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NorthWestern Energy Group, Inc. NWE Allowance for equity funds used during construction

Allowance for equity funds used during construction at other companies

Portland General Electric logo
Portland General ElectricPOR
$3M-40.0%
Southern Company logo
Southern CompanySO
$121M+65.8%

Other financials

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

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Market cap$4.36B+14.3%

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×

Where this comes from

Reported directly by NorthWestern Energy Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity.

The official record: NorthWestern Energy Group, Inc.’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NorthWestern Energy Group, Inc.'s allowance for equity funds used during construction?
NorthWestern Energy Group, Inc. (NWE) reported allowance for equity funds used during construction of $2.47M in Q4 2025.
How has NorthWestern Energy Group, Inc.'s allowance for equity funds used during construction changed year-over-year?
NorthWestern Energy Group, Inc.'s allowance for equity funds used during construction decreased by 47.0% year-over-year, from $4.66M to $2.47M.
What is the long-term trend for NorthWestern Energy Group, Inc.'s allowance for equity funds used during construction?
Over 4 years (2021 to 2025), NorthWestern Energy Group, Inc.'s allowance for equity funds used during construction has grown at a -2.9% compound annual growth rate (CAGR), from $11.09M to $9.87M.
What does allowance for equity funds used during construction mean?
This represents the non-cash equity component of the Allowance for Funds Used During Construction, which allows utilities to capitalize the cost of equity used to finance capital projects. It reflects a return on capital invested in construction work in progress before the assets are placed into service. This metric is critical for understanding utility earnings quality and the regulatory recovery of capital investment costs.