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%
Fuel and Purchased Power Expense	409.76	433.82	420.26	492.01	425.55
Operations and Maintenance Expenses	443.16	365.27	337.88	335.2	310.18
Gross Profit	757.65	714.81	664	650.62	636.59
Depreciation & Amortization Expenses	249.53	227.64	210.47	195.02	187.47
Taxes Other than Income Tax	182.3	163.85	153.07	192.52	173.44
Operating Income	325.82	323.32	300.46	263.08	275.68
Interest Expense	-150.35	-131.67	-114.62	-100.11	-93.67
Other Non-Operating Income (Expense)	12.1	23.02	15.83	19.43	8.25
Total Non-Operating Income (Expense)	-138.25	-108.65	-98.79	-80.68	-85.42
Pretax Income	187.57	214.67	201.67	182.4	190.26
Provision for Income Taxes	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%	7.21%	8.48%	1.54%
EPS (Basic)	2.95	3.66	3.22	3.25	3.60
EPS (Diluted)	2.94	3.65	3.22	3.25	3.60
EPS Growth	-19.45%	13.35%	-0.92%	-9.72%	1.41%
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
Dividends Per Share	2.640	2.600	2.560	2.520	2.480
Dividend Growth	1.54%	1.56%	1.59%	1.61%	3.33%
Gross Margin	47.04%	47.22%	46.69%	44.03%	46.39%
Operating Margin	20.23%	21.36%	21.13%	17.80%	20.09%
Profit Margin	11.24%	14.80%	13.65%	12.38%	13.61%
FCF Margin	-8.07%	-9.41%	-5.46%	-14.07%	-15.62%
EBITDA	575.34	550.96	510.93	458.1	463.15
EBITDA Margin	35.72%	36.39%	35.93%	31.00%	33.75%
EBIT	325.82	323.32	300.46	263.08	275.68
EBIT Margin	20.23%	21.36%	21.13%	17.80%	20.09%
Effective Tax Rate	3.45%	-4.40%	3.74%	-0.33%	1.80%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q