NorthWestern Energy (NWE) Cost of Revenue (2022 - 2026)

NorthWestern Energy (NWE) has 5 years of Cost of Revenue data on file, last reported at $74.5 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 46.06% year-over-year to $74.5 million; the trailing twelve-month figure through Mar 2026 stood at $440.5 million (up 10.88% YoY), and the FY2025 full-year result was $409.8 million, down 5.55% from the prior year.
• Cost of Revenue for Q1 2026 stood at $74.5 million, down from $226.6 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $256.3 million in Q4 2023 and bottomed at -$117.6 million in Q4 2022.
• The 5-year median for Cost of Revenue is $76.5 million (2024), against an average of $90.1 million.
• The widest annual swing landed in 2023, when Cost of Revenue surged 318.02%; it then slumped 63.04% in 2024.
• A 5-year view of Cost of Revenue shows it stood at -$117.6 million in 2022, then soared by 318.02% to $256.3 million in 2023, then plunged by 63.04% to $94.7 million in 2024, then surged by 139.18% to $226.6 million in 2025, then slumped by 67.1% to $74.5 million in 2026.
• The last three Cost of Revenue figures came in at $74.5 million (Q1 2026), $226.6 million (Q4 2025), and $64.1 million (Q3 2025), per Business Quant data.

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