Every material Form 8-K NiSource filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NiSource entered into a Seventh Amended and Restated Revolving Credit Agreement on December 11, 2025, replacing its existing facility. The filing says the facility increased by $650 million to $2.5 billion and its termination date moved from February 18, 2027 to December 11, 2030, giving the company more borrowing capacity for a longer period.
Facility size increased by $650 million to $2.5 billion
Termination date extended from February 18, 2027 to December 11, 2030
Standby letter of credit sublimit raised by $25 million to $175 million
Agreement removed provisions tied to environmental, social and governance targets that could have adjusted the Applicable Rate
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.
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
NiSource reported third-quarter 2025 results on October 29, 2025. GAAP diluted EPS rose to $0.20 from $0.19 a year earlier, while non-GAAP adjusted EPS fell to $0.19 from $0.20; the company reaffirmed the upper half of its 2025 adjusted EPS guidance of $1.85-$1.89 and introduced 2026 guidance of $2.02-$2.07. It also announced a consolidated capital expenditure plan of $28.0 billion, including about $7.0 billion for data centers, and a 2026-2033 adjusted EPS compound annual growth rate target of 8%-9%.
Q3 2025 GAAP net income available to common shareholders was $94.7 million, or $0.20 per diluted share, versus $85.7 million, or $0.19, in Q3 2024.
Q3 2025 non-GAAP adjusted EPS was $0.19, versus $0.20 in Q3 2024; nine-month adjusted EPS was $1.38, versus $1.26.
Reaffirmed upper half of 2025 non-GAAP adjusted EPS guidance of $1.85-$1.89; 2026 consolidated adjusted EPS guidance of $2.02-$2.07.
Consolidated capital expenditure plan of $28.0 billion, about $8.6 billion more than the prior five-year plan, with nearly $7.0 billion for data center investments.
NiSource reported second-quarter 2025 GAAP net income available to common shareholders of $102.2 million, or $0.22 per diluted share, up from $85.8 million, or $0.19, a year earlier. The company narrowed its 2025 non-GAAP adjusted EPS guidance to the upper half of $1.85-$1.89 and reaffirmed expected annual non-GAAP adjusted EPS growth of 6%-8% for 2025-2029, which shareholders would see as a higher earnings expectation for 2025.
Q2 2025 GAAP net income was $102.2 million, or $0.22 per diluted share, versus $85.8 million, or $0.19, in Q2 2024.
Q2 2025 non-GAAP adjusted EPS was $0.22, versus $0.21 in Q2 2024; adjusted net income was $101.9 million versus $94.7 million.
2025 non-GAAP adjusted EPS guidance was narrowed to the upper half of $1.85-$1.89.
The company reaffirmed 2025-2029 non-GAAP adjusted EPS growth of 6%-8% annually, backed by $19.4 billion of planned capital expenditures.
NiSource reported first-quarter 2025 results on May 7, 2025, with GAAP net income available to common shareholders of $474.8 million, or $1.00 per diluted share, up from $344.3 million, or $0.77, a year earlier. Non-GAAP adjusted EPS was $0.98, compared with $0.85 in the first quarter of 2024. The company reaffirmed its 2025 non-GAAP adjusted EPS guidance of $1.85-$1.89, which matters to shareholders because it signals no change to its earnings outlook.
GAAP net income available to common shareholders was $474.8 million, or $1.00 per diluted share, versus $344.3 million, or $0.77, in Q1 2024
Non-GAAP adjusted EPS was $0.98, versus $0.85 in Q1 2024; adjusted net income was $462.3 million versus $382.8 million
2025 non-GAAP adjusted EPS guidance of $1.85-$1.89 was reaffirmed, along with 8%-10% rate base growth and 6%-8% annual adjusted EPS growth for 2025-2029
Weather compared with normal reduced operating revenue by $16.8 million in Q1 2025, versus a $32.9 million benefit in Q1 2024
NiSource reported full-year 2024 results, with adjusted EPS of $1.75 above its guidance range and GAAP diluted EPS of $1.62, up from $1.48 in 2023. The company raised its 2025 adjusted EPS guidance to $1.85-$1.89 and increased its base capital expenditure plan to $19.4 billion, which it says should support 8%-10% rate base growth and 6%-8% annual adjusted EPS growth for 2025-2029.
2024 GAAP net income available to common shareholders was $739.7 million, or $1.62 per diluted share, versus $661.7 million, or $1.48, in 2023
2024 non-GAAP adjusted net income was $798.6 million, or $1.75 per share, versus $716.3 million, or $1.60, in 2023
2025 non-GAAP adjusted EPS guidance raised to $1.85-$1.89
Base capital expenditure plan increased to $19.4 billion from $19.3 billion, a $100 million increase
NiSource's compensation committee granted a one-time equity award to Michael Luhrs, Executive Vice President, Strategy Risk and Chief Commercial Officer, on January 22, 2025. The award is valued at $2 million on the grant date and vests in stages through 2028, which ties a portion of his pay to continued service.
Award granted January 22, 2025, by the Compensation and Human Capital Committee
Valued at $2 million on the grant date, consisting of 52,938 restricted stock units
Vests 33% on January 22, 2026, 33% on January 22, 2027 and 34% on January 22, 2028
Vesting may also occur in connection with certain separations from service
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NiSource filing is on SEC EDGAR ↗. 8-K briefs of other companies →