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    NorthWestern Corporation (NWE)

    Official site

    UTILITIES • UTILITIES - REGULATED ELECTRIC • NASDAQ

    $73.85
    -0.64 (-0.86%)

    Market Cap: $4.60B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    51%(20/39)
    Avg Surprise
    -1.16%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.74
    Range$0.70 - $0.77
    7 analysts
    EPS Revisions
    1
    0
    7d
    2
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.81-8.7%
    60d ago$0.78-5.7%
    30d ago$0.79-5.9%
    7d ago$0.82-9.5%
    Current$0.74
    Revenue Consensus
    $412M
    Range$399M - $424M
    3 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.26
    Range$1.12 - $1.30
    8 analysts
    Revenue Consensus
    $453M
    Range$396M - $535M
    6 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.26---
    Sep 26EST
    		-$0.74---
    Jun 26
    Reported Jul 29
    		$0.50$0.42+19.05%Beat+25.0%
    Mar 26
    Reported Apr 29
    		$1.31$1.29+1.55%Beat+7.4%
    Dec 25
    Reported Feb 11
    		$1.17$1.19-1.68%Miss+3.5%
    Sep 25
    Reported Oct 29
    		$0.79$0.75+5.33%Beat+21.5%
    Jun 25
    Reported Jul 30
    		$0.40$0.38+5.26%Beat-24.5%
    Mar 25
    Reported Apr 29
    		$1.22$1.18+3.39%Beat+11.9%
    Dec 24
    Reported Feb 12
    		$1.13$1.13-0.28%Miss-18.1%
    Sep 24
    Reported Oct 28
    		$0.65$0.68-4.41%Miss+32.7%
    Jun 24
    Reported Jul 30
    		$0.53$0.48+10.42%Beat+51.4%
    Mar 24
    Reported Apr 24
    		$1.09$1.16-6.03%Miss+3.8%
    Dec 23
    Reported Feb 14
    		$1.38$1.17+17.95%Beat+22.1%
    Sep 23
    Reported Oct 26
    		$0.49$0.54-9.26%Miss+16.7%
    Jun 23
    Reported Jul 24
    		$0.35$0.52-32.69%Miss-35.2%
    Mar 23
    Reported Apr 27
    		$1.05$1.11-5.41%Miss-3.7%
    Dec 22
    Reported Feb 16
    		$1.13$1.18-4.24%Miss+8.7%
    Sep 22
    Reported Oct 24
    		$0.42$0.58-27.59%Miss-35.4%
    Jun 22
    Reported Jul 27
    		$0.54$0.53+1.89%Beat-3.6%
    Mar 22
    Reported Apr 28
    		$1.09$1.20-9.17%Miss-12.1%
    Dec 21
    Reported Feb 10
    		$1.04$0.98+6.12%Beat-19.4%
    Sep 21
    Reported Oct 24
    		$0.65$0.57+14.04%Beat+10.2%
    Jun 21
    Reported Jul 27
    		$0.56$0.46+21.74%Beat+33.3%
    Mar 21
    Reported Apr 21
    		$1.24$1.15+7.83%Beat+17.0%
    Dec 20
    Reported Feb 11
    		$1.29$1.29+0.00%Beat+8.4%
    Sep 20
    Reported Oct 21
    		$0.59$0.58+1.72%Beat+18.0%
    Jun 20
    Reported Jul 28
    		$0.42$0.48-12.50%Miss-16.0%
    Mar 20
    Reported Apr 22
    		$1.06$1.23-13.82%Miss-13.8%
    Dec 19
    Reported Feb 12
    		$1.19$1.17+1.71%Beat+11.2%
    Sep 19
    Reported Oct 29
    		$0.50$0.61-18.03%Miss-13.8%
    Jun 19
    Reported Jul 23
    		$0.50$0.58-13.79%Miss-20.6%
    Mar 19
    Reported Apr 23
    		$1.23$1.19+3.36%Beat+10.8%
    Dec 18
    Reported Feb 11
    		$1.07$1.00+7.00%Beat+11.5%
    Sep 18
    Reported Oct 23
    		$0.58$0.72-19.44%Miss-21.6%
    Jun 18
    Reported Jul 19
    		$0.63$0.49+28.57%Beat+34.0%
    Mar 18
    Reported Apr 24
    		$1.11$1.16-4.31%Miss-1.8%
    Dec 17
    Reported Feb 12
    		$0.96$1.03-6.80%Miss+0.0%
    Sep 17
    Reported Nov 1
    		$0.74$0.75-1.33%Miss-
    Jun 17
    Reported Jul 25
    		$0.47$0.62-24.19%Miss-
    Mar 17
    Reported Apr 26
    		$1.13$1.03+9.71%Beat-
    Dec 16
    Reported Feb 16
    		$0.96$0.93+3.23%Beat-

