Jun 2026 (Q2 FY26) — Jul 30, 2026
NorthWestern Energy Group Q2 FY26 — Merger Approval Pending, Data Center Progress, and Reaffirmed Guidance
Read the full callNorthWestern Energy Group (NWE) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
NorthWestern Energy Group earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 393 | +14.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.4 | −1.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 25.0 | +17.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$73.85 −0.86% · −$0.64
Performance +26.6% 1Y
1Y: $58.33 on 14 Oct 2025 → $73.85. High $75.26 (13 Oct 2026), low $58.33 (14 Oct 2025).
- Previous close
- $74.49
- 52-week range
- $58.33 – $75.26
- One year
- +25.17%
Overview
- Symbol
- NWE
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
NorthWestern Energy Q1 FY26 — Strong Earnings and Merger Progress Amidst Warm Weather
Read the full callEvery analysed call
NorthWestern Energy Group earnings calls (NWE)
Financials
What the filings say
Net profit, year on year: +18% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 345 | 373 | 467 | 343 | 387 | 414 | 498 | 393 |
| Expenses | 277 | 282 | 342 | 282 | 307 | 354 | 383 | 328 |
| Operating profit | 68 | 92 | 125 | 61 | 80 | 60 | 114 | 64 |
| Operating margin | 19.7% | 24.6% | 26.7% | 17.7% | 20.8% | 14.5% | 22.9% | 16.4% |
| Profit before tax | 44 | 60 | 92 | 25 | 47 | 24 | 77 | 28 |
| Tax rate | −7.3% | −34.9% | 16.5% | 13.7% | 18.7% | −87.9% | 17.9% | 12.2% |
| Net profit | 47 | 81 | 77 | 21 | 38 | 45 | 63 | 25 |
| EPS ($ per share) | 0.76 | 1.32 | 1.25 | 0.35 | 0.62 | 0.73 | 1.03 | 0.41 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Equity capital | — | 1 | 1 | 1 | 1 |
| Reserves | — | 771 | 811 | 877 | 897 |
| Total liabilities | 4,441 | 4,653 | 4,815 | 5,140 | 5,574 |
| Fixed assets | — | 5,657 | 6,040 | 6,398 | 6,739 |
| Total assets | 6,780 | 7,318 | 7,601 | 7,998 | 8,460 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | 220 | 307 | 489 | 407 | 394 |
| Cash from investing | -436 | -517 | -571 | -554 | -571 |
| Cash from financing | 218 | 213 | 84 | 152 | 178 |
| Capital expenditure | -434 | -515 | -567 | -549 | -524 |
| Free cash flow | -214 | -208 | -78 | -143 | -130 |
NWE revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Regulated Electric | — | — | — | — | — | — | 73% | 83% | — |
| Regulated Natural Gas | — | — | — | — | — | — | 27% | 17% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- MT 123% ↓ 7 pt
- SD 30% ↓ 1 pt
- NE 3% ↑ 2 pt
As NWE cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
78 filings between Nov 4, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellNobody bought or sold NWE on the open market in this window. The filings below are 51 awards and 27 tax withholdings.
