8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 3, 2026·SEC
Material company update
Feb 17, 2026·SEC
Northwestern Energy Group Inc(NWE)Earnings, Financials & Key Ratios
NWE•NASDAQ•Utilities
$69.69
23.7× P/E·Price updated Jul 6, 2026
AboutNorthWestern 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.Show more
- Revenue$1.61B+6.4%
- EBITDA$575M+4.4%
- Net Income$181M-19.2%
- Free Cash Flow-$130M+8.8%
- EBITDA Margin35.72%-1.8%
- Net Margin11.24%-24.0%
- ROE6.31%-20.6%
- Interest Coverage2.25-14.6%
- Debt/Equity1.14+5.0%
NWE Price & Volume
Northwestern Energy Group Inc (NWE) stock price & volume — 10-year historical chart
Loading chart...
Aggressive Infrastructure Expansion Pressures Capital Structure Stability
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Burning
Primary Risk:Regulatory lag and CAPEX
Key Thesis Takeaways
- NorthWestern Energy is currently navigating a capital-intensive growth phase, evidenced by a net property, plant, and equipment increase to $6.8 billion as of 2026Q1, aimed at expanding its regulated rate base.
- While this strategy supports long-term infrastructure modernization, it creates significant earnings volatility, as seen in the 17.6% year-over-year EPS decline reported in 2026Q1.
- Investors should monitor the company's reliance on external debt, which has risen to $3.3 billion, as regulatory lag and potential decommissioning costs for assets like the Colstrip facility may continue to strain cash flow and dividend coverage ratios.
Verdict Logic
while the 3.6% dividend yield provides income, the compressed OCF-to-dividend coverage ratio of 3.9x and the persistent negative free cash flow trend warrant caution regarding long-term capital sustainability.
NWE Growth Metrics
Northwestern Energy Group Inc (NWE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.86%
5 Years6.09%
3 Years2.91%
TTM9.06%
Profit CAGR
10 Years1.82%
5 Years3.13%
3 Years-0.35%
TTM-28.98%
EPS CAGR
10 Years-0.75%
5 Years-0.8%
3 Years-3.29%
TTM-29.17%
Return on Capital
10 Years4.66%
5 Years4.35%
3 Years4.42%
Last Year4.36%
NWE Recent Earnings
Northwestern Energy Group Inc (NWE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$1.31+1.6%
$1.29
Rev
$498M-0.9%
$502M
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$1.17-1.7%
$1.19
Rev
$414M+0.0%
$414M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.79+5.3%
$0.75
Rev
$387M-6.3%
$413M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.40+5.3%
$0.38
Rev
$343M-8.2%
$374M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $1.31vs $1.29+1.6% | $498Mvs $502M-0.9% |
| Q1 2026 | Feb 11, 2026 | $1.17vs $1.19-1.7% | $414Mvs $414M+0.0% |
| Q4 2025 | Oct 29, 2025 | $0.79vs $0.75+5.3% | $387Mvs $413M-6.3% |
| Q3 2025 | Jul 30, 2025 | $0.40vs $0.38+5.3% | $343Mvs $374M-8.2% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Northwestern Energy Group Inc (NWE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $69.69 | $4.29B | 23.70 | 6.38% | 11.24% | 6.31% | 3.77% | |
| $40.66 | $3.36B | 17.08 | 1.34% | 10.75% | 7.65% | — | |
| $90.49 | $3.8B | 13.82 | -1.99% | 21.34% | 15.21% | — | |
| $151.09 | $8.37B | 25.61 | -0.75% | 18.61% | 9.4% | — | |
| $52.00 | $6.02B | 18.84 | -1.95% | 7.22% | 6.25% | — | |
| $82.96 | $3.05B | 22.30 | 9.85% | 18.61% | 10.94% | — |
Compare NWE vs Peers
Northwestern Energy Group Inc (NWE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NWE SEC Filings & Documents
Northwestern Energy Group Inc (NWE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when NWE posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
NWE Frequently Asked Questions
Northwestern Energy Group Inc (NWE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Northwestern Energy Group Inc's revenue?
Northwestern Energy Group Inc (NWE) reported $1.64B in revenue for fiscal year 2025. This represents a 377% increase from $344.0M in 1996.
How fast is Northwestern Energy Group Inc growing?
Northwestern Energy Group Inc (NWE) grew revenue by 6.4% over the past year. This is steady growth.
Is NWE profitable?
Yes, Northwestern Energy Group Inc (NWE) is profitable, generating $167.6M in net income for fiscal year 2025 (11.2% net margin).
Dividend & Returns
Does NWE pay dividends?
Yes, Northwestern Energy Group Inc (NWE) pays a dividend with a yield of 3.77%. This makes it attractive for income-focused investors.
What is NWE's return on equity?
Northwestern Energy Group Inc (NWE) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.
What is Northwestern Energy Group Inc's free cash flow?
Northwestern Energy Group Inc (NWE) had negative free cash flow of $147.9M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is NWE's dividend sustainable?
Northwestern Energy Group Inc (NWE) has a dividend payout ratio of 89%. The dividend is reasonably covered.