NorthWestern Corporation

Utilities · Utilities - Regulated Electric

74.20$ -0.6% vs. previous close Closing price · As of: Oct 9, 2026

Statements

Cash Flow

NorthWestern Corporation (NWE) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Operating Cash Flow" came in at 74 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Cash Flow NWE
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Operating Cash Flow	117	31	157	21	123	23	173	74	99	36	111	33	109	43	158	61	103	30	66	39	117	-1.6	196	37	76	-2.0	214	80	133	62	162	62	120	63	153	58	127	56	159	74	416
Depreciation & Amortization	39	2.1	1.2	41	42	4.8	1.2	44	44	4.6	1.2	41	43	4.6	1.2	45	44	4.9	1.3	47	54	5.3	49	48	49	5.3	1.3	52	52	53	57	57	-110	57	62	1.4	63	62	67	67	259
Stock-Based Compensation	1.1	2.3	2.3	1.5	1.2	0.6	2.5	1.2	1.2	2.7	2.4	1.2	1.2	3.2	3.0	1.2	1.2	-1.2	3.2	1.3	1.3	-0.5	2.8	1.2	0.3	1.2	3.3	1.6	0.3	0.1	2.1	1.7	1.5	-0.6	2.3	1.9	1.9	0.9	2.0	2.0	6.9
Adjustments to Net Income	-13	-0.5	-0.7	-1.6	1.1	1.9	6.2	11	-2.2	0.6	-22	-18	4.0	16	11	-0.4	-4.8	1.9	-25	0.8	4.6	-9.1	-7.9	-8.0	-7.7	-0.6	-12	6.6	–	–	–	–	–	–	–	–	–	–	–	–	–
Change in Working Capital	45	-53	51	-44	41	-69	66	-18	25	-58	-10	-39	44	-65	59	-6.0	33	-63	-44	-47	29	-92	93	-43	10	-119	107	9.7	58	-90	27	-28	26	-56	-0.6	-30	19	-64	14	-27	-58
Capital Expenditures	83	84	52	68	78	79	52	64	77	91	66	81	96	73	78	98	107	123	78	104	129	123	116	119	152	129	137	127	144	160	109	139	153	149	92	129	154	150	116	189	608
Investing Cash Flow	-82	-84	-51	-67	-78	-79	-52	-83	-77	-93	-66	-81	-96	-73	-78	-98	-107	-123	-78	-105	-129	-124	-116	-119	-152	-130	-137	-129	-145	-160	-109	-139	-157	-149	-97	-130	-192	-152	-116	-190	-650
Dividends Paid	24	24	25	25	25	26	27	27	27	27	29	29	29	29	30	30	30	30	31	32	32	33	34	34	35	37	38	38	39	39	40	40	40	40	40	40	40	40	41	41	163
Stock Buybacks / Issuance	0.9	0.2	-0.9	1.3	5.3	269	1.6	45	624	3,061	0.8	0.2	93	114	-2.5	0.4	0.4	0.3	-0.3	–	-115	–	–	100	80	98	–	11	14	–	–	–	–	–	–	–	–	–	–	–	–
Net Borrowings	-16	77	-72	75	-34	34	-97	-6.9	6.0	86	-22	78	17	57	5.9	19	32	175	48	39	-16	78	-33	12	33	64	-33	74	–	–	–	–	73	127	38	59	109	137	-4.0	155	397
Financing Cash Flow	-39	53	-98	51	-54	57	-122	11	-21	59	-50	50	-12	28	-27	-12	0.8	96	17	64	17	120	-67	77	78	125	-73	46	9.9	101	-57	88	34	88	-5.6	18	69	96	-46	113	232
Change in Cash	-3.9	0.0	7.4	4.4	-9.0	0.6	-1.1	2.0	1.2	1.2	-4.3	1.4	1.6	-2.0	53	-49	-2.4	3.1	4.8	-2.3	4.6	-5.5	12	-4.8	2.6	-6.3	4.6	-3.1	-2.4	3.5	-4.8	11	-3.1	1.1	51	-54	3.9	0.3	-3.1	-2.5	-1.4
Free Cash Flow	34	-53	105	-47	45	-56	121	9.6	22	-55	46	-48	13	-30	80	-37	-3.2	-93	-12	-65	-12	-125	80	-82	-76	-131	77	-46	-11	-97	53	-76	-33	-86	61	-71	-27	-94	43	-115	-192

LTM = last twelve months (sum of the four most recent quarters).

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: October 9, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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