NorthWestern Energy : 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 CORPORATION
Table of Contents
Page
Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2026 and 2025 3
Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 2025
4
Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 5
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 6
Condensed Consolidated Statements of Common Shareholders' Equity for the Three Months Ended March 31, 2026 and 2025
7
Notes to Condensed Consolidated Financial Statements 8
NORTHWESTERN CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended March 31,
2026
2025
Revenues
Electric
$ 290,432
$ 281,439
Gas
86,607
87,689
Total Revenues
377,039
369,128
Operating expenses
Fuel, purchased supply and direct transmission expense (exclusive of depreciation and depletion shown separately below)
83,834
91,897
Operating, administrative and general
92,761
80,524
Property and other taxes
46,988
41,097
Depreciation and depletion
53,718
49,726
Total Operating Expenses
277,301
263,244
Operating income
99,738
105,884
Interest expense, net
(31,289)
(28,518)
Other income, net
1,657
2,896
Income before income taxes
70,106
80,262
Income tax expense
(15,576)
(13,775)
Net Income
54,530
66,487
See Notes to Condensed Consolidated Financial Statements
NORTHWESTERN CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Three Months Ended March 31,
2026
2025
Net Income
$
54,530
$
66,487
Other comprehensive income (loss), net of tax:
Reclassification of net losses on derivative instruments
113
113
Foreign currency translation
(1)
1
Total Other Comprehensive Income
112
114
Comprehensive Income $ 54,642 $ 66,601
See Notes to Condensed Consolidated Financial Statements
NORTHWESTERN CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS
As of March 31,
As of December 31,
2026
2025
ASSETS
Current Assets:
Cash and cash equivalents
$ 3,041
$ 4,201
Restricted cash
10,035
10,787
Accounts receivable, net
154,962
165,506
Accounts receivable from related parties
-
473
Inventories
97,889
98,430
Regulatory assets
94,070
83,773
Prepaid expenses and other
28,778
27,528
Total current assets
388,775
390,698
Property, plant, and equipment, net
5,630,922
5,583,528
Goodwill
273,856
273,856
Regulatory assets
677,157
675,159
Other noncurrent assets
55,111
37,964
Total Assets
$ 7,025,821
$ 6,961,205
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Current maturities of finance leases
$ 1,844
$ 1,865
Accounts payable
77,831
96,333
Accounts payable to related parties
3,731
600
Accrued expenses
280,654
238,473
Regulatory liabilities
18,826
21,147
Total current liabilities
382,886
358,418
Long-term finance leases
8,436
-
Long-term debt
2,668,492
2,690,083
Deferred income taxes
711,498
695,700
Noncurrent regulatory liabilities
567,903
562,961
Other noncurrent liabilities
261,315
245,106
Total Liabilities
4,600,530
4,552,268
Commitments and Contingencies (Note 5)
Shareholders' Equity:
Common stock, par value $0.01
0
0
Paid-in capital
2,052,534
2,050,822
Retained earnings
379,708
365,178
Accumulated other comprehensive loss
(6,951)
(7,063)
Total Shareholders' Equity
2,425,291
2,408,937
Total Liabilities and Shareholders' Equity
$ 7,025,821
$ 6,961,205
See Notes to Condensed Consolidated 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.