Nisource (NI) Debt to Equity (2009 - 2026)
Nisource (NI) reported Debt to Equity of $1.4 for Q1 2026, up 8.91% on a YoY basis from $1.29 in Q1 2025, and up 1.11% quarter-over-quarter from $1.39 in Q4 2025.
Nisource (NI) Debt to Equity (2009 - 2026) Analysis & Trends
Nisource has reported Debt to Equity for 18 years, with the latest figure at $1.4 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 8.91% year-over-year to $1.4; the trailing twelve-month figure through Mar 2026 stood at $1.4 (up 8.91% YoY), and the FY2025 full-year result was $1.39, up 10.94% from the prior year.
- Debt to Equity for Q1 2026 stood at $1.4, up from $1.39 in the prior quarter.
- The five-year high for Debt to Equity was $1.83 in Q3 2023, with the low at $1.1 in Q4 2023.
- Historically, Debt to Equity has averaged $1.38 across 5 years, with a median of $1.39 in 2025.
- Annual changes were most pronounced in 2022 — Debt to Equity declined 23.98% — and 2023, when it increased 24.48%.
- Nisource's Debt to Equity stood at $1.21 in 2022, then decreased by 9.25% to $1.1 in 2023, then gained by 14.03% to $1.25 in 2024, then gained by 10.94% to $1.39 in 2025, then increased by 1.11% to $1.4 in 2026.
- The last three Debt to Equity figures came in at $1.4 (Q1 2026), $1.39 (Q4 2025), and $1.4 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 0.64 |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 1.40 |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 1.25 |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 1.30 |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 1.05 |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 0.68 |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 0.89 |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | 0.74 |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 0.12 |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.40 |
| Dec 31, 2025 | 1.39 |
| Sep 30, 2025 | 1.40 |
| Jun 30, 2025 | 1.43 |
| Mar 31, 2025 | 1.29 |
| Dec 31, 2024 | 1.25 |
| Sep 30, 2024 | 1.48 |
| Jun 30, 2024 | 1.31 |
| Mar 31, 2024 | 1.20 |
| Dec 31, 2023 | 1.10 |
| Sep 30, 2023 | 1.83 |
| Jun 30, 2023 | 1.66 |
| Mar 31, 2023 | 1.44 |
| Dec 31, 2022 | 1.21 |
| Sep 30, 2022 | 1.50 |
| Jun 30, 2022 | 1.34 |
| Mar 31, 2022 | 1.23 |
| Dec 31, 2021 | 1.34 |
| Sep 30, 2021 | 1.40 |
| Jun 30, 2021 | 1.39 |