{"data":{"ticker":"NI","slug":"nisource","name":"NiSource","exchange":"NYSE","sector":"Utilities","headquarters":"Merrillville, IN","ceo":"Lloyd M. Yates","employees":7668,"website":"https://www.nisource.com","founded":"1912","layers":[{"slug":"utilities-grid","name":"Utilities & Grid"}],"exposure":{"score":29,"tier":"Peripheral","rationale":"Named hyperscaler projects in NIPSCO's northern Indiana territory, including announced AWS and Google campuses, make the data center linkage concrete, and that load is a stated pillar of its growth plan. The regulated gas and electric base keeps the AI linked share of the business modest."},"quote":{"price":44.86,"change24hPct":0.65,"change7dPct":3.97,"change30dPct":14.54,"change1yPct":8.18,"high52w":48.43,"low52w":38.74,"marketCap":21517934592,"peRatio":23.01,"eps":1.95,"volume24h":240337450},"nextEarningsDate":"2026-10-28","summary":"NiSource is a regulated utility holding company serving electric and natural gas customers across six states. Its electric business, NIPSCO, serves northern Indiana, while its Columbia Gas utilities distribute natural gas in Ohio, Pennsylvania, Virginia, Kentucky and Maryland. It earns returns set by regulators on infrastructure investment.","explainer":["NiSource is a regulated utility holding company serving electric and natural gas customers across six states. Its electric business, NIPSCO, serves northern Indiana, while its Columbia Gas utilities distribute natural gas in Ohio, Pennsylvania, Virginia, Kentucky and Maryland. It earns returns set by regulators on infrastructure investment.","The AI story runs through northern Indiana. The region has attracted major hyperscaler commitments, including announced AWS and Google data center campuses in NIPSCO's territory, and NiSource has built a dedicated data center investment program into its growth plan. Serving that load means new generation, transmission and grid spending, which regulators allow the company to earn on.","Founded in 1912 and headquartered in Merrillville, Indiana, NiSource employs about 7,700 people and trades on the NYSE."],"buildoutRole":"NiSource operates in the Utilities & Grid layer of the AI buildout. Hyperscalers are pushing data center construction into the Midwest, and NIPSCO's northern Indiana territory has landed announced AWS and Google campuses. Those named projects make NiSource's data center exposure more concrete than most regulated utilities, and the company treats large-load investment as a stated pillar of its growth plan. The role remains that of a power supplier: NiSource earns regulated returns on the infrastructure the buildout requires, not AI revenue.","faq":[{"q":"What does NiSource do?","a":"NiSource is a regulated utility holding company based in Merrillville, Indiana. Its NIPSCO utility provides electricity and gas in northern Indiana, and its Columbia Gas companies distribute natural gas across Ohio, Pennsylvania, Virginia, Kentucky and Maryland."},{"q":"How is NiSource exposed to AI?","a":"Its NIPSCO territory has attracted announced hyperscaler data center campuses, including AWS and Google projects, and data center investment is a stated pillar of its growth plan. Supercycle rates it Peripheral with an AI Exposure Score of 29 out of 100."},{"q":"Which companies are building data centers in NiSource's territory?","a":"AWS and Google have announced data center campuses in northern Indiana, inside NIPSCO's service area. Serving those projects requires new generation and grid investment that NiSource earns regulated returns on."},{"q":"Who leads NiSource?","a":"Lloyd M. Yates serves as CEO. The company is headquartered in Merrillville, Indiana, employs about 7,700 people, and was founded in 1912. Its shares trade on the New York Stock Exchange under the ticker NI."},{"q":"Is NI a pure play AI stock?","a":"No. NiSource is a regulated gas and electric utility, and most of its business has nothing to do with AI. Named hyperscaler projects strengthen its growth story, but Supercycle classifies it as Peripheral."