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NorthWestern Corporation (NWE)

US · Utilities · Utilities - Regulated Electric

$82.73+0.87%
Last close · 2026-11-06

Latest quarter · ended 2026-09-30

Revenue
$423.8M
Revenue YoY
+9.5%
Net profit
$30.7M
Profit YoY
-19.6%
EPS
$0.58
EPS estimate
$0.73
Net margin
7.3%

EPS came in at 0.58 against a street estimate of 0.73 — a miss of 20.5%.

Key statistics

Market cap
$5.05B
P/E
29.6
Forward P/E
20.7
P/B
1.74
Book value
$46.98
EPS (TTM)
$2.77
52-week high
$84.18
52-week low
$60.70
50-day MA
$72.57
200-day MA
$70.64
Beta
0.31

Analyst view

Analysts rate NorthWestern Corporation a buy (5 buy, 3 hold, 0 sell out of 8) with an average price target of $79.21.

From the latest earnings call · 2026-07-30

CONFIDENT NWE beat Q2 EPS estimates ($0.50 vs $0.42 street), reaffirmed 2026 guidance ($3.68–$3.83), and secured all major merger approvals except Montana PSC. Awaiting decision mid-Oct to mid-Nov. Data center pipeline active with 3 development agreements. Q2 2026 Montana benefits from rate recovery; South Dakota awaiting legislative action on equipment tax. Both states active in large-load/data-center pipeline. Analysts pressed Quantica upside (7.2 GW claim), Colstrip cost recovery timing, transmission adequacy, and data-center public pushback. Management stayed disciplined: focused on 1.1 GW near-term, committed to rate-review solution, emphasized multi-path transmission strategy, and acknowledged industry-wide community engagement need. 2026-07-30…

Full summary in the app.

Shareholding

Insiders
0.67%
Institutions
97.99%

Largest institutional holders

FundStake
BlackRock Inc14.74%
Vanguard Portfolio Management, LLC5.77%
Vanguard Capital Management, LLC4.54%
State Street Corp3.95%
Geode Capital Management, LLC2.91%
Franklin Templeton Inc2.57%
Neuberger Berman Group LLC2.21%
Balyasny Asset Management LLC2.09%

Recent filings & reports

DocumentDate
Quarterly report · Q3 2026
HEADLINE NUMBERS • Third-quarter 2026 revenue rose to $423.760 million from $386.952 million, up $36.808 million. • Nine-month revenue increased to
2026-11-05
Results announced · Q4 2026
HEADLINE NUMBERS • Third-quarter 2026 diluted GAAP EPS was $0.50, down from $0.62 in 2025. Net income was $30.7 million, compared with $38.2 million.
2026-11-05
Reg FD disclosure · Q3 2026
NORTHWESTERM ENERGY GROUP, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • Company affirmed 2026 non-GAAP earnings guidance range of $3.68 to $3.83 per d
2026-09-09
Quarterly report · Q2 2026
NORTHWESTERN ENERGY GROUP, INC. – FORM 10-Q SUMMARY Quarter Ended June 30, 2026 --- HEADLINE NUMBERS • Total Revenues (6 months): $890.2 million (u
2026-07-30
Results announced · Q3 2026
NORTHWESTERNI ENERGY GROUP Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Q2 2026 diluted GAAP EPS: $0.40 vs. $0.35 in Q2 2025 (14% increase) • Q2 2026
2026-07-30
Material agreement · Q2 2026
NORTHWESTWRN ENERGY GROUP, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • Company issued $150 million in South Dakota First Mortgage Bonds on June 15, 2
2026-06-22
Material agreement · Q2 2026
NORTHWESTERN ENERGY GROUP, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • Company entered into a $225 million secured term loan credit agreement on May
2026-06-02
Reg FD disclosure · Q2 2026
NORTHWESTERN ENERGY GROUP, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • 2026 Non-GAAP Earnings Guidance: $3.68 to $3.83 per diluted share (affirmed as
2026-06-02

Readable in the app.

Corporate actions

ActionDetailDate
Dividend$0.67 / share
ex-date Aug 17, 2026 · pay Sep 1, 2026
2026-08-17
Dividend$0.67 / share
ex-date Jun 15, 2026 · pay Jun 30, 2026
2026-06-15
Dividend$0.67 / share
ex-date Mar 13, 2026 · pay Mar 31, 2026
2026-03-13
Dividend$0.66 / share
ex-date Dec 15, 2025 · pay Dec 31, 2025
2025-12-15

Deals & corporate news

AnnouncementDate
Proposed merger between NorthWestern and Black Hills
NorthWestern Energy’s 8-K included an investor presentation discussing its proposed merger with Black Hills, but the excerpt provided does not announce a completed transaction or give defini
2026-11-06
2026 earnings guidance affirmed at $3.68 to $3.83 per diluted share
NorthWestern Energy reported third-quarter 2026 results and reaffirmed its full-year 2026 earnings guidance of $3.68 to $3.83 per diluted share. The filing does not provide the quarter’s rev
2026-11-05
Affirms 2026 non-GAAP earnings guidance range of $3.68 to $3.83 per share
NorthWestern Energy (Nasdaq: NWE) announced that its CFO and investor relations director will present at the Barclays 40th Annual Energy-Power Conference on September 9, 2026, in New York. T
2026-09-09
Q2 2026 results reported; 2026 earnings guidance affirmed at $3.68-$3.83 per share
NorthWestern Energy Group (Nasdaq: NWE) reported Q2 2026 financial results on July 29, 2026, and reaffirmed its full-year 2026 earnings guidance of $3.68 to $3.83 per diluted share. The comp
2026-07-30
Affirms 2026 non-GAAP earnings guidance range of $3.68 to $3.83 per share
NorthWestern Energy (Nasdaq: NWE) announced that three company executives—CFO Crystal Lail, Director of Corporate Development Travis Meyer, and Treasurer Emilie Ng—will attend investor meeti
2026-06-02

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Data updated 2026-11-07.