NorthWestern Energy (NWE) Dividend Coverage Ratio (2022 - 2026)
NorthWestern Energy's Dividend Coverage Ratio came in at 0.61 for Q2 2026, up 15.7% from 0.53 a year earlier but down 60.6% from the prior quarter.
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Analysis
NorthWestern Energy (NWE) Dividend Coverage Ratio (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NorthWestern Energy reported Dividend Coverage Ratio of 1.05, down 25.4% year-over-year; for FY2025, it was 1.12, down 20.6% from FY2024.
- Going back by year, Dividend Coverage Ratio was 1.41 in FY2024 (+12.1%), 1.26 in FY2023 (-3.6%), 1.31 in FY2022 (-10.1%) and 1.45 in FY2021.
- The five-year range for quarterly Dividend Coverage Ratio is 0.50 (Q2 2023) to 2.13 (Q4 2023).
- Year-over-year, Dividend Coverage Ratio increased in three of the last eight quarters, with an average decline of 4.3%.
- The fastest year-over-year change in Dividend Coverage Ratio over five years came in Q2 2024 (growth of 58.8%), and the weakest in Q4 2025 (a decline of 45.5%).
- Business Quant data shows NWE's Dividend Coverage Ratio at 1.55 (Q1 2026), 1.11 (Q4 2025) and 0.95 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 293.96 Bn | 293.96 Bn | 890.00 Mn | - |
| 2 | National Grid | 78.23 Bn | 59.76 Bn | - | - |
| 3 | Dominion Energy | 53.03 Bn | 55.71 Bn | - | 0.58 |
| 4 | Xcel Energy | 43.33 Bn | 38.23 Bn | - | - |
| 5 | Wec Energy | 33.06 Bn | 33.29 Bn | 1.51 Bn | 0.96 |
| 6 | Ameren | 27.51 Bn | 27.60 Bn | - | 1.52 |
| 7 | Fortis | 26.94 Bn | 27.43 Bn | 1.60 Bn | 1.87 |
| 8 | Atmos Energy | 26.53 Bn | 25.30 Bn | 870.85 Mn | 1.46 |
| 9 | American Water Works Company | 25.62 Bn | 25.03 Bn | - | 1.81 |
| 10 | NorthWestern Energy | 4.19 Bn | 4.16 Bn | 302.78 Mn | 0.61 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.61 |
| Mar 31, 2026 | 1.55 |
| Dec 31, 2025 | 1.11 |
| Sep 30, 2025 | 0.95 |
| Jun 30, 2025 | 0.53 |
| Mar 31, 2025 | 1.91 |
| Dec 31, 2024 | 2.03 |
| Sep 30, 2024 | 1.18 |
| Jun 30, 2024 | 0.80 |
| Mar 31, 2024 | 1.64 |
| Dec 31, 2023 | 2.13 |
| Sep 30, 2023 | 0.75 |
| Jun 30, 2023 | 0.50 |
| Mar 31, 2023 | 1.64 |
| Dec 31, 2022 | 1.80 |
API Access
NorthWestern Energy Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "NWE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();