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NorthWestern Energy Group, Inc. (NWE) Fundamental Analysis & AI Grade 2026

NWE Nasdaq Electric & Other Services Combined DE CIK: 0001993004
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
66% Confidence
STRONG AGREEMENT
B
68% Conf
B
65% Conf

📊 NWE Key Takeaways

Revenue: $497.6M
Net Margin: 12.8%
Free Cash Flow: $43.3M
Current Ratio: 0.70x
Debt/Equity: 1.09x
EPS: $1.03
AI Grade: B with 68% confidence
NorthWestern Energy Group, Inc. (NWE) receives a B fundamental grade with 66% confidence from our AI analysis based on SEC 10-K filings. With revenue of $497.6M, net profit margin of 12.8%, and return on equity (ROE) of 2.2%, NorthWestern Energy Group, Inc. demonstrates mixed fundamentals in the Utilities sector. Below is our complete NWE stock analysis for 2026.

Is NorthWestern Energy Group, Inc. (NWE) a Good Investment?

Claude

NorthWestern Energy demonstrates solid operational performance with 6.4% YoY revenue growth and a 22.9% operating margin, supported by strong operating cash flow of $159.4M. However, a sharp 19.2% YoY decline in net income despite revenue growth—combined with severe liquidity constraints (current ratio 0.70x, minimal $5.9M cash position)—raises material concerns about cost structure, capital efficiency, and financial stability that require immediate clarification.

ChatGPT

Revenue grew steadily and operating margin remains solid, but earnings fell sharply and free cash flow is negative due to elevated capex, pressuring near-term returns. Liquidity is tight with minimal cash and sub-1x current ratio, while leverage is moderate, increasing sensitivity to funding and rate environments. Neutral until cash generation improves and earnings stabilize via timely regulatory recovery.

NorthWestern Energy Group, Inc. Key Strengths (NWE)

Claude
  • + Solid revenue growth of 6.4% YoY indicates stable utility operations and customer demand
  • + Operating margin of 22.9% reflects reasonable operational efficiency for regulated utility sector
  • + Strong operating cash flow of $159.4M with 8.7% FCF margin provides debt service and capex capacity
ChatGPT
  • + Stable regulated revenue with 6.4% YoY growth
  • + Healthy operating margin (~20%) and solid operating cash flow
  • + Significant asset base supporting long-term rate recovery

NWE Stock Risks: NorthWestern Energy Group, Inc. Investment Risks

Claude
  • ! Net income declined 19.2% YoY despite revenue growth—indicates margin compression, elevated financing costs, or one-time charges requiring investigation
  • ! Critical liquidity concerns: current ratio 0.70x and quick ratio 0.52x well below healthy thresholds; extremely low cash balance of $5.9M relative to $5.7B liabilities
  • ! Poor capital efficiency with ROE of 2.2% and ROA of 0.7% suggests capital is not generating adequate returns for shareholders
ChatGPT
  • ! Negative free cash flow driven by high capex
  • ! Weak liquidity (current 0.72x, very low cash)
  • ! Earnings compression and interest-rate sensitivity with moderate leverage

Key Metrics to Watch

Claude
  • * Net income trajectory and granular breakdown of YoY decline drivers (cost structure, interest expense, non-operating charges)
  • * Working capital management and cash position recovery—critical given current/quick ratio weakness
  • * Interest coverage ratio and debt service sustainability under current capital structure
ChatGPT
  • * Free cash flow and FCF margin
  • * Interest coverage and regulatory recovery progress

NorthWestern Energy Group, Inc. (NWE) Financial Metrics & Key Ratios

Revenue
$497.6M
Net Income
$63.5M
EPS (Diluted)
$1.03
Free Cash Flow
$43.3M
Total Assets
$8.6B
Cash Position
$5.9M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

NWE Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 22.9%
Net Margin 12.8%
ROE 2.2%
ROA 0.7%
FCF Margin 8.7%

NWE vs Utilities Sector: How NorthWestern Energy Group, Inc. Compares

How NorthWestern Energy Group, Inc. compares to Utilities sector averages

Net Margin
NWE 12.8%
vs
Sector Avg 12.0%
NWE Sector
ROE
NWE 2.2%
vs
Sector Avg 10.0%
NWE Sector
Current Ratio
NWE 0.7x
vs
Sector Avg 0.8x
NWE Sector
Debt/Equity
NWE 1.1x
vs
Sector Avg 1.4x
NWE Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is NorthWestern Energy Group, Inc. Stock Overvalued? NWE Valuation Analysis 2026

