NorthWestern Energy (NWE) Operating Expenses (2022 - 2026)

NorthWestern Energy's Operating Expenses history runs 5 years deep, the most recent figure standing at $383.5 million for Q1 2026.

• Quarterly Operating Expenses rose 12.15% year-over-year to $383.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 14.41% YoY) and the FY2025 annual result came in at $1.3 billion, up 7.91% from the prior year.
• Operating Expenses was $383.5 million for Q1 2026 at NorthWestern Energy, up from $354.2 million in the prior quarter.
• Across five years, Operating Expenses topped out at $383.5 million in Q1 2026 and bottomed at $244.9 million in Q2 2023.
• A 5-year average of $307.3 million and a median of $286.8 million in 2022 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses slipped 26.08% — and 2025, when it rose 25.72%.
• NorthWestern Energy's Operating Expenses stood at $342.1 million in 2022, then declined by 26.08% to $252.8 million in 2023, then rose by 11.44% to $281.8 million in 2024, then advanced by 25.72% to $354.2 million in 2025, then advanced by 8.25% to $383.5 million in 2026.
• Business Quant data shows NWE's Operating Expenses at $383.5 million in Q1 2026, $354.2 million in Q4 2025, and $306.7 million in Q3 2025.