# NorthWestern Energy Group, Inc.: overview

NWE · Nasdaq · CIK 1993004 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/nwe.md) · [Financials](/companies/nwe/financials.md) · [Filings](/companies/nwe/filings.md) · [Insiders](/companies/nwe/insiders.md)

Latest reported revenue: [$392.6m](/filings/0001993004-26-000050.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 30, 2026 (XBRL us-gaap:Revenues, accession 0001993004-26-000050).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [345](/filings/0001993004-25-000184.md) | [373](/filings/0001993004-26-000006.md) | [467](/filings/0001993004-26-000029.md) | [343](/filings/0001993004-26-000050.md) | [387](/filings/0001993004-25-000184.md) | [414](/filings/0001993004-26-000006.md) | [498](/filings/0001993004-26-000029.md) | [393](/filings/0001993004-26-000050.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [19.7%](/filings/0001993004-25-000184.md) | [24.6%](/filings/0001993004-26-000006.md) | [26.7%](/filings/0001993004-26-000029.md) | [17.7%](/filings/0001993004-26-000050.md) | [20.7%](/filings/0001993004-25-000184.md) | [14.5%](/filings/0001993004-26-000006.md) | [22.9%](/filings/0001993004-26-000029.md) | [16.4%](/filings/0001993004-26-000050.md) |
| Net margin | % | [13.6%](/filings/0001993004-25-000184.md) | [21.6%](/filings/0001993004-26-000006.md) | [16.5%](/filings/0001993004-26-000029.md) | [6.2%](/filings/0001993004-26-000050.md) | [9.9%](/filings/0001993004-25-000184.md) | [10.8%](/filings/0001993004-26-000006.md) | [12.8%](/filings/0001993004-26-000029.md) | [6.4%](/filings/0001993004-26-000050.md) |
| Diluted EPS | $ per share | [0.76](/filings/0001993004-25-000184.md) | [1.31](/filings/0001993004-26-000006.md) | [1.25](/filings/0001993004-26-000029.md) | [0.35](/filings/0001993004-26-000050.md) | [0.62](/filings/0001993004-25-000184.md) | [0.72](/filings/0001993004-26-000006.md) | [1.03](/filings/0001993004-26-000029.md) | [0.40](/filings/0001993004-26-000050.md) |
| Free cash flow | $m | [(33.2) d](/filings/0001993004-25-000184.md) | [(85.9) d](/filings/0001993004-26-000006.md) | [61.3](/filings/0001993004-26-000029.md) | [(70.6) d](/filings/0001993004-26-000050.md) | [(26.9) d](/filings/0001993004-25-000184.md) | [(93.7) d](/filings/0001993004-26-000006.md) | [43.3](/filings/0001993004-26-000029.md) | [(115) d](/filings/0001993004-26-000050.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,372](/filings/0001993004-24-000006.md) | [1,478](/filings/0001993004-25-000021.md) | [1,422](/filings/0001993004-26-000006.md) | [1,514](/filings/0001993004-26-000006.md) | [1,611](/filings/0001993004-26-000006.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [20.1%](/filings/0001993004-24-000006.md) | [17.8%](/filings/0001993004-25-000021.md) | [21.1%](/filings/0001993004-26-000006.md) | [21.4%](/filings/0001993004-26-000006.md) | [20.2%](/filings/0001993004-26-000006.md) |
| Net margin | % | [13.6%](/filings/0001993004-24-000006.md) | [12.4%](/filings/0001993004-25-000021.md) | [13.7%](/filings/0001993004-26-000006.md) | [14.8%](/filings/0001993004-26-000006.md) | [11.2%](/filings/0001993004-26-000006.md) |
| Diluted EPS | $ per share | [3.60](/filings/0001993004-24-000006.md) | [3.25](/filings/0001993004-25-000021.md) | [3.22](/filings/0001993004-26-000006.md) | [3.65](/filings/0001993004-26-000006.md) | [2.94](/filings/0001993004-26-000006.md) |
| Free cash flow | $m | [(214)](/filings/0001993004-24-000006.md) | [(208)](/filings/0001993004-25-000021.md) | [(77.7)](/filings/0001993004-26-000006.md) | [(143)](/filings/0001993004-26-000006.md) | [(130)](/filings/0001993004-26-000006.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/nwe/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $649.6m | 9,070,752 |  | Added +789,222 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $254.2m | 3,548,697 |  | Added +58,960 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $199.8m | 2,790,136 |  | Added +7,429 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $174.1m | 2,431,546 |  | Added +96,465 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $128.1m | 1,788,900 |  | Added +94,546 |
| [FRANKLIN RESOURCES INC](/funds/38777.md) | 2026-06-30 | $113.3m | 1,581,525 |  | Reduced −40,442 |
| [NEUBERGER BERMAN GROUP LLC](/funds/1465109.md) | 2026-06-30 | $97.3m | 1,357,486 |  | Added +82,960 |
| [Balyasny Asset Management L.P.](/funds/1218710.md) | 2026-06-30 | $92.1m | 1,285,897 |  | Added +375,337 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $88.7m | 1,238,268 |  | Reduced −319,599 |
| [SYSTEMATIC FINANCIAL MANAGEMENT LP](/funds/1085936.md) | 2026-06-30 | $80.4m | 1,121,956 |  | Reduced −10,109 |

## Recent filings

[All 295 filings](/companies/nwe/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-09 | 14:24 ET | [8-K](/filings/0001993004-26-000054.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001993004-26-000054 |
| 2026-07-30 | 11:14 ET | [8-K](/filings/0001993004-26-000052.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001993004-26-000052 |
| 2026-07-30 | 22:19 ET | [10-Q](/filings/0001993004-26-000050.md) | Quarterly report, period 2026-06-30 | 0001993004-26-000050 |
| 2026-06-22 | 14:47 ET | [8-K](/filings/0001993004-26-000046.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001993004-26-000046 |
| 2026-06-02 | 11:22 ET | [8-K](/filings/0001993004-26-000044.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001993004-26-000044 |
| 2026-06-02 | 11:14 ET | [8-K](/filings/0001993004-26-000042.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001993004-26-000042 |
| 2026-05-27 | 11:05 ET | [8-K](/filings/0001993004-26-000038.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001993004-26-000038 |
| 2026-05-18 | 14:23 ET | [8-K](/filings/0001993004-26-000035.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001993004-26-000035 |
| 2026-05-05 | 14:33 ET | [8-K](/filings/0001993004-26-000033.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001993004-26-000033 |
| 2026-04-30 | 15:19 ET | [8-K](/filings/0001993004-26-000031.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001993004-26-000031 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001993004-26-000006.md), filed Feb 12, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/dc8ab3ce-1716-40d8-96b7-c0476ddd0513)

## About the filer

- CIK: 1993004
- Tickers: NWE
- Exchange: Nasdaq
- SIC code: 4931 Electric & Other Services Combined
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.