Nisource annual free cash flow
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2024
2025
Nisource Free Cash Flow (FCF) History (NI)
Nisource reported −$420.0M in free cash flow for fiscal 2025, an increase of $412.5M from the previous fiscal year, with a free cash flow margin of −6.44%.
View full Nisource company overviewNisource free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$420.0M | $412.5M | — | −6.44% |
| 2024 | 2024-12-31 | −$832.5M | −$121.8M | — | −15.76% |
| 2023 | 2023-12-31 | −$710.7M | $83.0M | — | −13.29% |
| 2022 | 2022-12-31 | −$793.7M | −$173.6M | — | −13.83% |
| 2021 | 2021-12-31 | −$620.1M | $34.0M | — | −13.11% |
| 2020 | 2020-12-31 | −$654.1M | −$435.0M | — | −14.62% |
| 2019 | 2019-12-31 | −$219.1M | $1.06B | — | −4.34% |
| 2018 | 2018-12-31 | −$1.28B | −$324.5M | — | −25.61% |
| 2017 | 2017-12-31 | −$953.6M | −$281.7M | — | −20.16% |
| 2016 | 2016-12-31 | −$671.9M | −$768.0M | — | −15.30% |
| 2015 | 2015-12-31 | $96.1M | $59.0M | +159.03% | +2.07% |
| 2014 | 2014-12-31 | $37.1M | −$194.6M | −83.99% | +0.70% |
| 2013 | 2013-12-31 | $231.7M | $455.0M | — | +5.01% |
| 2012 | 2012-12-31 | −$223.3M | $29.2M | — | −4.44% |
| 2011 | 2011-12-31 | −$252.5M | −$176.6M | — | −4.39% |
| 2010 | 2010-12-31 | −$75.9M | −$964.9M | — | −1.19% |
| 2009 | 2009-12-31 | $889.0M | $1.60B | — | +13.37% |
| 2008 | 2008-12-31 | −$714.6M | — | — | −8.05% |
Nisource quarterly free cash flow
Q3.09
Q1.10
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Q2.24
Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$417.0M | −$254.2M | — | −32.34% |
| Q1 2026 | 2026-03-31 | −$362.9M | −$412.0M | — | −15.63% |
| Q4 2025 | 2025-12-31 | −$133.7M | $86.5M | — | −7.09% |
| Q3 2025 | 2025-09-30 | −$172.6M | $122.1M | — | −13.92% |
| Q2 2025 | 2025-06-30 | −$162.8M | $21.5M | — | −13.06% |
| Q1 2025 | 2025-03-31 | $49.1M | $182.4M | — | +2.28% |
| Q4 2024 | 2024-12-31 | −$220.2M | $140.8M | — | −14.30% |
| Q3 2024 | 2024-09-30 | −$294.7M | $84.1M | — | −28.17% |
| Q2 2024 | 2024-06-30 | −$184.3M | −$87.1M | — | −17.48% |
| Q1 2024 | 2024-03-31 | −$133.3M | −$259.6M | — | −8.11% |
| Q4 2023 | 2023-12-31 | −$361.0M | −$54.1M | — | −26.12% |
| Q3 2023 | 2023-09-30 | −$378.8M | $98.2M | — | −37.78% |
| Q2 2023 | 2023-06-30 | −$97.2M | $42.3M | — | −9.11% |
| Q1 2023 | 2023-03-31 | $126.3M | −$3.4M | −2.62% | +6.66% |
| Q4 2022 | 2022-12-31 | −$306.9M | −$40.3M | — | −18.23% |
| Q3 2022 | 2022-09-30 | −$477.0M | −$218.6M | — | −45.08% |
| Q2 2022 | 2022-06-30 | −$139.5M | $36.9M | — | −12.06% |
| Q1 2022 | 2022-03-31 | $129.7M | $48.4M | +59.53% | +7.05% |
| Q4 2021 | 2021-12-31 | −$266.6M | −$46.1M | — | −19.70% |
| Q3 2021 | 2021-09-30 | −$258.4M | $63.6M | — | −28.12% |
| Q2 2021 | 2021-06-30 | −$176.4M | −$147.0M | — | −18.52% |
| Q1 2021 | 2021-03-31 | $81.3M | $163.5M | — | +5.40% |
| Q4 2020 | 2020-12-31 | −$220.5M | −$79.6M | — | −19.12% |
