Nisource (NI) Tax Rate (2009 - 2026)
Nisource's (NI) quarterly Tax Rate came in at 13.36% in Q1 2026, down 335.0% YoY from 5.69% in Q1 2025, and down 17.35% on a QoQ basis from 16.17% in Q4 2025.
Nisource (NI) Tax Rate (2009 - 2026) Analysis & Trends
Nisource (NI) has 18 years of Tax Rate data on file, last reported at 13.36% in Q1 2026.
- Quarterly Tax Rate fell 335.0% year-over-year to 13.36% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.0% (down 121.0% YoY) and the FY2025 annual result came in at 16.75%, up 99.0% from the prior year.
- Tax Rate fell to 13.36% in Q1 2026, from 16.17% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 23.34% in Q2 2023 to a low of 3.72% in Q3 2023.
- A 5-year average of 16.05% and a median of 16.14% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate plunged 1184 bps — and 2024, when it jumped 1037 bps.
- Tracing NI's Tax Rate over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.90 Bn | 28.37 Bn | - | 19.98% |
| 2 | Nisource | 20.09 Bn | 20.02 Bn | 867.50 Mn | 21.66% |
| 3 | Ugi | 8.29 Bn | 7.81 Bn | 573.00 Mn | 17.39% |
| 4 | New Jersey Resources | 5.60 Bn | 5.56 Bn | 243.61 Mn | 29.25% |
| 5 | Black Hills | 5.60 Bn | 5.52 Bn | - | 11.40% |
| 6 | ONE Gas | 5.13 Bn | 5.10 Bn | 272.01 Mn | 17.58% |
| 7 | Mdu Resources | 4.32 Bn | 4.27 Bn | - | 14.81% |
| 8 | Chesapeake Utilities | 3.31 Bn | 3.29 Bn | 150.20 Mn | 27.43% |
| 9 | Centuri Holdings | 2.23 Bn | 2.19 Bn | 69.14 Mn | 50.03% |
| 10 | Brookfield Infrastructure | 2.21 Bn | 1.44 Bn | 572.00 Mn | -55.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.66% |
| Jun 30, 2026 | 21.66% |
| Jun 30, 2026 | 21.66% |
| Mar 31, 2026 | 13.36% |
| Mar 31, 2026 | 13.36% |
| Mar 31, 2026 | 13.36% |
| Dec 31, 2025 | 16.17% |
| Dec 31, 2025 | 16.17% |
| Dec 31, 2025 | 16.17% |
| Sep 30, 2025 | 16.14% |
| Sep 30, 2025 | 16.14% |
| Sep 30, 2025 | 16.14% |
| Jun 30, 2025 | 19.15% |
| Jun 30, 2025 | 19.15% |
| Jun 30, 2025 | 19.15% |
| Mar 31, 2025 | 16.71% |
| Mar 31, 2025 | 16.71% |
| Mar 31, 2025 | 16.71% |
| Dec 31, 2024 | 16.59% |
| Dec 31, 2024 | 16.59% |