Welcome to our dedicated page for NorthWestern Energy Group SEC filings (Ticker: NWE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NorthWestern Energy Group, Inc.'s SEC filings document the formal disclosures of a regulated electric and natural gas utility with operations in Montana, South Dakota, Nebraska, and Yellowstone National Park. The record includes 8-K reports on operating results, Regulation FD presentations, material agreements, capital-structure actions, and annual meeting voting results.
Proxy and governance filings cover director elections, auditor ratification, executive compensation votes, board matters, and shareholder voting mechanics. Debt-related disclosures include NorthWestern Corporation financing arrangements, including Montana First Mortgage Bonds, indenture terms, secured-debt ranking, and intended uses of proceeds. The filings also address utility business risks, financial condition, and corporate governance for the public parent company.
NorthWestern Energy Group, Inc. (NWE) reported that its CFO, Crystal Lail, and investor relations officer, Travis Meyer, are presenting at the Barclays 40th Annual Energy‑Power Conference and are affirming 2026 non‑GAAP EPS guidance of $3.68 to $3.83 per diluted share.
The company reiterated a long‑term growth plan from a 2024 base, targeting 4% to 6% annual EPS and rate base growth, supported by a $3.2 billion five‑year capital plan, including about $300 million for South Dakota generation. Guidance assumes an effective tax rate of roughly 14%–18% and about 61.8 million diluted shares. NorthWestern also highlighted the pending merger with Black Hills, for which most regulatory and shareholder approvals have been obtained, with Montana approval as the key remaining condition.
HORSFALL JAN ROBERT reported acquisition or exercise transactions in this Form 4 filing.
NorthWestern Energy Group, Inc. reported that director Jan Robert Horsfall received a grant of 524 deferred share units of common stock as his third‑quarter 2026 stock grant for non‑employee directors at a grant price of $71.62 per share. After this award, his direct holdings total 11,670 shares, including dividend reinvestment and underlying deferred share units that will be issuable after his service ends.
Yingling Jeffrey W. reported acquisition or exercise transactions in this Form 4 filing.
NorthWestern Energy Group, Inc. director Jeffrey W. Yingling received a grant of 524 shares of common stock, reported as deferred share units, as his third‑quarter 2026 stock grant under the company’s compensation schedule for non‑employee directors at a grant price of $71.62 per share. Following this award, he directly holds 24,349 shares, including underlying deferred share units issuable after his service ends and shares accumulated through dividend reinvestment.
NorthWestern Energy Group reported stronger second-quarter 2026 results, with revenue of $392.6 million and net income of $25.0 million, or GAAP diluted EPS of $0.40, compared with $21.2 million and $0.35 a year earlier. Adjusted non-GAAP diluted EPS rose to $0.50 from $0.40 as utility margin increased to $302.8 million. Growth was driven mainly by new base rates, higher electric and gas retail volumes, and contributions from acquired Colstrip interests, partly offset by higher generation maintenance, merger-related expenses, depreciation, and interest costs.
For the first half of 2026, net income was $88.5 million, or $1.43 per diluted share, versus $98.2 million and $1.60 in 2025, reflecting unfavorable weather and rising operating expenses. The company affirmed 2026 non-GAAP EPS guidance of $3.68–$3.83 per diluted share, long-term EPS and rate base growth targets of 4%–6%, and a record $683 million 2026 capital plan within a $3.2 billion 2026–2030 program. Liquidity stood at $339.2 million as of June 30, 2026.
NorthWestern highlighted progress on its pending all-stock merger of equals with Black Hills Corporation, noting approvals from the Federal Energy Regulatory Commission and utility commissions in Nebraska and South Dakota, with only Montana approval outstanding and closing anticipated by year-end 2026. The board declared a $0.67 per-share quarterly dividend payable September 1, 2026, with revised record and payment dates aligned to the merger’s dividend coordination provisions.
NorthWestern Energy Group reported solid top-line growth but mixed profitability for the period ended June 30, 2026. For the quarter, total revenues rose to $392,599 (in thousands) from $342,713, while net income increased to $24,994 (in thousands), or $0.40 diluted EPS, from $21,228 and $0.35. For the first six months, revenues were $890,169 (in thousands) versus $809,343, but net income declined to $88,450 (in thousands) from $98,168 as higher operating, depreciation and interest costs, including $6.7 million of merger-related expenses and additional Colstrip costs, outweighed margin gains.
Utility margin, a non‑GAAP measure, increased to $302.8 million in the quarter and $654.8 million year‑to‑date, driven mainly by new rates, higher electric and gas volumes, and transmission revenue, partly offset by weather‑driven volume pressures and Montana property tax tracker effects. The company added 592 megawatts of Colstrip capacity from Puget and Avista at no purchase price, but Avista‑related operating costs are not yet in base rates; Puget capacity is largely sold under FERC‑approved cost‑based contracts.
The pending all‑stock merger with Black Hills, under which each NorthWestern share will convert into 0.98 Black Hills share, has received key federal, state and shareholder approvals, with Montana approval and other closing conditions outstanding and closing anticipated by year‑end 2026. Cash from operations was $233,232 (in thousands) in the first half against $304,772 (in thousands) of capital expenditures, funded in part by new long‑term debt, including $150.0 million of 5.51% South Dakota first mortgage bonds and a $225.0 million secured term loan.
NorthWestern Energy Group, Inc. director Mahvash Yazdi reported an amended insider transaction reflecting a third-quarter 2026 stock grant. On July 9, 2026, Yazdi acquired 524 shares of common stock at a reference price of $71.62 per share as a grant under the company’s compensation rate schedule for non-employee directors.
This amendment corrects the previously reported transaction date from July 6, 2026, to July 9, 2026; no other terms changed apart from conforming updates. Following the grant, Yazdi directly holds 22,932 shares of common stock, which includes shares accumulated through dividend reinvestment.
NorthWestern Energy Group, Inc. director Britt E. Ide received a grant of 524 shares of Common Stock on July 9, 2026, classified as a grant, award, or other acquisition under the company’s compensation rate schedule for non-employee directors for the third quarter of 2026. Following this award, Ide directly holds 15,558 shares of common stock, which include shares acquired through dividend reinvestment.
NorthWestern Energy Group, Inc. director David L. Goodin reported an acquisition of 524 shares of common stock on July 9, 2026. The shares represent a third quarter 2026 stock grant received under the company’s compensation rate schedule for non-employee directors, bringing his direct holdings to 5,624 shares.
Edwards Sherina M. reported acquisition or exercise transactions in this Form 4 filing.
NorthWestern Energy Group, Inc. director Sherina M. Edwards received a third-quarter 2026 stock grant of 524 shares of Common Stock under the company’s compensation rate schedule for non-employee directors. Following this grant, she holds 9,978 shares of NorthWestern Energy Group common stock directly.
Larson Kent T reported acquisition or exercise transactions in this Form 4 filing.
NorthWestern Energy Group, Inc. director Kent T. Larson received a stock grant of 524 shares of common stock on July 9, 2026. The grant, valued at $71.62 per share, represents his third-quarter 2026 stock award under the compensation rate schedule for non-employee directors. Following this award, Larson directly holds 12,041 shares of NorthWestern Energy Group common stock.