# NorthWestern (NWE) — Earnings

NWE · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/nwe/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.50 |
| EPS estimate | $0.42 |
| EPS surprise | +18.18% |
| Revenue surprise | +4.08% |
| Revenue | $392.6M |
| Revenue estimate | $377.2M |
| Reported | Jul 30, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1993004/000199300426000050/nwe-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/3768f0bd-d22b-9c97-b28e-cab6e25ad45e.html) |

NorthWestern reported Q2 2026 results on July 30, 2026. Earnings per share were $0.50, ahead of the $0.42 estimate by 18.18%. Revenue was $392.6 million, 4.08% above the $377.2 million consensus. Compared with Q2 2025, EPS rose 25% from $0.40 and revenue rose about 15% from $342.7 million. The first half of 2026 totals $1.81 per share, about 12% more than a year earlier.

Results follow a clear seasonal pattern. The first and fourth quarters are the strongest, and the second quarter is usually the weakest, so the drop from Q1's $1.31 is in line with past years. Annual EPS has risen each year, from $3.18 in 2022 to $3.27 in 2023, $3.40 in 2024 and $3.58 in 2025. The highest quarter in the table was Q4 2023 at $1.38, and the lowest was Q2 2023 at $0.35. NorthWestern beat the EPS estimate in 9 of the last 20 quarters, but in 3 of the last 4.

NorthWestern reported its third quarter between October 25 and October 30 in each of the past five years. That points to late October 2026 for the next report. It will show whether the year-over-year gains of the first half extend into Q3.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 30, 2026 | $0.42 | $0.50 | 18.18% | $377.2M | $392.6M |
| Q1 2026 | Apr 30, 2026 | $1.29 | $1.31 | 1.30% | $502.2M | $497.6M |
| Q4 2025 | Feb 12, 2026 | $1.19 | $1.17 | -1.49% | $414.3M | $414.3M |
| Q3 2025 | Oct 30, 2025 | $0.75 | $0.79 | 4.84% | $376.0M | $387.0M |
| Q2 2025 | Jul 31, 2025 | $0.38 | $0.40 | 6.02% | $336.6M | $342.7M |
| Q1 2025 | Apr 30, 2025 | $1.18 | $1.22 | 3.69% | $495.4M | $466.6M |
| Q4 2024 | Feb 13, 2025 | $1.13 | $1.13 | -0.22% | $384.6M | $373.5M |
| Q3 2024 | Oct 29, 2024 | $0.66 | $0.65 | -2.08% | $350.2M | $345.2M |
| Q2 2024 | Jul 31, 2024 | $0.48 | $0.53 | 10.12% | $310.4M | $319.9M |
| Q1 2024 | Apr 26, 2024 | $1.14 | $1.09 | -4.57% | $471.6M | $475.3M |
| Q4 2023 | Feb 15, 2024 | $1.17 | $1.38 | 17.80% | $462.7M | — |
| Q3 2023 | Oct 27, 2023 | $0.61 | $0.49 | -19.49% | $361.6M | $321.1M |
| Q2 2023 | Jul 25, 2023 | $0.50 | $0.35 | -30.64% | $341.2M | $290.5M |
| Q1 2023 | Apr 28, 2023 | $1.12 | $1.05 | -5.89% | $422.6M | $454.5M |
| Q4 2022 | Feb 17, 2023 | $1.18 | $1.13 | -4.25% | $395.8M | $425.2M |
| Q3 2022 | Oct 25, 2022 | $0.58 | $0.42 | -28.00% | $317.1M | $335.1M |
| Q2 2022 | Jul 28, 2022 | $0.53 | $0.54 | 2.04% | $280.6M | $323.0M |
| Q1 2022 | Apr 29, 2022 | $1.17 | $1.09 | -7.18% | $415.3M | $394.5M |
| Q4 2021 | Feb 11, 2022 | $1.05 | $1.04 | -0.76% | $335.6M | $347.3M |
| Q3 2021 | Oct 25, 2021 | $0.57 | $0.65 | 13.76% | $291.0M | $326.0M |

## Frequently Asked Questions

### When did NorthWestern (NWE) last report earnings?

NorthWestern last reported on Jul 30, 2026, covering fiscal Q2 2026.

### Did NWE beat earnings estimates?

Yes. NorthWestern reported EPS of $0.50 for Q2 2026 against a $0.42 estimate — a 18.18% beat.

### How much revenue did NWE report last quarter?

NorthWestern reported $392.6M in revenue for Q2 2026, against a consensus estimate of $377.2M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).