NorthWestern Energy Group annual capital expenditures (capex)
2021
2022
2023
2024
2025
NorthWestern Energy Group Capital Expenditures (CapEx) Growth & History (NWE)
NorthWestern Energy Group's capital expenditures (capex) was $524.5M for fiscal 2025.
View full NorthWestern Energy Group company overviewNorthWestern Energy Group annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $524.5M | −$24.8M | −4.51% |
| 2024 | 2024-12-31 | $549.2M | −$17.6M | −3.11% |
| 2023 | 2023-12-31 | $566.9M | $51.7M | +10.05% |
| 2022 | 2022-12-31 | $515.1M | $80.8M | +18.61% |
| 2021 | 2021-12-31 | $434.3M | — | — |
NorthWestern Energy Group quarterly capital expenditures (capex)
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $188.7M | $59.8M | +46.44% |
| Q1 2026 | 2026-03-31 | $116.1M | $24.0M | +26.00% |
| Q4 2025 | 2025-12-31 | $149.9M | $1.2M | +0.80% |
| Q3 2025 | 2025-09-30 | $153.6M | $405,000 | +0.26% |
| Q2 2025 | 2025-06-30 | $128.9M | −$9.8M | −7.04% |
| Q1 2025 | 2025-03-31 | $92.1M | −$16.6M | −15.29% |
| Q4 2024 | 2024-12-31 | $148.7M | −$11.0M | −6.88% |
| Q3 2024 | 2024-09-30 | $153.2M | $9.3M | +6.50% |
| Q2 2024 | 2024-06-30 | $138.6M | $11.8M | +9.35% |
| Q1 2024 | 2024-03-31 | $108.8M | −$27.9M | −20.39% |
| Q4 2023 | 2023-12-31 | $159.7M | — | — |
| Q3 2023 | 2023-09-30 | $143.8M | — | — |
| Q2 2023 | 2023-06-30 | $126.8M | — | — |
| Q1 2023 | 2023-03-31 | $136.6M | — | — |
NorthWestern Energy Group capital expenditures (capex) trends
Between the periods ended 2021-12-31 and 2025-12-31, NorthWestern Energy Group's capital expenditures (capex) increased from $434.3M to $524.5M, a change of $90.1M. The latest reported quarter, Q2 2026, shows $188.7M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review NorthWestern Energy Group source filings ↗