NI · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

NISOURCE INC. · 2026-08-05 · Importance 55 · Surprise 32 · In source text

Net available liquidity increased to $2,098.0 million at June 30, 2026 from $2,024.1 million at December 31, 2025. The liquidity position included a $2,500.0 million revolving credit facility, $245.0 million of accounts-receivable programs, $692.0 million of commercial paper and $70.0 million of cash. NiSource’s debt-to-capitalization ratio was 52.6% versus a 70.0% revolving-credit covenant limit, and NiSource and NIPSCO retained stable investment-grade ratings from S&P, Moody’s and Fitch.

Key facts

• Cash provided by financing activities for the six months ended June 30, 2026: $943.8 million, a decrease of $607.7 million versus 2025. source
• Net available liquidity as of June 30, 2026: $2,098.0 million (up from $2,024.1 million at December 31, 2025). source
• In the event of a downgrade below investment grade, approximately $153.9 million of collateral would be required as of June 30, 2026. source
• NiSource expects to finance Pool Resource Assets construction and purchases through funds from data center contracts, debt, equity financing by NiSource, and capital contributions from Blackstone affiliates to NIPSCO Holdings II and Generation Holdings II. source
• As of June 30, 2026, NiSource's revolving credit facility capacity: $2,500.0 million (unchanged from December 31, 2025). source
• NiSource is subject to a covenant under its revolving credit facility requiring debt to capitalization ratio not to exceed 70.0%; the ratio as of June 30, 2026 was 52.6%. source
• Commercial paper outstanding as of June 30, 2026: $692.0 million (down from $736.0 million at December 31, 2025). source
• Accounts receivable programs capacity as of June 30, 2026: $245.0 million (up from $175.0 million at December 31, 2025). source

Impact estimates