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NiSource Inc. (NI) This fall 2025 Earnings Name Transcript



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Nisource inc. (ni) Q4 2025 Earnings Call February 11, 2026 11:00 AM est

Company Participants

Durgesh Chopra – Vice President of Investor Relations
Lloyd Yates – President, CEO & Director
Shawn Anderson – Executive VP & CFO
Michael Luhrs – Executive VP of Technology & Customer and Chief Commercial Officer
Melody Birmingham – Executive VP & Group President of NiSource Utilities

Conference Call Participants

Nicholas Campanella – Barclays Bank PLC, Research Division
Spark Li – Jefferies LLC, Research Division
William Appicelli – UBS Investment Bank, Research Division
Elias Jossen – JPMorgan Chase & Co, Research Division
Travis Miller – Morningstar Inc., Research Division
Paul Fremont – Ladenburg Thalmann & Co. Inc., Research Division

Presentation

Operator

Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q4 2025 NiSource Earnings Conference Call. (Operator Instructions).

I would now like to turn the call over to Durgesh Chopra, Vice President of Investor Relations. Durgesh, please go ahead.

Durgesh Chopra
Vice President of Investor Relations

Thank you, Tiffany. Good morning, and welcome to NiSource’s Fourth Quarter 2025 Investor Call. Joining me today are President and Chief Executive Officer, Lloyd Yates; Executive Vice President and Chief Financial Officer, Shawn Anderson; Executive Vice President of Technology, Customer and Chief Commercial Officer, Michael Luhrs; and Executive Vice President and Group President of NiSource Utilities, Melody Birmingham.

Today, we’ll review NiSource’s financial performance for the fourth quarter and share updates on operations, strategy and growth drivers. Then we’ll open the call for your questions. Slides for today’s call are available in the Investor Relations section of our website.

Some statements made during this presentation will be forward-looking. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed



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