    Dividends

    Dividend Metrics

    Forward Yield3.63%
    Forward Annual Dividend$2.68
    Payout Ratio39.47%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+1.56%
    5Y CAGR+1.92%
    NWE dividend history and ex-dividend datesRun NWE in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio19.59EV/EBITDA13.61x
    Price/FCF-23.64xFCF Yield-4.23%
    Profitability
    Profit Margin10.10%Operating Margin17.30%
    ROE5.94%ROIC5.01%
    Financial Health
    Debt/Equity1.24xInterest Coverage2.12x
    Current Ratio0.83xQuick Ratio0.58x
    Trading Statistics
    Beta0.32Avg Volume598.73K
    52-Week High$76.6852-Week Low$56.35

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$72.77
    SMA 20$70.76
    SMA 50$70.42
    SMA 200$68.96
    EMA 10$73.02
    EMA 20$71.74
    EMA 50$70.73
    EMA 200$68.09

    MACD

    Line: 1.31Signal: 0.73Hist: 0.57

    ADX

    ADX: 23.7+DI: 31.8-DI: 11.3

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down48.0
    PSAR$67.00

    Bollinger Bands

    Upper Band$76.33
    Lower Band$65.18
    %B Position1575%(Upper)
    Band Width0.78

    RSI (14-Day)

    Neutral
    61.9

    Momentum Oscillators

    Stoch %K83.9
    Stoch %D85.8
    Williams %R-26.1
    ROC (10d)7.8%
    Momentum5.32
    CCI (20d)106.4
    MFI (14d)59.2

    Volatility Measures

    ATR (14d)$1.97(2.7%)
    StdDev (20d)2.79
    Hist Vol30.6%(Moderate)

    Volume Flow

    VWAP$74.68
    OBV17.0M
    AD Line-497.2M
    CMF (20d)0.020

    Volume Metrics

    Avg Vol (20d)616.1K
    Vol Ratio0.6x
    VWMA (20d)$70.96

    Pivot Points

    R3$77.44
    R2$76.50
    R1$75.50
    Pivot Point$74.56
    S1$73.56
    S2$72.62
    S3$71.62

    Advanced Oscillators

    TSI23.09
    Ultimate Osc60.8
    KST35.43

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$392.60M$497.57M$414.26M$386.95M$342.71M$466.63M$373.47M$345.16M$319.93M$475.34M$356.01M$321.09M
    Cost of Revenue$168.92M$220.10M$211.09M$151.07M$137.61M$194.91M$155.15M$143.75M$133.85M$228.90M$154.83M$142.18M
    Gross Profit$223.68M$277.46M$203.17M$235.88M$205.11M$271.72M$218.32M$201.41M$186.08M$246.44M$201.18M$178.91M
    Operating Expenses$159.44M$163.35M$143.15M$155.60M$144.32M$147.00M$126.62M$133.47M$124.47M$144.36M$98.01M$123.28M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$42.36M$46.12M$36.40M$46.70M$33.77M$41.36M$30.79M$34.92M$31.28M$40.45M$23.30M$29.36M
    Operating Income$64.25M$114.11M$60.02M$80.28M$60.79M$124.73M$91.70M$67.93M$61.61M$102.08M$103.16M$55.63M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$40.33M$39.92M$39.23M$38.36M$36.25M$36.51M$35.42M$33.40M$31.88M$30.98M$29.47M$28.73M
    Income Before Tax$28.46M$77.25M$23.79M$47.02M$24.61M$92.14M$59.70M$43.65M$35.90M$75.42M$76.60M$31.03M
    Income Tax Expense$3.47M$13.80M$-20,903,000$8.79M$3.38M$15.20M$-20,849,000$-3,167,000$4.24M$10.33M$-6,546,000$1.70M
    Net Income$24.99M$63.46M$44.69M$38.23M$21.23M$76.94M$80.55M$46.82M$31.65M$65.09M$83.14M$29.34M
    EBITDA$136.72M$184.97M$125.95M$149.27M$124.60M$192.04M$153.29M$135.16M$125.86M$164.33M$151.85M$111.92M
    EBIT$68.79M$117.17M$63.01M$85.38M$60.86M$128.66M$95.13M$77.05M$67.77M$106.40M$99.16M$59.76M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $4.58M
    Gov Obligations / Revenue
    0.3%
    Obligations YoY
    4.9%
    Active Awards
    12
    New Awards (TTM)
    6
    Avg Remaining Term
    45.8 mo

