NorthWestern Energy Group, Inc. NWE R2K

Utilities · Utilities - Regulated Electric · United States

https://www.northwesternenergy.com

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.

Market & Price

Market Cap

$4.34B

Current Price

$70.61

High / Low (52W)

$73.36 / $49.23

Beta

0.38

Valuation

Stock P/E

25.96

Industry PE

19.80

Forward P/E

17.79

PEG Ratio

2.83

Book Value

$47.30

Price to Book

1.49

P/S

2.65

EV/EBITDA

13.46

Dividend Yield

3.77%

Profitability & Returns

ROCE

4.35%

ROE

5.77%

ROA

2.43%

Profit Margin

10.21%

Op Margin

23.03%

EPS (Latest Qtr)

$1.03

EPS (TTM)

$2.72

Balance Sheet & Liquidity

Debt/Equity

1.18

Quick Ratio

0.28

Current Ratio

0.70

Debt

$3.44B

Total Assets

$8.46B

Current Assets

$503.94M

Working Capital

$-193.51M

Ownership

Promoter Holding

0.65%

Chg in Prom Hold

FII / Inst Holding

100.75%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$7.78B

Total Revenue (TTM)

$1.64B

EBITDA

$577.85M

Free Cash Flow

$-187.36M

Operating Cash Flow

$400.48M

Shares Outstanding

61.51M

Gross Margin

56.15%

Payout Ratio

97.43%

Growth (CAGR)

Revenue 5Y

2.91%

Profit 5Y

-0.35%

Revenue (YoY)

6.60%

Earnings (YoY)

-17.60%

PROS

Attractive dividend yield of 3.77%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Earnings shrank at -0.4% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Utilities).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	NWE NorthWestern Energy Group, Inc. R2K	70.61	25.96	$4.34B	3.77%	4.35%	5.77%	2.91%	-0.35%
2	NEE NextEra Energy, Inc. SPX	87.01	22.08	$181.47B	2.86%	4.79%	10.32%	9.36%	18.12%
3	SO The Southern Company SPX	92.05	23.54	$103.77B	3.30%	5.93%	10.99%	0.31%	7.09%
4	DUK Duke Energy Corporation SPX	122.73	18.88	$95.68B	3.47%	5.35%	9.66%	3.87%	24.90%
5	AEP American Electric Power Company, Inc. NDXSPX	126.67	18.74	$68.92B	3.00%	5.68%	12.58%	3.66%	15.77%
6	D Dominion Energy, Inc. SPX	66.94	19.75	$58.87B	3.99%	5.34%	9.79%	5.80%	36.03%
7	SRE Sempra SPX	89.13	30.32	$58.26B	2.95%	3.04%	5.69%	-1.73%	-4.95%
8	VST Vistra Corp. SPXAI	160.23	26.79	$54.03B	0.57%	7.08%	42.90%	8.92%	58.98%
9	ETR Entergy Corporation SPX	109.05	27.89	$49.93B	2.35%	5.63%	10.75%	-2.02%	17.36%

Quarterly Results

Figures in USD.

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	335.07M	425.28M	454.54M	290.50M	321.09M	356.01M	475.34M	319.93M	345.16M	-	466.63M	342.71M	386.95M	414.26M	497.57M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	194.91M	137.61M	151.07M	211.09M	220.10M
Gross Profit	-	-	-	-	-	-	-	-	-	-	271.72M	205.11M	235.88M	203.17M	277.46M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	147.00M	144.32M	155.60M	143.15M	163.35M
Operating Income	48.29M	83.23M	96.04M	45.62M	55.63M	103.16M	102.08M	61.61M	67.93M	-	124.73M	60.79M	80.28M	60.02M	114.11M
EBITDA	-	-	-	-	-	-	-	-	-	-	191.06M	123.24M	148.22M	124.93M	184.00M
Interest Expense	-	-	-	-	-	-	-	-	-	-	36.51M	36.25M	38.36M	39.23M	39.92M
Pretax Income	-	-	-	-	-	-	-	-	-	-	92.14M	24.61M	47.02M	23.79M	77.25M
Tax Provision	-	-	-	-	-	-	-	-	-	-	15.20M	3.38M	8.79M	-20.90M	13.80M
Net Income	27.37M	66.74M	62.53M	19.12M	29.34M	83.14M	65.09M	31.65M	46.82M	-	76.94M	21.23M	38.23M	44.69M	63.46M
Diluted EPS	0.47	1.16	1.05	0.32	0.48	1.37	1.06	0.52	0.76	1.31	1.25	0.35	0.62	-	1.03

