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

NorthWestern Energy (NWE) has disclosed Operating Expenses for 4 consecutive years, with $354.2 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 25.72% year-over-year to $354.2 million, compared with a TTM value of $1.3 billion through Dec 2025, up 7.91%, and an annual FY2025 reading of $1.3 billion, up 7.91% over the prior year.
  • Operating Expenses was $354.2 million for Q4 2025 at NorthWestern Energy, up from $306.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $373.3 million in Q1 2024 and bottomed at $244.9 million in Q2 2023.
  • Average Operating Expenses over 4 years is $298.8 million, with a median of $281.9 million recorded in 2025.
  • Peak annual rise in Operating Expenses hit 25.72% in 2025, while the deepest fall reached 8.4% in 2025.
  • Year by year, Operating Expenses stood at $286.8 million in 2022, then fell by 11.83% 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.
  • Business Quant data shows Operating Expenses for NWE at $354.2 million in Q4 2025, $306.7 million in Q3 2025, and $281.9 million in Q2 2025.