Nisource (NI) Tax Rate (2009 - 2026)
Nisource (NI) posted Tax Rate of 13.36% for Q1 2026, down 17.35% quarter-over-quarter from 16.17% in Q4 2025, and down 335.0% year-on-year from 5.69% in Q1 2025.
Nisource (NI) Tax Rate (2009 - 2026) Analysis & Trends
Nisource (NI) has reported Tax Rate for 18 consecutive years, with 13.36% the latest figure, recorded in Q1 2026.
- Tax Rate for Q1 2026 came in at 13.36%, down 335.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.0% (down 121.0% YoY), and the FY2025 annual result was 16.75%, up 99.0% from the prior year.
- Tax Rate was 13.36% for Q1 2026 at Nisource, down from 16.17% in the prior quarter.
- Over five years, Tax Rate peaked at 23.34% in Q2 2023 and troughed at 3.72% in Q3 2023.
- Average Tax Rate over 5 years is 16.05%, with a median of 16.14% recorded in 2025.
- Year-over-year, Tax Rate slumped 1184 bps in 2023 and soared 1037 bps in 2024.
- Over 5 years, Tax Rate stood at 15.63% in 2022, then advanced by 1 bps to 15.72% in 2023, then grew by 6 bps to 16.59% in 2024, then slipped by 3 bps to 16.17% in 2025, then dropped by 17 bps to 13.36% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 13.36% in Q1 2026, 16.17% in Q4 2025, and 16.14% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | 20.68% |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | 13.36% |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | 21.21% |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | 23.44% |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | 11.68% |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | 17.06% |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | 5.46% |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | 26.52% |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | 45.04% |
| 10 | Rgc Resources | 248.35 Mn | 244.36 Mn | 39.84 Mn | 22.58% |
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% |