Welcome to our dedicated page for Northwestern news (Ticker: NWE), a resource for investors and traders seeking the latest updates and insights on Northwestern stock.
NorthWestern Energy Group, Inc. (Nasdaq: NWE), doing business as NorthWestern Energy, is a regulated electric and natural gas utility serving customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. The NWE news feed highlights how the company manages its utility operations, regulatory relationships, and long-term infrastructure plans.
Investors following NWE news will see regular coverage of quarterly and annual financial results, where NorthWestern Energy reports GAAP and non-GAAP earnings, discusses key drivers such as customer usage, rate changes, supply costs, depreciation, and interest expense, and provides earnings guidance ranges. These releases are often accompanied by investor presentations and webinars that give additional context on performance and outlook.
News updates also cover regulatory developments, including Montana electric and natural gas rate reviews, settlements with consumer and large customer groups, Nebraska natural gas rate proceedings, and filings with commissions such as the Montana Public Service Commission and the Southwest Power Pool. Legislative developments, such as Montana wildfire mitigation laws and transmission construction bills, are also discussed for their impact on the company’s risk profile and infrastructure plans.
NorthWestern Energy’s news flow includes information on capital projects and resource adequacy, such as planned generation capacity additions in South Dakota, acquisitions of additional interests in Colstrip Units 3 and 4, and the Yellowstone County Generating Station. The company also reports on acquisitions and customer growth, including the integration of Energy West’s Montana natural gas operations, and on commercial initiatives like letters of intent to serve data centers in Montana.
Corporate and strategic updates, including the pending all-stock merger with Black Hills Corporation, financing transactions, and participation in investor conferences, are also reflected in NWE news. For a fuller picture of how regulatory, financial, and operational developments intersect for this regulated utility, readers can review the ongoing stream of press releases and related disclosures.
NorthWestern Energy (Nasdaq: NWE) has announced it will host its first quarter 2025 financial results webinar on April 30, 2025, at 3:30 p.m. Eastern. The company will release detailed financial results on April 29, 2025, evening.
Additionally, NorthWestern will hold its virtual Annual Shareholders Meeting on April 30, 2025, at 11:00 a.m. Eastern, providing equal participation opportunities for all shareholders regardless of location.
The company currently serves approximately 787,000 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park, providing electricity and natural gas services through its subsidiaries NorthWestern and NorthWestern Energy Public Service
NorthWestern Energy (NWE) reported strong financial results for 2024, with diluted GAAP EPS of $3.65, up from $3.22 in 2023. The company's adjusted non-GAAP EPS reached $3.40, compared to $3.27 in 2023. Net income increased to $224.1 million from $194.1 million in the previous year.
Key developments include: completion of the 175MW Yellowstone County Generating Station, announcement of a $2.7 billion 5-year capital plan (11% increase over prior plan), and agreements to acquire additional Colstrip Units 3 & 4 interests. The company increased its quarterly dividend by 1.5% to $0.66 per share and affirmed its 4-6% long-term EPS growth target.
Earnings were driven by rate review resolutions in Montana and South Dakota, higher electric transmission revenues, and income tax benefits, though partially offset by non-recoverable electric supply costs, mild weather, and increased insurance, depreciation, and interest expenses.
NorthWestern Energy (Nasdaq: NWE) has announced it will host an investor webinar on February 13, 2025, at 3:30 p.m. Eastern to review its financial results for the year ending December 31, 2024. The company will release its detailed financial results on February 12, 2025, evening.
NorthWestern Energy provides electricity and natural gas services to approximately 775,300 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park through its subsidiaries NorthWestern and NorthWestern Energy Public Service The company has maintained operations in South Dakota and Nebraska since 1923 and in Montana since 2002.
NorthWestern Energy (Nasdaq: NWE) has announced plans to provide electric supply service to Atlas Power Group's data center in Butte, Montana. The initial energy supply load is expected to be 75 megawatts starting in 2026, with potential growth of another 75 megawatts in the following 3-5 years.
Atlas Power Group, currently a NorthWestern Energy transmission service customer, will partner with NorthWestern Energy for cost-effective and reliable energy supply. The data center will implement demand response capabilities to support grid reliability. This announcement follows another recent agreement to provide energy service for a different data center developer in Montana.
