Utilities
Price
$47.82
+2.03%Market Cap
$22.93B
Day High
$47.82
Day Low
$46.98
NI delivered solid Q1 2026 results with revenue growing 8.0% YoY to $2.32B and operating income rising 7.9% to $819.2M, though operating cash flow declined sharply by 35.6% to $442.3M and cash balances fell 72.3% to $71.9M, signaling potential working capital pressures.
Key risk: Liquidity and Working Capital Risk
Cash and equivalents fell 72.3% YoY to $71.9M, while the current ratio stands at 0.65, meaning current liabilities of $3.73B significantly exceed current assets of $2.41B. This imbalance could constrain NI's ability to meet short-term obligations without accessing external financing.
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