northwestern corporation d/b/a northwestern energy is an investor-owned utility and one of the largest providers of electricity and natural gas in the northwest quadrant of the united states. we serve approximately 656,000 customers – 392,600 electric and 263,700 natural gas – in montana, south dakota and nebraska. classified as a “mid-sized” utility by most industry standards, our service territory size is one of the largest in the country. the foundation of northwestern’s energy business dates back to 1923, with the start of the utility operations in a few communities in south dakota and nebraska. our electric system serves 297 communities and surrounding rural areas covering two-thirds of montana, eastern south dakota, and yellowstone national park in wyoming. our natural gas system serves 169 communities and surrounding rural areas in montana, south dakota and central nebraska. northwestern energy has approximately 1,362 full-time employees. our corporate headquarters is in
Company profile
Ticker
NWE
Exchange
Website
CEO
Robert Rowe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NORTHWESTERN PUBLIC SERVICE CO
SEC CIK
Corporate docs
Subsidiaries
The Clark Fork and Blackfoot, L.L.C. • NorthWestern Services, LLC • Canadian-Montana Pipe Line Corporation • Risk Partners Assurance, Ltd. • Lodge Creek Pipelines, LLC • Willow Creek Gathering, LLC • Havre Pipeline Company, LLC • NorthWestern Energy ...
IRS number
460172280
NWE stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
7 Dec 23
8-K
Regulation FD Disclosure
6 Dec 23
8-K
Entry into a Material Definitive Agreement
5 Dec 23
8-K
Regulation FD Disclosure
13 Nov 23
8-K
NorthWestern Reports Third Quarter 2023 Financial Results
27 Oct 23
10-Q
2023 Q3
Quarterly report
26 Oct 23
POSASR
Automatic shelf registration (post-effective amendment)
2 Oct 23
POSASR
Automatic shelf registration (post-effective amendment)
2 Oct 23
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Oct 23
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Oct 23
Transcripts
NWE
Earnings call transcript
2023 Q3
27 Oct 23
NWE
Earnings call transcript
2023 Q2
26 Jul 23
NWE
Earnings call transcript
2023 Q1
28 Apr 23
NWE
Earnings call transcript
2022 Q4
17 Feb 23
NWE
Earnings call transcript
2022 Q3
25 Oct 22
NWE
Earnings call transcript
2022 Q2
28 Jul 22
NWE
Earnings call transcript
2022 Q1
29 Apr 22
NWE
Earnings call transcript
2021 Q4
14 Feb 22
NWE
Earnings call transcript
2021 Q3
26 Oct 21
NWE
Earnings call transcript
2021 Q2
29 Jul 21
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
BlackRock Inc.
22 Jan 24
3
Bleau LaFave
16 Jun 23
4
Britt E Ide
17 May 23
144
Notice of proposed sale of securities
16 May 23
4
Sherina M. Edwards
11 May 23
3
Sherina M. Edwards
1 May 23
4
Shannon Heim
9 Mar 23
4
Crystal Dawn Lail
9 Mar 23
4
John D Hines
9 Mar 23
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 21.64 mm | 21.64 mm | 21.64 mm | 21.64 mm | 21.64 mm | 21.64 mm |
| Cash burn (monthly) | 793.33 k | 590.42 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 8.95 mm | 6.66 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 12.69 mm | 14.98 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 16.0 | 25.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
| 13F holders | Current |
|---|---|
| Total holders | 295 |
| Opened positions | 42 |
| Closed positions | 41 |
| Increased positions | 118 |
| Reduced positions | 93 |
| 13F shares | Current |
|---|---|
| Total value | 2.84 tn |
| Total shares | 62.57 mm |
| Total puts | 12.50 k |
| Total calls | 48.80 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK BlackRock | 9.38 mm | $469.70 bn |
| Vanguard | 6.76 mm | $338.68 bn |
| American Century Companies | 3.97 mm | $198.74 bn |
| American Century Investment Management | 3.75 mm | $0.00 |
| STT State Street | 2.46 mm | $123.31 bn |
| River Road Asset Management | 2.22 mm | $111.20 bn |
| Victory Capital Management | 2.13 mm | $106.60 bn |
| Geode Capital Management | 1.50 mm | $75.20 bn |
| MQBKY Macquarie Group Limited | 1.43 mm | $71.54 bn |
| BEN Franklin Resources | 1.34 mm | $67.17 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 May 23 | Britt E Ide | Common Stock | Sell | Dispose S | No | No | 58.65 | 1,200 | 70.38 k | 10,125 |
| 9 May 23 | Sherina M. Edwards | Common Stock | Grant | Acquire A | No | No | 58.94 | 2,833 | 166.98 k | 2,833 |