NorthWestern Energy Group, Inc.
NWE
Jodie read · what matters now
Revenue increased 6.6% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to NWE, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-30 against the comparable filing from 2025-04-30.
What improved
- Revenue increased 6.6% versus the comparable filing period.
- Operating cash flow covered net income at 2.51x, improving versus the comparable period.
What weakened
- Operating margin fell 3.8 percentage points.
- Net income decreased 17.5% versus the comparable filing period.
- Net margin fell 3.7 percentage points.
Filing receipts
“The change in regulatory amortization revenue is primarily due to timing differences between when we incur electric supply costs and property taxes and when we recover these costs in rates from our customers, which has a minimal impact on utility margin.”
“This decrease was primarily due to retail volumes, operating, administrative, and general costs, including merger-related costs and costs associated with our additional ownership interests in Colstrip Units 3 and 4, depreciation expense, and interest expense.”
“This decrease was primarily due to higher non-service component pension expense and a decrease in the value of deferred shares held in trust for deferred compensation partly offset by higher capitalization of AFUDC.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind NWE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 8 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
NWE is currently a Leader in the organic co-movement group Regulated Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for NWE; it is not active in the latest market snapshot.
Theme membership history
No durable theme membership has been observed for this name yet.