Northwestern ( (NWE) ) has released its Q2 earnings. Here is a breakdown of the information Northwestern presented to its investors.
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NorthWestern Energy Group, Inc., operating as NorthWestern Energy, is a utility company providing electricity and natural gas services to approximately 842,100 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park. The company is known for its commitment to delivering safe, reliable, and affordable energy solutions.
In its second quarter of 2025 financial results, NorthWestern Energy reported a decrease in net income to $21.2 million, or $0.35 per diluted share, compared to $31.7 million, or $0.52 per diluted share, in the same period of 2024. This decline was attributed to lower retail natural gas and electric usage primarily driven by weather, as well as increased operating and administrative costs.
Key highlights from the earnings report include the company’s adjusted diluted non-GAAP EPS of $0.40, down from $0.53 in 2024. NorthWestern Energy also announced a 2025 earnings guidance range of $3.53 to $3.65 per diluted share and affirmed its $531 million capital plan for 2025. Additionally, the company declared a quarterly dividend of $0.66 per share, payable on September 30, 2025.
NorthWestern Energy’s strategic initiatives include the acquisition of Energy West’s natural gas distribution system in Montana, adding over 33,000 customers, and a collaboration with Quantica Infrastructure for a 500-megawatt project in Montana. The company is also focused on advancing its regulatory and environmental strategies, including a pending rate review in Montana and compliance with EPA rules.
Looking forward, NorthWestern Energy remains committed to its long-term growth objectives, targeting a 4% to 6% EPS growth rate and maintaining a dividend payout ratio within the 60-70% range. The company plans to fund its capital program through a combination of cash from operations and secured debt issuances, while exploring additional strategic growth opportunities.

