NWE - NASDAQ

Northwestern Energy Group Inc

NWE·NASDAQ

$69.61

+0.65%

UtilitiesDiversified Utilities

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and various industrial customers. The company operates through Electric and Natural Gas segments. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities. The company operates 6,819 miles of electric transmission and 18,177 miles of electric distribution lines with approximately 400 transmission and distribution substations; and 2,166 miles of natural gas transmission and 4,945 miles of natural gas distribution lines with approximately 138 city gate stations in Montana. It also operates 1,308 miles of electric transmission and 2,320 miles of electric distribution lines in South Dakota; and 55 miles of natural gas transmission and 2,517 miles of natural gas distribution lines in South Dakota and Nebraska. The company serves approximately 753,600 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. NorthWestern Corporation was incorporated in 1923 and is based in Sioux Falls, South Dakota.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$4.28B

EPS2.9500

P/E Ratio23.60

Earnings Date07/29/2026

1.61B

Revenue

3Y+9.0%

5Y+34.0%

10Y+28.0%

181.09M

Net Income

-19%

3Y-1.0%

5Y+17.0%

10Y+10.0%

394.45M

Operating Cash Flow

-3%

3Y+28.0%

5Y+12.0%

10Y+36.0%

Northwestern Energy Group Inc Profit Bridge

NWE · NASDAQ

Revenue & Cost of Sales

Revenue1.61B

Cost of Goods Sold (284.92M)

Gross Profit1.33B

Operating Expenses

Operating Expenses (999.82M)

Operating Income325.82M

Other Income & Taxes

Interest Expense (150.35M)

Other Income/Expense-138.25M

Pretax Income187.56M

Income Tax (6.47M)

Net Income181.09M

Net Income

181.09M

Profitability Analysis

Gross Margin

82.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

20.2%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

11.2%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

3.5%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Northwestern Energy Group Inc Income Statement

NWE • NASDAQ

Northwestern Energy Group Inc Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
REVENUE
Revenue	1.6B	1.5B	1.4B	1.5B	1.4B	1.2B	1.3B	1.2B	1.3B	1.3B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	1.3B	1.2B	1.1B
GROSS PROFIT
Cost of Revenue	(284.9M)	(227.8M)	(640.8M)	(713.4M)	(425.5M)	(306.2M)	(527.1M)	(272.9M)	(410.3M)	(401M)	(372.9M)	(482.6M)	(479.5M)	(395.4M)	(494.6M)	(531.1M)	(573.7M)	(698.7M)	(668.4M)	(1.2B)
Gross Profit	1.3B	1.3B	781.4M	764.4M	946.8M	892.5M	730.8M	919.1M	895.3M	856.3M	841.4M	722.3M	675M	674.9M	622.8M	579.6M	568.2M	562.1M	531.7M	-94.5M
OPERATING INCOME
Operating Expenses	(999.8M)	(962.7M)	(480.9M)	(501.3M)	(671.1M)	(656.3M)	(454M)	(652.9M)	(633.9M)	(610.3M)	(575.6M)	(544.3M)	(503.9M)	(473.7M)	(457.2M)	(417M)	(414.2M)	(391.8M)	(391.6M)	(1B)
Selling, General & Administrative	(158.2M)	(137.4M)	(117.4M)	(113.8M)	(101.9M)	(297.1M)	(116.8M)	(307.1M)	(305.1M)	(302.9M)	(297.5M)	(305.9M)	(285.6M)	(270M)	(267.2M)	(237M)	(245.6M)	(226.2M)	(221.6M)	(240.2M)
Operating Income	325.8M	323.3M	300.5M	263.1M	275.7M	236.2M	276.9M	266.3M	261.4M	245.9M	265.8M	178M	171M	177.2M	165.5M	162.6M	154M	170.2M	140.1M	110.4M
PRE-TAX INCOME
Interest Expense	(150.4M)	(131.7M)	(114.6M)	(100.1M)	(93.7M)	(96.8M)	(95.1M)	(92M)	(92.3M)	(95M)	(92.2M)	(77.8M)	(70.5M)	(65.1M)	(66.9M)	(65.8M)	(67.8M)	(64M)	(56.9M)	(56M)
Net Interest Income	-150.4M	-131.7M	-114.6M	-100.1M	-93.7M	-96.8M	-95.1M	-92M	-92.3M	-95M	-92.2M	-77.8M	-70.5M	-65.1M	-66.9M	-65.8M	-67.8M	-64M	-56.9M	-56M
Other Expenses	(841.6M)	(825.3M)	(363.5M)	(387.5M)	(569.2M)	(359.2M)	(337.2M)	(4M)	(6.9M)	(5.5M)	(7.6M)	(10.2M)	(7.7M)	(4.4M)	(190M)	(180M)	(168.6M)	(165.7M)	(170M)	(782.1M)
Total Other Income Expenses Net	-138.3M	-108.6M	-98.8M	-80.7M	-85.4M	-92M	-94.7M	-88M	-95.7M	-89.4M	-84.6M	-67.6M	-62.7M	-60.7M	-62.9M	-59.5M	-65.3M	-62.4M	-54.5M	-47M
Income Before Tax	187.6M	214.7M	201.7M	182.4M	190.3M	144.2M	182.2M	178.3M	176.1M	156.5M	181.2M	110.4M	108.3M	116.5M	102.6M	103.1M	88.7M	107.8M	85.6M	63.4M
NET INCOME
Income Tax Expense	(6.5M)	-9.4M	(7.5M)	-605K	(3.4M)	-11M	-19.9M	-18.7M	(13.4M)	-7.6M	(30M)	-10.3M	(14.3M)	(18.1M)	(10.1M)	(25.8M)	(15.3M)	(40.2M)	(32.4M)	(25.9M)
Net Income	181.1M	224.1M	194.1M	183M	186.8M	155.2M	202.1M	197M	162.7M	164.2M	151.2M	120.7M	94M	98.4M	92.6M	77.4M	73.4M	67.6M	53.2M	37.9M

SEC Filings

NWE - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 02, 2026	May 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	June 02, 2026	June 02, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 27, 2026	May 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 18, 2026	May 18, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	April 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 29, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 30, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 03, 2026	April 02, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 12, 2026	April 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 17, 2026	February 11, 2026	2026	View Filing

Showing 1 to 10 of 68 filings

Related Guides

Blog Categories

Continue your NWE research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.