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

NorthWestern Energy (NWE) reported Operating Income of $114.1 million for Q1 2026, down 8.51% on a YoY basis from $124.7 million in Q1 2025, and up 90.11% quarter-over-quarter from $60.0 million in Q4 2025.

NorthWestern Energy (NWE) Operating Income (2022 - 2026) Analysis & Trends

NorthWestern Energy has reported Operating Income for 5 years, with the latest figure at $114.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Income fell 8.51% year-over-year to $114.1 million; the trailing twelve-month figure through Mar 2026 stood at $315.2 million (down 8.89% YoY), and the FY2025 full-year result was $325.8 million, up 0.77% from the prior year.
  • Operating Income for Q1 2026 stood at $114.1 million, up from $60.0 million in the prior quarter.
  • The five-year high for Operating Income was $124.7 million in Q1 2025, with the low at $45.6 million in Q2 2023.
  • Historically, Operating Income has averaged $79.7 million across 5 years, with a median of $80.3 million in 2025.
  • Annual changes were most pronounced in 2024 — Operating Income soared 35.05% — and 2025, when it slumped 34.54%.
  • NorthWestern Energy's Operating Income stood at $83.2 million in 2022, then increased by 23.95% to $103.2 million in 2023, then decreased by 11.12% to $91.7 million in 2024, then tumbled by 34.54% to $60.0 million in 2025, then jumped by 90.11% to $114.1 million in 2026.
  • The last three Operating Income figures came in at $114.1 million (Q1 2026), $60.0 million (Q4 2025), and $80.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Fortis 673.29 Bn 673.03 Bn 1.70 Bn 696.39 Mn
2 Dominion Energy 59.55 Bn 63.75 Bn 4.03 Bn 1.39 Bn
3 Xcel Energy 49.45 Bn 47.55 Bn 3.35 Bn 754.00 Mn
4 Wec Energy 36.90 Bn 37.26 Bn 2.83 Bn 980.00 Mn
5 Ameren 30.13 Bn 30.24 Bn 1.69 Bn 532.00 Mn
6 Korea Electric Power 28.22 Bn 13.45 Bn 11.57 Bn 1.37 Bn
7 Edison International 28.04 Bn 27.88 Bn 3.85 Bn 2.75 Bn
8 Firstenergy 27.16 Bn 28.53 Bn 2.74 Bn 828.00 Mn
9 Cms Energy 22.52 Bn 22.93 Bn 2.28 Bn 490.00 Mn
10 NorthWestern Energy 4.35 Bn 4.35 Bn 423.03 Mn 114.11 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 114.11 Mn
Dec 31, 2025 60.02 Mn
Sep 30, 2025 80.28 Mn
Jun 30, 2025 60.79 Mn
Mar 31, 2025 124.73 Mn
Dec 31, 2024 91.70 Mn
Sep 30, 2024 67.93 Mn
Jun 30, 2024 61.61 Mn
Mar 31, 2024 102.08 Mn
Dec 31, 2023 103.16 Mn
Sep 30, 2023 55.63 Mn
Jun 30, 2023 45.62 Mn
Mar 31, 2023 96.04 Mn
Dec 31, 2022 83.23 Mn
Sep 30, 2022 48.29 Mn