Welcome to our dedicated page for Northwestern 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.
The NorthWestern Energy Group, Inc. (NWE) SEC filings page brings together the company’s official disclosures as a regulated electric and natural gas utility. NorthWestern Energy, doing business as NorthWestern Energy, serves customers in Montana, South Dakota, Nebraska, and Yellowstone National Park, and its filings provide detailed insight into how it finances, operates, and governs this regulated utility business.
Investors can review Form 10-K annual reports and Form 10-Q quarterly reports for information on segment operations, electric and natural gas utility revenues, cost structures, regulatory environments, capital investment plans, and risk factors. These reports explain how rate reviews, environmental regulations, and legislative developments affect the company’s financial position and results.
NorthWestern Energy’s Form 8-K current reports are particularly important for tracking material events. Recent 8-K filings describe items such as the Agreement and Plan of Merger with Black Hills Corporation, term loan amendments, bond issuances by subsidiary NorthWestern Corporation, quarterly earnings announcements and guidance, and executive transitions. These filings outline key terms of financing arrangements, merger conditions, and other corporate actions.
Filings related to debt offerings, including Montana First Mortgage Bonds, detail maturity dates, interest rates, covenants, and intended uses of proceeds, such as funding capital expenditures, working capital, and general corporate purposes. Credit agreements and term loans are described with information on covenants, interest calculations, and events of default.
Users can also access proxy materials and governance-related filings, which provide information on board structure, executive compensation programs, and change-in-control arrangements that are relevant in the context of the pending merger with Black Hills Corporation.
Stock Titan enhances these documents with AI-powered summaries that highlight the most important points from lengthy filings, helping readers quickly understand earnings drivers, regulatory developments, financing terms, and merger provisions. Real-time updates from EDGAR ensure that new 10-Ks, 10-Qs, 8-Ks, and other forms are available as soon as they are filed, while specialized views of Form 4 insider transaction reports allow users to monitor trading activity by NorthWestern Energy’s officers and directors.
Black Hills Corporation reviewed a strong 2025 and outlined its outlook while updating progress on its planned merger with NorthWestern Energy. The company delivered GAAP EPS of $3.98, or $4.10 adjusted, up 5% from $3.91 in 2024, driven by $0.95 per share of new rates and rider recovery plus customer growth, which offset higher O&M, interest and depreciation.
Management introduced 2026 adjusted EPS guidance of $4.25–$4.45, implying 6% growth at the midpoint, and reaffirmed a long-term 4%–6% EPS growth target with confidence in the upper half. The company highlighted a $4.7 billion capital plan focused on safety, reliability and growth, including the 260‑mile Ready Wyoming transmission project and the 99‑MW Lange II gas plant, plus a 50‑MW Colorado battery project for 2027.
Black Hills emphasized a data center pipeline of more than 3 gigawatts, with Microsoft and Meta expected to reach about 600 MW of load by 2030, which management expects to contribute more than 10% of consolidated EPS starting in 2028. The company also noted 56 consecutive years of dividend increases and said it aims to close the NorthWestern Energy merger in the second half of the year, following joint regulatory applications and an S‑4 filing with shareholder votes planned for early April.
NorthWestern Energy Group, Inc. director Jan Robert Horsfall reported receiving a grant of 581 shares of common stock on February 3, 2026, coded as an acquisition. The grant represents his first quarter 2026 stock award under the company’s compensation schedule for non-employee directors.
The shares carried a grant price of $64.54 as of December 31, 2025 and were issued as deferred share units on February 2, 2026. After this grant, Horsfall beneficially owned 10,505 shares, including deferred share units and shares acquired through dividend reinvestment, all reported as held directly.
NorthWestern Energy Group, Inc. director Jeffrey W. Yingling reported receiving a first quarter 2026 stock grant under the company’s compensation schedule for non-employee directors. The award covered 581 shares of common stock at a grant price of $64.54 per share, determined as of December 31, 2025.
Following this grant, Yingling beneficially owned 22,821 shares of NorthWestern common stock, including deferred share units that will be issued after his service ends and shares accumulated through dividend reinvestment.
Black Hills Corporation has called a special virtual shareholder meeting for 10:00 a.m. Mountain Time on April 2, 2026. Shareholders of record on January 28, 2026 can vote.
They will vote on issuing Black Hills common stock for a planned merger with NorthWestern Energy, tripling authorized shares from 100 million to 300 million, changing the company name, and increasing authorized indebtedness from $8 billion to $20 billion. Shareholders will also vote on an advisory proposal covering merger-related executive compensation and a possible adjournment of the meeting. Black Hills plans to file a Form S-4 registration statement and joint proxy statement/prospectus for the transaction.
NorthWestern Energy Group, Inc. insider transaction: Controller Jeffrey B. Berzina reported a disposition of 124 shares of NorthWestern Energy Group common stock on 01/22/2026 at a price of $64.54 per share under transaction code F. Following this transaction, he directly beneficially owned 3,999 shares of common stock.
NorthWestern Energy Group, Inc. executive activity: Vice President of Transmission Michael R. Cashell reported a disposition of 381 shares of NorthWestern Energy Group, Inc. common stock on January 22, 2026 at a price of $64.54 per share, coded as an "F" transaction, which typically reflects share withholding to cover taxes on equity compensation.
After this transaction, Cashell directly beneficially owned 24,354 shares of the company’s common stock. The filing shows no derivative securities transactions and lists his ownership as direct rather than through an intermediary entity.
NorthWestern Energy Group, Inc. officer files insider transaction report. Company executive LaFave Bleau, who serves as VP - Business Development & Asset Management, reported a disposition of 89 shares of NorthWestern Energy Group, Inc. common stock on January 22, 2026, coded as transaction type "F" at a price of $64.54 per share. Following this transaction, the reporting person directly beneficially owns 2,722 shares of the company’s common stock.
NorthWestern Energy Group VP and CFO Lail Crystal Dawn reported a small share disposition. On January 22, 2026, she reported an F-coded transaction involving 808 shares of common stock at a price of $64.54 per share. After this transaction, she reported beneficial ownership of 29,170 common shares, held in direct form.
NorthWestern Energy Group, Inc. executive Jason Merkel, VP - Distribution, reported a small insider transaction in company common stock. On 01/22/2026 he disposed of 206 shares at $64.54 per share, coded as transaction type “F.” After this transaction, he beneficially owned 4,746 common shares, held as direct ownership.
NorthWestern Energy Group, Inc. insider transaction: Company officer Bobbi L. Schroeppel, VP - HR, Customer Care and Corporate Communications, reported a disposition of common stock on 01/22/2026.
The Form 4 shows a transaction in which 327 shares of common stock were disposed of at a price of $64.54 per share, reported under transaction code F. After this transaction, Schroeppel directly beneficially owned 35,336 shares of NorthWestern Energy Group, Inc. common stock.