NorthWestern Energy Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,611	1,514	1,422	1,478	1,372
Revenue Growth (YoY)	6.39%	6.45%	-3.77%	7.69%	14.49%
Operations & Maintenance	284.92	227.84	220.52	221.43	208.3
Selling, General & Admin	148.94	137.44	117.36	113.78	101.87
Depreciation & Amortization	249.53	227.64	210.47	195.02	187.47
Other Operating Expenses	593.16	594.53	576.9	676.06	605.19
Total Operating Expenses	1,277	1,187	1,125	1,206	1,103
Operating Income	334.01	326.47	296.89	271.56	269.48
Interest Expense	-150.35	-131.67	-114.62	-100.11	-93.67
Net Interest Expense	-150.35	-131.67	-114.62	-100.11	-93.67
Other Non-Operating Income (Expenses)	13.2	19.88	19.4	10.96	14.45
EBT Excluding Unusual Items	196.87	214.67	201.67	182.4	190.26
Total Merger & Restructuring Charges	-9.3	-	-	-	-
Pretax Income	187.57	214.67	201.67	182.4	190.26
Income Tax Expense	6.47	-9.44	7.54	-0.61	3.42
Net Income	181.09	224.11	194.13	183.01	186.84
Net Income to Common	181.09	224.11	194.13	183.01	186.84
Net Income Growth	-19.20%	15.44%	6.08%	-2.05%	20.38%
Shares Outstanding (Basic)	61	61	60	56	52
Shares Outstanding (Diluted)	62	61	60	56	52
Shares Change (YoY)	0.27%	1.68%	7.22%	8.52%	2.30%
EPS (Basic)	2.95	3.66	3.22	3.28	3.61
EPS (Diluted)	2.94	3.65	3.22	3.25	3.60
EPS Growth	-19.45%	13.41%	-0.98%	-9.72%	17.65%
Free Cash Flow	-130	-142.5	-77.66	-207.9	-214.35
Free Cash Flow Per Share	-2.11	-2.32	-1.29	-3.69	-4.13
Dividend Per Share	2.640	2.600	2.560	2.520	2.480
Dividend Growth	1.54%	1.56%	1.59%	1.61%	3.33%
Profit Margin	11.24%	14.80%	13.65%	12.38%	13.61%
Free Cash Flow Margin	-8.07%	-9.41%	-5.46%	-14.07%	-15.62%
EBITDA	583.54	554.1	507.36	466.58	456.95
EBITDA Margin	36.23%	36.60%	35.68%	31.57%	33.30%
D&A For EBITDA	249.53	227.64	210.47	195.02	187.47
EBIT	334.01	326.47	296.89	271.56	269.48
EBIT Margin	20.74%	21.56%	20.88%	18.38%	19.64%
Effective Tax Rate	3.45%	-	3.74%	-	1.80%
Revenue as Reported	1,611	1,514	1,422	1,478	1,372

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q