Nisource (NI) Tax Rate (2009 - 2026)
Nisource (NI) reported Tax Rate of 13.36% for Q1 2026, down 335.0% on a YoY basis from 5.69% in Q1 2025, and down 17.35% quarter-over-quarter from 16.17% in Q4 2025.
Nisource (NI) Tax Rate (2009 - 2026) Analysis & Trends
Nisource has reported Tax Rate for 18 years, with the latest figure at 13.36% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 335.0% year-over-year to 13.36%; the trailing twelve-month figure through Mar 2026 stood at 15.0% (down 121.0% YoY), and the FY2025 full-year result was 16.75%, up 99.0% from the prior year.
- Tax Rate for Q1 2026 stood at 13.36%, down from 16.17% in the prior quarter.
- The five-year high for Tax Rate was 23.34% in Q2 2023, with the low at 3.72% in Q3 2023.
- Historically, Tax Rate has averaged 16.05% across 5 years, with a median of 16.14% in 2025.
- Annual changes were most pronounced in 2023 — Tax Rate plunged 1184 bps — and 2024, when it jumped 1037 bps.
- Nisource's Tax Rate stood at 15.63% in 2022, then increased by 1 bps to 15.72% in 2023, then gained by 6 bps to 16.59% in 2024, then fell by 3 bps to 16.17% in 2025, then retreated by 17 bps to 13.36% in 2026.
- The last three Tax Rate figures came in at 13.36% (Q1 2026), 16.17% (Q4 2025), and 16.14% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 20.68% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 13.36% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 21.21% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 23.44% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 11.68% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 17.06% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 5.46% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | 45.04% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 26.52% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | -70.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.36% |
| Mar 31, 2026 | 13.36% |
| Dec 31, 2025 | 16.17% |
| Dec 31, 2025 | 16.17% |
| Sep 30, 2025 | 16.14% |
| Sep 30, 2025 | 16.14% |
| Jun 30, 2025 | 19.15% |
| Jun 30, 2025 | 19.15% |
| Mar 31, 2025 | 16.71% |
| Mar 31, 2025 | 16.71% |
| Dec 31, 2024 | 16.59% |
| Dec 31, 2024 | 16.59% |
| Sep 30, 2024 | 14.08% |
| Sep 30, 2024 | 14.08% |
| Jun 30, 2024 | 14.58% |
| Jun 30, 2024 | 14.58% |
| Mar 31, 2024 | 15.96% |
| Mar 31, 2024 | 15.96% |
| Dec 31, 2023 | 15.72% |
| Dec 31, 2023 | 15.72% |