NorthWestern Energy's ability to serve new customers is strengthened by its recent addition of the Yellowstone County Generating Station and anticipated capacity from the Colstrip Plant starting January 2026.
NorthWestern Energy (Nasdaq: NWE) has signed a letter of intent to provide energy services for new data centers in Montana. The project will begin with a minimum 50 megawatts load in 2027, expanding to 250 megawatts or more by 2029. This development will be part of NorthWestern's regulated business, expected to reduce per-customer operating costs of Montana generation resources.
The company's clean energy portfolio, including hydro, wind, and solar resources, along with recent additions like the Yellowstone County Generating Station and upcoming Colstrip Plant capacity (starting January 2026), positions it to serve both existing and new customers reliably at lower costs. The project is anticipated to create new jobs and expand Montana's tax base.
NorthWestern Energy (Nasdaq: NWE) has announced participation in major transmission projects to expand Montana's grid capacity. The company has signed a memorandum of understanding to acquire 10% (300 megawatts) of the North Plains Connector, a 3,000-megawatt, 420-mile high-voltage direct current transmission line connecting Bismarck, North Dakota, and Colstrip, Montana.
The project, developed by Grid United and ALLETE, is expected to begin construction in 2028 and become operational by 2032. The North Plains Connector will be the first interregional transmission line connecting three energy markets: MISO, SPP, and WECC. Additionally, NorthWestern Energy has entered a letter of intent with Grid United to develop transmission infrastructure in Montana's southwest corridor, enhancing connectivity with Western energy markets.
NorthWestern Energy (Nasdaq: NWE) has elected David L. Goodin to its board of directors, effective December 1, 2024. Goodin brings over 40 years of utility industry experience from MDU Resources Group, where he served as president and CEO until January 2024. The appointment temporarily increases the board to ten members, returning to nine on January 1, 2025, following Tony Clark's planned resignation. Goodin's extensive background includes leadership roles at MDU's Utility Group, Cascade Natural Gas, and various industry boards including Edison Electric Institute and American Gas Association.
NorthWestern Energy reported Q3 2024 net income of $46.8 million ($0.76 per share), up from $29.3 million ($0.48 per share) in Q3 2023. The improved performance was driven by new base rates in Montana and South Dakota, higher electric transmission revenues, and an income tax benefit. The company revised its 2024 non-GAAP EPS guidance to $3.32-$3.47 from $3.42-$3.62 due to delayed Montana interim rate relief. The Yellowstone County Generating Station began serving customers in October 2024, with total costs expected between $310-$320 million. The company declared a quarterly dividend of $0.65 per share.
NorthWestern Energy Group, Inc. (Nasdaq: NWE) has announced plans to host an investor webinar on Wednesday, October 30, 2024, at 3:00 p.m. Eastern to review its financial results for the quarter ending September 30, 2024. The company will issue a news release detailing its financial results on Monday, October 28, 2024 evening.
Investors can register for the webinar at https://northwesternenergy.com/earnings-registration. NorthWestern Energy provides electricity and/or natural gas to approximately 775,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. The company operates through its subsidiaries, NorthWestern and NorthWestern Energy Public Service , focusing on delivering safe, reliable, and innovative energy solutions.
NorthWestern Energy reported its second quarter 2024 GAAP diluted EPS of $0.52, an increase from $0.32 in Q2 2023. Net income rose to $31.7 million from $19.1 million year-over-year.
The company reaffirmed its 2024 earnings guidance of $3.42-$3.62 per diluted share and a $500 million capital investment plan. Additionally, it declared a quarterly dividend of $0.65 per share, payable on September 30, 2024.
Two strategic acquisitions were announced: the $39 million purchase of Energy West Montana's natural gas distribution system and the acquisition of Puget Sound Energy's 370 MW ownership in Colstrip at no cost.
The company also filed rate reviews in Montana, South Dakota, and Nebraska to support ongoing infrastructure investments. The filing includes a base rate increase request of $156.5 million for electric and $28.6 million for natural gas in Montana.
NorthWestern Energy expects no need for equity issuances for its current capital investment plan and targets a long-term EPS growth of 4-6%.
FAQ
What is the current stock price of Northwestern (NWE)?
What is the market cap of Northwestern (NWE)?
