Northwestern Energy Group Inc

Northwestern Energy Group Inc

NWE
Northwestern Energy Group IncUS flagNASDAQ Global Select
70.78
USD
-0.12
- -
4.35BMarket Cap
Northwestern Energy Group Inc
NWE
(NASDAQ Global Select)

Recent

price

70.78

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
30.69
30.82
29.05
30.27
30
25.67
26.03
26.89
23.85
24.94
23.71
26.54
26.48
23.58
24.69
26.24
27.52
Revenue per Share
2.14
2.55
2.67
2.46
3.01
3.2
3.4
3.35
3.94
4.01
3.07
3.61
3.28
3.22
3.65
2.95
2.79
Basic EPS, GAAP
-0.26
1.24
0.87
-0.96
-0.51
1.19
-0.02
0.95
1.96
-0.38
-1.06
-4.15
-3.73
-1.29
-2.32
-2.12
-3.13
Free Cash Flow per Basic Share
1.35
1.43
1.47
1.51
1.62
1.9
1.98
2.09
2.18
2.28
2.38
2.48
2.51
2.55
2.59
2.63
2.65
Dividend per Share
22.64
23.68
25.09
26.6
31.5
33.22
34.68
36.44
38.6
40.42
41.1
43.28
44.61
45.48
46.6
46.99
47.07
Book Value per Share
12.84
13.89
15.55
17.44
23.93
25.79
27.28
29.19
31.49
33.33
34.03
36.67
38.62
39.64
40.77
41
41.09
Tangible Book Value per Share
36
36
37
38
40
47
48
49
50
50
51
52
56
60
61
61
61
Basic Weighted Avg Shares
1,111
1,117
1,070
1,155
1,205
1,214
1,257
1,306
1,192
1,258
1,199
1,372
1,478
1,422
1,514
1,611
1,691
Sales/Revenue/Turnover
14.64
14.82
18.8
14.81
14.77
21.89
20.28
20.81
22.34
22.01
19.71
20.09
17.8
21.13
21.36
20.23
18.84
Operating Margin (%)
92
101
106
113
124
145
159
166
174
173
180
187
195
210
228
250
259
Depreciation Expense
77
93
98
94
121
151
164
163
197
202
155
187
183
194
224
181
171
Net Income, GAAP
24.98
9.81
15.53
13.21
- -
16.57
- -
7.59
- -
- -
- -
1.8
- -
3.74
- -
3.45
2.92
Effective Tax Rate (%)
6.97
8.28
9.19
8.14
10.02
12.45
13.06
12.46
16.52
16.07
12.95
13.61
12.38
13.65
14.8
11.24
10.13
Profit Margin (%)
-1
-186
-146
-143
-264
-285
-334
-336
-69
-33
-158
58
-82
-128
-384
-194
-101
Working Capital
1,096
938
1,087
1,185
1,690
1,795
1,818
1,816
2,122
2,251
2,330
2,553
2,483
2,690
2,697
3,181
3,450
LT Debt
820
859
934
1,031
1,478
1,600
1,676
1,799
1,942
2,039
2,079
2,340
2,665
2,785
2,858
2,886
2,895
Total Equity
6.53
7.67
8.26
6.59
- -
6.28
- -
6.49
- -
- -
- -
5.65
- -
5.24
- -
5.05
4.92
Return on Invested Capital (%)
6.79
7.85
7.46
6.89
- -
6.46
- -
6.41
- -
- -
- -
5.93
- -
5.6
- -
5.31
5.17
Return on Capital (%)
9.63
11.02
10.98
9.57
9.62
9.83
10.02
9.36
10.53
10.15
7.54
8.46
7.31
7.12
7.94
6.31
5.94
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
257
257
147
LT Borrowings
3,181
3,178
3,442
LT Finance Leases
- -
8
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
61
62
62
Market Capitalization
3,964
4,056
4,406

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
504
513
482
Cash, Cash Equivalents & STI
9
6
4
Accounts Receivable, Net
114
199
169
Inventories
133
134
146
Total Current Liabilities
697
731
583
Payables & Accruals
334
443
410
ST Debt
257
257
147
Deferred Revenue
19
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.15%
6.91%
0.98%
Free Cash Flow
-394.38%
61.78%
-8.77%
Net Income, GAAP
2.88%
4.13%
-19.2%
Sales/Revenue/Turnover
3.08%
6.25%
6.38%
Total Cash Common Dividend
6.04%
6.1%
1.77%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
475
320
345
373
1,514
2025
467
343
387
414
1,611
2026
498
393
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.06
0.52
0.76
1.31
3.65
2025
1.25
0.35
0.62
- -
2.95
2026
1.03
0.41
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.65
0.65
0.65
0.65
2.59
2025
0.66
0.66
0.66
- -
2.63
2026
0.67
0.67
- -
- -
- -
Business
NorthWestern Energy Group Inc., operating as NorthWestern Energy, delivers essential electricity and natural gas services to a diverse customer base, including residential, commercial, and industrial clients across Montana, South Dakota, Nebraska, and Yellowstone National Park. The company’s operations are bifurcated into distinct Electric and Natural Gas segments. Within its electric division, NorthWestern is actively involved in the generation, procurement, transmission, and distribution of electricity, drawing on a diverse portfolio that includes hydro, wind, solar, natural gas, and coal-fired resources. The natural gas segment encompasses the production, acquisition, storage, transmission, and ultimate delivery of natural gas, further bolstered by local municipal service franchises. As of recent reporting, NorthWestern Energy serves approximately 787,000 customers. Its extensive infrastructure in Montana features roughly 6,596 miles of electric transmission lines and 18,794 miles of electric distribution lines, supported by nearly 396 substations. For natural gas, Montana hosts about 2,133 miles of transmission and 5,221 miles of distribution pipelines. In South Dakota, the company manages around 1,349 miles of electric transmission and 2,386 miles of electric distribution lines, alongside approximately 55 miles of natural gas transmission and 1,796 miles of natural gas distribution lines. Nebraska’s infrastructure includes about 830 miles of natural gas distribution lines. Founded in 1923, and headquartered in Sioux Falls, South Dakota, NorthWestern Energy is committed to a balanced approach of reliability, affordability, and sustainability. The company aims to achieve net-zero carbon and methane emissions by 2050, with 58% of its electric generation already carbon-free as of 2024. Recent strategic initiatives include the October 2024 commissioning of the 175-megawatt Yellowstone County Generating Station and the acquisition of Energy West’s Montana natural gas system in July 2025, adding 33,000 customers. Looking ahead, NorthWestern Energy announced in August 2025 a definitive agreement for an all-stock merger with Black Hills Corporation. This combination is projected to create a premier regional utility with a pro forma market capitalization of approximately $7.8 billion and a combined enterprise value of $15.4 billion, expanding services to roughly 2.1 million customers across eight states upon completion. NorthWestern Energy's CEO, Brian Bird, is slated to lead the newly formed entity.

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