Nisource (NI) Shares Outstanding (2009 - 2026)
Nisource (NI) posted Shares Outstanding of 479.7 million for Q2 2026, up 1.8% from 471 million a year earlier and up 0.1% from the prior quarter.
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Analysis
Nisource (NI) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Nisource's Shares Outstanding came in at 472.9 million, up 4.1% from FY2024.
- Annual Shares Outstanding has increased for 16 consecutive years, with a five-year compound annual growth rate of 4.2% (FY2020 to FY2025).
- In prior years, Nisource's Shares Outstanding was 454.2 million in FY2024 (+9.2%), 416.1 million in FY2023 (+2.2%), 407.1 million in FY2022 (+3.4%) and 393.6 million in FY2021 (+2.4%).
- The Q2 2026 figure stands as the highest quarterly Shares Outstanding in data going back to Q2 2009.
- On a year-over-year basis, Shares Outstanding has increased in each of the last 65 quarters, with growth averaging 5.1% over the last eight quarters.
- The year-over-year growth in Shares Outstanding has ranged between 1.7% (Q1 2023) and 9.3% (Q3 2024) over the last five years.
- According to Business Quant data, Shares Outstanding for the three prior quarters was 479 million (Q1 2026), 472.9 million (Q4 2025) and 472.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | 69.17 Bn |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | 989.20 Mn |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | 879.50 Mn |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | 625.00 Mn |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 325.80 Mn |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | 276.80 Mn |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 503.50 Mn |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | 168.35 Mn |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | 196.00 Mn |
| 10 | Nisource | 18.70 Bn | 20.67 Bn | 1.15 Bn | 479.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 479.70 Mn |
| Mar 31, 2026 | 479.00 Mn |
| Dec 31, 2025 | 472.90 Mn |
| Sep 30, 2025 | 472.10 Mn |
| Jun 30, 2025 | 471.00 Mn |
| Mar 31, 2025 | 470.40 Mn |
| Dec 31, 2024 | 454.20 Mn |
| Sep 30, 2024 | 451.90 Mn |
| Jun 30, 2024 | 448.50 Mn |
| Mar 31, 2024 | 447.90 Mn |
| Dec 31, 2023 | 416.10 Mn |
| Sep 30, 2023 | 413.50 Mn |
| Jun 30, 2023 | 413.30 Mn |
| Mar 31, 2023 | 412.80 Mn |
| Dec 31, 2022 | 407.10 Mn |
| Sep 30, 2022 | 406.50 Mn |
| Jun 30, 2022 | 406.40 Mn |
| Mar 31, 2022 | 406.00 Mn |
| Dec 31, 2021 | 393.60 Mn |
| Sep 30, 2021 | 393.20 Mn |
API Access
Nisource Shares Outstanding 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=shares-outstanding&ticker=NI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=NI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();