NorthWestern Energy Group, Inc. NWE
NorthWestern Energy Group, doing business as NorthWestern Energy, provides essential energy infrastructure and valuable services that enrich lives and empower communities while serving as long-term partners to our customers and communities. We work to deliver safe, reliable, and innovative energy solutions that create value for customers, communities, employees, and investors. We do this by providing low-cost and reliable service performed by highly-adaptable and skilled employees. We provide electricity and / or natural gas to approximately 850,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Upon the completion of the holding company reorganization in 2023, NW Corp became a subsidiary of NorthWestern Energy Group. Our operations in Montana and Yellowstone National Park are conducted through our subsidiary, NW Corp, and our operations in South Dakota and Nebraska are conducted through our subsidiary, NWE Public Service. We have provided service in South Dakota and Nebraska since 1923 and in Montana since 2002.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.61B | $1.51B | $1.42B | $1.48B | $1.33B | — |
| SG&A | $158.2M | $137.4M | $117.4M | $113.8M | $101.9M | — |
| Total operating expenses | $1.28B | $1.19B | $1.12B | $1.21B | $1.10B | — |
| Operating income | $325.8M | $323.3M | $300.5M | $263.1M | $275.7M | — |
| Pre-tax income | $187.6M | $214.7M | $201.7M | $182.4M | $190.3M | — |
| Income tax | $6.5M | $9.4M | $7.5M | $605.0K | $3.4M | — |
| Net income | $181.1M | $224.1M | $194.1M | $183.0M | $186.8M | — |
| EPS, basic | 2.95 | 3.66 | 3.22 | 3.28 | 3.61 | — |
| EPS, diluted | 2.94 | 3.65 | 3.22 | 3.25 | 3.60 | — |
| Shares, diluted (wtd. avg.) | 61.5M | 61.4M | 60.4M | 56.3M | 51.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $8.8M | $4.3M | $9.2M | $22.5M | $18.8M | $17.1M |
| Receivables | $209.8M | $187.8M | $212.3M | $245.0M | — | — |
| Inventory | $132.5M | $122.9M | $114.5M | $107.4M | — | — |
| Total current assets | $503.9M | $418.2M | $407.0M | $538.8M | — | — |
| Property, plant and equipment | $6.74B | $6.40B | $6.04B | $5.66B | — | — |
| Goodwill | $367.6M | $357.6M | $357.6M | $357.6M | — | — |
| Total assets | $8.46B | $8.00B | $7.60B | $7.32B | $6.78B | — |
| Accounts payable | $129.6M | $111.8M | $124.3M | $201.5M | — | — |
| Short-term debt | $105.0M | $299.9M | $100.0M | $144.5M | — | — |
| Total current liabilities | $697.5M | $802.2M | $534.9M | $620.8M | — | — |
| Long-term debt | $3.18B | $2.70B | $2.68B | $2.47B | — | — |
| Total liabilities | $5.57B | $5.14B | $4.82B | $4.65B | — | — |
| Retained earnings | $896.7M | $877.0M | $811.5M | $771.4M | — | — |
| Total equity | $2.89B | $2.86B | $2.79B | $2.67B | $2.34B | $2.08B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $394.5M | $406.7M | $489.2M | $307.2M | $220.0M | — |
| Depreciation and amortisation | $249.5M | $227.6M | $210.5M | $195.0M | $187.5M | — |
| Stock-based compensation | $7.0M | $4.7M | $5.2M | $5.5M | $5.3M | — |
| Capital expenditure | $524.5M | $549.2M | $566.9M | $515.1M | $434.3M | — |
| Investing cash flow | -$570.6M | -$554.5M | -$570.8M | -$516.9M | -$435.8M | — |
| Financing cash flow | $177.9M | $151.6M | $84.3M | $213.3M | $217.5M | — |
| Dividends paid | $161.4M | $158.6M | $154.1M | $140.1M | $128.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001993004-26-000006.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $1.33B | $1.48B | $1.42B | $1.51B | $1.61B |
| Gross profit | — | — | — | — | — | — |
| Net income | — | $186.8M | $183.0M | $194.1M | $224.1M | $181.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4931
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DUK | Duke Energy CORP | $97.43B | 19.8x | 5.6% |
| XEL | XCEL ENERGY INC | $48.75B | 22.8x | — |
| EXC | EXELON CORP | $45.46B | — | 5.3% |
| ED | CONSOLIDATED EDISON INC | $42.65B | 20.5x | 10.2% |
| WEC | WEC ENERGY GROUP, INC. | $36.20B | 23.1x | 14.0% |
| PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | $35.90B | 17.1x | 22.8% |
| PCG | PG&E Corp | $33.85B | 10.7x | 2.1% |
| AEE | AMEREN CORP | $29.91B | 20.2x | 15.4% |