Nisource (NI) Raw Materials (2009 - 2026)
Nisource (NI) reported Raw Materials of $212.4 million for Q2 2026, up 13.2% from $187.7 million a year earlier and up 9.6% from the prior quarter.
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Analysis
Nisource (NI) Raw Materials (2009 - 2026) Analysis & Trends
At the end of FY2025, Nisource posted Raw Materials of $189 million, up 9.1% from FY2024.
- Raw Materials has increased for four consecutive years, with a five-year compound annual growth rate of 6.0% (FY2020 to FY2025).
- By year, Raw Materials came in at $173.3 million in FY2024 (+0.7%), $172.1 million in FY2023 (+13.7%), $151.4 million in FY2022 (+8.8%) and $139.1 million in FY2021 (-1.7%).
- The Q2 2026 figure ranks as the highest quarterly Raw Materials in data going back to Q4 2009.
- Year over year, Raw Materials has now increased in each of the last five quarters, with growth averaging 3.9% over the last eight quarters.
- The high point for year-over-year Raw Materials in five years was Q3 2023 (growth of 29.9%); the low point was Q3 2024 (a decline of 9.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $193.8 million (Q1 2026), $189 million (Q4 2025) and $183.3 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - |
| 10 | Nisource | 18.75 Bn | 20.72 Bn | 1.15 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 212.40 Mn |
| Mar 31, 2026 | 193.80 Mn |
| Dec 31, 2025 | 189.00 Mn |
| Sep 30, 2025 | 183.30 Mn |
| Jun 30, 2025 | 187.70 Mn |
| Mar 31, 2025 | 183.00 Mn |
| Dec 31, 2024 | 173.30 Mn |
| Sep 30, 2024 | 167.10 Mn |
| Jun 30, 2024 | 180.80 Mn |
| Mar 31, 2024 | 187.20 Mn |
| Dec 31, 2023 | 172.10 Mn |
| Sep 30, 2023 | 183.70 Mn |
| Jun 30, 2023 | 180.10 Mn |
| Mar 31, 2023 | 172.60 Mn |
| Dec 31, 2022 | 151.40 Mn |
| Sep 30, 2022 | 141.40 Mn |
| Jun 30, 2022 | 142.90 Mn |
| Mar 31, 2022 | 146.90 Mn |
| Dec 31, 2021 | 139.10 Mn |
| Sep 30, 2021 | 137.10 Mn |
API Access
Nisource Raw Materials API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=raw-materials&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "raw-materials", "ticker": "NI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=raw-materials&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();