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NorthWestern Energy Group, Inc. NWE Electric — PCCAM base costs amount

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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$4.32B+27.9%
Enterprise value$7.63B+17.7%
P/E25.8×+10.8×
P/S2.6×+0.4×

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 nweg:PCCAMBaseCostsAmount.

The source filing: NorthWestern Energy Group, Inc.’s 10-K, filed February 12, 2026.

Filed
Feb 11, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001993004-26-000006

The final order provides for an update to the PCCAM by adjusting the base costs from $208.3 million to $119.0 million. It also suspended the 90/10 cost sharing mechanism of the PCCAM on a temporary basis pending further review by the MPSC. Within this final order, the MPSC disallowed a portion of the capital costs related to the construction of YCGS. As a result, in the fourth quarter of 2025 we recorded a $30.9 million non-cash charge for the regulatory disallowance within Operating and maintenance on the Consolidated Statements of Income and a corresponding reduction to Property, plant, and equipment, net on the Consolidated Balance Sheets. As of December 31, 2025, we have deferred $7.7 million of base rate revenues collected that will be refunded to customers.

ITEM 16. FORM 10-K SUMMARY

FAQ

What is NorthWestern Energy Group, Inc.'s electric — PCCAM base costs amount?
NorthWestern Energy Group, Inc. (NWE) reported electric — PCCAM base costs amount of $29.75M in Q4 2025.
How has NorthWestern Energy Group, Inc.'s electric — PCCAM base costs amount changed year-over-year?
NorthWestern Energy Group, Inc.'s electric — PCCAM base costs amount decreased by 42.9% year-over-year, from $52.08M to $29.75M.
What is the long-term trend for NorthWestern Energy Group, Inc.'s electric — PCCAM base costs amount?
Over 2 years (2023 to 2025), NorthWestern Energy Group, Inc.'s electric — PCCAM base costs amount has grown at a -7.4% compound annual growth rate (CAGR), from $138.7M to $119M.
What does electric — PCCAM base costs amount mean?
The baseline costs associated with power supply and fuel that are incorporated into the utility's standard rate structure. It represents the expected expenditure level for energy procurement before adjustments for actual market fluctuations.

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