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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›NWE›Financials
Annual statements · SEC XBRL · FY2021 – FY2025

NorthWestern Energy Group, Inc. (NWE) financials

Income statement

NorthWestern Energy Group, Inc. (NWE) income statement, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$1.37B$1.48B$1.42B$1.51B$1.61B
Revenue growth—7.7%-3.8%6.5%6.4%
Operating income$276M$263M$300M$323M$326M
Operating margin20.1%17.8%21.1%21.4%20.2%
Net income$187M$183M$194M$224M$181M
Net margin13.6%12.4%13.7%14.8%11.2%
EPS (diluted)$3.60$3.25$3.22$3.65$2.94

Cash flow

NorthWestern Energy Group, Inc. (NWE) cash flow, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow$220M$307M$489M$407M$394M
Capital expenditures$434M$515M$567M$549M$524M
Free cash flow-$214M-$208M-$77.7M-$143M-$130M
Dividends paid$128M$140M$154M$159M$161M

Balance sheet

NorthWestern Energy Group, Inc. (NWE) balance sheet, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.82M$8.49M$9.16M$4.28M$8.78M
Total assets$6.78B$7.32B$7.60B$8.00B$8.46B
Total liabilities—$4.65B$4.82B$5.14B$5.57B
Long-term debt—$2.47B$2.68B$2.70B$3.18B
Shareholders' equity$2.34B$2.67B$2.79B$2.86B$2.89B
Retained earnings—$771M$811M$877M$897M
Shares (wtd avg diluted)51.9M56.3M60.4M61.4M61.5M

Every figure is extracted from NorthWestern Energy Group, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is NorthWestern Energy Group, Inc.'s annual revenue?
NorthWestern Energy Group, Inc. (NWE) reported $1.61B of revenue for fiscal year 2025 — up 6.4% from $1.51B in FY2024, per its annual report filed with the SEC.
Is NorthWestern Energy Group, Inc. profitable?
Yes — NWE earned $181M of net income in FY2025, a 11.2% net margin, per SEC filings.
What is NorthWestern Energy Group, Inc.'s free cash flow?
-$130M in FY2025 (operating cash flow $394M minus $524M of capital expenditures), from the SEC cash-flow statement.
Does NWE pay a dividend?
Yes — NorthWestern Energy Group, Inc. paid $161M in cash dividends during FY2025, per its SEC cash-flow statement.
Full NWE analysis — verdict, score & filings →Is NWE a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.