NorthWestern Energy Group (NWE) Q4 FY2022 earnings: revenue $425 million

NorthWestern Energy Group, Inc. (NWE) reported revenue of $425 million for Q4 FY2022, the quarter ended 31 December 2022. Net income was $67 million, and diluted earnings per share $1.16. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.

Revenue

$425 million

+26.9% on the quarter

Q3 FY2022Q4 FY2022

Operating margin

19.6%

Q3 FY2022Q4 FY2022

Net income

$67 million

+143.9% on the quarter

Q3 FY2022Q4 FY2022

Diluted EPS

$1.16

+146.8% on the quarter

Q3 FY2022Q4 FY2022

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ million	Q4 FY2022	Q3 FY2022	A year earlier	On the quarter
Revenue	425	335	n/a	+26.9%
Operating income	83.2	48.3	n/a	+72.3%
Operating margin	19.6%	14.4%	n/a
Pre-tax income	n/a	27.1	n/a
Income tax	n/a	-0.2	n/a
Effective tax rate	n/a	-0.9%	n/a
Net income	66.7	27.4	n/a	+143.9%
Net margin	15.7%	8.2%	n/a
Diluted EPS	$1.16	$0.47	n/a	+146.8%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2022	Q3 FY2022	A year earlier	On the quarter
Depreciation and amortisation	n/a	48.6	n/a
Dividend per share	n/a	$0.63	n/a
Diluted shares, weighted	58m	57m	n/a	+3.0%
Shares outstanding at period end	60m	61m	n/a	-2.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2022	Q3 FY2022	A year earlier	On the quarter
Shareholders' equity	2,665	2,537	n/a	+5.0%
Short-term borrowings	145	n/a	n/a
Debt	2,619	n/a	n/a
Finance lease liabilities	8.8	n/a	n/a
Other liabilities	1,880	n/a	n/a
Total liabilities and equity	7,318	n/a	n/a
Fixed assets	5,657	n/a	n/a
Goodwill	358	n/a	n/a
Cash and equivalents	8.5	9.1	n/a	-6.4%
Receivables	245	n/a	n/a
Inventory	107	n/a	n/a
Other assets	942	7,105	n/a	-86.7%
Total assets	7,318	7,114	n/a	+2.9%

Questions

What was NorthWestern Energy Group's revenue in Q4 FY2022?

NorthWestern Energy Group (NWE) reported revenue of $425 million for Q4 FY2022, the quarter ended 31 December 2022.

How much did NorthWestern Energy Group earn in Q4 FY2022?

Net income for Q4 FY2022 was $67 million, and diluted earnings per share $1.16.

When did NorthWestern Energy Group report Q4 FY2022 results?

NorthWestern Energy Group filed its 10-K for the quarter ended 31 December 2022 with the SEC on 15 February 2024.

Quarterly results, the last 17 quarters

	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	335	425	455	291	321	356	475	320	345	373	467	343	387	414	498	393	424
Operating income	48.3	83.2	96.0	45.6	55.6	103	102	61.6	67.9	91.7	125	60.8	80.3	60.0	114	64.2	74.6
Operating margin	14%	20%	21%	16%	17%	29%	21%	19%	20%	25%	27%	18%	21%	14%	23%	16%	18%
Pre-tax income	27.1	n/a	72.8	21.3	31.0	76.6	75.4	35.9	43.7	59.7	92.1	24.6	47.0	23.8	77.3	28.5	35.4
Tax rate	-1%	n/a	14%	10%	5%	-9%	14%	12%	-7%	-35%	17%	14%	19%	-88%	18%	12%	13%
Net income	27.4	66.7	62.5	19.1	29.3	83.1	65.1	31.7	46.8	80.6	76.9	21.2	38.2	44.7	63.5	25.0	30.7
Net margin	8%	16%	14%	7%	9%	23%	14%	10%	14%	22%	16%	6%	10%	11%	13%	6%	7%
Diluted EPS	$0.47	$1.16	$1.05	$0.32	$0.48	$1.37	$1.06	$0.52	$0.76	$1.31	$1.25	$0.35	$0.62	$0.72	$1.03	$0.40	$0.50
Operating cash flow	n/a	n/a	214	80.4	133	62.3	162	62.3	120	62.8	153	58.2	127	56.2	159	73.8	131
Capital expenditure	n/a	n/a	137	127	144	160	109	139	153	149	92.1	129	154	150	116	189	159
Free cash flow	n/a	n/a	77.1	-46.4	-11.0	-97.4	52.9	-76.3	-33.2	-85.9	61.3	-70.6	-26.9	-93.7	43.3	-115	-28.4
Dividends paid	n/a	n/a	38.0	38.0	39.0	39.0	39.6	39.6	39.6	39.7	40.3	40.3	40.4	40.4	41.0	41.1	41.1
Shares outstanding	61m	60m	61m	61m	61m	61m	61m	61m	61m	61m	61m	61m	61m	61m	62m	62m	62m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2022, filed 15 February 2024: the filing.