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NorthWestern Energy (NWE)

Nasdaq Utilities Multi-Utilities S&P MidCap 400
$82.73
+0.71 (+0.87%)
Close of Nov 06, 2026 · end-of-day data
Source: NorthWestern Energy's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$1.37B$1.48B$1.42B$1.51B$1.61B
Operating income$275.68M$263.08M$300.45M$323.32M$325.82M
Pre-tax income$190.26M$182.40M$201.67M$214.67M$187.56M
Income tax$3.42M-$605.00K$7.54M-$9.44M$6.47M
Net income$186.84M$183.01M$194.13M$224.11M$181.09M
EBITDA$463.15M$458.10M$510.93M$550.96M$575.34M
EPS (basic)$3.61$3.28$3.22$3.66$2.95
EPS (diluted)$3.60$3.25$3.22$3.65$2.94
Diluted shares51.87M56.29M60.36M61.37M61.54M
Operating margin20.1%17.8%21.1%21.4%20.2%
Net margin13.6%12.4%13.7%14.8%11.2%

Balance sheet

fiscal years · USD
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.82M$8.49M$9.16M$4.28M$8.78M
Receivables—$244.95M$212.26M$187.76M$209.75M
Inventory—$107.36M$114.54M$122.94M$132.51M
Total current assets—$538.82M$407.01M$418.19M$503.94M
Goodwill—$357.59M$357.59M$357.59M$367.63M
Total assets$6.78B$7.32B$7.60B$8.00B$8.46B
Total current liabilities—$620.85M$534.90M$802.20M$697.45M
Short-term debt—$144.53M$99.95M$299.95M$104.97M
Long-term debt—$2.47B$2.68B$2.70B$3.18B
Total debt—$2.62B$2.78B$3.00B$3.29B
Total liabilities—$4.65B$4.82B$5.14B$5.57B
Shareholders' equity$2.34B$2.67B$2.79B$2.86B$2.89B

Cash flow

fiscal years · USD
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow$219.98M$307.24M$489.23M$406.74M$394.45M
Capital expenditures$434.33M$515.14M$566.89M$549.24M$524.46M
Free cash flow-$214.35M-$207.90M-$77.66M-$142.50M-$130.00M
Investing cash flow-$435.83M-$516.86M-$570.81M-$554.46M-$570.63M
Financing cash flow$217.52M$213.32M$84.31M$151.55M$177.90M
Dividends paid$128.48M$140.06M$154.05M$158.59M$161.39M
Stock-based compensation$5.35M$5.49M$5.18M$4.72M$6.99M
Depreciation & amortization$187.47M$195.02M$210.47M$227.63M$249.53M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.