Nisource (NI) Cost of Revenue (2009 - 2026)

Nisource has reported Cost of Revenue for 18 years, with the latest figure at $489.2 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 14.35% year-over-year to $489.2 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (up 19.1% YoY), and the FY2025 full-year result was $1.6 billion, up 4.57% from the prior year.
• Cost of Revenue for Q1 2026 stood at $489.2 million, up from $481.5 million in the prior quarter.
• The five-year high for Cost of Revenue was $489.2 million in Q1 2026, with the low at $164.7 million in Q2 2024.
• Historically, Cost of Revenue has averaged $361.0 million across 5 years, with a median of $378.4 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue surged 67.28% — and 2024, when it tumbled 34.62%.
• Nisource's Cost of Revenue stood at $365.3 million in 2022, then declined by 18.81% to $296.6 million in 2023, then surged by 42.18% to $421.7 million in 2024, then increased by 14.18% to $481.5 million in 2025, then increased by 1.6% to $489.2 million in 2026.
• The last three Cost of Revenue figures came in at $489.2 million (Q1 2026), $481.5 million (Q4 2025), and $401.1 million (Q3 2025), per Business Quant data.