Nisource (NI) Operating Expenses (2009 - 2026)
Nisource's (NI) quarterly Operating Expenses came in at $1.1 billion in Q2 2026, up 9.23% on a YoY basis from $1.0 billion in Q2 2025, and down 27.83% quarter-over-quarter from $1.5 billion in Q1 2026.
Analysis
Nisource (NI) Operating Expenses (2009 - 2026) Analysis & Trends
Nisource (NI) has reported Operating Expenses for 18 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 9.23% year-over-year to $1.1 billion; the trailing twelve-month figure through Jun 2026 stood at $5.0 billion (up 12.26% YoY), and the FY2025 full-year result was $4.8 billion, up 20.18% from the prior year.
- Operating Expenses eased to $1.1 billion in Q2 2026 per NI's latest filing, from $1.5 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.5 billion in Q1 2026 and bottomed at $794.4 million in Q3 2023.
- Historically, Operating Expenses has averaged $1.1 billion across 5 years, with a median of $1.1 billion in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses fell 21.75% in 2024, then increased 26.8% in 2025.
- Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then decreased by 20.89% to $1.1 billion in 2023, then rose by 10.53% to $1.2 billion in 2024, then rose by 18.48% to $1.4 billion in 2025, then declined by 19.68% to $1.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.1 billion, $1.5 billion, and $1.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.05 Bn | 27.52 Bn | - | - |
| 2 | Nisource | 19.98 Bn | 19.91 Bn | 867.50 Mn | 1.11 Bn |
| 3 | New Jersey Resources | 5.41 Bn | 5.37 Bn | 243.61 Mn | 317.29 Mn |
| 4 | ONE Gas | 4.97 Bn | 4.94 Bn | 272.01 Mn | 238.68 Mn |
| 5 | Rgc Resources | 220.42 Mn | 217.40 Mn | 11.98 Mn | 15.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.11 Bn |
| 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 |