}],"history1y":[{"date":"2026-09-22","close":39.61},{"date":"2026-09-23","close":38.99},{"date":"2026-09-24","close":38.86},{"date":"2026-09-25","close":39.16},{"date":"2026-09-28","close":38.84},{"date":"2026-09-29","close":39.06},{"date":"2026-09-30","close":38.74},{"date":"2026-10-01","close":39.24},{"date":"2026-10-02","close":39.17},{"date":"2026-10-05","close":39.28},{"date":"2026-10-06","close":40.4},{"date":"2026-10-07","close":40.27},{"date":"2026-10-08","close":40.26},{"date":"2026-10-09","close":40.49},{"date":"2026-10-12","close":40.95},{"date":"2026-10-13","close":41.21},{"date":"2026-10-14","close":40.98},{"date":"2026-10-15","close":40.97},{"date":"2026-10-16","close":42.39},{"date":"2026-10-19","close":41.67},{"date":"2026-10-20","close":42.47},{"date":"2026-10-21","close":42.7},{"date":"2026-10-22","close":43.4},{"date":"2026-10-23","close":42.99},{"date":"2026-10-26","close":43.15},{"date":"2026-10-27","close":43.31},{"date":"2026-10-28","close":43.58},{"date":"2026-10-29","close":44.45},{"date":"2026-10-30","close":44.57},{"date":"2026-11-02","close":44.86}],"incomeStatements":[{"ticker":"NI","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":6642200000,"cost_of_revenue":3294600000,"gross_profit":3347600000,"operating_expense":0,"operating_income":1831900000,"net_income":929500000,"earnings_per_share":1.95,"earnings_per_share_diluted":1.95,"research_and_development":0,"selling_general_and_administrative_expenses":0,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"NI","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":5455100000,"cost_of_revenue":2647400000,"gross_profit":2807700000,"operating_expense":0,"operating_income":1463800000,"net_income":760400000,"earnings_per_share":1.62,"earnings_per_share_diluted":1.62,"research_and_development":0,"selling_general_and_administrative_expenses":13500000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"NI","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":5505400000,"cost_of_revenue":3028200000,"gross_profit":2477200000,"operating_expense":0,"operating_income":1298400000,"net_income":714300000,"earnings_per_share":1.48,"earnings_per_share_diluted":1.48,"research_and_development":0,"selling_general_and_administrative_expenses":24000000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"NI","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":5850600000,"cost_of_revenue":3599900000,"gross_profit":2250700000,"operating_expense":0,"operating_income":1161600000,"net_income":804100000,"earnings_per_share":1.7,"earnings_per_share_diluted":1.7,"research_and_development":0,"selling_general_and_administrative_expenses":-27600000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"NI","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":35858700000,"current_assets":2377200000,"cash_and_equivalents":110100000,"total_liabilities":24198800000,"current_liabilities":3457400000,"total_debt":16213500000,"shareholders_equity":9450100000,"retained_earnings":-315200000},{"ticker":"NI","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":31788100000,"current_assets":2080200000,"cash_and_equivalents":156600000,"total_liabilities":21119800000,"current_liabilities":4113400000,"total_debt":13960300000,"shareholders_equity":8684200000,"retained_earnings":-711700000},{"ticker":"NI","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":31077200000,"current_assets":4499400000,"cash_and_equivalents":2245400000,"total_liabilities":20940900000,"current_liabilities":5265100000,"total_debt":14127900000,"shareholders_equity":8269600000,"retained_earnings":-967000000},{"ticker":"NI","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":26736600000,"current_assets":2584300000,"cash_and_equivalents":40800000,"total_liabilities":18834800000,"current_liabilities":4660500000,"total_debt":11315500000,"shareholders_equity":7575400000,"retained_earnings":-1213600000}],"holders13f":[{"slug":"ray-dalio","personName":"Ray Dalio","fundName":"Bridgewater Associates","value":67045548,"portfolioPct":0.0027504639810613605,"change":"new","period":"2026-06-30"}],"news":[]},"meta":{"version":"v1","asOf":"2026-11-02","builtAt":"2026-11-03T05:33:49.902Z","tier":"free","source":"https://supercyclehq.com/stock/nisource","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/NI","html":"https://supercyclehq.com/stock/nisource","md":"https://supercyclehq.com/stock/nisource.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}