NorthWestern Energy (NWE) Invested Capital (2022 - 2026)
NorthWestern Energy (NWE) reported Invested Capital of $6.48 billion for Q2 2026, up 6.8% from $6.07 billion a year earlier and up 2.2% from the prior quarter.
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Analysis
NorthWestern Energy (NWE) Invested Capital (2022 - 2026) Analysis & Trends
For FY2025, NorthWestern Energy posted Invested Capital of $6.32 billion, up 6.2% from FY2024.
- Invested Capital has increased for three consecutive years, with a three-year compound annual growth rate of 5.2% (FY2022 to FY2025).
- By year, Invested Capital came in at $5.95 billion in FY2024 (+6.9%), $5.57 billion in FY2023 (+2.6%) and $5.43 billion in FY2022.
- The Q2 2026 figure ranks as the highest quarterly Invested Capital in data going back to Q4 2022.
- Year over year, Invested Capital has now increased in each of the last nine quarters, with growth averaging 6.7% over the last eight quarters.
- Over the past five years, the year-over-year growth in Invested Capital ranged from 2.6% (Q4 2023) to 112.2% (Q2 2024).
- Per Business Quant data, the three quarters before Q2 2026 came in at $6.34 billion (Q1 2026), $6.32 billion (Q4 2025) and $6.18 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | - |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | 46.75 Bn |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | 86.84 Bn |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | 63.51 Bn |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 36.70 Bn |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | 35.62 Bn |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 45.87 Bn |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | 25.07 Bn |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | 25.71 Bn |
| 10 | NorthWestern Energy | 4.21 Bn | 4.18 Bn | 302.78 Mn | 6.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.48 Bn |
| Mar 31, 2026 | 6.34 Bn |
| Dec 31, 2025 | 6.32 Bn |
| Sep 30, 2025 | 6.18 Bn |
| Jun 30, 2025 | 6.07 Bn |
| Mar 31, 2025 | 6.03 Bn |
| Dec 31, 2024 | 5.95 Bn |
| Sep 30, 2024 | 5.78 Bn |
| Jun 30, 2024 | 5.70 Bn |
| Mar 31, 2024 | 5.58 Bn |
| Dec 31, 2023 | 5.57 Bn |
| Sep 30, 2023 | 5.38 Bn |
| Jun 30, 2023 | 2.69 Bn |
| Dec 31, 2022 | 5.43 Bn |
API Access
NorthWestern Energy Invested Capital 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=invested-capital&ticker=NWE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=NWE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();