Symbols / NWE Stock $70.24 -2.01% NorthWestern Energy Group, Inc.

Utilities • Utilities - Regulated Electric • United States • NMS
NWE (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Utilities
Industry Utilities - Regulated Electric
CEO Mr. Brian B. Bird
Exch · Country NMS · United States
Market Cap 4.32B
Enterprise Value 7.76B
Income 167.61M
Sales 1.64B
FCF (ttm) -187.36M
Book/sh 46.98
Cash/sh 0.10
Employees 1,667
Insider 10d —
IPO Dec 28, 2007
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 97.43%
P/E 25.82
Forward P/E 17.66
PEG 2.62
P/S 2.63
P/B 1.49
P/C —
EV/EBITDA 13.42
EV/Sales 4.73
Quick Ratio 0.28
Current Ratio 0.70
Debt/Eq 118.35
LT Debt/Eq —
EPS (ttm) 2.72
EPS next Y 3.98
EPS Growth -17.60%
Revenue Growth 6.60%
EPS Gr Q/Q -17.50%
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-04-29
ROA 2.43%
ROE 5.77%
ROIC —
Gross Margin 56.15%
Oper. Margin 23.03%
Profit Margin 10.21%
Shs Outstand 61.51M
Shs Float 61.11M
Insider Own 0.65%
Instit Own 99.86%
Short Float 4.93%
Short Ratio 4.56
Short Interest 2.29M
52W High 75.18
vs 52W High -6.57%
52W Low 50.46
vs 52W Low 39.20%
Beta 0.38
Impl. Vol. 50.40%
Rel Volume 1.63
Avg Volume 500.70K
Volume 817.63K
Target (mean) $70.42
Tgt Median $73.50
Tgt Low $54.00
Tgt High $78.50
# Analysts 6
Recom Hold
Prev Close $71.68
Price $70.24
Change -2.01%
About

NorthWestern Energy Group, Inc., doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and diversified industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities. The company operates 6,596 miles of electric transmission and 18,946 miles of electric distribution lines with approximately 397 transmission and distribution substations; and 2,133 miles of natural gas transmission and 5,939 miles of natural gas distribution lines with approximately 134 city gate stations in Montana. It also operates 1,344 miles of electric transmission and 2,386 miles of electric distribution lines in South Dakota with approximately 123 transmission and distribution substations; and 55 miles of natural gas transmission, 1,853 miles of natural gas distribution lines in South Dakota, and 836 miles of natural gas distribution lines Nebraska. The company provides electricity and/or natural gas to approximately 850,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. NorthWestern Energy Group, Inc. was incorporated in 1923 and is based in Sioux Falls, South Dakota.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$70.42
Mean price target
2. Current target
$70.24
Latest analyst target
3. DCF / Fair value
$-54.83
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$70.24
Low
$54.00
High
$78.50
Mean
$70.42

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-21 main JP Morgan Neutral → Neutral $67
2026-04-21 main Barclays Overweight → Overweight $75
2026-04-01 up Ladenburg Thalmann Neutral → Buy $76
2026-02-13 main Wells Fargo Underweight → Underweight $52
2026-02-13 main BMO Capital Market Perform → Market Perform $70
2026-01-22 main Barclays Overweight → Overweight $62
2026-01-20 down Wells Fargo Equal-Weight → Underweight $53
2025-12-12 main JP Morgan Neutral → Neutral $61
2025-10-28 init Wells Fargo — → Equal-Weight $58
2025-10-21 main Barclays Overweight → Overweight $61
2025-06-02 down Ladenburg Thalmann Buy → Neutral $56
