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Earnings transcript
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NWE
Northwestern Energy Group Inc
$74.72
0.87
(1.18%)
| Exchange: | NASDAQ |
| Market Cap: | 4.597B |
| Shares Outstanding: | 15.065M |
Delayed data
About The Company
| Sector: | UtilitiesView sector performance | |||||
| Industry: | Regulated ElectricView industry performance | |||||
| CEO: | Brian Bird | |||||
| Full Time Employees: | 1667 | |||||
| Address: |
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| Website: | https://www.northwesternenergy.com |
NorthWestern Corporation, which conducts business under the name NorthWestern Energy, supplies electricity and natural gas to residential, commercial, and diverse industrial clients. The company organizes its operations into two primary divisions: Electric and Natural Gas. In its Electric segment, NorthWestern Energy is responsible for generating, procuring, transmitting, and distributing electrical power. For its Natural Gas segment, the firm undertakes the production, purchase, storage, transmission, and delivery of natural gas, additionally holding local government authorizations to provide gas services in various communities. The company’s extensive infrastructure in Montana encompasses 6,819 miles of electric transmission lines, 18,177 miles of electric distribution lines, and roughly 400 transmission and distribution substations. Its natural gas network in Montana features 2,166 miles of transmission lines, 4,945 miles of distribution lines, and approximately 138 city gate stations. Furthermore, in South Dakota, NorthWestern Energy manages 1,308 miles of electric transmission and 2,320 miles of electric distribution lines. Its natural gas facilities in South Dakota include 55 miles of transmission lines, while a combined 2,517 miles of natural gas distribution lines serve both South Dakota and Nebraska. Collectively, NorthWestern Energy caters to approximately 753,600 customers situated across Montana, South Dakota, Nebraska, and Yellowstone National Park. The corporation was founded in 1923 and is based in Sioux Falls, South Dakota.
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Revenue Segmentation
NWE full analysis
Welcome to MARKETSNAP’s SWOT analysis for NorthWestern Energy, ticker NWE! If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into NorthWestern Energy, a company that might not be a household name like some tech giants, but it’s a steady player in the utility sector with some interesting dynamics worth exploring. Let’s break it down with a quick overview, check out the latest buzz and performance, and then…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| NWE | Northwestern Energy Group Inc | 4.6B | 26.6 | 20.0 | 3.9% |
 PAM | Pampa Energía S.A. | 4.3B | 7.9 | 12,245 | 6.2% |
 POR | Portland General Electric Company | 5.2B | 19.8 | 13.2 | 3.7% |
 DTG | DTE Energy Company 2021 Series | 3.1B | 19.9 | 2.0 | 3.8% |
 CMSC | CMS Energy Corporation 5.875% J | 6.1B | 19.4 | 5.1 | 3.4% |
 DTB | DTE Energy Company 2020 Series | 3.1B | 19.9 | 1.9 | 3.8% |
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,422,143 | 1,513,898 | 1,610,559 |
| Gross Profit | 781,357 | 1,286,062 | 1,325,635 |
| EBITDA | 526,149 | 574,432 | 587,442 |
| Operating Income | 300,455 | 323,321 | 325,818 |
| Net Income | 194,131 | 224,111 | 181,092 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 7,600,652 | 7,997,524 | 8,459,691 |
| Total Liabilities | 4,815,338 | 5,139,824 | 5,573,951 |
| Total Stockholders Equity | 2,785,314 | 2,857,700 | 2,885,740 |
| Total Debt | 2,793,384 | 3,100,754 | 3,287,872 |
| Cash and Cash Equivalents | 9,164 | 4,283 | 8,781 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 489,231 | 406,741 | 394,455 |
| Capital Expenditure | -566,889 | -549,244 | -524,456 |
| Free Cash Flow | -77,658 | -142,503 | -130,001 |
| Net Income | 194,131 | 224,111 | 181,092 |
| Net Change in Cash | 2,724 | 3,830 | 1,721 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,972,322.965 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 2,100,401.010 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 2,030,160 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,016,006.643 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,045,934.932 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,029,521.341 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 277,610.308 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 301,253.656 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 288,286.919 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 166,770.921 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 177,600.635 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 171,661.365 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.700 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 4.910 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.520 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 2 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Stable Financial Performance: NorthWestern Energy reported a GAAP diluted EPS of $0.35 for Q2 2025, reflecting consistent earnings delivery. Revenue and net income trends from income statements indicate steady growth, supported by robust operating cash flow as seen in cash flow statements.
- Infrastructure Investment: The company is actively investing in infrastructure, as highlighted in the Q2 2025 earnings call summary. This focus on capital expenditure (evident in cash flow statements under investments in property, plant, and equipment) strengthens operational reliability and positions NWE for long-term growth.
- Dividend Yield: With a competitive dividend yield (as per key metrics TTM data), NWE offers an attractive return to income-focused investors, supported by consistent dividend payments noted in cash flow statements.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates NWE intrinsic value between $60.27 – $62.13 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about NWE valuation
Is Northwestern Energy Group Inc (NWE) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Northwestern Energy Group Inc (NWE) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is NWE a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NWE trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is NWE’s P/E ratio?
You can see NWE’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for NWE?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is NWE a good long-term investment?
Whether NWE fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
NWE
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Daily snapshot
1.18
Trading Metrics:
| Open: | 74.1 | Previous Close: | 73.85 | |
| Day Low: | 73.89 | Day High: | 75.15 | |
| Year Low: | 58.57 | Year High: | 76.68 | |
| Price Avg 50: | 70.52 | Price Avg 200: | 69.82 | |
| Volume: | 292547 | Average Volume: | 476097 |
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