Northwestern Energy Group (NWE) Revenue & Revenue Breakdown

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Northwestern Energy Group Revenue Highlights

Latest Revenue (Y)

$1.61B

Latest Revenue (Q)

$497.57M

Main Segment (Y)

Electricity, US Regulated

Northwestern Energy Group Revenue by Period

Northwestern Energy Group Revenue by Year

Date	Revenue	Change
2025-12-31	$1.61B	6.38%
2024-12-31	$1.51B	6.45%
2023-12-31	$1.42B	-3.77%
2022-12-31	$1.48B	7.69%
2021-12-31	$1.37B	14.49%
2020-12-31	$1.20B	-4.71%
2019-12-31	$1.26B	5.53%
2018-12-31	$1.19B	-8.70%
2017-12-31	$1.31B	3.85%
2016-12-31	$1.26B	3.54%
2015-12-31	$1.21B	0.78%
2014-12-31	$1.20B	4.36%
2013-12-31	$1.15B	7.86%
2012-12-31	$1.07B	-4.20%
2011-12-31	$1.12B	0.59%
2010-12-31	$1.11B	-2.73%
2009-12-31	$1.14B	-9.43%
2008-12-31	$1.26B	5.06%
2007-12-31	$1.20B	5.95%
2006-12-31	$1.13B	-2.84%
2005-12-31	$1.17B	466.03%
2004-12-31	$205.95M	-79.95%
2003-12-31	$1.03B	-48.41%
2002-12-31	$1.99B	-53.01%
2001-12-31	$4.24B	-40.58%
2000-12-31	$7.13B	137.40%
1999-12-31	$3.00B	153.08%
1998-12-31	$1.19B	29.31%
1997-12-31	$918.00M	166.86%
1996-12-31	$344.00M	67.80%
1995-12-31	$205.00M	30.41%
1994-12-31	$157.20M	2.54%
1993-12-31	$153.30M	-

Northwestern Energy Group generated $1.61B in revenue during NA 2025, up 6.38% compared to the previous quarter, and up 134.36% compared to the same period a year ago.

Northwestern Energy Group Revenue by Quarter

Date	Revenue	Change
2026-03-31	$497.57M	20.11%
2025-12-31	$414.26M	7.06%
2025-09-30	$386.95M	12.91%
2025-06-30	$342.70M	-26.56%
2025-03-31	$466.63M	24.95%
2024-12-31	$373.47M	8.20%
2024-09-30	$345.16M	7.89%
2024-06-30	$319.93M	-32.69%
2024-03-31	$475.30M	33.51%
2023-12-31	$356.01M	10.88%
2023-09-30	$321.09M	10.53%
2023-06-30	$290.50M	-36.09%
2023-03-31	$454.54M	6.88%
2022-12-31	$425.28M	26.92%
2022-09-30	$335.07M	3.73%
2022-06-30	$323.00M	-18.12%
2022-03-31	$394.48M	13.57%
2021-12-31	$347.34M	6.56%
2021-09-30	$325.95M	9.30%
2021-06-30	$298.22M	-25.60%
2021-03-31	$400.80M	27.87%
2020-12-31	$313.44M	11.70%
2020-09-30	$280.61M	4.18%
2020-06-30	$269.36M	-19.66%
2020-03-31	$335.25M	2.17%
2019-12-31	$328.13M	19.39%
2019-09-30	$274.84M	1.52%
2019-06-30	$270.72M	-29.54%
2019-03-31	$384.22M	24.42%
2018-12-31	$308.82M	10.34%
2018-09-30	$279.87M	6.90%
2018-06-30	$261.82M	-23.33%
2018-03-31	$341.50M	-0.88%
2017-12-31	$344.55M	11.17%
2017-09-30	$309.93M	9.19%
2017-06-30	$283.86M	-22.72%
2017-03-31	$367.31M	11.11%
2016-12-31	$330.59M	9.83%
2016-09-30	$301.00M	2.69%
2016-06-30	$293.12M	-11.85%
2016-03-31	$332.54M	2.32%
2015-12-31	$324.99M	19.16%
2015-09-30	$272.74M	0.81%
2015-06-30	$270.56M	-21.81%
2015-03-31	$346.01M	10.57%
2014-12-31	$312.95M	24.23%
2014-09-30	$251.91M	-6.80%
2014-06-30	$270.28M	-26.90%
2014-03-31	$369.72M	15.87%
2013-12-31	$319.09M	21.67%
2013-09-30	$262.25M	0.80%
2013-06-30	$260.16M	-16.89%
2013-03-31	$313.02M	11.49%
2012-12-31	$280.77M	19.04%
2012-09-30	$235.87M	-3.57%
2012-06-30	$244.60M	-20.87%
2012-03-31	$309.10M	9.14%
2011-12-31	$283.21M	16.05%
2011-09-30	$244.04M	-3.08%
2011-06-30	$251.81M	-25.56%
2011-03-31	$338.26M	15.97%
2010-12-31	$291.67M	21.12%
2010-09-30	$240.82M	-1.33%
2010-06-30	$244.06M	-26.97%
2010-03-31	$334.17M	10.50%
2009-12-31	$302.41M	29.85%
2009-09-30	$232.89M	-1.20%
2009-06-30	$235.71M	-36.45%
2009-03-31	$370.90M	13.75%
2008-12-31	$326.07M	19.77%
2008-09-30	$272.24M	-1.54%
2008-06-30	$276.51M	-28.36%
2008-03-31	$385.98M	25.31%
2007-12-31	$308.02M	-

Northwestern Energy Group generated $497.57M in revenue during Q1 2026, up 20.11% compared to the previous quarter, and up 133.23% compared to the same period a year ago.