2025-05-13 init BMO Capital — → Market Perform $60
2025-05-01 main Wells Fargo Overweight → Overweight $64
2025-04-22 main Barclays Overweight → Overweight $59
2025-04-14 main Wells Fargo Overweight → Overweight $62
2025-02-19 main Barclays Overweight → Overweight $56
2025-01-22 main Barclays Overweight → Overweight $57
2025-01-15 up Ladenburg Thalmann Neutral → Buy $58
2024-12-19 up Barclays Underweight → Overweight $56
2024-10-21 main JP Morgan Neutral → Neutral $60
News
RSS: Latest NWE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-11 HORSFALL JAN ROBERT Director — 569 $65.94 $37,520
2026-05-11 YINGLING JEFFREY W. Director — 569 $65.94 $37,520
2026-04-07 EDWARDS SHERINA MAYE Director — 569 $65.94 $37,520
2026-04-07 SULLIVAN LINDA GAIL Director — 834 $65.94 $54,994
2026-04-07 GOODIN DAVID L Director — 569 $65.94 $37,520
2026-04-07 YAZDI MAHVASH Director — 569 $65.94 $37,520
2026-04-07 LARSON KENT T Director — 569 $65.94 $37,520
2026-04-07 IDE BRITT E Director — 569 $65.94 $37,520
2026-03-03 HINES JOHN D Officer — 1,354 $68.45 $92,681
2026-02-27 MERKEL JASON Officer — 1,331 $68.45 $91,107
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,610.56
+6.38%
1,513.90
+6.45%
1,422.14
-3.77%
1,477.84
Operating Revenue
1,610.56
+6.38%
1,513.90
+6.45%
1,422.14
-3.77%
1,477.84
Cost Of Revenue
694.68
+4.99%
661.65
+3.26%
640.79
-10.18%
713.44
Reconciled Cost Of Revenue
694.68
+4.99%
661.65
+3.26%
640.79
-10.18%
713.44
Gross Profit
915.88
+7.47%
852.25
+9.07%
781.36
+2.22%
764.40
Operating Expense
590.06
+11.56%
528.92
+9.99%
480.90
-4.07%
501.32
Selling General And Administration
158.24
+15.13%
137.44
+17.11%
117.36
+3.15%
113.78
General And Administrative Expense
158.24
+15.13%
137.44
+17.11%
117.36
+3.15%
113.78
Other Gand A
158.24
+15.13%
137.44
+17.11%
117.36
+3.15%
113.78
Total Expenses
1,284.74
+7.91%
1,190.58
+6.14%
1,121.69
-7.66%
1,214.76
Operating Income
325.82
+0.77%
323.32
+7.61%
300.45
+14.21%
263.08
Total Operating Income As Reported
325.82
+0.77%
323.32
+7.61%
300.45
+14.21%
263.08
EBITDA
587.44
+2.35%
573.98
+8.96%
526.76
+10.31%
477.53
Normalized EBITDA
587.44
+2.35%
573.98
+8.96%
526.76
+10.31%
477.53
Reconciled Depreciation
249.53
+9.62%
227.63
+8.15%
210.47
+7.92%
195.02
EBIT
337.92
-2.43%
346.35
+9.50%
316.29
+11.95%
282.51
Net Income
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Pretax Income
187.56
-12.63%
214.67
+6.45%
201.67
+10.56%
182.40
Net Non Operating Interest Income Expense
-150.35
-14.19%
-131.67
-14.88%
-114.62
-14.49%
-100.11
Interest Expense Non Operating
150.35
+14.19%
131.67
+14.88%
114.62
+14.49%
100.11
Net Interest Income
-150.35
-14.19%
-131.67
-14.88%
-114.62
-14.49%
-100.11
Interest Expense
150.35
+14.19%
131.67
+14.88%
114.62
+14.49%
100.11
Other Income Expense
12.10
-47.45%
23.02
+45.43%
15.83
-18.53%
19.43
Other Non Operating Income Expenses
12.10
-47.45%
23.02
+45.43%
15.83
-18.53%
19.43
Tax Provision
6.47
+168.58%
-9.44
-225.20%
7.54
+1346.12%
-0.60
Tax Rate For Calcs
0.00
-83.33%
0.00
+461.75%
0.00
-82.20%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Net Income From Continuing Operation Net Minority Interest
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Net Income From Continuing And Discontinued Operation
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Net Income Continuous Operations
