NorthWestern Energy (NWE) Equity Ratio (2021 - 2026)

NorthWestern Energy has reported Equity Ratio for 6 years, with the latest figure at 0.34 in Q1 2026.

• For the quarter ending Q1 2026, Equity Ratio fell 5.2% year-over-year to 0.34; the trailing twelve-month figure through Mar 2026 stood at 0.34 (down 5.2% YoY), and the FY2025 full-year result was 0.34, down 4.54% from the prior year.
• Equity Ratio for Q1 2026 stood at 0.34, down from 0.34 in the prior quarter.
• The five-year high for Equity Ratio was 0.37 in Q1 2023, with the low at 0.34 in Q1 2026.
• Historically, Equity Ratio has averaged 0.36 across 5 years, with a median of 0.36 in 2024.
• Annual changes were most pronounced in 2022 — Equity Ratio rose 5.55% — and 2026, when it retreated 5.2%.
• NorthWestern Energy's Equity Ratio stood at 0.36 in 2022, then advanced by 0.62% to 0.37 in 2023, then declined by 2.49% to 0.36 in 2024, then dropped by 4.54% to 0.34 in 2025, then fell by 0.64% to 0.34 in 2026.
• The last three Equity Ratio figures came in at 0.34 (Q1 2026), 0.34 (Q4 2025), and 0.35 (Q3 2025), per Business Quant data.