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. director Linda G. Sullivan received a grant of 768 shares of common stock on July 9, 2026, as a third quarter 2026 stock grant under the compensation rate schedule for non-employee directors. Following this award, she directly holds 34,586 shares, which include shares acquired through dividend reinvestment.
NorthWestern Energy Group, Inc. director Mahvash Yazdi received a grant of 524 shares of common stock on July 6, 2026, as a third-quarter 2026 stock grant under the company’s compensation rate schedule for non-employee directors. Following this award, Yazdi directly holds 22,932 shares, including shares acquired through dividend reinvestment.
NorthWestern Energy Group, Inc. reported that its wholly owned subsidiary, NorthWestern Energy Public Service Corporation, issued and sold $150 million principal amount of South Dakota First Mortgage Bonds. The bonds were issued on June 15, 2026, bear a fixed interest rate of 5.51%, and mature on June 15, 2036.
The SD Bonds are secured under an existing mortgage indenture and a new Twenty-third Supplemental Indenture with The Bank of New York Mellon as trustee. They rank equally with other first-mortgage secured debt and include customary covenants and events of default, allowing acceleration and potential enforcement against mortgaged property if a default occurs. NWE Public Service may redeem the bonds early at a make-whole price.
NorthWestern Energy Group, Inc., through its subsidiary NorthWestern Corporation, entered into a new $225 million secured term loan with a bank syndicate. The company immediately borrowed the full amount and used the proceeds to repay part of the outstanding balance under its existing $425 million unsecured revolving credit facility, effectively refinancing a portion of its debt.
The term loan bears variable interest based on SOFR plus a margin, matures on November 26, 2027, and cannot be reborrowed once repaid. It is secured by a matching $225 million first mortgage bond issued under the company’s long‑standing mortgage indenture, and includes a financial covenant limiting the consolidated debt to capitalization ratio to no more than 65 percent, along with customary restrictive covenants and default provisions.
NorthWestern Energy Group, Inc. is affirming its 2026 non-GAAP earnings guidance of $3.68 to $3.83 per diluted share while meeting investors on a non-deal roadshow and at a utilities conference. Management reiterates a long-term target of 4%-6% EPS and rate base growth from a 2024 adjusted EPS base of $3.40 and estimated rate base of $5.38 billion.
The company highlights a $3.21 billion five-year capital plan through 2030, expected to support 4%-6% annual earnings and rate base growth, and continues to target FFO-to-debt above 14%, a 50%-55% debt-to-capitalization range, and a 60%-70% dividend payout ratio. The materials also describe progress on the pending merger with Black Hills, including shareholder approvals, FERC approval, and key state regulatory milestones, as well as wildfire liability reforms in South Dakota that support its risk management framework.
NorthWestern Energy Group is using an investor presentation at several utility conferences to reaffirm its 2026 non-GAAP earnings guidance of $3.68 to $3.83 per diluted share. The company outlines a regulated utility strategy built on a largely carbon-free power mix, customer growth in Montana and South Dakota, and a five-year capital plan of about $3.21 billion aimed at driving 4%–6% annual EPS and rate base growth from a 2024 base.
The materials also highlight the pending merger with Black Hills Corporation, which would create a combined utility serving more than 2.1 million customers with an estimated total rate base of roughly $11 billion and a higher long-term EPS growth target of 5%–7%, subject to remaining regulatory approvals. NorthWestern emphasizes maintaining investment-grade credit metrics, targeting an FFO-to-debt ratio above 14%, a 50%–55% debt-to-capitalization range, and a long-term dividend payout ratio of 60%–70%, while planning equity issuance beginning in 2027 to help fund South Dakota generation investments.
NorthWestern Energy Group, Inc. is furnishing an investor presentation used at the AGA Financial Conference and affirming its 2026 non-GAAP earnings guidance of $3.68 to $3.83 per diluted share. The guidance assumes about 4% to 6% EPS and rate base growth from a 2024 base, supported by a $3.21 billion five-year capital plan and a target FFO-to-debt ratio above 14%.
The materials describe a pending merger with Black Hills Corporation that would create a combined utility serving more than 2.1 million customers and targeting 5% to 7% EPS growth with roughly $11 billion of total rate base. NorthWestern highlights a largely regulated electric and gas business, about 52% carbon-free owned and contracted supply, and a long history of dividend growth with a targeted 60% to 70% payout ratio. The presentation also emphasizes wildfire liability reforms in Montana and South Dakota, planned wildfire mitigation programs, and large-load and data center opportunities that may require incremental generation and transmission investment.
NorthWestern Energy Group director Jeffrey W. Yingling received a stock-based compensation grant. On May 11, 2026, he acquired 569 shares of common stock at a grant price of $65.94 per share as a second-quarter 2026 stock grant for non-employee directors.
The filing notes that shares were issued as deferred share units, with the grant price set as of March 31, 2026. After this award and including prior deferred share units and dividend reinvestment, Yingling directly holds 23,616 shares.
HORSFALL JAN ROBERT reported acquisition or exercise transactions in this Form 4 filing.
NorthWestern Energy Group, Inc. director Jan Robert Horsfall received a stock grant of 569 shares of common stock valued at $65.94 per share. The grant represents his second quarter 2026 compensation under the company’s rate schedule for non-employee directors.
These shares were issued as deferred share units on May 11, 2026 using a grant price set as of March 31, 2026, and will be settled after his termination of service. Following this award, Horsfall directly and through deferred share units holds a total of 11,109 shares, including shares accumulated through dividend reinvestment.
NorthWestern Energy Group, Inc. held its Annual Meeting of Stockholders on April 30, 2026, with strong participation. A total of 55,972,114 shares were represented in person or by proxy, reflecting over 91% of the 61,499,066 shares entitled to vote.
Stockholders elected all nine incumbent directors to one-year terms expiring at the 2027 annual meeting. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for 2026 and approved, on an advisory basis, executive compensation for the company’s named executive officers.