NorthWestern Energy Group, Inc.NWEEarnings & Financial Report
NorthWestern Energy Group, Inc. is a utility company that serves South Dakota, Nebraska, and Montana that is based in Sioux Falls. As of 2019, the company serves approximately 718,000 customers. The company's corporate headquarters are located in Sioux Falls while the headquarters for the South Dakota operations are in Huron, South Dakota.
NWE Q4 2025 Key Financial Metrics
Revenue
$414.3M
Gross Profit
N/A
Operating Profit
$60.0M
Net Profit
$44.7M
Gross Margin
N/A
Operating Margin
14.5%
Net Margin
10.8%
YoY Growth
10.9%
EPS
$0.72
Financial Flow
NorthWestern Energy Group, Inc. Q4 2025 Financial Summary
NorthWestern Energy Group, Inc. reported revenue of $414.3M (up 10.9% YoY) for Q4 2025, with a net profit of $44.7M (down 44.5% YoY) (10.8% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $414.3M |
|---|---|
| Net Profit | $44.7M |
| Gross Margin | N/A |
| Operating Margin | 14.5% |
| Report Period | Q4 2025 |
Revenue Breakdown
NorthWestern Energy Group, Inc. Q4 2025 revenue of $414.3M breaks down across 5 segments, led by Electricity Us Regulated at $315.3M (76.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Electricity Us Regulated | $315.3M | 76.1% |
| Other Tariff Based Revenue | $50.5M | 12.2% |
| Transmission Customers | $28.4M | 6.9% |
| Industrial Customers | $11.0M | 2.7% |
| Other Customers | $6.1M | 1.5% |
NorthWestern Energy Group, Inc. Revenue by Segment — Quarterly Trend
NorthWestern Energy Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Electricity Us Regulated and Other Tariff Based Revenue) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Electricity Us Regulated | $315.3M | — | — | — |
| Other Tariff Based Revenue | $50.5M | $2.8M | $2.1M | $2.9M |
| Transmission Customers | $28.4M | — | $28.1M | $26.6M |
| Industrial Customers | $11.0M | $12.1M | — | $10.1M |
| Other Customers | $6.1M | $14.4M | — | $4.6M |
NorthWestern Energy Group, Inc. Annual Revenue by Year
NorthWestern Energy Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.6B). Click any linked year to see what changed vs the prior annual report.
NorthWestern Energy Group, Inc. Quarterly Revenue & Net Profit History
NorthWestern Energy Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $414.3M | +10.9% | $44.7M | 10.8% |
| Q3 2025 | $387.0M | +12.1% | $38.2M | 9.9% |
| Q2 2025 | $342.7M | +7.1% | $21.2M | 6.2% |
| Q1 2025 | $466.6M | -1.8% | $76.9M | 16.5% |
| Q4 2024 | $373.5M | -3.1% | $80.6M | 21.6% |
| Q3 2024 | $345.2M | +7.5% | $46.8M | 13.6% |
| Q2 2024 | $319.9M | +10.1% | $31.7M | 9.9% |
| Q1 2024 | $475.3M | +4.6% | $65.1M | 13.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $475.3M | $319.9M | $345.2M | $373.5M | $466.6M | $342.7M | $387.0M | $414.3M |
| YoY Growth | 4.6% | 10.1% | 7.5% | -3.1% | -1.8% | 7.1% | 12.1% | 10.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.63B | $7.71B | $7.85B | $8.00B | $8.10B | $8.14B | $8.30B | $8.46B |
| Liabilities | $4.82B | $4.91B | $5.04B | $5.14B | $5.21B | $5.26B | $5.42B | $5.57B |
| Equity | $2.81B | $2.81B | $2.82B | $2.86B | $2.90B | $2.88B | $2.88B | $2.89B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $161.7M | $62.3M | $120.0M | $62.8M | $153.4M | $58.2M | $126.7M | $56.2M |