NISOURCE INC.

Electric & Other Services Combined·MERRILLVILLE, IN·FY end 12/31·CIK 1111711

CEO Pay Ratio

106:1

Lloyd Yates

CEO Total Comp

$13.2M

Lloyd Yates

Median Employee

—

Revenue

$6.5B

FY 2025

Net Income

$929.5M

FY 2025

Free Cash Flow

-$420.0M

FY 2025

Net Margin

14.3%

Insider Net (180d)

0 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

1.42%

For every $1,000 of profit, $14.20 flows to the CEO.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$6.5B	$5.3B	$5.3B	$5.7B	$4.7B
Gross Profit	—	—	—	—	—	—
Operating Income	$1.8B	$1.5B	$1.3B	$1.3B	$1.0B
Net Income	$929.5M	$760.4M	$714.3M	$804.1M	$584.9M
Operating CF	$2.4B	$1.8B	$1.9B	$1.4B	$1.2B
Capex	$2.8B	$2.6B	$2.6B	$2.2B	$1.8B
Free Cash Flow	-$420.0M	-$832.5M	-$710.7M	-$793.7M	-$620.1M
Buybacks	—	—	—	—	—	—
Dividends	$530.4M	$481.0M	$413.5M	$381.5M	$345.2M

Gross Margin	—	—	—	—	—	—
Operating Margin	28.1%	27.6%	24.2%	22.1%	21.3%
Net Margin	14.3%	14.4%	13.4%	14.0%	12.4%
FCF Margin	-6.4%	-15.8%	-13.3%	-13.8%	-13.1%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	—	—	—	—	—	—
Debt / Equity	—	—	—	—	—	—
Buybacks / FCF	—	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Lloyd YatesPresident and CEO	$1.2M	$9.6M	—	$2.3M	$124.5K	$13.2M
Michael LuhrsEVP, Technology, Customer and Chief Commercial Officer	$641.7K	$3.6M	—	$1.0M	$59.4K	$5.3M
Shawn AndersonEVP and CFO	$670.8K	$1.8M	—	$734.6K	$73.0K	$3.3M
Melody BirminghamEVP and Group President, Utilities	$686.7K	$1.7M	—	$751.9K	$56.6K	$3.2M
William JeffersonEVP, Chief Operating and Safety Officer	$645.8K	$1.6M	—	$707.2K	$69.8K	$3.0M