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NorthWestern Energy Group, Inc.

NWE

NorthWestern Energy Group is a regulated utility provider that delivers essential electricity and natural gas infrastructure to customers across Montana, South Dakota, Nebraska, and Yellowstone National Park.

Market cap
$4.45B+37.7%
Revenue$1.6B+9.1%
Net income$167.6M-29.0%
Free cash flow-$147.9M-10.3%
EPS (diluted)$2.72-29.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q1 2026

Income statement

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Revenue$497.6M+6.6%
Operating income$114.1M-8.5%
Net income$63.5M-17.5%
EPS (diluted)$1.03-17.6%

Balance sheet

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Cash & equivalents$27.6M-65.5%
Total debt$3.3B+6.5%
Total equity$2.9B+0.4%
Total assets$8.6B+5.9%

Cash flow

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Operating cash flow$159.4M+3.9%
CapEx$116.1M+26.0%
Free cash flow$43.3M-29.3%

Valuation & ratios

Valuation

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Market cap$4.45B+37.7%
Enterprise value$7.76B+22.5%
P/E26.5×+12.2×
P/S2.7×+0.6×

Profitability

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Operating margin19.2%-3.8pp
Net margin10.2%-5.5pp
FCF margin-9%+0.1pp

Returns & leverage

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Return on equity5.8%-2.5pp
Debt / equity1.1×+0.1×
Current ratio0.7×-0.5×

Segments

By geography

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Montana$168.6M+1.3%
South Dakota$43.2M+6.6%
Nebraska$11.2M-15.5%

By segment

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Regulated Electric Segment$362.1M
Regulated Natural Gas$135.5M

By product

See full
Total Revenue$497.6M

Competitors

Profile

NorthWestern Energy Group is a regulated utility provider that delivers essential electricity and natural gas infrastructure to customers across Montana, South Dakota, Nebraska, and Yellowstone National Park. The company manages a diverse energy portfolio including hydro, wind, coal, and natural gas resources to provide reliable, low-cost energy solutions. Its core value proposition centers on maintaining high reliability standards and affordable rates through a balanced mix of owned generation and long-term supply contracts.

Competitive position

A dominant regional utility provider with a significant service territory in Montana and the Dakotas, currently undergoing a major merger to increase scale and financial stability.

GeographiesMontana, South Dakota, Nebraska, Wyoming, United States
Customer segmentsResidential, Commercial, Industrial, Municipal/Government
Business modelRegulated Utility, Infrastructure Operator, Energy Generation
SuppliersCoal Mining Operators, Natural Gas Producers, Renewable Energy Project Developers, Power Plant Equipment Manufacturers
CustomersResidential Households, Commercial Businesses, Industrial Manufacturers, Rural Electric Cooperatives
Listed2004
Employees1.6K
CEOBrian Bird
SectorUtilities
FilingsSEC EDGAR

Questions, answered.

What is NorthWestern Energy Group, Inc.'s market cap?
NorthWestern Energy Group, Inc. (NWE) has a market capitalization of $4.4B and trades on NASDAQ.
What is NorthWestern Energy Group, Inc.'s revenue and profitability?
NorthWestern Energy Group, Inc. generated $1.6B in trailing twelve-month revenue with net income of $167.6M, representing a net margin of 10.2%, with free cash flow of -$147.9M. These figures are based on the Q1 2026 filing.
Who are NorthWestern Energy Group, Inc.'s competitors?
NorthWestern Energy Group, Inc.'s key competitors include Xcel Energy Inc., Otter Tail Corporation, MDU Resources Group, Inc., and others. These companies compete in similar markets and product categories.
Who does NorthWestern Energy Group, Inc. partner with?
NorthWestern Energy Group, Inc.'s notable partners include Black Hills Corporation, Talen Montana, LLC, Avista Corporation, and others.
What subsidiaries does NorthWestern Energy Group, Inc. have?
NorthWestern Energy Group, Inc.'s subsidiaries include NorthWestern Corporation, NWE Public Service, NW Colstrip 370.
Where is NorthWestern Energy Group, Inc. headquartered?
NorthWestern Energy Group, Inc. is headquartered in United States of America and employs approximately 1,573 people. It has been publicly traded since 2004.