Nisource (NI) Operating Expenses (2009 - 2026)

Nisource (NI) posted Operating Expenses of $1.5 billion for Q1 2026, up 11.28% quarter-over-quarter from $1.4 billion in Q4 2025, and up 8.44% year-on-year from $1.4 billion in Q1 2025.

Nisource (NI) Operating Expenses (2009 - 2026) Analysis & Trends

Nisource (NI) has reported Operating Expenses for 18 consecutive years, with $1.5 billion the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.5 billion, up 8.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.9 billion (up 14.57% YoY), and the FY2025 annual result was $4.8 billion, up 20.18% from the prior year.
  • Operating Expenses was $1.5 billion for Q1 2026 at Nisource, up from $1.4 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.5 billion in Q1 2026 and troughed at $794.4 million in Q3 2023.
  • Average Operating Expenses over 5 years is $1.1 billion, with a median of $1.1 billion recorded in 2023.
  • Year-over-year, Operating Expenses retreated 21.75% in 2024 and rose 26.8% in 2025.
  • Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then slipped by 20.89% to $1.1 billion in 2023, then gained by 10.53% to $1.2 billion in 2024, then gained by 18.48% to $1.4 billion in 2025, then increased by 11.28% to $1.5 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $1.5 billion in Q1 2026, $1.4 billion in Q4 2025, and $975.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Atmos Energy 28.80 Bn 28.68 Bn - -
2 Nisource 22.46 Bn 24.65 Bn 1.83 Bn 1.54 Bn
3 Ugi 7.39 Bn 6.84 Bn 1.50 Bn 1.93 Bn
4 New Jersey Resources 5.67 Bn 5.53 Bn 826.91 Mn 638.37 Mn
5 Black Hills 5.61 Bn 5.58 Bn - 578.80 Mn
6 ONE Gas 4.80 Bn 4.77 Bn 438.14 Mn 248.54 Mn
7 Mdu Resources 4.26 Bn 4.20 Bn - 490.27 Mn
8 Chesapeake Utilities 2.94 Bn 2.94 Bn 102.40 Mn 8.00 Mn
9 Centuri Holdings 2.87 Bn 2.82 Bn 35.76 Mn 32.70 Mn
10 Rgc Resources 248.35 Mn 244.36 Mn 39.84 Mn 34.17 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.54 Bn
Dec 31, 2025 1.39 Bn
Sep 30, 2025 975.60 Mn
Jun 30, 2025 1.02 Bn
Mar 31, 2025 1.42 Bn
Dec 31, 2024 1.17 Bn
Sep 30, 2024 858.00 Mn
Jun 30, 2024 847.70 Mn
Mar 31, 2024 1.12 Bn
Dec 31, 2023 1.06 Bn
Sep 30, 2023 794.40 Mn
Jun 30, 2023 921.10 Mn
Mar 31, 2023 1.44 Bn
Dec 31, 2022 1.34 Bn
Sep 30, 2022 932.80 Mn
Jun 30, 2022 1.04 Bn
Mar 31, 2022 1.27 Bn
Dec 31, 2021 1.12 Bn
Sep 30, 2021 812.30 Mn
Jun 30, 2021 843.80 Mn