    Top agency: Department of Health and Human Services at 89.5% of trailing twelve month obligations across 3 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    75N99025F00022Department of Health and Human ServicesNational Institutes of Health$3.55MFeb 1, 2025
    15B41626P00000010Department of JusticeFederal Prison System / Bureau of Prisons$271056Oct 1, 2025
    75N99025F00021Department of Health and Human ServicesNational Institutes of Health$204797Feb 1, 2025
    75H70926P00083Department of Health and Human ServicesIndian Health Service$190000Jul 19, 2026
    75N99025F00020Department of Health and Human ServicesNational Institutes of Health$92514Feb 1, 2025
    75H70926P00015Department of Health and Human ServicesIndian Health Service$60000Jan 14, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Is NorthWestern Energy Group (NWE) Fairly Valued After Argus Lifted Its Price Target?

    Argus recently raised its price target for NorthWestern Energy Group (NWE) to $79, highlighting the utility's regulated assets and steady customer demand. Despite recent slight declines...

    Simply Wall Street•10/16/26•Neutral

    NorthWestern Energy Group stock hits 52-week high at 76.68 USD

    NorthWestern Energy Group (NWE) stock has reached a new 52-week high of $76.68, reflecting strong performance with a 31.23% one-year return. Despite this achievement...

    Investing.com•10/15/26•Somewhat-Bullish

    NorthWestern Energy Group, Inc. (NWE) Stock Forecasts

    Argus has raised its target price for NorthWestern Energy Group Inc. (NWE) to $79.00. The company, which provides electricity and natural gas services in several U.S. states...

    Yahoo! Finance Canada•10/15/26•Bullish

    NorthWestern Energy Group, Inc. (NWE) Stock Forecasts

    The article "NorthWestern Energy Group, Inc. (NWE) Stock Forecasts" appears to be a placeholder or an article that failed to load content from Yahoo Finance. It contains only navigation elements, advertisements...

    Yahoo! Finance Canada•10/14/26•Neutral

    NorthWestern Energy to Host Third Quarter 2026 Financial Results Webinar

    NorthWestern Energy (Nasdaq: NWE) announced it will host an investor webinar on Thursday, November 5, 2026, at 11:00 a.m. Eastern to discuss its third-quarter 2026 financial results. The company plans to release its...

    Yahoo Finance•10/13/26•Neutral

    NWE Valuation and Fair Value

    P/E
    19.6x
    Forward P/E
    17.4x
    EV/EBITDA
    13.6x
    P/FCF
    -23.6x
    PEG
    2.7x
    P/B
    1.6x
    See GNG's fair value

    NWE Profitability: Margins, ROIC and FCF

    Gross margin
    55.6%
    Operating margin
    17.3%
    Net margin
    10.1%
    ROIC
    5.0%
    ROE
    5.9%
    FCF margin
    -11.4%
    FCF yield
    -4.2%

    NWE Competitors

    CompanyTicker
    Brookfield Infrastructure CorpBIPC
    TransAlta CorpTAC
    One Gas IncOGS
    Algonquin Power & Utilities CorpAQN
    Spire IncSR
    MDU Resources Group IncMDU
    Clearway Energy IncCWEN-A
    Chesapeake Utilities CorporationCPK

    Sector: Utilities

    NWE Analyst Ratings

    Consensus
    Buy
    Analysts
    7
    Strong Buy
    1
    Buy
    2
    Hold
    4
    Sell
    0
    Strong Sell
    0

    NWE Bull Case vs Bear Case

    Bull case

    • NWE grew quarterly revenue 14.6% year over year.

    NWE Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    3.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.74
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 0 down

    NWE Dividend

    Forward yield
    3.6%
    Payout ratio
    39.5%
    3Y DPS growth
    1.6%
    5Y DPS growth
    1.9%
    Pay months
    Mar, Jun, Sep, Dec
    NWE dividend history

    Frequently Asked Questions About NWE

    What is NWE's current dividend yield?

    NorthWestern Corporation (NWE) has a forward dividend yield of 3.63%.

    Does NWE pay dividends?

    Yes, NorthWestern Corporation pays dividends with a forward dividend yield of 3.63%.

    What is NWE's P/E ratio?

    NorthWestern Corporation has a price-to-earnings (P/E) ratio of 19.59.

    What is NWE's market cap?

    NorthWestern Corporation (NWE) has a market capitalization of $4.60B with a current stock price of $73.85.

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