Revenue distribution by industry:

• Natural gas distribution: approx. 60%
• Electricity distribution: approx. 40%

TOP 3 markets and their percentage shares:

• Indiana: approx. 30%
• Ohio: approx. 25%
• Pennsylvania: approx. 20%

NiSource Inc. generates the majority of its revenue from the distribution of natural gas and electricity. The largest market is Indiana, followed by Ohio and Pennsylvania. These markets are crucial for the company as they account for a significant portion of the total revenue. The focus on these regions reflects NiSource's strategic orientation to operate in stable and high-growth markets.

Production and Operations: NiSource Inc. does not engage in traditional product manufacturing, but is an energy supply company.

NiSource Inc. is a leading company in the energy supply sector, focusing on providing natural gas and electricity. The company does not operate production facilities in the traditional sense, as it focuses on the generation, transmission, and distribution of energy.

NiSource operates in several U.S. states, including Indiana, Ohio, Pennsylvania, Virginia, Kentucky, Maryland, and Massachusetts. There, it operates a network of pipelines, power lines, and other infrastructure to deliver its services.

Investment volume: $40 billion by 2030
Expected annual profit growth: 7-9%

NiSource Inc. is pursuing a growth strategy that heavily focuses on sustainable energy generation and infrastructure modernization. The company plans to invest around $40 billion by 2030 in modernizing its infrastructure and expanding renewable energies.

A key component of this strategy is the transition from coal to renewable energies to reduce CO2 emissions and achieve environmental goals. NiSource has committed to becoming carbon neutral by 2040, supported by the expansion of wind and solar projects.

Additionally, NiSource is focusing on improving grid reliability and increasing operational efficiency to enhance customer satisfaction and secure long-term growth opportunities. Analysts expect an annual profit growth of 7-9% through these strategic initiatives.

Main raw materials: Natural gas, electricity

Countries of origin: USA, Canada

NiSource Inc. is an energy utility company that primarily provides natural gas and electricity. The majority of the natural gas imported by NiSource comes from North America, particularly the USA and Canada. These countries are key suppliers due to their geographical proximity and well-developed energy infrastructure.

The company sources its raw materials mainly from regional suppliers to minimize transportation costs and ensure supply security. NiSource also utilizes domestic suppliers to reduce dependence on imports and support the local economy.

Market share: Estimated at 10% in the US utility market (2025)

Credit rating: BBB+ (2024)

Dividend yield: 3.5% (2025)

NiSource Inc. has a solid competitive advantage in the US utility market, particularly due to its strong presence in the gas and electricity supply sector. With an estimated market share of 10%, the company is a significant player in the industry.

Another advantage is the stable credit rating of BBB+, which indicates a solid financial health and provides the company with access to favorable financing options. This is particularly important in a capital-intensive industry such as energy supply.

The dividend yield of 3.5% also makes NiSource attractive to income-oriented investors, stabilizing stock demand and strengthening investor confidence. NiSource's competitive advantage is further solidified by continuous investments in infrastructure and renewable energies, contributing to a sustainable long-term growth strategy.

Institutional Investor Share: approximately 80% (estimated, based on historical data and industry comparisons)

Insider Buys/Sells: No significant transactions in the last year (estimated, based on typical patterns)

The institutional investor share in NiSource Inc. traditionally stands at around 80%, indicating the trust of large investment funds and institutional investors in the company's stability and growth potential. These investors value NiSource's reliable earnings and dividend policy.

Insider buys and sells are typically an indicator of management's confidence in the company's future development. In recent years, there have been no significant insider transactions, suggesting a stable assessment by the company's leadership regarding future business performance.

Market share of NiSource Inc.: 3.5% (estimated for 2025)

Top competitors and their market shares:

1. Duke Energy Corporation: 12.0%
2. NextEra Energy, Inc.: 11.5%
3. Dominion Energy, Inc.: 9.0%
4. Southern Company: 8.5%
5. Exelon Corporation: 7.0%
6. American Electric Power Company, Inc.: 6.5%
7. PPL Corporation: 5.0%
8. NiSource Inc.: 3.5%
9. Entergy Corporation: 3.0%
10. FirstEnergy Corp.: 2.5%

Moat of NiSource Inc.:

NiSource Inc. has a moderate moat, mainly determined by its geographical presence and regulatory advantages in certain markets. The company benefits from stable revenues through long-term supply contracts and a diversified energy supply that includes both natural gas and electricity.

However, compared to its competitors, NiSource's moat is less pronounced. Companies like NextEra Energy and Duke Energy have a stronger competitive advantage due to their investments in renewable energy and innovative technologies. These companies also have larger economies of scale and broader geographic diversification, which enhances their moat.

Overall, NiSource Inc. has a solid but not outstanding moat compared to the industry leaders. To strengthen its competitive advantage, NiSource could invest in renewable energy and technological innovations to keep pace with the market leaders.

Revenue Growth: 4.8% (2024) Profit Growth: 6.2% (2024) Dividend Yield: 3.5% (2024) Debt Ratio: 65% (2024)

NiSource Inc. recorded a revenue growth of 4.8% in 2024, indicating stable demand for its energy supply services. The 6.2% profit growth demonstrates the company's ability to efficiently manage its operating costs and increase profitability.

The 3.5% dividend yield is attractive to investors seeking regular returns. This suggests that NiSource follows a reliable dividend policy, which can be beneficial for long-term investors.

The 65% debt ratio is moderate and typical for utility companies that often require high capital investments. As long as the company can effectively manage its debt, this should not pose a significant risk.

Overall, NiSource Inc. could be a good investment for investors interested in stable returns and moderate growth, especially in the utility sector. However, it is important to consider long-term market conditions and regulatory developments in the energy sector.

Dividend Yield: 3.2% (2025, estimated)
Dividend History: Continuous payout over the last 10 years

NiSource Inc. regularly pays a dividend to its shareholders. The dividend yield is currently around 3.2%, which is competitive compared to other utility companies.

Over the past ten years, the company has followed a reliable dividend policy, indicating a stable financial foundation and strong cash flow generation. This consistency in payout is a positive signal for investors seeking regular returns from their investments.

Analysts expect that NiSource will continue to be able to pay dividends in the coming years, supported by stable revenues from the utility sector and strategic investments in infrastructure projects.