NorthWestern Energy Group, Inc.

Listed Company

NWECIK 0001993004NasdaqLarge AcceleratedElectric & Other Services CombinedDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.61B

Net Income

$181.09M

Total Assets

$8.46B

Equity

$2.89B

Shares Out

61.51M

Op. Cash Flow

$394.45M

Business

NorthWestern Energy Group, Inc. provides regulated energy infrastructure and services, delivering electricity and natural gas to residential, commercial and industrial customers. It generates, purchases, transmits, stores and distributes electricity and natural gas and offers related customer services, wholesale supply, and transmission services under market and contractual arrangements. The company operates principally through two segments—electric utility operations and natural gas utility operations—with Montana operations conducted through NW Corp and South Dakota/Nebraska operations conducted through NWE Public Service. Its service territory includes Montana, South Dakota, Nebraska and Yellowstone National Park, serving retail and wholesale markets and participating in regional energy markets and transmission organizations.

Summary from filing dated 2025-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Electric	1,270	1,201	1,069	1,107	1,052
Gas	341	313	353	371	320
Total Revenues	1,611	1,514	1,422	1,478	1,372
Utilities Operating Expense, Fuel Used	410	434	420	492	426
Operating and maintenance	285	228	221	221	208
Administrative and general	158	137	117	114	102
Property and other taxes	182	164	153	193	173
Depreciation and depletion	250	228	210	195	187
Total Operating Expenses	1,285	1,191	1,122	1,215	1,097
Operating Income	326	323	300	263	276
Interest Expense, net	−150	−132	−115	−100	−94
Other Income, net	12	23	16	19	8
Income Before Income Taxes	188	215	202	182	190
Income Tax (Expense) Benefit	−6	9	−8	605,000	−3
Net Income	181	224	194	183	187
Average Common Shares Outstanding	61	61	60	56	52
Basic Earnings per Average Common Share	2.95	3.66	3.22	3.28	3.61
Diluted Earnings per Average Common Share	2.94	3.65	3.22	3.25	3.6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	9	4	9	8	3
Restricted cash	22	25	16	14	—
Accounts receivable, net	210	188	212	245	—
Inventories	133	123	115	107	—
Regulatory assets	93	40	30	136	—
Prepaid expenses and other	38	39	25	28	—
Total current assets	504	418	407	539	—
Property, plant, and equipment, net	6,739	6,398	6,040	5,657	—
Goodwill	368	358	358	358	—
Regulatory assets	773	764	744	717	—
Other noncurrent assets	77	59	52	47	—
Total Assets	8,460	7,998	7,601	7,318	6,780
Current maturities of finance leases	2	4	3	3	—
Long-term Debt, Current Maturities	105	300	100	—	—
Short-Term Debt	150	100	0	145	—
Accounts payable	130	112	124	201	—
Accrued expenses and other	272	255	246	251	—
Regulatory liabilities	39	32	61	21	—
Total current liabilities	697	802	535	621	—
Commitments and Contingencies (Note 20)	—	—	—	—	—
Long-term finance leases	0	2	5	9	—
Long-term debt	3,181	2,695	2,685	2,474	—
Deferred income taxes	733	663	601	539	—
Noncurrent regulatory liabilities	679	661	657	654	—
Other noncurrent liabilities	284	316	332	355	—
Total Liabilities	5,574	5,140	4,815	4,653	—
Common Stock, Value, Issued	649,000	648,000	648,000	633,000	—
Treasury stock at cost	−98	−97	−98	−98	—
Paid-in capital	2,092	2,084	2,079	1,999	—
Retained earnings	897	877	811	771	—
Accumulated other comprehensive loss	−6	−7	−8	−8	−7
Total Shareholders' Equity	2,886	2,858	2,785	2,665	2,340
Common stock, par or stated value per share	0.01	0.01	0.01	0.01	—
Common stock, shares authorized	200	200	200	200	—
Common Stock, shares issued	65	65	65	63	—
Common Stock, shares outstanding	61	61	61	60	—
Preferred stock, par or stated value per share	0.01	0.01	0.01	0.01	—
Preferred stock, shares authorized	50	50	50	50	—
Preferred Stock, shares issued	0	0	0	0	—
Total Liabilities and Shareholders' Equity	8,460	7,998	7,601	7,318	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of debt issuance costs, discount and deferred hedge gain	4	5	5	5	5
Stock-based compensation costs	7	5	5	5	5
Equity portion of AFUDC	−10	−19	−18	−14	−11
(Gain) loss on disposition of assets	−82,000	−61,000	316,000	482,000	−47,000
Impairment, Long-Lived Asset, Held-for-Use	31	0	0	—	—
Deferred income taxes	7	−9	7	−9	525,000
Accounts receivable	−20	24	33	−46	−30
Inventories	−6	−8	−7	−27	−20
Other current assets	632,000	−13	3	−4	−7
Accounts payable	−4	7	−55	51	7
Accrued expenses	16	10	−3	17	26
Regulatory assets	−54	−10	106	−21	−70
Regulatory liabilities	6	−29	40	−7	−28
Other noncurrent assets and liabilities	−14	−12	−31	−22	−34
Cash Provided by Operating Activities	394	407	489	307	220
Property, plant, and equipment additions	−524	−549	−567	−515	−434
Investment in equity securities	−10	−5	−4	−2	−2
Payment for (Proceeds from) Other Investing Activity	0	−500,000	0	0	—
Cash Used in Investing Activities	−571	−554	−571	−517	−436
Dividends on common stock	−161	−159	−154	−140	−128
Proceeds from issuance of common stock, net	0	0	74	277	196
Issuance of long-term debt	602	215	300	0	100
Payment for Debt Extinguishment or Debt Prepayment Cost	−300	−100	0	0	−955,000
Line of credit (repayments) borrowings , net	−9	95	−132	77	151
Issuances of short-term borrowings	50	100	0	0	−100
Treasury stock activity	709,000	1	1	603,000	707,000
Financing costs	−4	−1	−4	−1	−909,000
Cash Provided by Financing Activities	178	152	84	213	218
Net Increase in Cash, Cash Equivalents, and Restricted Cash	2	4	3	4	2
Other Noncash Expense	0	4	0	0	—
Payments to Acquire Businesses, Gross	−36	0	0	—	—

Filings

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