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NorthWestern Energy Group, Inc. NWE Q2 2026 earnings

Reported July 29, 2026 · After market close

Revenue$392.6MBeat by $15.4M
EPS$0.50Beat by $0.08
Revenue estimate$377.2M
EPS estimate$0.42
“We are pleased to report solid results for the quarter and exciting progress on the merger, In May, we received merger approval from the Federal Energy Regulatory Commission and the Nebraska Public Service Commission followed by approval from the South Dakota Public Utilities Commission in June. That leaves Montana as the only remaining regulatory approval needed for the merger. A hearing with the Montana Public Service Commission was held in May and we await their final order. In the meantime, we remain focused on executing our strategic priorities, delivering safe, reliable, and affordable service to our customers, and integration planning to position the combined company for long-term success.”
Management

Next report

Nov 4, 2026 (In 2 days)
Revenue estimate$412.3M
EPS estimate$0.73

Financials

Q2 2026

Income statement

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Revenue$392.6M+14.6%
Operating income$64.2M+5.7%
Net income$25.0M+17.7%
EPS (diluted)$0.40+14.3%

Balance sheet

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Cash & equivalents$4.2M-84.3%
Total debt$3.6B+13.3%
Total equity$2.9B+0.5%
Total assets$8.7B+7.0%

Cash flow

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Operating cash flow$73.8M+26.8%
CapEx$188.7M+46.4%
Free cash flow-$114.9M-62.6%

Valuation & ratios

Valuation

as of 10/30/26
See full
Market cap$4.87B+32.3%
Enterprise value$8.42B+22.9%
P/E28.4×+11.5×
P/S2.9×+0.5×

Profitability

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Operating margin18.8%-3.7pp
Net margin10.1%-4.6pp
FCF margin-11.4%+6.2pp

Returns & leverage

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Return on equity5.9%-2.0pp
Debt / equity1.2×+0.1×
Current ratio0.8×+0.1×

Segments

By geography

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Montana$123.0M+18.0%
South Dakota$34.5M+8.8%
Nebraska$4.2M-6.8%

By segment

See full
Regulated Electric Segment$324.3M—
Regulated Natural Gas$68.3M—

By product

See full
Total Revenue$392.6M—

FAQ

When did NorthWestern Energy Group, Inc. report Q2 2026 earnings?
NorthWestern Energy Group, Inc. (NWE) reported Q2 2026 earnings on July 29, 2026 after market close.
What were NorthWestern Energy Group, Inc.'s Q2 2026 revenue and EPS?
NorthWestern Energy Group, Inc. reported revenue of $392.6M and eps of $0.50 for Q2 2026.
Did NorthWestern Energy Group, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $377.2M by $15.4M. EPS beat the consensus estimate of $0.42 by $0.08.
How did NorthWestern Energy Group, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.6% from $342.7M a year earlier and eps grew 25.0% from $0.40.
Where can I find NorthWestern Energy Group, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001993004-26-000052) and the 10-Q periodic report (0001993004-26-000050) directly on SEC EDGAR. The filing index links above go to sec.gov.