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NorthWestern Energy Group, Inc. NWE Q4 2025 Annual earnings

Reported February 11, 2026 · After market close

Revenue$414.3MIn line
EPS$1.17Miss by $0.02
Revenue estimate$414.3M
EPS estimate$1.19

Next report

Date not yet announced

Financials

Q4 2025

Income statement

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Revenue$414.3M+10.9%
Operating income$60.0M-34.5%
Net income$44.7M-44.5%
EPS (diluted)$0.72-45.0%

Balance sheet

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Cash & equivalents$30.7M+5.9%
Total debt$3.3B+19.0%
Total equity$2.9B+1.0%
Total assets$8.5B+5.8%

Cash flow

See full
Operating cash flow$56.2M-10.6%
CapEx$149.9M+0.8%
Free cash flow-$93.7M-9.1%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$3.96B+20.9%
Enterprise value$7.27B+20.1%
P/E21.9×+7.3×
P/S2.5×+0.3×

Profitability

See full
Operating margin20.2%-1.1pp
Net margin11.2%-3.6pp
FCF margin-8.1%-1.0pp

Returns & leverage

See full
Return on equity6.3%-1.6pp
Debt / equity1.2×+0.2×
Current ratio0.7×+0.2×

Segments

By geography

See full
Montana$139.6M+8.2%
South Dakota$35.5M+13.1%
Nebraska$5.6M+10.3%

Versus estimates

Revenue

Q2 2026$392.6MBeat by $15.4MQ1 2026$497.6MMiss by $4.6M
Q4 2025$414.3MIn line
Q3 2025$387.0MMiss by $26.2MQ2 2025$342.7MMiss by $30.8MQ1 2025$466.6MMiss by $26.9M

Diluted EPS

Q2 2026$0.50Beat by $0.08Q1 2026$1.31Beat by $0.02
Q4 2025$1.17Miss by $0.02
Q3 2025$0.79Beat by $0.04Q2 2025$0.40Beat by $0.02Q1 2025$1.22Beat by $0.06

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Questions, answered.

When did NorthWestern Energy Group, Inc. report Q4 2025 earnings?
NorthWestern Energy Group, Inc. (NWE) reported Q4 2025 earnings on February 11, 2026 after market close.
What were NorthWestern Energy Group, Inc.'s Q4 2025 revenue and EPS?
NorthWestern Energy Group, Inc. reported revenue of $414.3M and eps of $1.17 for Q4 2025.
Did NorthWestern Energy Group, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $414.3M by $37.4K. EPS missed the consensus estimate of $1.19 by $0.02.
How did NorthWestern Energy Group, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.9% from $373.5M a year earlier and eps grew 3.5% from $1.13.
Where can I find NorthWestern Energy Group, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001993004-26-000008) and the 10-K periodic report (0001993004-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.