FINHUB Insights

NI · Q3 FY25 · Jul 1 – Sep 30, 2025

NiSource Q3 FY25: where the revenue came from and where it went

NiSource Q3 FY25: revenue $1.2B (+15% year over year). Net profit $0.1B. Largest cohort NIPSCO Operations $0.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 29, 2025 10-Q
Sankey diagram of NiSource's income statement for Q3 FY25: revenue of $1.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.2B +15% year over year
Gross profit$1B 84% margin
Operating profit$0.3B 24% margin
Net profit$0.1B 8% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 1.2 100% +15%
NIPSCO Operations 0.8 67% +21%
Columbia Operations 0.5 42% +15%
Cost of revenue−0.217%
Gross profit184% margin+0pp
Operating expenses−0.760%+0pp
Operating profit0.324% margin+4pp
Interest & other costs−0.2
Net profit0.18%+0pp
Filing on EDGAR More quarters of NI

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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