Filing Flows › NorthWestern Energy Group (NWE) › Q2 2026 › vs Q1 2026
NorthWestern Energy Group (NWE) Q2 2026 vs Q1 2026 (quarter over quarter)
NorthWestern Energy Group's revenue fell $105M (-21%) from $498M in Q1 2026 to $393M in Q2 2026. Operating margin 16.4% against 22.9% (-6.6 pts).
NorthWestern Energy Group, Q2 2026: revenue $393M (+15% year over year), operating margin 16.4%, net earnings $25.0M, operating cash flow $73.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 16.4% | 22.9% | -6.6 pts |
| Net margin | 6.4% | 12.8% | -6.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $393M | $498M | −$105M | -21% |
| Operating profit | $64.2M | $114M | −$49.9M | -44% |
| Costs & expenses | $328M | $383M | −$55.1M | -14% |
| Pre-tax earnings | $28.5M | $77.3M | −$48.8M | -63% |
| Other expense, net | $35.8M | $36.9M | −$1.1M | -3% |
| General & admin | $42.4M | $46.1M | −$3.8M | -8% |
| Other operating costs | $286M | $337M | −$51.3M | -15% |
| Net earnings | $25.0M | $63.5M | −$38.5M | -61% |
| Income tax | $3.5M | $13.8M | −$10.3M | -75% |
| Depreciation & amortization | $67.0M | $66.8M | $147K | +0.2% |
| Share-based compensation | $2.0M | $2.0M | −$2K | -0.1% |
| Working capital & other | $20.2M | −$27.1M | $47.3M | — |
| Operating cash flow | $73.8M | $159M | −$85.6M | -54% |
| Capital expenditures | $189M | $116M | $72.6M | +63% |
| Negative free cash flow (OCF − capex) | $115M | −$43.3M | $158M | — |
Questions
How much did NorthWestern Energy Group's revenue grow quarter over quarter in Q2 2026?
NorthWestern Energy Group's revenue fell $105M (-21%) from $498M in Q1 2026 to $393M in Q2 2026. Operating margin 16.4% against 22.9% (-6.6 pts).