.2 million, cutting diluted EPS to $0.09 from $0.22. The earnings decline was driven by higher operation and maintenance expense, increased depreciation, and net interest expense that jumped to $199.2 million from $139.1 million. The quarter also absorbed roughly $30.5 million of workplace continuity costs from the April 2026 NIPSCO union lockout, which ended after new labor agreements were ratified in late April and early May.

Key figures

Eps: Q2 diluted $0.09 (vs $0.22 prior year); 1H diluted $1.15 (vs $1.22)
Revenue: Q2 2026: $1,342.4M (vs $1,283.0M); 1H 2026: $3,705.5M (vs $3,466.2M)
Net Income: Q2 attributable to NiSource: $45.5M (vs $102.2M); 1H: $552.6M (vs $577.0M)
Total Debt: $16,711.0M long-term debt incl. current portion plus $692.0M short-term borrowings at June 30, 2026
Revenue Yoy: +$59.4M in Q2; +$239.3M for 1H (as stated in filing)
Total Assets: $37,543.6M at June 30, 2026
Cash Position: $70.0M cash and cash equivalents at June 30, 2026
Shares Outstanding: 479,560,100 at July 29, 2026
Effective Tax Rate: Q2 21.7% (vs 19.1%); 1H 13.9% (vs 17.1%)
Dividends Per Share: $0.30 in Q2 2026; $0.90 for 1H 2026
Interest Expense Q2: $199.2M net (vs $139.1M prior year)
Operating Income1 H: $1,047.3M (vs $1,022.3M prior year)
Operating Income Q2: $228.1M (vs $262.9M prior year)
Pool Resource Capex: ~$600M incremental expected for Pool Resource Assets
May2026 Debt Issuance: $500.0M of 4.75% notes due 2031 and $750.0M of 5.30% notes due 2036; ~$1.236B net proceeds
Operating Cash Flow1 H: $1,122.7M (vs $1,181.8M prior year)
Atm Capacity Remaining: $1.15B of $1.5B program available at June 30, 2026; expires December 2028
Capital Expenditures1 H: $1,902.6M (vs $1,295.5M prior year)
Lockout Continuity Costs: $30.5M workplace continuity related expenses
Blackstone Contributions: $39.8M in Q2 and $47.8M in 1H 2026 from Generation Holdings II minority holders
Data Center Asset Program Cost: $9.25B-$9.75B estimated for Contract Assets and Pool Resource Assets
Schahfer202c Regulatory Asset: $102.2M deferred for 202(c) compliance costs; $38.0M Q1 recovery filing made in August 2026

Price after filing

1 day: 0.0%7 days: -5.7%30 days: -6.4%

Close on the filing date to close N calendar days later (from $44.53). Historical, not a forecast.

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