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Normalized Income
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Net Income Common Stockholders
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Diluted EPS
2.94
-19.45%
3.65
+13.35%
3.22
-0.92%
3.25
Basic EPS
2.95
-19.28%
3.65
+13.50%
3.22
-1.83%
3.28
Basic Average Shares
61.38
+0.10%
61.32
+1.66%
60.32
+8.10%
55.80
Diluted Average Shares
61.54
+0.23%
61.40
+1.73%
60.36
+7.21%
56.30
Diluted NI Availto Com Stockholders
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Depreciation Amortization Depletion Income Statement
249.53
+9.62%
227.63
+8.15%
210.47
+7.92%
195.02
Other Taxes
182.30
+11.26%
163.85
+7.05%
153.07
-20.49%
192.52
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
8,459.69
+5.78%
7,997.52
+5.22%
7,600.65
+3.87%
7,317.78
Current Assets
503.94
+20.51%
418.19
+2.75%
407.01
-24.46%
538.82
Cash Cash Equivalents And Short Term Investments
8.78
+105.02%
4.28
-53.26%
9.16
+7.95%
8.49
Cash And Cash Equivalents
8.78
+105.02%
4.28
-53.26%
9.16
+7.95%
8.49
Receivables
209.75
+11.71%
187.76
-11.54%
212.26
-13.35%
244.95
Accounts Receivable
113.85
+19.76%
95.06
-55.21%
212.26
-13.35%
244.95
Gross Accounts Receivable
—
—
215.06
-13.09%
247.45
Allowance For Doubtful Accounts Receivable
—
—
-2.80
-12.00%
-2.50
Receivables Adjustments Allowances
-2.90
-16.00%
-2.50
—
—
Inventory
132.51
+7.78%
122.94
+7.33%
114.54
+6.69%
107.36
Prepaid Assets
—
—
—
—
Restricted Cash
21.96
-11.23%
24.73
+54.37%
16.02
+14.66%
13.97
Other Current Assets
130.95
+66.89%
78.47
+42.60%
55.02
-66.46%
164.05
Total Non Current Assets
7,955.75
+4.97%
7,579.34
+5.36%
7,193.65
+6.12%
6,778.96
Net PPE
6,738.85
+5.32%
6,398.27
+5.94%
6,039.80
+6.76%
5,657.48
Gross PPE
9,285.27
+5.78%
8,778.10
+5.76%
8,299.87
+5.81%
7,843.78
Accumulated Depreciation
-2,546.42
-7.00%
-2,379.83
-5.30%
-2,260.07
-3.37%
-2,186.30
Construction In Progress
217.94
+32.27%
164.77
-56.32%
377.24
+21.05%
311.65
Other Properties
—
—
—
268.97
Goodwill And Other Intangible Assets
367.63
+2.81%
357.59
+0.00%
357.59
+0.00%
357.59
Goodwill
367.63
+2.81%
357.59
+0.00%
357.59
+0.00%
357.59
Other Non Current Assets
76.63
+29.74%
59.06
+12.90%
52.31
+10.55%
47.32
Total Liabilities Net Minority Interest
5,573.95
+8.45%
5,139.82
+6.74%
4,815.34
+3.50%
4,652.60
Current Liabilities
697.45
-13.06%
802.20
+49.97%
534.90
-13.84%
620.85
Payables And Accrued Expenses
333.93
+11.28%
300.07
-0.33%
301.08
-21.15%
381.84
Payables
220.60
+14.00%
193.51
-4.95%
203.59
-31.59%
297.59
Accounts Payable
129.63
+15.96%
111.79
-10.09%
124.34
-38.29%
201.50
Current Accrued Expenses
113.33
+6.35%
106.56
+9.31%
97.49
+15.72%
84.25
Employee Benefits
20.13
-64.43%
56.60
-24.83%
75.30
-11.13%
84.73
Pensionand Other Post Retirement Benefit Plans Current
49.44
-0.69%
49.79
+19.18%
41.77
-5.29%
44.10
Total Tax Payable
90.97
+11.32%
81.72
+3.11%
79.25
-17.53%
96.09
Current Debt And Capital Lease Obligation
256.83
-36.36%
403.55
+290.70%
103.29
-30.03%
147.62
Current Debt
254.97
-36.25%
399.95
+300.15%
99.95
-30.84%
144.53
Other Current Borrowings
254.97
-36.25%
399.95
+300.15%
99.95
-30.84%
144.53
Current Capital Lease Obligation
1.86
-48.14%
3.60
+7.73%
3.34
+7.75%
3.10
Current Deferred Liabilities
18.63
+12.68%
16.54
-40.21%
27.66
+5.81%
26.14
Current Deferred Revenue