| Q3 2020 | 2020-09-30 | −$322.0M | −$161.1M | — | −37.38% |
| Q2 2020 | 2020-06-30 | −$29.4M | −$66.7M | — | −3.15% |
| Q1 2020 | 2020-03-31 | −$82.2M | −$127.6M | — | −5.39% |
| Q4 2019 | 2019-12-31 | −$140.9M | $767.8M | — | −10.37% |
| Q3 2019 | 2019-09-30 | −$160.9M | $185.5M | — | −18.06% |
| Q2 2019 | 2019-06-30 | $37.3M | $78.5M | — | +3.85% |
| Q1 2019 | 2019-03-31 | $45.4M | $27.2M | +149.45% | +2.47% |
| Q4 2018 | 2018-12-31 | −$908.7M | −$641.9M | — | −63.28% |
| Q3 2018 | 2018-09-30 | −$346.4M | $259.6M | — | −40.48% |
| Q2 2018 | 2018-06-30 | −$41.2M | $138.7M | — | −4.20% |
| Q1 2018 | 2018-03-31 | $18.2M | −$80.9M | −81.63% | +1.06% |
| Q4 2017 | 2017-12-31 | −$266.8M | −$146.3M | — | −21.22% |
| Q3 2017 | 2017-09-30 | −$606.0M | −$240.0M | — | −68.60% |
| Q2 2017 | 2017-06-30 | −$179.9M | $7.4M | — | −18.16% |
| Q1 2017 | 2017-03-31 | $99.1M | $97.2M | +5115.79% | +6.20% |
| Q4 2016 | 2016-12-31 | −$120.5M | $53.9M | — | −10.07% |
| Q3 2016 | 2016-09-30 | −$366.0M | −$75.7M | — | −42.49% |
| Q2 2016 | 2016-06-30 | −$187.3M | −$387.2M | — | −20.87% |
| Q1 2016 | 2016-03-31 | $1.9M | −$359.0M | −99.47% | +0.13% |
| Q4 2015 | 2015-12-31 | −$174.4M | −$239.3M | — | −15.89% |
| Q3 2015 | 2015-09-30 | −$290.3M | −$464.4M | — | −35.52% |
| Q2 2015 | 2015-06-30 | $199.9M | $409.5M | — | +22.60% |
| Q1 2015 | 2015-03-31 | $360.9M | $353.2M | +4587.01% | +19.48% |
| Q4 2014 | 2014-12-31 | $64.9M | −$201.1M | −75.60% | +8.34% |
| Q3 2014 | 2014-09-30 | $174.1M | $485.6M | — | +20.77% |
| Q2 2014 | 2014-06-30 | −$209.6M | −$222.6M | — | −15.70% |
| Q1 2014 | 2014-03-31 | $7.7M | −$72.1M | −90.35% | +0.33% |
| Q4 2013 | 2013-12-31 | $266.0M | $408.9M | — | +47.09% |
| Q3 2013 | 2013-09-30 | −$311.5M | −$77.2M | — | −28.93% |
| Q2 2013 | 2013-06-30 | $13.0M | $47.3M | — | +1.08% |
| Q1 2013 | 2013-03-31 | $79.8M | −$108.4M | −57.60% | +4.48% |
| Q4 2012 | 2012-12-31 | −$142.9M | $129.5M | — | −10.30% |
| Q3 2012 | 2012-09-30 | −$234.3M | $36.8M | — | −24.50% |
| Q2 2012 | 2012-06-30 | −$34.3M | −$112.6M | — | −3.30% |
| Q1 2012 | 2012-03-31 | $188.2M | −$24.5M | −11.52% | +11.41% |
| Q4 2011 | 2011-12-31 | −$272.4M | −$417.7M | — | −22.28% |
| Q3 2011 | 2011-09-30 | −$271.1M | $15.7M | — | −25.37% |
| Q2 2011 | 2011-06-30 | $78.3M | −$42.8M | −35.34% | +6.37% |
| Q1 2011 | 2011-03-31 | $212.7M | $268.2M | — | +9.53% |
| Q4 2010 | 2010-12-31 | $145.3M | $464.4M | — | +8.53% |
| Q3 2010 | 2010-09-30 | −$286.8M | — | — | −25.20% |
| Q2 2010 | 2010-06-30 | $121.1M | — | — | +10.34% |
| Q1 2010 | 2010-03-31 | −$55.5M | — | — | −2.35% |
| Q3 2009 | 2009-09-30 | −$319.1M | — | — | −32.73% |
Nisource free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$654.1M to −$420.0M, a net increase of $234.1M. Nisource's latest reported quarter, Q2 2026, generated −$417.0M in free cash flow, a decrease of $254.2M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Nisource filings at SEC.gov ↗