Nisource (NI) Debt to Equity (2009 - 2026)
Nisource (NI) posted Debt to Equity of $1.4 for Q1 2026, up 1.11% quarter-over-quarter from $1.39 in Q4 2025, and up 8.91% year-on-year from $1.29 in Q1 2025.
Nisource (NI) Debt to Equity (2009 - 2026) Analysis & Trends
Nisource (NI) has reported Debt to Equity for 18 consecutive years, with $1.4 the latest figure, recorded in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.4, up 8.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.4 (up 8.91% YoY), and the FY2025 annual result was $1.39, up 10.94% from the prior year.
- Debt to Equity was $1.4 for Q1 2026 at Nisource, up from $1.39 in the prior quarter.
- Over five years, Debt to Equity peaked at $1.83 in Q3 2023 and troughed at $1.1 in Q4 2023.
- Average Debt to Equity over 5 years is $1.38, with a median of $1.39 recorded in 2025.
- Year-over-year, Debt to Equity retreated 23.98% in 2022 and gained 24.48% in 2023.
- Over 5 years, Debt to Equity stood at $1.21 in 2022, then declined by 9.25% to $1.1 in 2023, then grew by 14.03% to $1.25 in 2024, then grew by 10.94% to $1.39 in 2025, then advanced by 1.11% to $1.4 in 2026.
- Per Business Quant data, the three most recent Debt to Equity figures were $1.4 in Q1 2026, $1.39 in Q4 2025, and $1.4 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | 0.64 |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | 1.40 |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | 1.25 |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | 1.30 |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | 1.05 |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | 0.68 |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | 0.89 |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | 0.12 |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | 0.74 |
| 10 | Rgc Resources | 248.35 Mn | 244.36 Mn | 39.84 Mn | 86,320.31 |
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 |