NorthWestern Energy : Public Service Corporation Financial Statements Q1 2026
NWE
Published on 05/07/2026 at 07:40 pm EDT - Modified on 05/07/2026 at 07:45 pm EDT
NORTHWESTERN ENERGY PUBLIC SERVICE CORPORATION
Table of Contents
Page
Condensed Statements of Income for the Three Months Ended March 31, 2026 and 2025 3
Condensed Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 2025 4
Condensed Balance Sheets as of March 31, 2026 and December 31, 2025 5
Condensed Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 6
Condensed Statements of Common Shareholders' Equity for the Three Months Ended March 31, 2026 and 2025 7
Notes to Condensed Financial Statements 8
NORTHWESTERN ENERGY PUBLIC SERVICE CORPORATION CONDENSED STATEMENTS OF INCOME
Three Months Ended March 31,
2026
2025
Revenues
Electric
$ 56,384
$ 54,044
Gas
46,397
43,458
Total Revenues
102,781
97,502
Operating Expenses
Fuel, purchased supply and direct transmission expense (exclusive of depreciation shown separately below)
49,889
46,300
Operating, administrative and general
17,520
17,126
Property and other taxes
1,847
1,983
Depreciation
13,112
12,675
Total Operating Expenses
82,368
78,084
Operating income
20,413
19,418
Interest expense, net
(6,767)
(6,272)
Other income, net
509
685
Income before income taxes
14,155
13,831
Income tax (expense) benefit
(3,011)
(1,928)
Net Income
$ 11,144
$ 11,903
See Notes to Condensed Financial Statements
NORTHWESTERN ENERGY PUBLIC SERVICE CORPORATION CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
Net Income $ 11,144 $ 11,903
Three Months Ended March 31, 2026 2025
Comprehensive Income $ 11,144 $ 11,903
Other comprehensive income, net of tax: - -
Three Months Ended March 31,
See Notes to Condensed Financial Statements
NORTHWESTERN ENERGY PUBLIC SERVICE CORPORATION CONDENSED BALANCE SHEETS
As of December
As of March 31,
31,
2026
2025
ASSETS
Current Assets:
Cash and cash equivalents
$ 1,808
$ 2,521
Restricted cash
10,105
9,570
Accounts receivable, net
37,972
41,834
Accounts receivable from related parties
3,323
699
Inventories
35,778
33,931
Regulatory assets
9,168
9,165
Prepaid expenses and other
16,407
10,577
Total current assets
114,561
108,297
Property, plant, and equipment, net
1,150,270
1,147,596
Goodwill
93,779
93,779
Regulatory assets
96,418
97,475
Other noncurrent assets
29,996
11,378
Total Assets
$ 1,485,024
$ 1,458,525
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Current portion of long-term debt
$ 104,983
$ 104,967
Accounts payable
41,481
33,300
Accounts payable to related parties
-
-
Accrued expenses
36,187
33,829
Regulatory liabilities
12,369
17,464
Total current liabilities
195,020
189,560
Long-term debt
504,103
490,031
Deferred income taxes
47,528
44,781
Noncurrent regulatory liabilities
116,761
115,900
Other noncurrent liabilities
33,324
33,433
Total Liabilities
896,736
873,705
Commitments and Contingencies (Note 4)
Shareholders' Equity:
Common stock, par value $0.01
0
0
Paid-in capital
582,428
582,104
Retained earnings
4,858
1,714
Accumulated other comprehensive income
1,002
1,002
Total Shareholders' Equity
588,288
584,820
Total Liabilities and Shareholders' Equity
$ 1,485,024
$ 1,458,525
See Notes to Condensed Financial Statements
Disclaimer
Northwestern Energy Group Inc. published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 23:34 UTC.