**NiSource Inc. Reports Increased Net Income in Fiscal Year 2025**

NiSource Inc., an energy holding company with regulated natural gas and electric utility operations across six states, reported a net income attributable to common shareholders of $929.5 million for the year ended December 31, 2025, compared to $739.7 million in the previous fiscal year. This represents an increase of $189.8 million. The company's operating revenues also saw a significant rise, reaching $6.64 billion, up from $5.46 billion in 2024. Basic earnings per share increased to $1.96, while diluted earnings per share rose to $1.95.

The company's financial performance was driven by higher revenues, net of cost of energy, resulting from investments in safety and successful regulatory outcomes, as well as the addition of low- or zero-emission generation. These gains were partially offset by increased operation and maintenance expenses, higher depreciation expenses related to planned capital expenditures, and increased interest expenses. NiSource's two reportable segments, Columbia Operations and NIPSCO Operations, both contributed to the overall revenue growth.

Strategic developments for NiSource in 2025 included the execution of a power purchase agreement with GenCo to provide electricity to Amazon Data Services (ADS) data centers, as well as the continued development of renewable energy projects. The company also received orders for four rate cases across its operating territories. These strategic initiatives are aimed at providing safe and reliable service, while also adding value to stakeholders.

Key operational developments included the addition of 24,000 customers across the Columbia and NIPSCO operating segments and investments of $1.6 billion in infrastructure modernization. NiSource also completed the second and third phases of a Work and Asset Management (WAM) Enterprise Resource Planning (ERP) program, covering all gas distribution operations and generation assets, to optimize field operations. As of December 31, 2025, the company employed 7,668 full-time and 70 part-time active employees, with 32% of the workforce subject to collective bargaining agreements.

About NISOURCE INC.

NiSource Inc. is an energy holding company operating regulated natural gas and electric utilities serving approximately 3.8 million customers across six U.S. states. Its core segments include gas distribution and electric generation, focusing on safety, infrastructure investment, and environmental sustainability. The company emphasizes reliable service, regulatory compliance, and a transition to cleaner energy sources, including renewable and low-emission generation, while managing operational and regulatory risks.

This description was generated via AI from an annual report. Updated 8 months ago.

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