NorthWestern Energy Group (NWE) Q3 FY2026 earnings: revenue $424 million, up 9.5% on the year
NorthWestern Energy Group, Inc. (NWE) reported revenue of $424 million for Q3 FY2026, the quarter ended 30 September 2026, up 9.5% on the same quarter a year earlier. Net income was $31 million, down 19.6% on the year, and diluted earnings per share $0.50. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$424 million
+9.5% on the year · +7.9% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
17.6%
20.7% a year earlier
Q4 FY2024Q3 FY2026
Net income
$31 million
-19.6% on the year · +23.0% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.50
-19.4% on the year · +25.0% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
Diluted EPS fell to $0.50: Diluted GAAP EPS was $0.50 against $0.62 a year earlier; adjusted non-GAAP diluted EPS was $0.58 against $0.79. Net income was $30.7 million versus $38.2 million.
Colstrip interests drove the decline: Management attributed the lower result mainly to a $6.1 million net loss on the added Colstrip Units 3 and 4 interests, plus higher depreciation and interest expense.
Utility margin rose 5.5 percent: Electric utility margin rose $14.8 million to $277.4 million and natural gas rose $1.7 million to $39.1 million, giving total utility margin of $316.5 million.
$ million except per share. Read moreFree 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
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
131
73.8
127
+77.3%
+3.3%
Capital expenditure
159
189
154
-15.6%
+3.7%
Free cash flow
-28.4
-115
-26.9
Free cash flow margin
-6.7%
-29.3%
-6.9%
Cash from investing
-161
-190
-192
Cash from financing
30.9
113
69.1
-72.8%
-55.3%
Depreciation and amortisation
67.0
67.0
62.8
+0.1%
+6.7%
Share-based compensation
2.0
2.0
1.9
-0.4%
+8.0%
Dividends paid
41.1
41.1
40.4
+0.0%
+1.8%
Dividend per share
$0.67
$0.67
$0.66
0.0%
+1.5%
Diluted shares, weighted
62m
62m
62m
+0.0%
+0.4%
Shares outstanding at period end
62m
62m
61m
+0.0%
+0.2%
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
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
2,887
2,895
2,880
-0.3%
+0.3%
Debt
3,660
3,587
3,299
+2.0%
+10.9%
Finance lease liabilities
7.3
7.7
0.0
-5.8%
Other liabilities
2,273
2,213
2,120
+2.7%
+7.2%
Total liabilities and equity
8,827
8,704
8,299
+1.4%
+6.4%
Fixed assets
6,996
6,902
6,662
+1.4%
+5.0%
Goodwill
368
368
368
0.0%
-0.1%
Cash and equivalents
6.5
4.2
6.2
+56.5%
+5.5%
Receivables
183
169
159
+8.4%
+15.1%
Inventory
153
146
135
+5.0%
+13.5%
Other assets
1,120
1,115
969
+0.5%
+15.6%
Total assets
8,827
8,704
8,299
+1.4%
+6.4%
Questions
What was NorthWestern Energy Group's revenue in Q3 FY2026?
NorthWestern Energy Group (NWE) reported revenue of $424 million for Q3 FY2026, the quarter ended 30 September 2026, up 9.5% on the same quarter a year earlier.
How much did NorthWestern Energy Group earn in Q3 FY2026?
Net income for Q3 FY2026 was $31 million, down 19.6% on the year, and diluted earnings per share $0.50.
When did NorthWestern Energy Group report Q3 FY2026 results?
NorthWestern Energy Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read moreMoney 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-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.