NorthWestern Energy (NWE) Debt to Equity (2022 - 2026)
NorthWestern Energy posted quarterly Debt to Equity of $1.13 for Q1 2026, up 4.4% year-on-year from $1.08 in Q1 2025, and down 2.24% on a QoQ basis from $1.15 in Q4 2025.
NorthWestern Energy (NWE) has 5 years of Debt to Equity data on file, last reported at $1.13 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 4.4% year-over-year to $1.13; the trailing twelve-month figure through Mar 2026 stood at $1.13 (up 4.4% YoY), and the FY2025 full-year result was $1.15, up 10.13% from the prior year.
- Debt to Equity for Q1 2026 stood at $1.13, down from $1.15 in the prior quarter.
- Across five years, Debt to Equity topped out at $1.15 in Q4 2025 and bottomed at $0.93 in Q3 2023.
- The 5-year median for Debt to Equity is $1.03 (2024), against an average of $1.04.
- The widest annual swing landed in 2023, when Debt to Equity increased 1.74%; it then advanced 10.13% in 2025.
- A 5-year view of Debt to Equity shows it stood at $0.98 in 2022, then grew by 1.74% to $1.0 in 2023, then climbed by 4.84% to $1.05 in 2024, then climbed by 10.13% to $1.15 in 2025, then decreased by 2.24% to $1.13 in 2026.
- The last three Debt to Equity figures came in at $1.13 (Q1 2026), $1.15 (Q4 2025), and $1.09 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 645.09 Bn | 644.83 Bn | 1.70 Bn | - |
| 2 | Enel Chile | 264.22 Bn | 263.80 Bn | 1.12 Bn | - |
| 3 | Dominion Energy | 56.77 Bn | 60.97 Bn | 4.03 Bn | 1.44 |
| 4 | Xcel Energy | 47.77 Bn | 45.88 Bn | 3.35 Bn | 1.51 |
| 5 | Wec Energy | 35.40 Bn | 35.76 Bn | 2.83 Bn | 1.52 |
| 6 | Ameren | 29.12 Bn | 29.24 Bn | 1.69 Bn | 1.49 |
| 7 | Korea Electric Power | 28.73 Bn | 13.96 Bn | - | 2.63 |
| 8 | Energy Co Of Parana | 27.30 Bn | 26.65 Bn | - | 0.04 |
| 9 | Edison International | 26.69 Bn | 26.53 Bn | 3.85 Bn | 1.97 |
| 10 | NorthWestern Energy | 4.20 Bn | 4.19 Bn | 423.03 Mn | 1.13 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.13 |
| Dec 31, 2025 | 1.15 |
| Sep 30, 2025 | 1.09 |
| Jun 30, 2025 | 1.07 |
| Mar 31, 2025 | 1.08 |
| Dec 31, 2024 | 1.05 |
| Sep 30, 2024 | 1.02 |
| Jun 30, 2024 | 1.00 |
| Mar 31, 2024 | 0.98 |
| Dec 31, 2023 | 1.00 |
| Sep 30, 2023 | 0.93 |
| Dec 31, 2022 | 0.98 |