Nisource (NI) Cost of Revenue (2009 - 2026)
Nisource's (NI) quarterly Cost of Revenue came in at $669.2 million in Q1 2026, up 3.35% YoY from $647.5 million in Q1 2025, and up 38.98% on a QoQ basis from $481.5 million in Q4 2025.
Nisource (NI) Cost of Revenue (2009 - 2026) Analysis & Trends
Nisource (NI) has 18 years of Cost of Revenue data on file, last reported at $669.2 million in Q1 2026.
- Quarterly Cost of Revenue rose 3.35% year-over-year to $669.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 18.56% YoY) and the FY2025 annual result came in at $1.6 billion, up 39.94% from the prior year.
- Cost of Revenue rose to $669.2 million in Q1 2026, from $481.5 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $765.1 million in Q1 2023 to a low of $164.7 million in Q2 2024.
- A 5-year average of $413.5 million and a median of $376.6 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue surged 68.07% — and 2023, when it sank 51.4%.
- Tracing NI's Cost of Revenue over 5 years: stood at $689.3 million in 2022, then slumped by 51.4% to $335.0 million in 2023, then increased by 12.42% to $376.6 million in 2024, then grew by 27.85% to $481.5 million in 2025, then soared by 38.98% to $669.2 million in 2026.
- The last three Cost of Revenue figures came in at $669.2 million (Q1 2026), $481.5 million (Q4 2025), and $193.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.90 Bn | 28.37 Bn | - | - |
| 2 | Nisource | 20.09 Bn | 20.02 Bn | 867.50 Mn | 474.90 Mn |
| 3 | Ugi | 8.29 Bn | 7.81 Bn | 573.00 Mn | 758.00 Mn |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 105.57 Mn |
| 5 | Black Hills | 5.60 Bn | 5.52 Bn | - | - |
| 6 | ONE Gas | 5.13 Bn | 5.10 Bn | 272.01 Mn | 139.63 Mn |
| 7 | Mdu Resources | 4.32 Bn | 4.27 Bn | - | - |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 51.70 Mn |
| 9 | Centuri Holdings | 2.23 Bn | 2.19 Bn | 69.14 Mn | 892.84 Mn |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 368.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 193.60 Mn |
| Jun 30, 2026 | 193.60 Mn |
| Mar 31, 2026 | 669.20 Mn |
| Mar 31, 2026 | 669.20 Mn |
| Dec 31, 2025 | 481.50 Mn |
| Dec 31, 2025 | 481.50 Mn |
| Sep 30, 2025 | 193.60 Mn |
| Sep 30, 2025 | 193.60 Mn |
| Jun 30, 2025 | 261.80 Mn |
| Jun 30, 2025 | 261.80 Mn |
| Mar 31, 2025 | 647.50 Mn |
| Mar 31, 2025 | 647.50 Mn |
| Dec 31, 2024 | 376.60 Mn |
| Dec 31, 2024 | 376.60 Mn |
| Sep 30, 2024 | 165.90 Mn |
| Sep 30, 2024 | 165.90 Mn |
| Jun 30, 2024 | 164.70 Mn |
| Jun 30, 2024 | 164.70 Mn |
| Mar 31, 2024 | 425.00 Mn |
| Mar 31, 2024 | 425.00 Mn |