NorthWestern Energy Group, Inc. (NWE)
NorthWestern Energy Group, Inc. brought in $1.7B of revenue over the twelve months to September 30, 2026, up 10.1% from a year earlier. Net income was $163.9M, a net margin of 9.5%. In fiscal 2025 capital spending exceeded operating cash flow by $130M. At September 30, 2026 it held $6.5M in cash against $3.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about NorthWestern Energy Group, Inc.
- Net worth
- NorthWestern Energy Group, Inc. has a market value (market cap) of $5.2B at the latest share price, and shareholders' equity of $2.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.6B (+6.4% year on year), with net income of $181.1M. Over the 12 months to September 30, 2026: revenue $1.7B, net income $163.9M.
- Cash flow
- In fiscal 2025 operations brought in $394.5M of cash; after $524.5M of capital spending, free cash flow was -$130M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- NorthWestern Energy Group, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- NorthWestern Energy Group, Inc. declared dividends of $2.64 per share in fiscal 2025, a yield of 3.11% at the current price.
What NorthWestern Energy Group, Inc. does
NorthWestern Energy Group, Inc. is registered with the SEC under industry code SIC 4931 (Electric & Other Services Combined). Its shares trade on NASDAQ under the ticker NWE.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.6B | $181.1M | $2.94 | -$130M |
| 2024 | $1.5B | $224.1M | $3.65 | -$142.5M |
| 2023 | $1.6B | $194.1M | $3.22 | -$77.7M |
| 2023 | $1.5B | $183M | $3.25 | -$207.9M |
| 2021 | $1.4B | $186.8M | $3.60 | -$214.4M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NWE ranks in Utilities
Dividends
NorthWestern Energy Group, Inc. declared $2.64 per share in fiscal 2025. At the current price that is a yield of 3.11%. It paid out $161.4M in cash dividends, 89% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.64 | $161.4M | 89% |
| 2024 | $2.60 | $158.6M | 71% |
| 2023 | $2.56 | $154.1M | 79% |
| 2023 | $2.52 | $140.1M | 77% |
| 2021 | $2.48 | $128.5M | 69% |
Latest SEC filings
What NorthWestern Energy Group, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026
- November 5, 2026
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 9.5% to $423.8M versus the same quarter last year; diluted EPS $0.50 versus $0.62.
- September 9, 2026
- July 30, 2026
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 15% to $392.6M versus the same quarter last year; diluted EPS $0.40 versus $0.35.
- June 22, 2026
- June 2, 2026
- June 2, 2026
- May 27, 2026
Insider trades
What the people running NorthWestern Energy Group, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 8 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Yazdi MahvashDirector | Received as pay | 548 | $37.5K |
| October 1, 2026 | Horsfall Jan RobertDirector | Received as pay | 548 | $37.5K |
| October 1, 2026 | Sullivan Linda GDirector | Received as pay | 804 | $55K |
| October 1, 2026 | Goodin David LDirector | Received as pay | 548 | $37.5K |
| October 1, 2026 | Larson Kent TDirector | Received as pay | 548 | $37.5K |
| October 1, 2026 | Ide Britt EDirector | Received as pay | 548 | $37.5K |
| October 1, 2026 | Yingling Jeffrey W.Director | Received as pay | 548 | $37.5K |
| October 1, 2026 | Edwards Sherina M.Director | Received as pay | 548 | $37.5K |
Who owns NWE
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 5.71% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.32% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 375 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 9,070,752 | +789,222 |
| Vanguard Portfolio Management LLC | 3,548,697 | +58,960 |
| Vanguard Capital Management LLC | 2,790,136 | +7,429 |
| State Street Corp | 2,431,546 | +96,465 |
| Geode Capital Management, LLC | 1,788,900 | +94,546 |
| Franklin Resources Inc | 1,581,525 | -40,442 |
| Neuberger Berman Group LLC | 1,357,486 | +82,960 |
| Balyasny Asset Management L.P. | 1,285,897 | +375,337 |
| American Century Companies Inc | 1,238,268 | -319,599 |
| Systematic Financial Management LP | 1,121,956 | -10,109 |
| AQR Arbitrage LLC | 1,094,832 | +12,885 |
| Millennium Management LLC | 1,064,119 | -250,369 |
| Goldman Sachs Group Inc | 1,051,382 | -299,520 |
| Dimensional Fund Advisors LP | 1,035,633 | +12,403 |
| Citigroup Inc | 1,023,760 | +285,122 |
| Alliancebernstein L.P. | 1,061,407 | +245,094 |
| Hudson Bay Capital Management LP | 903,026 | +278,017 |
| Fmr LLC | 861,126 | +92,498 |
| Northern Trust Corp | 824,542 | +14,982 |
| Morgan Stanley | 821,726 | +48,525 |
Insiders
18 insiders reported holding 539,778 shares in total, about $45.8M at the last price.
| Holder | Shares |
|---|---|
| Bird Brian BPresident and CEO, Director | 218,047 |
| Hines John DVP - Energy Supply & MT Gov | 41,972 |
| Schroeppel Bobbi LVP - HR, Cust Care, Corp Comm | 38,485 |
| Sullivan Linda GDirector | 35,563 |
| Lail Crystal DawnVP and CFO | 35,081 |
| Cashell Michael RVP - Transmission | 27,342 |
| Yingling Jeffrey W.Director | 25,121 |
| Yazdi MahvashDirector | 23,603 |
| Ide Britt EDirector | 16,217 |
| Vold JeanneVP - Technology | 14,221 |
Questions about NWE
What does NorthWestern Energy Group, Inc. do?
NorthWestern Energy Group, Inc. is a company in the Utilities sector, listed on NASDAQ as NWE. Its shares trade on NASDAQ under the ticker NWE.
What is NorthWestern Energy Group, Inc.'s net worth?
NorthWestern Energy Group, Inc. has a market value (market cap) of $5.2B at the latest share price, and shareholders' equity of $2.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is NorthWestern Energy Group, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $163.9M on revenue of $1.7B, a net margin of 9.5%.
How much revenue does NorthWestern Energy Group, Inc. make?
Over the twelve months to September 30, 2026 NorthWestern Energy Group, Inc. reported revenue of $1.7B. That is 10.1% more than a year earlier.
When did NorthWestern Energy Group, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the investor disclosure from November 6, 2026.
When is NorthWestern Energy Group, Inc.'s next earnings report?
NorthWestern Energy Group, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does NorthWestern Energy Group, Inc. pay a dividend?
Yes. NorthWestern Energy Group, Inc. declared dividends of $2.64 per share in fiscal 2025, a yield of 3.11% at the current price.
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Where the numbers come from
Financial figures are the values NorthWestern Energy Group, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.