KPIs & Operating Metrics(New)

NorthWestern Energy (NWE) Operating Expenses (2022 - 2025)

NorthWestern Energy's Operating Expenses history spans 4 years, with the latest figure at $354.2 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 25.72% year-over-year to $354.2 million; the TTM value through Dec 2025 reached $1.3 billion, up 7.91%, while the annual FY2025 figure was $1.3 billion, 7.91% up from the prior year.
  • Operating Expenses reached $354.2 million in Q4 2025 per NWE's latest filing, up from $306.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $373.3 million in Q1 2024 to a low of $244.9 million in Q2 2023.
  • Average Operating Expenses over 4 years is $301.8 million, with a median of $284.4 million recorded in 2022.
  • Peak YoY movement for Operating Expenses: dropped 26.08% in 2023, then grew 25.72% in 2025.
  • A 4-year view of Operating Expenses shows it stood at $342.1 million in 2022, then decreased by 26.08% to $252.8 million in 2023, then rose by 11.44% to $281.8 million in 2024, then increased by 25.72% to $354.2 million in 2025.
  • Per Business Quant, the three most recent readings for NWE's Operating Expenses are $354.2 million (Q4 2025), $306.7 million (Q3 2025), and $281.9 million (Q2 2025).