18.63
+12.68%
16.54
-40.21%
27.66
+5.81%
26.14
Other Current Liabilities
38.61
+19.69%
32.26
-47.20%
61.10
+188.97%
21.14
Total Non Current Liabilities Net Minority Interest
4,876.50
+12.42%
4,337.62
+1.34%
4,280.44
+6.17%
4,031.76
Long Term Debt And Capital Lease Obligation
3,181.04
+17.94%
2,697.21
+0.26%
2,690.10
+8.33%
2,483.16
Long Term Debt
3,181.04
+18.02%
2,695.34
+0.40%
2,684.64
+8.50%
2,474.36
Long Term Capital Lease Obligation
0.00
-100.00%
1.86
-65.85%
5.46
-37.94%
8.80
Long Term Provisions
62.92
+8.35%
58.08
-3.83%
60.39
-2.22%
61.76
Non Current Pension And Other Postretirement Benefit Plans
20.13
-64.43%
56.60
-24.83%
75.30
-11.13%
84.73
Non Current Deferred Liabilities
871.32
+10.76%
786.68
+11.11%
707.99
+11.60%
634.38
Non Current Deferred Revenue
138.25
+12.18%
123.25
+14.68%
107.47
+12.66%
95.39
Non Current Deferred Taxes Liabilities
733.06
+10.50%
663.43
+10.48%
600.52
+11.42%
538.98
Other Non Current Liabilities
62.22
-20.35%
78.12
-12.43%
89.21
-21.42%
113.52
Stockholders Equity
2,885.74
+0.98%
2,857.70
+2.60%
2,785.31
+4.51%
2,665.18
Common Stock Equity
2,885.74
+0.98%
2,857.70
+2.60%
2,785.31
+4.51%
2,665.18
Capital Stock
0.65
+0.15%
0.65
+0.00%
0.65
+2.37%
0.63
Common Stock
0.65
+0.15%
0.65
+0.00%
0.65
+2.37%
0.63
Share Issued
64.90
+0.13%
64.81
+0.08%
64.76
+2.34%
63.28
Ordinary Shares Number
61.42
+0.16%
61.32
+0.12%
61.25
+2.52%
59.74
Treasury Shares Number
3.48
-0.38%
3.49
-0.65%
3.51
-0.60%
3.53
Additional Paid In Capital
2,091.93
+0.37%
2,084.13
+0.26%
2,078.75
+3.97%
1,999.38
Retained Earnings
896.72
+2.25%
877.02
+8.07%
811.50
+5.20%
771.41
Gains Losses Not Affecting Retained Earnings
-6.06
+9.59%
-6.70
+12.43%
-7.66
+2.45%
-7.85
Treasury Stock
97.50
+0.11%
97.39
-0.54%
97.93
-0.47%
98.39
Other Equity Adjustments
-6.06
+9.59%
-6.70
+12.43%
-7.66
+2.45%
-7.85
Total Equity Gross Minority Interest
2,885.74
+0.98%
2,857.70
+2.60%
2,785.31
+4.51%
2,665.18
Total Capitalization
6,066.78
+9.25%
5,553.04
+1.52%
5,469.95
+6.43%
5,139.54
Working Capital
-193.51
+49.61%
-384.01
-200.26%
-127.89
-55.93%
-82.02
Invested Capital
6,321.75
+6.19%
5,952.99
+6.88%
5,569.90
+5.41%
5,284.06
Total Debt
3,437.87
+10.87%
3,100.75
+11.00%
2,793.38
+6.18%
2,630.78
Net Debt
3,427.23
+10.88%
3,091.01
+11.37%
2,775.42
+6.32%
2,610.39
Capital Lease Obligations
1.86
-65.85%
5.46
-37.94%
8.80
-26.04%
11.90
Net Tangible Assets
2,518.11
+0.72%
2,500.11
+2.98%
2,427.73
+5.21%
2,307.60
Tangible Book Value
2,518.11
+0.72%
2,500.11
+2.98%
2,427.73
+5.21%
2,307.60
Interest Payable
34.89
+21.57%
28.70
+15.85%
24.77
+35.01%
18.35
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
394.45
-3.02%
406.74
-16.86%
489.23
+59.23%
307.24
Cash Flow From Continuing Operating Activities
394.45
-3.02%
406.74
-16.86%
489.23
+59.23%
307.24
Net Income From Continuing Operations
181.09
-19.20%
224.11
+15.44%
194.13
+6.08%
183.01
Depreciation Amortization Depletion
249.53
+9.62%
227.63
+8.15%
210.47
+7.92%
195.02
Other Non Cash Items
25.44
+281.97%
-13.98
-12.10%
-12.47
-40.61%
-8.87
Stock Based Compensation
6.99
+47.96%
4.72
-8.79%
5.18
-5.69%
5.49
Asset Impairment Charge
0.00
-100.00%
4.16
0.00
0.00
Deferred Tax
7.12
+179.36%
-8.97
-236.22%
6.58
+173.22%
-8.99
Deferred Income Tax
7.12
+179.36%
-8.97
-236.22%
6.58
+173.22%
-8.99
Operating Gains Losses
-0.08
