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

NorthWestern Energy has reported Cost of Revenue for 5 years, with the latest figure 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.
• The five-year high for Cost of Revenue was $256.3 million in Q4 2023, with the low at -$117.6 million in Q4 2022.
• Historically, Cost of Revenue has averaged $90.1 million across 5 years, with a median of $76.5 million in 2024.
• Annual changes were most pronounced in 2023 — Cost of Revenue surged 318.02% — and 2024, when it plunged 63.04%.
• NorthWestern Energy's Cost of Revenue stood at -$117.6 million in 2022, then surged by 318.02% to $256.3 million in 2023, then sank by 63.04% to $94.7 million in 2024, then jumped by 139.18% to $226.6 million in 2025, then tumbled 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.