NiSource (NI) revenue breakdown
By segment, Columbia Operations is the largest at 51% of fiscal 2025 revenue; NIPSCO Operations grew fastest, 5% a year over 3 years.
Revenue by segment
Fiscal years, as NiSource reports them in its 10-K filings; fiscal 2025 total $6.5B.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Columbia Operations | — | — | — | — | $2.9B | $2.7B | $2.6B | $3.3B | 51% |
| NIPSCO Operations | — | — | — | — | $2.8B | $2.7B | $2.7B | $3.2B | 49% |
| Gas Distribution Operations | $3.4B | $3.5B | $3.0B | $3.1B | — | — | — | — | — |
| Electric Operations | $1.6B | $1.6B | $1.4B | $1.6B | — | — | — | — | — |
| Corporate and Other | — | — | — | $800,000 | — | — | — | — | — |
| Corporate and Other | $700,000 | $800,000 | $800,000 | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for NI.
Open NI in InvestinglyQuestions
Where does NiSource make its money?
In fiscal 2025, by segment: Columbia Operations $3.3B, NIPSCO Operations $3.2B.
From NiSource's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.