NorthWestern Energy Group Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,642	1,611	1,514	1,422	1,478	1,372
Revenue Growth (YoY)	9.06%	6.39%	6.45%	-3.77%	7.69%	14.49%
Fuel and Purchased Power Expense	417.12	409.76	433.82	420.26	492.01	425.55
Operations and Maintenance Expenses	465.75	443.16	365.27	337.88	335.2	310.18
Gross Profit	758.62	757.65	714.81	664	650.62	636.59
Depreciation & Amortization Expenses	253.96	249.53	227.64	210.47	195.02	187.47
Taxes Other than Income Tax	189.47	182.3	163.85	153.07	192.52	173.44
Operating Income	315.2	325.82	323.32	300.46	263.08	275.68
Interest Expense	-153.76	-150.35	-131.67	-114.62	-100.11	-93.67
Other Non-Operating Income (Expense)	11.23	12.1	23.02	15.83	19.43	8.25
Total Non-Operating Income (Expense)	-142.53	-138.25	-108.65	-98.79	-80.68	-85.42
Pretax Income	172.67	187.57	214.67	201.67	182.4	190.26
Provision for Income Taxes	5.07	6.47	-9.44	7.54	-0.61	3.42
Net Income	167.61	181.09	224.11	194.13	183.01	186.84
Net Income to Common	167.61	181.09	224.11	194.13	183.01	186.84
Net Income Growth	-28.97%	-19.20%	15.44%	6.08%	-2.05%	20.38%
Shares Outstanding (Basic)	61	61	61	60	56	52
Shares Outstanding (Diluted)	62	62	61	60	56	52
Shares Change (YoY)	0.22%	0.27%	1.68%	7.21%	8.48%	1.54%
EPS (Basic)	2.72	2.95	3.66	3.22	3.25	3.60
EPS (Diluted)	2.72	2.94	3.65	3.22	3.25	3.60
EPS Growth	-29.17%	-19.45%	13.35%	-0.92%	-9.72%	1.41%
Shares Outstanding	61.5	61.42	61.32	61.28	59.74	54.06
Free Cash Flow	-147.94	-130	-142.5	-77.66	-207.9	-214.35
Free Cash Flow Per Share	-2.41	-2.11	-2.32	-1.29	-3.69	-4.13
Dividends Per Share	2.650	2.640	2.600	2.560	2.520	2.480
Dividend Growth	0.38%	1.54%	1.56%	1.59%	1.61%	3.33%
Gross Margin	46.22%	47.04%	47.22%	46.69%	44.03%	46.39%
Operating Margin	19.20%	20.23%	21.36%	21.13%	17.80%	20.09%
Profit Margin	10.21%	11.24%	14.80%	13.65%	12.38%	13.61%
FCF Margin	-9.01%	-8.07%	-9.41%	-5.46%	-14.07%	-15.62%
EBITDA	569.16	575.34	550.96	510.93	458.1	463.15
EBITDA Margin	34.67%	35.72%	36.39%	35.93%	31.00%	33.75%
EBIT	315.2	325.82	323.32	300.46	263.08	275.68
EBIT Margin	19.20%	20.23%	21.36%	21.13%	17.80%	20.09%
Effective Tax Rate	2.93%	3.45%	-4.40%	3.74%	-0.33%	1.80%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q