NiSource Inc. NI NYSE

NiSource Inc. (NI) generated $712.6M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $846.3M, free cash flow was $-133.7M.

Free cash flow margin was -7% of revenue. Cash conversion ratio was 2.78x, indicating earnings are backed by cash.

The company returned $134M in dividends to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (80/100, Pass) — $-133.7M (-7% margin) supports a durable competitive advantage
• INCOME (55/100) — Cash conversion ratio was 2.78x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 58/100 with 4/7 criteria passed.