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NorthWestern Energy Group, Inc. NWE Electric — Utilities Operating Expense, Fuel Used

Other product segments

Gas Domestic Regulated
$103.19M-1.0%

Similar metrics at other companies

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OTTRUtilities Operating Expense Fuel Used
$10.61M-34.9%
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$10.61M-34.9%
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OTTRElectric — Utilities Operating Expense, Fuel Used and Purchase Power
$23.88M-24.9%
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MGEEElectric — Utilities Operating Expense Fuel And Purchased Power
$19.51M-13.4%

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:UtilityOperatingExpenseFuelPurchasedSupplyAndDirectTransmissionExpense.

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

| --- | --- | --- | --- | | Revenues | | | | | Gas | 340,603 | 313,197 | 353,310 | | Total Revenues | 1,610,559 | 1,513,898 | 1,422,143 | | Operating Expenses | | | | | Fuel, purchased supply and direct transmission expense (exclusive of depreciation and depletion shown separately below) | 409,755 | 433,816 | 420,262 | | Operating and maintenance | 284,924 | 227,836 | 220,524 | | Administrative and general | 158,235 | 137,437 | 117,360 | | Property and other taxes | 182,301 | 163,853 | 153,068 | | Depreciation and depletion | 249,526 | 227,635 | 210,474 |

ITEM 16. FORM 10-K SUMMARY

FAQ

What is NorthWestern Energy Group, Inc.'s electric — utilities operating expense, fuel used?
NorthWestern Energy Group, Inc. (NWE) reported electric — utilities operating expense, fuel used of $76.64M in Q4 2025.
How has NorthWestern Energy Group, Inc.'s electric — utilities operating expense, fuel used changed year-over-year?
NorthWestern Energy Group, Inc.'s electric — utilities operating expense, fuel used decreased by 7.0% year-over-year, from $82.39M to $76.64M.
What is the long-term trend for NorthWestern Energy Group, Inc.'s electric — utilities operating expense, fuel used?
Over 4 years (2021 to 2025), NorthWestern Energy Group, Inc.'s electric — utilities operating expense, fuel used has grown at a 1.0% compound annual growth rate (CAGR), from $294.82M to $306.57M.
What does electric — utilities operating expense, fuel used mean?
Captures the direct costs associated with fuel, purchased power, and transmission expenses required to generate and deliver electricity to customers. As a major variable cost component, this metric is critical for evaluating the efficiency of the utility's generation mix and its exposure to commodity price volatility. Monitoring this expense helps investors understand the impact of fuel cost recovery mechanisms on segment profitability.

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