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
DateValue
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%