NWE

NorthWestern Energy Group, Inc.

70.50^post+$0.64 (+0.92%)at close +$0.00 (+0.00%)

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as of 23:47:40 UTCnext report Oct 29 · 85d

Earnings Room‹ back to NWE

The report

fiscal Q3 2026 · from the company's notice

Oct 29before open85days out

Expected movement

market-implied · at the Aug 4 close

±9.8%is what the chain prices between now and the expiry below. Not a view we hold.

That span is 136days, so it covers the report plus the ordinary movement around it. The chain doesn't yet quote a second expiry we can separate the two with; the range narrows onto the report as it approaches.

expiry Dec 18 · first after the reportATM strike 70straddle 8.10ATM IV 24%× 0.85 straddle-to-rangespot 70.50

Blast radius

4 linked · N-PORT + EDGAR

If NWE moves ±9.8% over this report, these carry part of it. Fund rows are arithmetic on published holding weights — what an index fund does by construction. Company rows are named by filings and their coefficient measured against two years of daily returns.

IWMfundiShares Russell 2000 ETF0.14% of the fund0.01%MDYfundState Street SPDR S&P MidCap 400SM ETF Trust0.13% of the fund0.01%VTIfundVanguard Total Stock Market Index Fund0.01% of the fund0.00%AVAsupplierAvista×0.60 · 500 days5.9%

Positioning

3 expiries · as of the Jul 29 close

Contracts already committed, not just traded today — puts against calls, sized by expiry. The tick is today's volume moving against that stance; the arrow, how much built up since the prior session.

OI ΔPutsOI

Expiry

OICallsOI Δ

first

Aug 21

23d

first

Sep 18

51d

107

first

Dec 18

142d

first

The record

expected in pale · actual in full color

0/8reports moved further than the options market had pricedtypically ±1.3% realized vs ±6.5% priced

Jul 30 '26±6.1%→−1.3%×0.20

Apr 30 '26±6.4%→+1.4%×0.22

Feb 12 '26±6.0%→+0.5%×0.08

Oct 30 '25±7.1%→+0.3%×0.04

Jul 31 '25±5.1%→+2.1%×0.41

Apr 30 '25±6.8%→−2.1%×0.32

Feb 13 '25±7.4%→−2.3%×0.31

Oct 30 '24±7.4%→+0.7%×0.09

pale = implied the day beforeink = the next day's close× = realized ÷ implied

2-quarter memory

Q2 FY26 · reported 0.40 · rev $393M

record note

The note composes when the report lands. Nothing is written for a quarter that hasn't been read.