A lender, a mortgage insurer, a Pennsylvania bank, and a Montana utility all pay dividends that earnings cover. But one of them just cut its payout, and its price tag tells you how nervous investors have become.

NorthWestern Energy's investment thesis centers on its expanding rate base, which grew 13% from $6.1B to $6.9B in PPE over ten quarters, driving revenue growth of 14.6% in 2026Q2.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $0.58-20.9% vs $0.73 | $424M+2.8% vs $412M |
Q3 2026 Jul 29, 2026 | $0.50+18.2% vs $0.42 | $393M+4.1% vs $377M |
Q2 2026 Apr 29, 2026 | $1.31+1.6% vs $1.29 | $498M-0.9% vs $502M |
Q1 2026 Feb 11, 2026 | $1.17-1.7% vs $1.19 | $414M+0.0% vs $414M |
A lender, a mortgage insurer, a Pennsylvania bank, and a Montana utility all pay dividends that earnings cover. But one of them just cut its payout, and its price tag tells you how nervous investors have become.

NorthWestern NASDAQ: NWE reported lower third-quarter earnings and reaffirmed its 2026 profit guidance, while warning that weak power prices and costs associated with its expanded ownership of the Colstrip power plant continue to weigh on results.
NorthWestern Energy Group, Inc. ( NWE ) Q3 2026 Earnings Call November 5, 2026 11:00 AM EST Company Participants Travis Meyer - Director of Corporate Finance & Investor Relations Officer Brian Bird - CEO, President & Director Crystal Lail - VP & CFO Conference Call Participants Whitney Mutalemwa - Wells Fargo Securities, LLC, Research Division Nicholas Campanella - Barclays Bank PLC, Research Division Jamieson Ward - Jefferies LLC, Research Division Aidan Kelly - JPMorgan Chase & Co, Research Division Paul Fremont - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to the NorthWestern Energy Third Quarter 2026 Financial Results Webinar.
BUTTE, Mont. & SIOUX FALLS, S.D.--(BUSINESS WIRE)--NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the Third Quarter of 2026. Net income for the period was $30.7 million, or $0.50 per diluted share, as compared with net income of $38.2 million, or $0.62 per diluted share, for the same period in 2025. This decrease was primarily due to $6.1 million of net loss associated with our additional ownership interests in Colstrip Units 3 and 4, depr.
Benchmark NWE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Northwestern Energy Group Inc (NWE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $82.73 | $5.09B | 31.20 | 6.38% | 9.48% | 5.66% | 3.18% | |
| $40.23 | $3.32B | 13.65 | 1.34% | 12.75% | 8.87% | 4.88% | |
| $78.44 | $3.29B | 18.77 | -1.99% | 13.45% | 9.33% | 2.67% | |
| $146.55 | $8.12B | 22.96 | -0.75% | 19.86% | 9.92% | 2.35% | |
| $45.95 | $5.32B | 19.97 | -1.95% | 7.85% | 6.54% | 4.42% | |
| $80.26 | $3.03B | 18.89 | 9.85% | 20.6% | 11.59% | 2.3% |
Northwestern Energy Group Inc (NWE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Northwestern Energy Group Inc (NWE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jun 22, 2026·SEC
Jun 2, 2026·SEC
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Northwestern Energy Group Inc (NWE) stock FAQ — growth, dividends, profitability & financials explained
Northwestern Energy Group Inc (NWE) reported $1.73B in revenue over the trailing twelve months. Revenue was $1.61B in fiscal year 2025. That is 368% more than the $344.0M of fiscal year 1996.
Northwestern Energy Group Inc (NWE) grew revenue by 10.1% over the trailing twelve months, compared with the twelve months before.
Yes. Northwestern Energy Group Inc (NWE) earned $163.9M in net income over the trailing twelve months (a 9.5% net margin).
Yes. Northwestern Energy Group Inc (NWE) pays a dividend that yields 3.18% at the current price, a moderate yield.
Northwestern Energy Group Inc (NWE) had a return on equity (ROE) of 5.7% over the trailing twelve months. That is below the market's typical 10-15%.
Northwestern Energy Group Inc (NWE) had negative free cash flow of $193.7M over the trailing twelve months.
Northwestern Energy Group Inc (NWE) has a dividend payout ratio of 89%. The dividend is reasonably covered.