Northwestern Corp Stock Price, News & Analysis

On April 7, 2023, NorthWestern Corporation (Nasdaq: NWE) announced that a Montana District Court upheld most of the Montana Department of Environmental Quality's (DEQ) air quality permit for the Yellowstone County Generating Station. However, the court vacated the permit due to two limited issues, prompting the company to seek a stay and appeal the decision. NorthWestern Energy emphasizes its commitment to providing reliable energy services, stating that the ruling could jeopardize the energy supply during peak demand. The Yellowstone County Generating Station aims to enhance energy availability at competitive rates, particularly during high-demand periods. NorthWestern relies significantly on the energy market, which may face deficits without new capacity investments.

NorthWestern Corporation, trading as NorthWestern Energy (Nasdaq: NWE), is set to host an investor webinar on April 28, 2023, at 3:30 p.m. Eastern, to discuss its financial results for Q1 2023. A detailed release of these results will be issued on the evening of April 27, 2023. The company also announced its virtual Annual Stockholders Meeting on April 28, 2023, at 12:00 p.m. Eastern Daylight Time. This meeting allows shareholders to participate easily and at no cost, ensuring equal rights and opportunities for all attendees. NorthWestern Energy delivers reliable electricity and natural gas to approximately 764,200 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park, showcasing its commitment to safe and innovative energy solutions.

NorthWestern Corporation (Nasdaq: NWE) has reached a settlement in its Montana regulatory review concerning electric and natural gas rates, pending approval from the Montana Public Service Commission (MPSC). The agreement, involving parties like the Montana Consumer Counsel and Walmart, proposes an increase in annual electric revenues by $67.4 million and natural gas revenues by $14.1 million. It maintains authorized returns on equity at 9.65% for electric and 9.55% for natural gas operations. NorthWestern has invested over $835 million in electric and $267 million in natural gas infrastructure since last rate adjustments.

NorthWestern Energy (NWE) reported a GAAP diluted EPS of $3.25 for 2022, a decrease from $3.60 in 2021. Net income fell to $183.0 million from $186.8 million, primarily due to increased operating and interest expenses, lower transmission revenues, and higher non-recoverable electric supply costs in Montana. The company announced a $510 million capital plan for 2023 and a quarterly dividend increase of 1.6% to $0.64 per share, payable on March 31, 2023. Despite challenges, NWE saw revenue growth due to higher retail volumes driven by favorable weather and customer growth. Non-GAAP adjusted EPS was $3.18, slightly below previous guidance of $3.20-$3.35.