-34.43%
-0.06
-119.30%
0.32
-34.44%
0.48
Change In Working Capital
-75.62
-144.95%
-30.87
-136.31%
85.02
+244.36%
-58.89
Change In Receivables
-20.48
-183.63%
24.49
-25.09%
32.70
+170.64%
-46.28
Changes In Account Receivables
-20.48
-183.63%
24.49
-25.09%
32.70
+170.64%
-46.28
Change In Inventory
-6.19
+26.36%
-8.40
-17.02%
-7.18
+73.15%
-26.74
Change In Payables And Accrued Expense
12.05
-29.70%
17.15
+129.51%
-58.10
-186.22%
67.38
Change In Accrued Expense
16.41
+68.30%
9.75
+388.66%
-3.38
-120.05%
16.85
Change In Payable
-4.35
-158.81%
7.40
+113.52%
-54.72
-208.28%
50.54
Change In Account Payable
-4.35
-158.81%
7.40
+113.52%
-54.72
-208.28%
50.54
Change In Other Working Capital
-14.25
-19.27%
-11.95
+60.94%
-30.58
-39.83%
-21.87
Change In Other Current Assets
-53.11
-127.71%
-23.32
-121.55%
108.23
+544.58%
-24.34
Change In Other Current Liabilities
6.35
+122.02%
-28.84
-172.18%
39.96
+668.06%
-7.03
Investing Cash Flow
-570.63
-2.92%
-554.46
+2.86%
-570.81
-10.44%
-516.86
Cash Flow From Continuing Investing Activities
-570.63
-2.92%
-554.46
+2.86%
-570.81
-10.44%
-516.86
Net PPE Purchase And Sale
-524.46
+4.51%
-549.24
+3.11%
-566.89
-10.05%
-515.14
Purchase Of PPE
-524.46
+4.51%
-549.24
+3.11%
-566.89
-10.05%
-515.14
Capital Expenditure
-524.46
+4.51%
-549.24
+3.11%
-566.89
-10.05%
-515.14
Net Investment Purchase And Sale
-10.24
-116.95%
-4.72
-20.29%
-3.92
-128.21%
-1.72
Purchase Of Investment
-10.24
-116.95%
-4.72
-20.29%
-3.92
-128.21%
-1.72
Net Business Purchase And Sale
-35.94
0.00
0.00
—
Purchase Of Business
-35.94
0.00
0.00
—
Net Other Investing Changes
—
-0.50
—
—
Financing Cash Flow
177.90
+17.38%
151.55
+79.77%
84.31
-60.48%
213.32
Cash Flow From Continuing Financing Activities
177.90
+17.38%
151.55
+79.77%
84.31
-60.48%
213.32
Net Issuance Payments Of Debt
343.08
+10.67%
310.00
+84.52%
168.00
+118.18%
77.00
Issuance Of Debt
652.08
+59.04%
410.00
+36.67%
300.00
+289.61%
77.00
Repayment Of Debt
-309.00
-209.00%
-100.00
+24.24%
-132.00
0.00
Long Term Debt Issuance
602.08
+94.22%
310.00
+3.33%
300.00
+289.61%
77.00
Long Term Debt Payments
-309.00
-209.00%
-100.00
+24.24%
-132.00
0.00
Net Long Term Debt Issuance
293.08
+39.56%
210.00
+25.00%
168.00
+118.18%
77.00
Short Term Debt Issuance
50.00
-50.00%
100.00
0.00
0.00
Short Term Debt Payments
—
—
0.00
0.00
Net Short Term Debt Issuance
50.00
-50.00%
100.00
0.00
0.00
Net Common Stock Issuance
0.71
-40.52%
1.19
-98.40%
74.68
-73.09%
277.57
Common Stock Dividend Paid
-161.39
-1.77%
-158.59
-2.95%
-154.05
-9.99%
-140.06
Cash Dividends Paid
-161.39
-1.77%
-158.59
-2.95%
-154.05
-9.99%
-140.06
Net Other Financing Charges
-4.50
-328.07%
-1.05
+75.71%
-4.33
-262.40%
-1.19
Changes In Cash
1.72
-55.07%
3.83
+40.60%
2.72
-26.40%
3.70
Beginning Cash Position
29.02
+15.21%
25.19
+12.13%
22.46
+19.73%
18.76
End Cash Position
30.74
+5.93%
29.02
+15.21%
25.19
+12.13%
22.46
Free Cash Flow
-130.00
+8.77%
-142.50
-83.50%
-77.66
+62.65%
-207.90
Interest Paid Supplemental Data
—
128.33
+21.95%
105.24
+10.31%
95.40
Income Tax Paid Supplemental Data
—
—
—
4.71
Common Stock Issuance
0.71
-40.52%
1.19
-98.40%
74.68
-73.09%
277.57
Issuance Of Capital Stock
0.71
-40.52%
1.19
-98.40%
74.68
-73.09%
277.57
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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