Navajo Transitional Energy Company Delivers Historic $3.15 Million Dividend to Navajo Nation

NENAHNEZAD, N.M. – The Navajo Transitional Energy Company (NTEC) has delivered a record-setting $3.15 million dividend to the Navajo Nation, the largest dividend ever received from any tribally owned enterprise.

This milestone reflects NTEC’s strong operational results and exceptional reclamation performance, reaffirming the company’s vital role in supporting the Navajo Nation’s economy.

Each year, NTEC contributes to Navajo society with more than $128 million through taxes, royalties, wages, and charitable giving. With today’s dividend, the company’s total annual economic impact on the Navajo community now exceeds $130 million.

Established by the Navajo Nation in a pioneering effort to reassert sovereignty over its natural resources and energy policy, NTEC has grown to become the third-largest coal producer in the United States. Its societal contributions extend far beyond the Navajo Mine.

The $3.15 million dividend is generated from all NTEC’s consolidated operations, including mines in Wyoming and Montana.

The dividend represents a historic return on the Nation’s investment and vision in creating NTEC, demonstrating how tribally owned enterprises can achieve both economic success and sovereignty.

“NTEC’s success is evidence of the far-reaching benefits of Navajo ownership and leadership in energy development,” said Navajo Nation President Buu Nygren. “As President, I am anti-poverty and remain determined to preserve jobs for Navajo Nation employees and support NTEC’s efforts to continue driving economic development. I congratulate the company and its employees for their successful, safe operations and thank them for their dedication.”

NTEC’s contributions are more than financial. The company has consistently prioritized safe operations, workforce opportunities, and community support through charitable giving and outreach. Its record-breaking $3.15 million dividend is the culmination of years of hard work by employees, leadership, and the Navajo Nation’s commitment to self-sufficiency.

With this historic dividend, NTEC reaffirms its mandate: to provide long-term economic benefit to the Navajo people while safeguarding resources and advancing sovereignty for generations to come.