NISOURCE INC. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $6.5B |
| Gross margin | — not reported |
| Operating income | $1.8B |
| Net income | $929.5M |
| Diluted EPS | $1.95 |
| Cash & equivalents | $110.1M |
| Total assets | $35.9B |
| Long-term debt | $15.5B |
Key takeaway
NiSource reported $6.5 billion in revenue and $929.5 million in net income for fiscal year 2025, supported by its regulated electric and gas utility base.
🔒 4 more takeaways in the full analysis
Beneath the surface
Cash of only $110.1 million against total debt near $16.2 billion (per the risk factors' $16,213.5 million disclosure) leaves NiSource with a substantial net debt position, highlighting reliance on continuous capital market access rather than internal liquidity.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for NI.
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