Compensation
not trading decisions- 51
- Award — granted as compensation
- 27
- Tax withheld — shares kept back by the company to cover tax
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Sullivan Linda G Director | Award | 804 | $55.0K |
| Oct 1, 2026 | Goodin David L Director | Award | 548 | $37.5K |
| Oct 1, 2026 | YAZDI MAHVASH Director | Award | 548 | $37.5K |
| Oct 1, 2026 | Larson Kent T Director | Award | 548 | $37.5K |
| Oct 1, 2026 | Yingling Jeffrey W. Director | Award | 548 | $37.5K |
| Oct 1, 2026 | HORSFALL JAN ROBERT Director | Award | 548 | $37.5K |
| Oct 1, 2026 | Ide Britt E Director | Award | 548 | $37.5K |
| Oct 1, 2026 | Edwards Sherina M. Director | Award | 548 | $37.5K |
| Aug 6, 2026 | HORSFALL JAN ROBERT Director | Award | 524 | $37.5K |
| Aug 4, 2026 | Yingling Jeffrey W. Director | Award | 524 | $37.5K |
| Jul 9, 2026 | Ide Britt E Director | Award | 524 | $37.5K |
| Jul 9, 2026 | Larson Kent T Director | Award | 524 | $37.5K |
| Jul 9, 2026 | Edwards Sherina M. Director | Award | 524 | $37.5K |
| Jul 9, 2026 | Sullivan Linda G Director | Award | 768 | $55.0K |
| Jul 9, 2026 | Goodin David L Director | Award | 524 | $37.5K |
| Jul 9, 2026 | YAZDI MAHVASH Director | Award | 524 | $37.5K |
| Jul 6, 2026 | YAZDI MAHVASH Director | Award | 524 | $37.5K |
| May 11, 2026 | HORSFALL JAN ROBERT Director | Award | 569 | $37.5K |
| May 11, 2026 | Yingling Jeffrey W. Director | Award | 569 | $37.5K |
| Apr 7, 2026 | Larson Kent T Director | Award | 569 | $37.5K |
| Apr 7, 2026 | Goodin David L Director | Award | 569 | $37.5K |
| Apr 7, 2026 | Sullivan Linda G Director | Award | 834 | $55.0K |
| Apr 7, 2026 | Edwards Sherina M. Director | Award | 569 | $37.5K |
| Apr 7, 2026 | Ide Britt E Director | Award | 569 | $37.5K |
| Apr 7, 2026 | YAZDI MAHVASH Director | Award | 569 | $37.5K |
| Mar 3, 2026 | Hines John D VP - Energy Supply & MT Gov | Award | 1,354 | $92.7K |
| Mar 3, 2026 | Hines John D VP - Energy Supply & MT Gov | Tax withheld | 398 | $0 |
| Feb 27, 2026 | Lail Crystal Dawn VP and CFO | Award | 6,186 | $423.4K |
| Feb 27, 2026 | Cashell Michael R VP - Transmission | Tax withheld | 763 | $0 |
| Feb 27, 2026 | Cashell Michael R VP - Transmission | Award | 2,453 | $167.9K |
| Feb 27, 2026 | Berzina Jeffrey B. Controller | Tax withheld | 278 | $0 |
| Feb 27, 2026 | Berzina Jeffrey B. Controller | Award | 938 | $64.2K |
| Feb 27, 2026 | Schroeppel Bobbi L VP - HR, Cust Care, Corp Comm | Tax withheld | 643 | $0 |
| Feb 27, 2026 | BIRD BRIAN B President and CEO | Tax withheld | 7,341 | $0 |
| Feb 27, 2026 | Schroeppel Bobbi L VP - HR, Cust Care, Corp Comm | Award | 2,464 | $168.7K |
| Feb 27, 2026 | BIRD BRIAN B President and CEO | Award | 20,864 | $1.43M |
| Feb 27, 2026 | LaFave Bleau VP - Bus Dvlpmt & Asset Mgmt | Tax withheld | 198 | $0 |
| Feb 27, 2026 | Merkel Jason VP - Distribution | Tax withheld | 461 | $0 |
| Feb 27, 2026 | Lail Crystal Dawn VP and CFO | Tax withheld | 1,506 | $0 |
| Feb 27, 2026 | Heim Shannon VP and General Counsel | Award | 2,818 | $192.9K |
| Feb 27, 2026 | LaFave Bleau VP - Bus Dvlpmt & Asset Mgmt | Award | 671 | $45.9K |
| Feb 27, 2026 | Merkel Jason VP - Distribution | Award | 1,331 | $91.1K |
| Feb 27, 2026 | Vold Jeanne VP - Technology | Tax withheld | 478 | $0 |
| Feb 27, 2026 | Vold Jeanne VP - Technology | Award | 1,679 | $114.9K |
| Feb 27, 2026 | Heim Shannon VP and General Counsel | Tax withheld | 892 | $0 |
| Feb 24, 2026 | Heim Shannon VP and General Counsel | Tax withheld | 11 | $0 |
| Feb 24, 2026 | Heim Shannon VP and General Counsel | Award | 148 | $10.1K |
| Feb 24, 2026 | BIRD BRIAN B President and CEO | Award | 2,587 | $177.1K |
| Feb 24, 2026 | Lail Crystal Dawn VP and CFO | Tax withheld | 29 | $0 |
| Feb 24, 2026 | Lail Crystal Dawn VP and CFO | Award | 1,260 | $86.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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