NorthWestern Energy (NWE) Debt Ratio (2022 - 2026)
NorthWestern Energy's (NWE) quarterly Debt Ratio came in at 0.41 in Q2 2026, up 5.8% YoY from 0.38 in Q2 2025, and up 4.97% on a QoQ basis from 0.39 in Q1 2026.
NorthWestern Energy (NWE) Debt Ratio (2022 - 2026) Analysis & Trends
NorthWestern Energy (NWE) has 5 years of Debt Ratio data on file, last reported at 0.41 in Q2 2026.
- Quarterly Debt Ratio rose 5.8% year-over-year to 0.41 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.41 (up 5.8% YoY) and the FY2025 annual result came in at 0.39, down 4.44% from the prior year.
- Debt Ratio improved to 0.41 in Q2 2026, from 0.39 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.41 in Q4 2024 to a low of 0.34 in Q3 2023.
- A 5-year average of 0.38 and a median of 0.38 in 2025 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2024 — Debt Ratio increased 8.57% — and 2025, when it fell 4.44%.
- Tracing NWE's Debt Ratio over 5 years: stood at 0.38 in 2022, then grew by 0.5% to 0.38 in 2023, then advanced by 8.57% to 0.41 in 2024, then declined by 4.44% to 0.39 in 2025, then advanced by 3.36% to 0.41 in 2026.
- The last three Debt Ratio figures came in at 0.41 (Q2 2026), 0.39 (Q1 2026), and 0.39 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.14 Bn | 75.33 Bn | - | - |
| 2 | Dominion Energy | 58.87 Bn | 58.09 Bn | 3.50 Bn | 0.42 |
| 3 | Xcel Energy | 48.01 Bn | 46.00 Bn | 3.12 Bn | 0.45 |
| 4 | Wec Energy | 34.87 Bn | 34.82 Bn | 1.45 Bn | 0.40 |
| 5 | Ameren | 29.61 Bn | 29.60 Bn | - | 0.40 |
| 6 | Fortis | 28.17 Bn | 28.17 Bn | 1.60 Bn | 0.46 |
| 7 | Edison International | 27.63 Bn | 27.39 Bn | 3.29 Bn | 0.46 |
| 8 | Firstenergy | 26.70 Bn | 26.51 Bn | 2.51 Bn | 0.49 |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | 0.49 |
| 10 | NorthWestern Energy | 4.28 Bn | 4.28 Bn | 302.78 Mn | 0.41 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.39 |
| Dec 31, 2025 | 0.39 |
| Sep 30, 2025 | 0.38 |
| Jun 30, 2025 | 0.38 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.37 |
| Jun 30, 2024 | 0.35 |
| Mar 31, 2024 | 0.36 |
| Dec 31, 2023 | 0.37 |
| Sep 30, 2023 | 0.34 |
| Dec 31, 2022 | 0.38 |