Based on fundamental analysis, NorthWestern Energy Group, Inc. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
2.2%
Sector avg: 10%
Net Profit Margin
12.8%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.09x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

NorthWestern Energy Group, Inc. Balance Sheet: NWE Debt, Cash & Liquidity

Current Ratio
0.70x
Quick Ratio
0.52x
Debt/Equity
1.09x
Debt/Assets
66.1%
Interest Coverage
N/A
Long-term Debt
$3.2B

NWE Revenue & Earnings Growth: 5-Year Financial Trend

NWE 5-year financial data: Year 2023: Revenue $1.6B, Net Income $186.8M, EPS $3.60.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: NorthWestern Energy Group, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $3.22 reflects profitable operations.

NWE Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
8.7%
Free cash flow / Revenue

NWE Quarterly Earnings & Performance

Quarterly financial performance data for NorthWestern Energy Group, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2024 $332.3M $29.3M $0.48
Q2 2024 $327.6M $19.1M $0.32
Q1 2024 $432.8M $62.5M $1.05
Q3 2023 $307.3M $27.4M $0.47

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

NorthWestern Energy Group, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$159.4M
Cash generated from operations
Capital Expenditures
$116.1M
Investment in assets
Dividends Paid
$41.0M
Returned to shareholders

NWE SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for NorthWestern Energy Group, Inc. (CIK: 0001993004)

📋 Recent SEC Filings

Date Form Document Action
May 27, 2026 8-K nwe-20260527.htm View →
May 18, 2026 8-K nwe-20260518.htm View →
May 12, 2026 4 xslF345X06/wk-form4_1778595368.xml View →
May 12, 2026 4 xslF345X06/wk-form4_1778595169.xml View →
May 5, 2026 8-K nwe-20260430.htm View →

Frequently Asked Questions about NWE

What is the AI rating for NWE?

NorthWestern Energy Group, Inc. (NWE) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 66% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are NWE's key strengths?

Claude: Solid revenue growth of 6.4% YoY indicates stable utility operations and customer demand. Operating margin of 22.9% reflects reasonable operational efficiency for regulated utility sector. ChatGPT: Stable regulated revenue with 6.4% YoY growth. Healthy operating margin (~20%) and solid operating cash flow.

What are the risks of investing in NWE?

Claude: Net income declined 19.2% YoY despite revenue growth—indicates margin compression, elevated financing costs, or one-time charges requiring investigation. Critical liquidity concerns: current ratio 0.70x and quick ratio 0.52x well below healthy thresholds; extremely low cash balance of $5.9M relative to $5.7B liabilities. ChatGPT: Negative free cash flow driven by high capex. Weak liquidity (current 0.72x, very low cash).

What is NWE's revenue and growth?

NorthWestern Energy Group, Inc. reported revenue of $497.6M.

Does NWE pay dividends?

NorthWestern Energy Group, Inc. pays dividends, with $41.0M distributed to shareholders in the trailing twelve months.

Where can I find NWE SEC filings?

Official SEC filings for NorthWestern Energy Group, Inc. (CIK: 0001993004) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is NWE's EPS?

NorthWestern Energy Group, Inc. has a diluted EPS of $1.03.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is NWE's fundamental grade?

Based on our AI fundamental analysis in May 2026, NorthWestern Energy Group, Inc. has a B grade with 66% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is NWE stock overvalued or undervalued?

Valuation metrics for NWE: ROE of 2.2% (sector avg: 10%), net margin of 12.8% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is NWE's AI grade for 2026?

Our dual AI analysis gives NorthWestern Energy Group, Inc. a combined B grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is NWE's free cash flow?

NorthWestern Energy Group, Inc.'s operating cash flow is $159.4M, with capital expenditures of $116.1M. FCF margin is 8.7%.

How does NWE compare to other Utilities stocks?

Vs Utilities sector averages: Net margin 12.8% (avg: 12%), ROE 2.2% (avg: 10%), current ratio 0.70 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI