Northwestern ( (NWE) ) has released its Q1 earnings. Here is a breakdown of the information Northwestern presented to its investors.
NorthWestern Energy Group, Inc., operating as NorthWestern Energy, is a utility company providing electricity and natural gas services to approximately 809,000 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park. The company is recognized for its commitment to delivering safe, reliable, and affordable energy solutions.
In its first quarter of 2025, NorthWestern Energy reported a notable increase in earnings, with a diluted GAAP EPS of $1.25, up from $1.06 in the same quarter of 2024. The company also declared a quarterly dividend of $0.66 per share, reflecting its ongoing commitment to shareholder returns.
Key drivers of NorthWestern’s financial performance included new rates in Montana, South Dakota, and Nebraska, as well as higher electric and natural gas retail volumes. The company also benefited from increased electric transmission and natural gas transportation revenues. These gains were partially offset by higher depreciation, interest expenses, and operating costs.
Looking ahead, NorthWestern Energy reaffirms its long-term growth targets, projecting a 4% to 6% annual growth in earnings per share and rate base. The company also plans to continue its significant capital investment strategy, with a $2.7 billion plan for 2025-2029, aimed at supporting infrastructure development and operational enhancements.
Overall, NorthWestern Energy remains focused on maintaining its financial health and operational efficiency, while navigating regulatory developments and market conditions to ensure continued growth and value creation for its stakeholders.