Revenue Growth Momentum
NI grew total revenue 8.0% year-over-year to $2.32B in Q1 2026 (vs. $2.15B in Q1 2025), demonstrating continued top-line expansion across its business segments.
NISOURCE INC. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: 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.
Drawn from management commentary in the Q1 2026 10-Q:
NI grew total revenue 8.0% year-over-year to $2.32B in Q1 2026 (vs. $2.15B in Q1 2025), demonstrating continued top-line expansion across its business segments.
Operating margin remained essentially flat at 35.3% (vs. 35.3% prior year), indicating that cost management kept pace with revenue growth despite a $29.7M increase in D&A to $288.3M.
Operating cash flow dropped 35.6% YoY to $442.3M from $686.4M, a significant divergence from net income growth of 6.8%, suggesting meaningful working capital headwinds or timing differences in cash collections.
Revenue
$2.32B
++8.04% YoY
EPS (Basic)
$1.06
++4.95% YoY
Operating Income
$819.2M
++7.87% YoY
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