NorthWestern Energy (NWE) Capital Expenditures (2022 - 2026)
NorthWestern Energy's (NWE) quarterly Capital Expenditures came in at $188.7 million in Q2 2026, up 46.44% YoY from $128.9 million in Q2 2025, and up 62.55% on a QoQ basis from $116.1 million in Q1 2026.
NorthWestern Energy (NWE) Capital Expenditures (2022 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has 5 years of Capital Expenditures data on file, last reported at $188.7 million in Q2 2026.
- Quarterly Capital Expenditures rose 46.44% year-over-year to $188.7 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $608.2 million (up 16.33% YoY) and the FY2025 annual result came in at $524.5 million, down 4.51% from the prior year.
- Capital Expenditures grew to $188.7 million in Q2 2026, from $116.1 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $188.7 million in Q2 2026 to a low of $92.1 million in Q1 2025.
- A 5-year average of $138.3 million and a median of $138.6 million in 2024 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2024 — Capital Expenditures decreased 20.39% — and 2026, when it soared 46.44%.
- Tracing NWE's Capital Expenditures over 5 years: stood at $128.8 million in 2022, then rose by 24.0% to $159.7 million in 2023, then declined by 6.88% to $148.7 million in 2024, then grew by 0.8% to $149.9 million in 2025, then grew by 25.86% to $188.7 million in 2026.
- The last three Capital Expenditures figures came in at $188.7 million (Q2 2026), $116.1 million (Q1 2026), and $149.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.21 Bn | 75.39 Bn | - | - |
| 2 | Dominion Energy | 59.14 Bn | 58.35 Bn | 3.50 Bn | 87.00 Mn |
| 3 | Xcel Energy | 48.15 Bn | 46.14 Bn | 3.12 Bn | 2.95 Bn |
| 4 | Wec Energy | 34.92 Bn | 34.87 Bn | 1.45 Bn | 1.26 Bn |
| 5 | Ameren | 29.64 Bn | 29.63 Bn | - | 1.08 Bn |
| 6 | Fortis | 28.30 Bn | 28.30 Bn | 1.60 Bn | 1.16 Bn |
| 7 | Edison International | 27.50 Bn | 27.26 Bn | 3.29 Bn | - |
| 8 | Firstenergy | 26.68 Bn | 26.49 Bn | 2.51 Bn | 1.35 Bn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | NorthWestern Energy | 4.28 Bn | 4.27 Bn | 302.78 Mn | 188.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 188.69 Mn |
| Jun 30, 2026 | 188.69 Mn |
| Mar 31, 2026 | 41.85 Mn |
| Mar 31, 2026 | 41.85 Mn |
| Dec 31, 2025 | 514.28 Mn |
| Dec 31, 2025 | 514.28 Mn |
| Sep 30, 2025 | 1.61 Mn |
| Sep 30, 2025 | 1.61 Mn |
| Jun 30, 2025 | -83.55 Mn |
| Jun 30, 2025 | -83.55 Mn |
| Mar 31, 2025 | 92.12 Mn |
| Mar 31, 2025 | 92.12 Mn |
| Dec 31, 2024 | 523.28 Mn |
| Dec 31, 2024 | 523.28 Mn |
| Sep 30, 2024 | 24.10 Mn |
| Sep 30, 2024 | 24.10 Mn |
| Jun 30, 2024 | -19.26 Mn |
| Jun 30, 2024 | -19.26 Mn |
| Mar 31, 2024 | 21.13 Mn |
| Mar 31, 2024 | 21.13 Mn |