NWE on Nasdaq

NorthWestern Energy Group, Inc.

American electric and other services combined company based in Sioux Falls. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerNWE on Nasdaq2
  • IndustryElectric & Other Services Combined2
  • HeadquartersSioux Falls, United States2
  • Incorporated inDE3
  • Business address3010 West 69Th Street, Sioux Falls, Sd 571083
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI254900N1WG46G1VMDM342
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 74909562

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

20.2%Operating margin4
11.2%Net margin4
6.4%Revenue growth, 20254
6.3%Return on equity4
1.10×Debt to equity4
-$130.0MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Electricity, US Regulated brought in 79% of the revenue NorthWestern Energy Group, Inc. broke down this way in fiscal 2025.

  1. Electricity, US Regulated$1.3B479%up 6% from 2024
  2. Natural Gas, US Regulated$340.6M421%up 9% from 2024
Products and services by year
Products and services202320242025
Electricity, US Regulated$1.1B$1.2B$1.3B
Natural Gas, US Regulated$353.3M$313.2M$340.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs88¢$1.4B
  • Income tax0¢$6.5M
  • Profit11¢$181.1M

Out of $1.6B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending76¢$524.5M
  • Dividends paid24¢$161.4M

Out of $394.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue564$1.6B in 2025+17% since 2021
0$500.0M$1.0B$1.5B$2.0B2021: $1.4B$1.4B20212022: $1.5B$1.5B2022+8%2023: $1.4B$1.4B2023−4%2024: $1.5B$1.5B2024+6%2025: $1.6B$1.6B2025+6%
Operating income564$325.8M in 2025+18% since 2021
0$100.0M$200.0M$300.0M$400.0M2021: $275.7M$275.7M20212022: $263.1M$263.1M2022−5%2023: $300.5M$300.5M2023+14%2024: $323.3M$323.3M2024+8%2025: $325.8M$325.8M2025+1%
Net income564$181.1M in 2025−3% since 2021
0$100.0M$200.0M$300.0M2021: $186.8M$186.8M20212022: $183.0M$183.0M2022−2%2023: $194.1M$194.1M2023+6%2024: $224.1M$224.1M2024+15%2025: $181.1M$181.1M2025−19%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 2 quarters (quarterly), latest first.4

Period ending2025-12-312024-12-312023-12-31
Electric$1.3B$1.2B$1.1B
Gas$340.6M$313.2M$353.3M
Total Revenues$1.6B$1.5B$1.4B
Utilities Operating Expense, Fuel Used$409.8M$433.8M$420.3M
Operating and maintenance$284.9M$227.8M$220.5M
Administrative and general$158.2M$137.4M$117.4M
Property and other taxes$182.3M$163.9M$153.1M
Depreciation and depletion$249.5M$227.6M$210.5M
Total Operating Expenses$1.3B$1.2B$1.1B
Operating Income$325.8M$323.3M$300.5M
Interest Expense, net-$150.4M-$131.7M-$114.6M
Other Income, net$12.1M$23.0M$15.8M
Income Before Income Taxes$187.6M$214.7M$201.7M
Income Tax (Expense) Benefit-$6.5M$9.4M-$7.5M
Net Income$181.1M$224.1M$194.1M
Average Common Shares Outstanding61.4M shares61.3M shares60.3M shares
Basic Earnings per Average Common Share$2.95$3.66$3.22
Diluted Earnings per Average Common Share$2.94$3.65$3.22

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Leadership

Who has led NorthWestern Energy Group, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brian B. Bird2024–now

President

  1. Brian B. Bird2024–now

Chief financial officer

  1. Crystal Dawn Lail2024–now
2025
Board members and other officers (19)

Timeline

  1. Mar 6, 2024New chief executive Brian B. Bird becomes CEO9
  2. May 30, 2023Founded NorthWestern Energy Group, Inc. is founded2

Filings

315 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 57 major events, 171 insider forms, 11 large holders, 64 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Oct 5, 20264 EDGAR
  5. Oct 5, 20264 EDGAR
  6. Oct 5, 20264 EDGAR
  7. Oct 5, 20264 EDGAR
  8. Oct 5, 20264 EDGAR
  9. Sep 9, 20268-K EDGAR
  10. Aug 6, 20264 EDGAR
  11. Aug 5, 20264 EDGAR
  12. Jul 30, 20268-K EDGAR
  13. Jul 30, 202610-Q EDGAR
  14. Jul 13, 20264 EDGAR
  15. Jul 13, 20264 EDGAR
  16. Jul 13, 20264 EDGAR
  17. Jul 13, 20264 EDGAR
  18. Jul 13, 20264 EDGAR
  19. Jul 13, 20264/A EDGAR
  20. Jul 13, 20264 EDGAR

The 315 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 1 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 2, 2025Cashell Michael RVP - TransmissionSale2,349$58.03$136.3KForm 4
Feb 25, 2025Ide Britt EDirectorSale702$54.32$38.1KForm 4
Dec 12, 2024Clark Anthony ThomasDirectorSale7,400$51.95$384.4KForm 4
Dec 9, 2024Ide Britt EDirectorSale700$53.57$37.5KForm 4
Aug 8, 2024Ide Britt EDirectorSale688$51.92$35.7KForm 4
May 7, 2024Hines John DVP - Energy Supply & MT GovSale1,565$51.15$80.0KForm 4
May 3, 2024Ide Britt EDirectorSale687$51.30$35.2KForm 4
May 1, 2024Schroeppel Bobbi LVP - HR, Cust Care, Corp CommSale1,350$50.75$68.5KForm 4
Feb 27, 2024Ide Britt EDirectorSale687$48.24$33.1KForm 4
Feb 20, 2024YAZDI MAHVASHDirectorBuy1,000$48.80$48.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,070,752$649.6M0.0%+789,222
Vanguard Portfolio Management LLC3,548,697$254.2M0.0%+58,960
Vanguard Capital Management LLC2,790,136$199.8M0.0%+7,429
State Street Corp2,431,546$174.1M0.0%+96,465
Geode Capital Management, LLC1,788,900$128.1M0.0%+94,546
Franklin Resources Inc1,581,525$113.3M0.0%−40,442
Neuberger Berman Group LLC1,357,486$97.3M0.1%+82,960
Balyasny Asset Management L.P.1,285,897$92.1M0.2%+375,337
American Century Companies Inc1,238,268$88.7M0.0%−319,599
Systematic Financial Management LP1,121,956$80.4M1.6%−10,109
AQR Arbitrage LLC1,094,832$78.4M1.3%+12,885
Millennium Management LLC1,064,119$76.2M0.1%−250,369
Goldman Sachs Group Inc1,051,382$75.3M0.0%−299,520
Dimensional Fund Advisors LP1,035,633$74.2M0.0%+12,403
Citigroup Inc1,023,760$73.3M0.0%+285,122
Alliancebernstein L.P.1,061,407$70.0M0.0%+245,094
Hudson Bay Capital Management LP903,026$64.7M0.3%+278,017
Fmr LLC861,126$61.7M0.0%+92,498
Northern Trust Corp824,542$59.1M0.0%+14,982
Morgan Stanley821,726$58.9M0.0%+48,525
Nomura Asset Management International Inc.806,508$57.8M0.1%−81,467
River Road Asset Management, LLC796,943$57.1M0.6%−208,859
Charles Schwab Investment Management Inc786,289$56.3M0.0%−25,386
Norges Bank780,561$55.9M0.0%New
Bank Of America Corp /de/758,501$54.3M0.0%−44,966

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 3, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−9.1%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−16.0%Report
Jun 9, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+11.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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