Nisource (NI) Tax Rate (2009 - 2026)
Nisource's (NI) quarterly Tax Rate came in at 21.66% in Q2 2026, up 251.0% on a YoY basis from 6.17% in Q2 2025, and up 62.04% quarter-over-quarter from 13.36% in Q1 2026.
Analysis
Nisource (NI) Tax Rate (2009 - 2026) Analysis & Trends
Nisource (NI) has reported Tax Rate for 18 consecutive years, with 21.66% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 251.0% year-over-year to 21.66%; the trailing twelve-month figure through Jun 2026 stood at 14.82% (down 186.0% YoY), and the FY2025 full-year result was 16.75%, up 99.0% from the prior year.
- Tax Rate improved to 21.66% in Q2 2026 per NI's latest filing, from 13.36% in the prior quarter.
- Across five years, Tax Rate topped out at 23.34% in Q2 2023 and bottomed at 3.72% in Q3 2023.
- Historically, Tax Rate has averaged 16.37% across 5 years, with a median of 16.16% in 2025.
- The sharpest annual moves came in 2023 and 2024: Tax Rate sank 1184 bps in 2023, then surged 1037 bps in 2024.
- Over 5 years, Tax Rate stood at 15.63% in 2022, then gained by 1 bps to 15.72% in 2023, then climbed by 6 bps to 16.59% in 2024, then decreased by 3 bps to 16.17% in 2025, then surged by 34 bps to 21.66% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 21.66%, 13.36%, and 16.17% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.06 Bn | 27.54 Bn | - | 19.98% |
| 2 | Nisource | 19.98 Bn | 19.91 Bn | 867.50 Mn | 21.66% |
| 3 | New Jersey Resources | 5.39 Bn | 5.35 Bn | 243.61 Mn | 29.25% |
| 4 | ONE Gas | 4.94 Bn | 4.91 Bn | 272.01 Mn | 17.58% |
| 5 | Rgc Resources | 219.91 Mn | 216.89 Mn | 11.98 Mn | 21.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.66% |
| Mar 31, 2026 | 13.36% |
| Dec 31, 2025 | 16.17% |
| Sep 30, 2025 | 16.14% |
| Jun 30, 2025 | 19.15% |
| Mar 31, 2025 | 16.71% |
| Dec 31, 2024 | 16.59% |
| Sep 30, 2024 | 14.08% |
| Jun 30, 2024 | 14.58% |
| Mar 31, 2024 | 15.96% |
| Dec 31, 2023 | 15.72% |
| Sep 30, 2023 | 3.72% |
| Jun 30, 2023 | 23.34% |
| Mar 31, 2023 | 20.25% |
| Dec 31, 2022 | 15.63% |
| Sep 30, 2022 | 15.56% |
| Jun 30, 2022 | 17.70% |
| Mar 31, 2022 | 18.24% |
| Dec 31, 2021 | 13.57% |
| Sep 30, 2021 | 19.22% |