NiSource sets up $1.5 billion at-the-market stock sale program running through 2028
On October 31, 2025, NiSource entered into equity distribution agreements with eleven banks for an at-the-market program to sell up to $1.5 billion of common stock through December 31, 2028. The program replaces a $900 million program set up on February 22, 2024, and includes about $47.5 million of unsold shares from that program. The company has no obligation to sell any shares, and any sales would add to shares outstanding, while proceeds are intended for general corporate purposes.
Key points
- Program covers up to $1.5 billion gross sales price of common stock through December 31, 2028
- Sales agents receive commissions of up to 2% of sales prices
- Replaces the $900 million program established February 22, 2024, which had about $47.5 million unsold
- Proceeds intended for general corporate purposes, including capital expenditures, working capital and repaying existing debt
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.