Nisource (NI) Free Cash Flow (2009 - 2026)
Nisource's (NI) quarterly Free Cash Flow came in at -$362.9 million in Q1 2026, down 839.1% YoY from $49.1 million in Q1 2025, and down 171.43% on a QoQ basis from -$133.7 million in Q4 2025.
Nisource (NI) Free Cash Flow (2009 - 2026) Analysis & Trends
Nisource (NI) has 18 years of Free Cash Flow data on file, last reported at -$362.9 million in Q1 2026.
- Quarterly Free Cash Flow fell 839.1% year-over-year to -$362.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$832.0 million (down 27.98% YoY) and the FY2025 annual result came in at -$420.0 million, up 49.55% from the prior year.
- Free Cash Flow eased to -$362.9 million in Q1 2026, from -$133.7 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $129.7 million in Q1 2022 to a low of -$477.0 million in Q3 2022.
- A 5-year average of -$183.5 million and a median of -$172.6 million in 2025 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2025 — Free Cash Flow jumped 136.83% — and 2026, when it plunged 839.1%.
- Tracing NI's Free Cash Flow over 5 years: stood at -$306.9 million in 2022, then fell by 17.63% to -$361.0 million in 2023, then jumped by 39.0% to -$220.2 million in 2024, then soared by 39.28% to -$133.7 million in 2025, then plunged by 171.43% to -$362.9 million in 2026.
- The last three Free Cash Flow figures came in at -$362.9 million (Q1 2026), -$133.7 million (Q4 2025), and -$172.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 29.11 Bn | 28.58 Bn | - | -399.43 Mn |
| 2 | Nisource | 20.21 Bn | 20.14 Bn | 867.50 Mn | -417.00 Mn |
| 3 | Ugi | 8.27 Bn | 7.79 Bn | 573.00 Mn | 16.00 Mn |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | -23.00 Mn |
| 5 | New Jersey Resources | 5.59 Bn | 5.55 Bn | 243.61 Mn | -30.34 Mn |
| 6 | ONE Gas | 5.17 Bn | 5.14 Bn | 272.01 Mn | 37.52 Mn |
| 7 | Mdu Resources | 4.31 Bn | 4.27 Bn | - | 14.87 Mn |
| 8 | Chesapeake Utilities | 3.32 Bn | 3.30 Bn | 150.20 Mn | -29.40 Mn |
| 9 | Centuri Holdings | 2.23 Bn | 2.18 Bn | 69.14 Mn | -7.89 Mn |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | 126.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -417.00 Mn |
| Jun 30, 2026 | -417.00 Mn |
| Mar 31, 2026 | -362.90 Mn |
| Mar 31, 2026 | -362.90 Mn |
| Dec 31, 2025 | -133.70 Mn |
| Dec 31, 2025 | -133.70 Mn |
| Sep 30, 2025 | -172.60 Mn |
| Sep 30, 2025 | -172.60 Mn |
| Jun 30, 2025 | -162.80 Mn |
| Jun 30, 2025 | -162.80 Mn |
| Mar 31, 2025 | 49.10 Mn |
| Mar 31, 2025 | 49.10 Mn |
| Dec 31, 2024 | -220.20 Mn |
| Dec 31, 2024 | -220.20 Mn |
| Sep 30, 2024 | -294.70 Mn |
| Sep 30, 2024 | -294.70 Mn |
| Jun 30, 2024 | -184.30 Mn |
| Jun 30, 2024 | -184.30 Mn |
| Mar 31, 2024 | -133.30 Mn |
| Mar 31, 2024 | -133.30 Mn |