Northwestern Energy Group Revenue Breakdown

Northwestern Energy Group Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 22	Dec 21	Dec 20
Electricity, US Regulated	$1.27B	$1.20B	$1.11B	$1.05B	$940.82M
Natural Gas, US Regulated	$340.60M	$313.20M	$371.27M	$320.13M	$257.86M

Northwestern Energy Group's latest annual revenue breakdown by segment (product or service), as of Dec 25: Electricity, US Regulated (78.85%), and Natural Gas, US Regulated (21.15%).

Quarterly Revenue by Product

Product/Service	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Total Revenue	$497.57M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electricity, US Regulated	-	$315.25M	$339.75M	$279.47M	$335.48M	$894.22M	$306.48M	$280.03M	$229.27M	$295.31M	$299.15M	$292.27M	$243.42M	$271.73M	$253.20M	$287.47M	$241.44M	$270.07M	-	-
Natural Gas, US Regulated	-	$99.01M	$47.20M	$63.24M	$131.15M	$274.51M	$38.68M	$41.06M	$61.24M	$159.23M	$126.13M	$42.80M	$79.59M	$122.75M	$94.14M	$38.48M	$56.78M	$130.73M	-	-
Product and Service, Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Domestic Regulated	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$234.10M	$244.16M
Gas Domestic Regulated	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$79.40M	$36.45M
Other Segments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Northwestern Energy Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 26: Total Revenue (100.00%).

Northwestern Energy Group Revenue Breakdown by Country

Quarterly Revenue by Country

Country	Jun 18	Mar 18
SOUTH DAKOTA	$5.60M	$11.40M
MONTANA	$17.60M	$40.90M
NEBRASKA	$5.00M	$11.40M

Northwestern Energy Group's latest quarterly revenue breakdown by geography, as of Jun 18: MONTANA (62.41%), SOUTH DAKOTA (19.86%), and NEBRASKA (17.73%).

Northwestern Energy Group Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
EE	Excelerate Energy	$851.44B	$433.44M
ELPC	Companhia Paranaense de Energia	$3.66B	$973.25M
SR	Spire	$2.48B	$762.20M
BKH	Black Hills	$2.31B	$780.70M
NWE	Northwestern Energy Group	$1.61B	$497.57M
AVA	Avista	$1.34B	-
OTTR	Otter Tail	$1.30B	$325.56M
CPK	Chesapeake Utilities	$930.00M	$179.60M
MGEE	MGE Energy	$743.65M	$242.70M

NWE Revenue FAQ

What is Northwestern Energy Group’s yearly revenue?

Northwestern Energy Group's yearly revenue for 2025 was $1.61B, representing an increase of 6.38% compared to 2024. The company's yearly revenue for 2024 was $1.51B, representing an increase of 6.45% compared to 2023. NWE's yearly revenue for 2023 was $1.42B, representing a decrease of -3.77% compared to 2022.

What is Northwestern Energy Group’s quarterly revenue?

Northwestern Energy Group's quarterly revenue for Q1 2026 was $497.57M, a 20.11% increase from the previous quarter (Q4 2025), and a 6.63% increase year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $414.26M, a 7.06% increase from the previous quarter (Q3 2025), and a 10.92% increase year-over-year (Q4 2024). NWE's quarterly revenue for Q3 2025 was $386.95M, a 12.91% increase from the previous quarter (Q2 2025), and a 12.11% increase year-over-year (Q3 2024).

What is Northwestern Energy Group’s revenue growth rate?

Northwestern Energy Group's revenue growth rate for the last 3 years (2023-2025) was 13.25%, and for the last 5 years (2021-2025) was 17.36%.

What are Northwestern Energy Group’s revenue streams?

Northwestern Energy Group's revenue streams in c 25 are Electricity, US Regulated, and Natural Gas, US Regulated. Electricity, US Regulated generated $1.27B in revenue, accounting 78.85% of the company's total revenue, up 5.77% year-over-year. Natural Gas, US Regulated generated $340.6M in revenue, accounting 21.15% of the company's total revenue, up 8.75% year-over-year.

What is Northwestern Energy Group’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Northwestern Energy Group was Electricity, US Regulated. This segment made a revenue of $1.27B, representing 78.85% of the company's total revenue.