NorthWestern Energy (NWE) Debt to Equity (2022 - 2026)
NorthWestern Energy (NWE) reported Debt to Equity of $1.13 for Q1 2026, up 4.4% on a YoY basis from $1.08 in Q1 2025, and down 2.24% quarter-over-quarter from $1.15 in Q4 2025.
NorthWestern Energy (NWE) Debt to Equity (2022 - 2026) Analysis & Trends
NorthWestern Energy has reported Debt to Equity for 5 years, with the latest figure 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.
- The five-year high for Debt to Equity was $1.15 in Q4 2025, with the low at $0.93 in Q3 2023.
- Historically, Debt to Equity has averaged $1.04 across 5 years, with a median of $1.03 in 2024.
- Annual changes were most pronounced in 2023 — Debt to Equity increased 1.74% — and 2025, when it advanced 10.13%.
- NorthWestern Energy's Debt to Equity stood at $0.98 in 2022, then climbed by 1.74% to $1.0 in 2023, then advanced by 4.84% to $1.05 in 2024, then advanced by 10.13% to $1.15 in 2025, then retreated 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 673.29 Bn | 673.03 Bn | 1.70 Bn | - |
| 2 | Dominion Energy | 59.55 Bn | 63.75 Bn | 4.03 Bn | 1.44 |
| 3 | Xcel Energy | 49.45 Bn | 47.55 Bn | 3.35 Bn | 1.51 |
| 4 | Wec Energy | 36.90 Bn | 37.26 Bn | 2.83 Bn | 1.52 |
| 5 | Ameren | 30.13 Bn | 30.24 Bn | 1.69 Bn | 1.49 |
| 6 | Korea Electric Power | 28.22 Bn | 13.45 Bn | 11.57 Bn | 2.63 |
| 7 | Edison International | 28.04 Bn | 27.88 Bn | 3.85 Bn | 1.97 |
| 8 | Firstenergy | 27.16 Bn | 28.53 Bn | 2.74 Bn | 1.90 |
| 9 | Cms Energy | 22.52 Bn | 22.93 Bn | 2.28 Bn | 1.99 |
| 10 | NorthWestern Energy | 4.35 Bn | 4.35 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 |