NI NiSource
Q3 2025 10-Q
NiSource (NI) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 29, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
AI Filing AnalysisQ3 2025 10-Q
Management Discussion & Analysis
- • Revenue $1,273.1M Q3 2025, up $196.8M (+18.3%) YoY; Nine months $4,739.3M, up $872.0M (+22.5%) YoY
- • Operating income margin 23.4% (Q3 2025) vs 20.3% (Q3 2024); Nine months margin 27.9% vs 26.8% YoY
Risk Factors
- • New risk: Construction of 400 MW battery storage and 2x1,300 MW turbines delayed or over budget could reduce Data Center Contract returns, require additional financing
- • Most materially updated: Increased financing needs and potential dilution due to expected significant long-term debt and equity issuance for new asset construction
Quarterly Financial SummaryXBRL
Revenue
$1.2B
▲ +18.6% YoY▼ -0.5% QoQ
Net Income
$95M
▲ +10.5% YoY▼ -7.3% QoQ
Operating Margin
24.0%
▲ +312bp YoY▲ +290bp QoQ
Net Margin
7.6%
▼ -56bp YoY▼ -56bp QoQ
ROE
1.0%
Total Assets
$34.4B
EPS (Diluted)
$0.20
▲ +5.3% YoY▼ -9.1% QoQ
Operating Cash Flow
$468M
▲ +37.6% YoY▼ -5.6% QoQ
Source: XBRL data from NiSource Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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