Financial Statements — NWE
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 |
|---|
| Cash & Equivalents | 0.00 | 0.01 | 0.01 | 0.00 | 0.06 | 0.00 | 0.01 | 0.00 | 0.01 |
| Accounts Receivable | 0.17 | 0.20 | 0.16 | 0.15 | 0.19 | 0.14 | 0.15 | 0.19 | 0.15 |
| Inventory | 0.15 | 0.13 | 0.14 | 0.13 | 0.12 | 0.12 | 0.11 | 0.10 | 0.12 |
| Total Current Assets | 0.48 | 0.51 | 0.44 | 0.40 | 0.47 | 0.37 | 0.36 | 0.40 | 0.36 |
| Property, Plant & Equipment | 6.90 | 6.79 | 6.66 | 6.53 | 6.43 | 6.30 | 6.19 | 6.09 | 5.93 |
| Goodwill | 0.37 | 0.37 | 0.37 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 |
| Total Non-current Assets* | 8.22 | 8.07 | 7.85 | 7.73 | 7.63 | 7.49 | 7.35 | 7.24 | 7.07 |
| Total Assets | 8.70 | 8.58 | 8.30 | 8.14 | 8.10 | 7.85 | 7.71 | 7.63 | 7.43 |
| Accounts Payable | 0.11 | 0.12 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.10 | 0.12 |
| Short-term Debt | 0.10 | 0.15 | 0.15 | 0.10 | 0.00 | 0.10 | 0.10 | -- | -- |
| Total Current Liabilities | 0.58 | 0.73 | 0.68 | 0.54 | 0.40 | 0.81 | 0.70 | 0.44 | 0.57 |
| Long-term Debt | 3.44 | 3.18 | 3.04 | 3.03 | 3.13 | 2.57 | 2.57 | 2.77 | 2.54 |
| Total Non-current Liabilities* | 5.23 | 4.94 | 4.73 | 4.72 | 4.81 | 4.22 | 4.21 | 4.38 | 4.12 |
| Total Liabilities | 5.81 | 5.67 | 5.42 | 5.26 | 5.21 | 5.04 | 4.91 | 4.82 | 4.69 |
| Retained Earnings | 0.90 | 0.92 | 0.89 | 0.89 | 0.91 | 0.84 | 0.83 | 0.84 | 0.77 |
| Total Stockholder Equity | 2.90 | 2.91 | 2.88 | 2.88 | 2.90 | 2.82 | 2.81 | 2.81 | 2.74 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 |
|---|
| Total Revenue | 392.60 | 497.57 | 414.26 | 386.95 | 342.71 | 466.63 | 373.47 | 343.20 | 327.60 | 432.80 | 385.40 | 332.30 |
| Selling, General & Admin | 42.36 | 46.12 | 36.40 | 46.70 | 33.77 | 41.36 | 30.79 | 34.92 | 31.28 | 40.45 | 23.30 | 29.36 |
| Operating Income | 64.25 | 114.11 | 60.02 | 80.28 | 60.79 | 124.73 | 91.70 | 67.93 | 61.61 | 102.08 | 103.16 | 55.63 |
| Pretax Income | 28.46 | 77.25 | 23.79 | 47.02 | 24.61 | 92.14 | 59.70 | 43.65 | 35.90 | 75.42 | 76.60 | 31.03 |
| Tax Provision | 3.47 | 13.80 | (20.90) | 8.79 | 3.38 | 15.20 | (20.85) | (3.17) | 4.24 | 10.33 | (6.55) | 1.70 |
| Net Income | 24.99 | 63.46 | 44.69 | 38.23 | 21.23 | 76.94 | 80.55 | 46.82 | 31.65 | 65.09 | 83.14 | 29.34 |
| Basic EPS | 0.41 | 1.03 | 0.73 | 0.62 | 0.35 | 1.25 | 1.32 | 0.76 | 0.52 | 1.06 | 1.37 | 0.48 |
| Diluted EPS | 0.40 | 1.03 | 0.72 | 0.62 | 0.35 | 1.25 | 1.31 | 0.76 | 0.52 | 1.06 | 1.37 | 0.48 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 |
|---|
| Operating Cash Flow | 73.82 | 159.41 | 56.18 | 126.67 | 58.21 | 153.39 | 62.84 | 119.96 | 62.27 | 161.68 | 62.31 | 426.92 |
| Capital Expenditures | 188.69 | 116.08 | 149.92 | 153.56 | 128.85 | 92.12 | 148.73 | 153.15 | 138.61 | 108.75 | 159.72 | 407.17 |
| Free Cash Flow* | (114.87) | 43.33 | (93.74) | (26.88) | (70.64) | 61.27 | (85.90) | (33.19) | (76.34) | 52.92 | (97.41) | 19.75 |
| Investing Cash Flow | (189.76) | (116.08) | (152.07) | (191.81) | (130.05) | (96.71) | (149.35) | (156.83) | (139.28) | (109.00) | (159.84) | (410.97) |
| Financing Cash Flow | 113.44 | (46.47) | 96.15 | 69.06 | 18.32 | (5.63) | 87.64 | 33.73 | 87.67 | (57.49) | 101.08 | (16.77) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 |
|---|
| Dividends Per Share | 0.67 | 0.67 | 0.66 | 0.66 | 0.66 | 0.66 | 0.65 | 0.65 | 0.65 | 0.64 | 0.63 | 0.64 |