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	1.37B	1.48B	1.42B	1.51B	1.61B
Cost of Revenue	-	713.44M	640.79M	661.65M	694.68M
Gross Profit	-	764.40M	781.36M	852.25M	915.88M
Operating Expenses	-	501.32M	480.90M	528.92M	590.06M
Operating Income	275.68M	263.08M	300.45M	323.32M	325.82M
EBITDA	-	477.53M	526.76M	573.98M	587.44M
Interest Expense	-	100.11M	114.62M	131.67M	150.35M
Pretax Income	-	182.40M	201.67M	214.67M	187.56M
Tax Provision	-	-605.00K	7.54M	-9.44M	6.47M
Net Income	186.84M	183.01M	194.13M	224.11M	181.09M
Diluted EPS	3.60	3.25	3.22	3.65	2.94

Compounded Sales Growth

5 Years:	2.91%
1 Year:	6.60%

Compounded Profit Growth

5 Years:	-0.35%
1 Year:	-17.60%

Stock Price Performance

1 Year:	+33.36%
6 Months:	+6.68%
3 Months:	+1.94%
1 Month:	-1.02%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	7.32B	7.60B	8.00B	8.46B
Current Assets	-	-	538.82M	407.01M	418.19M	503.94M
Cash & Equivalents	-	-	8.49M	9.16M	4.28M	8.78M
Inventory	-	-	107.36M	114.54M	122.94M	132.51M
Receivables	-	-	244.95M	212.26M	95.06M	113.85M
Total Liabilities	-	-	4.65B	4.82B	5.14B	5.57B
Current Liabilities	-	-	620.85M	534.90M	802.20M	697.45M
Long Term Debt	-	-	2.47B	2.68B	2.70B	3.18B
Total Debt	-	-	2.63B	2.79B	3.10B	3.44B
Total Equity	2.08B	-	2.67B	2.79B	2.86B	2.89B
Shares Outstanding	-	-	63.28M	64.76M	64.81M	64.90M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	307.24M	489.23M	406.74M	394.45M
Investing Cash Flow	-	-516.86M	-570.81M	-554.46M	-570.63M
Financing Cash Flow	-	213.32M	84.31M	151.55M	177.90M
Capital Expenditure	-	-515.14M	-566.89M	-549.24M	-524.46M
Free Cash Flow	-	-207.90M	-77.66M	-142.50M	-130.00M
Net Change in Cash	-	3.70M	2.72M	3.83M	1.72M

Ratios (Annual)

Figures in %.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	51.7%	54.9%	56.3%	56.9%
Operating Margin %	20.1%	17.8%	21.1%	21.4%	20.2%
Net Margin %	13.6%	12.4%	13.7%	14.8%	11.2%
ROE %	-	6.9%	7.0%	7.8%	6.3%
ROCE %	-	3.9%	4.3%	4.5%	4.2%

Shareholding Pattern

Insiders

0.65%

Institutions

100.75%

Public Float

101.42%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	13.46%	8.28M	$584.76M
2	Vanguard Portfolio Management LLC	5.67%	3.49M	$246.41M
3	Vanguard Capital Management LLC	4.52%	2.78M	$196.49M
4	State Street Corporation	3.80%	2.34M	$164.88M
5	Geode Capital Management, LLC	2.75%	1.69M	$119.64M
6	Franklin Resources, Inc.	2.64%	1.62M	$114.53M
7	American Century Companies Inc	2.53%	1.56M	$110.00M
8	Goldman Sachs Group Inc	2.20%	1.35M	$95.39M
9	Millennium Management Llc	2.14%	1.31M	$92.82M
10	Neuberger Berman Group, LLC	2.07%	1.27M	$89.99M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for NWE

No recent headlines available.

NWE · Utilities