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| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,473 | $4,731 | $5,739 | $5,348 | $5,283 |
| Gross Profit | $1,211 | N/A | N/A | N/A | N/A |
| Operating Income | $551 | $1,007 | $1,266 | $1,296 | $1,456 |
| Net Income | -$18 | $585 | $804 | $714 | $760 |
Over the past five years, NiSource Inc.’s financial performance has shown marked improvements, particularly in operating and net income. In 2020, the company reported revenue of $4,473.2 million and an operating income of $550.8 million, but it faced a net loss of $17.6 million. The recovery in 2021 was notable, with revenue rising to $4,731.3 million and operating income nearly doubling to $1,006.9 million, while net income turned positive at $584.9 million—a significant swing from the previous loss. Although gross profit data beyond 2020 is unavailable (recorded as zero), the available operating and net income figures suggest that operational efficiencies or adjustments in cost structures may have played a role in the turnaround. From 2021 through 2024, revenue trended upward from $4,731.3 million to a peak of $5,738.6 million in 2022 before moderating around $5,282.9 million in 2024. Operating income continued its upward trajectory, reaching $1,455.5 million in 2024 from $1,006.9 million in 2021. Net income followed a similar pattern, rising from $584.9 million in 2021 to a peak of $804.1 million in 2022, with modest declines thereafter. These trends indicate strengthened operational performance and improved profitability margins, which are especially significant for a regulated utility company like NiSource Inc. In an industry characterized by stable yet regulated revenue streams, the ability to boost operating performance amid modest revenue fluctuations points to sound financial management and sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.