Filing Flows › NorthWestern Energy Group (NWE) › Q3 2026
NorthWestern Energy Group (NWE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
NorthWestern Energy Group (NWE) reported revenue of $424M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +8% from the quarter before. Operating margin was 17.6%, net earnings $30.7M (7.3% of revenue).
NorthWestern Energy Group, Q3 2026: revenue $424M (+10% year over year), operating margin 17.6%, net earnings $30.7M, operating cash flow $131M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $424M | +8% | +10% |
| Operating profit | $74.6M | +16% | -7% |
| Net earnings | $30.7M | +23% | -20% |
| Operating cash flow | $131M | +77% | +3% |
What changed
Revenue was $423.8M in Q3 2026, up 10% year over year and up 8% from the previous quarter.
Operating profit was $74.6M, a 17.6% margin (down 3.1 points year over year). Operating profit fell $5.7M even though revenue rose $36.8M versus Q3 2025, so costs grew faster than sales. Total costs grew 14% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $30.7M, down 20% year over year. The effective tax rate was 13.2%.
Operating cash flow was $130.9M (up 3% year over year), 426% of net earnings. Non-cash charges added back $67.0M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $31.1M. Capital expenditures of $159.3M exceeded it, leaving free cash flow of −$28.4M.
Questions
What was NorthWestern Energy Group's revenue in the third quarter 2026?
NorthWestern Energy Group (NWE) reported revenue of $424M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +8% from the quarter before.
Was NorthWestern Energy Group profitable in the third quarter 2026?
Operating profit was $74.6M (17.6% of revenue) and net earnings $30.7M.