NASDAQ$NWE

NorthWestern Corporation · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

NorthWestern Energy Group reported net income of $21.2 million for the second quarter ended June 30, 2025.

NorthWestern Energy Group, Inc. delivered total revenues of $342.7 million in Q2 2025, with electric revenues at $279.5 million and natural gas at $63.2 million. The company achieved operating income of $60.8 million and net income of $21.2 million, resulting in basic EPS of $0.35. Results reflect higher rates and transmission revenues offset by lower volumes due to weather and increased operating costs.

  • Q2 2025 total revenues reached $342.7 million, up from $319.9 million in Q2 2024, driven by interim rate increases and transmission growth.
  • Net income declined to $21.2 million from $31.7 million year-over-year due to higher depreciation, interest, and operating expenses.
  • Electric segment contributed $219.9 million in utility margin while natural gas added $47.6 million for the quarter.
  • Total assets stood at $8.14 billion as of June 30, 2025, with cash and cash equivalents at $2.9 million.

Headline financials

Total Revenue

$343M

Previous: $320M+7.1%
EPS (adj)

$0.35

Previous: $0.52-32.7%
Capital Expenditures

-$221M

Previous: -$247M+10.7%
Net Income

$21.2M

Previous: $31.7M-32.9%
Operating Income

$60.8M

Previous: $61.6M-1.3%
Cash & Equivalents

$2.94M

Previous: $6.4M-54.1%
Total Assets

$8.14B

Previous: $7.71B+5.5%

Revenue & EPS history

NorthWestern · Revenue · Quarterly

$343M

Q2 2025+7.1%vs Q2 2024
Beat estimate in 0 of 3 quarters(0%)
ActualEstimate

Revenue by segment

NorthWestern · $343M total across 2 segments · Q2 2025

  • Electric
    $279M
  • Natural Gas
    $63.2M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

+0.2%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+1.7%

Avg return

30 days after

75%

6 / 8 earnings

Positive

+1.6%

Q3 2024

Best reaction

-2.5%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+0.2%-1.7%-2.4%
Q4 2025+1.3%-0.5%-0.5%
Q3 2025-2.5%-2.1%+12.6%
Q1 2025+1.2%-1.0%-6.4%
Q3 2024+1.6%-3.1%+0.4%
Q2 2024+1.2%+2.0%+1.5%
Q1 2024-1.4%-0.3%+0.8%
Q3 2023+0.3%+1.1%+7.7%

Discussion

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