NorthWestern Corporation

Utilities · Utilities - Regulated Electric

68.70$ -1.7% vs. previous close Closing price · As of: Sep 23, 2026

Statements

Income Statement

NorthWestern Corporation (NWE) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 1,611 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)

Income Statement NWE
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	344	918	1,187	3,004	7,132	4,238	1,992	1,027	206	1,166	1,133	1,200	1,261	1,142	1,111	1,117	1,070	1,155	1,205	1,214	1,257	1,306	1,192	1,258	1,199	1,372	1,478	1,422	1,514	1,611
Cost of Revenue	166	682	681	2,468	6,296	3,380	1,095	1,101	1,071	1,284	1,227	668	699	574	531	495	395	480	483	373	401	410	273	527	306	426	713	641	228	285
Gross Profit	178	236	506	537	836	858	896	-74	-865	-118	-95	532	562	568	580	623	675	675	722	841	856	895	919	731	892	947	764	781	1,286	1,326
Research & Development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–
Selling, General & Administrative	–	–	231	389	687	791	772	316	240	226	240	222	226	246	237	267	270	286	306	297	303	305	307	109	297	102	114	117	137	158
Total Operating Expenses	128	177	432	457	795	942	1,526	945	186	1,021	1,022	392	392	414	417	457	474	504	544	576	610	634	653	454	656	671	501	481	963	1,000
Operating Income	50	59	74	80	41	-84	-630	82	20	144	110	140	170	154	163	166	177	171	178	266	246	261	266	277	236	276	263	300	323	326
Interest Expense	0.0	0.0	0.0	0.0	0.0	0.0	130	148	148	61	56	57	64	68	66	67	65	70	78	92	95	92	92	95	97	94	100	115	132	150
Pre-Tax Income	39	35	41	59	46	-2.8	-750	-87	-11	100	63	86	108	89	103	103	116	108	110	181	157	176	178	182	144	190	182	202	215	188
Income Tax Expense	15	11	13	15	-4.1	-47	-0.8	0.0	-4.9	39	26	32	40	15	26	10	18	14	-10	30	-7.6	13	-19	-20	-11	3.4	-0.6	7.5	-9.4	6.5
Net Income	23	24	27	45	50	45	-864	-129	-6.9	59	38	53	68	73	77	93	98	94	121	151	164	163	197	202	155	187	183	194	224	181
EBITDA	60	79	110	138	113	102	124	166	33	209	182	225	257	247	261	270	289	288	302	418	414	434	441	442	421	471	478	526	574	587

Data as of: September 23, 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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Income Statement

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