Northwestern Corp Stock Price, News & Analysis

NorthWestern Energy (Nasdaq: NWE) will host an investor webinar on February 17, 2023, at 3:30 p.m. Eastern to discuss its financial results for the year ending December 31, 2022. The company will release these results the evening prior, on February 16, 2023. Stakeholders can register for the event through its website. NorthWestern Energy serves approximately 753,600 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park, focusing on reliable energy solutions.

NorthWestern Corporation (NWE) reported a Q3 2022 net income of $27.4 million ($0.47/share), down from $35.2 million ($0.68/share) in Q3 2021, attributed to reduced utility margins and increased expenses. Revenue rose to $335.1 million, compared to $326.0 million last year. The company narrowed its 2022 earnings guidance to $3.20-$3.35/share. Despite challenges, including a decrease in commercial customer demand and rising costs, NWE remains committed to its $582 million capital plan and declared a dividend of $0.63/share payable December 30, 2022.

NorthWestern Corporation, operating as NorthWestern Energy (Nasdaq: NWE), will host an investor webinar on October 25, 2022, at 3:30 PM EDT to discuss its financial results for Q3 2022. A detailed release of these results will be issued on October 24, 2022, following market close. The company serves approximately 753,600 customers across Montana, South Dakota, and Nebraska, providing essential energy infrastructure and services aimed at delivering safe and reliable solutions that benefit communities and stakeholders.

NorthWestern Energy (Nasdaq: NWE) announced executive changes effective January 1, 2023, following Heather Grahame's retirement as general counsel. Shannon Heim has been appointed as vice president and general counsel, while Cyndee Fang will serve as vice president - regulatory. Additionally, Curt Pohl will transition to a new role focusing on asset management, succeeded by Jason Merkel as vice president - distribution. CEO Bob Rowe praised the new appointments, highlighting the fresh perspectives and extensive experience they bring to the company.

NorthWestern Corporation, also known as NorthWestern Energy (Nasdaq: NWE), has announced the election of Kent T. Larson to its board of directors, effective immediately. Larson brings over 38 years of experience in the utility sector, having previously served as executive vice president at Xcel Energy, overseeing $45 billion in assets and 8,000 employees. His expertise in utility operations is expected to enhance the board's strength and governance. With this addition, the board now comprises nine members, with only the CEO being a company employee.

NorthWestern Energy announced the retirement of CEO Bob Rowe at the end of 2022, with Brian B. Bird stepping in as his successor from January 1, 2023. This leadership transition follows a planned process initiated in February 2021. Rowe highlighted the company’s focus on building a financially sound organization, while Bird aims to enhance infrastructure and environmental sustainability. Under Rowe’s leadership, NorthWestern’s energy infrastructure grew from $2.5 billion in 2008 to over $7 billion in 2022, reflecting a threefold increase in company value.

NorthWestern Corporation (NWE) reported a net income of $29.8 million, or $0.54 per diluted share for Q2 2022, down from $37.2 million, or $0.72 per diluted share in Q2 2021. The drop is attributed to higher operating costs and less favorable electric QF liability adjustments.

Despite the decrease in income, NWE affirms its earnings guidance for 2022 at $3.20 - $3.40 per diluted share, and it remains on track with a $582 million capital plan. A quarterly dividend of $0.63 per share will be paid on September 30, 2022.

NorthWestern Corporation, trading as NorthWestern Energy (NWE), has announced an investor webinar planned for July 28, 2022, at 3:30 PM EDT. This event aims to discuss the company's financial results for the quarter ending June 30, 2022. A detailed news release covering these results will be issued on July 27, 2022, following the market close. NorthWestern Energy serves approximately 753,600 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park, focusing on safe and reliable energy services.

NorthWestern Corporation (NWE) reported Q1 2022 earnings with a diluted EPS of $1.08, down from $1.24 in Q1 2021. Net income reached $59.1 million, reflecting a decline due to reduced natural gas sales in Montana and Nebraska, alongside increased operating costs and taxes. Despite these challenges, the utility maintains its 2022 earnings guidance of $3.20 - $3.40 per diluted share and announced a quarterly dividend of $0.63. Noteworthy projects include a 175 MW generating station underway in Yellowstone County, expected to enhance capacity and support renewable energy integration.