Filing Flows › NorthWestern Energy Group (NWE) › Q2 2025
NorthWestern Energy Group (NWE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
NorthWestern Energy Group (NWE) reported revenue of $343M for the second quarter 2025 (Q2 2025), +7% from a year earlier and -27% from the quarter before. Operating margin was 17.7%, net earnings $21.2M (6.2% of revenue).
NorthWestern Energy Group, Q2 2025: revenue $343M (+7% year over year), operating margin 17.7%, net earnings $21.2M, operating cash flow $58.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $343M | -27% | +7% |
| Operating profit | $60.8M | -51% | -1% |
| Net earnings | $21.2M | -72% | -33% |
| Operating cash flow | $58.2M | -62% | -7% |
What changed
Revenue was $342.7M in Q2 2025, up 7% year over year and down 27% from the previous quarter.
Operating profit was $60.8M, a 17.7% margin (down 1.5 points year over year). Operating profit fell $826K even though revenue rose $22.8M versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 7%. Net earnings were $21.2M, down 33% year over year. The effective tax rate was 13.7%.
Operating cash flow was $58.2M (down 7% year over year), 274% of net earnings. Non-cash charges added back $62.4M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $27.3M. Capital expenditures of $128.9M exceeded it, leaving free cash flow of −$70.6M.
Questions
What was NorthWestern Energy Group's revenue in the second quarter 2025?
NorthWestern Energy Group (NWE) reported revenue of $343M for the second quarter 2025 (Q2 2025), +7% from a year earlier and -27% from the quarter before.
Was NorthWestern Energy Group profitable in the second quarter 2025?
Operating profit was $60.8M (17.7% of revenue) and net earnings $21.2M.