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.

NorthWestern Energy has reached an agreement with Avista to enhance on-demand power generation for Montana customers. Effective January 1, 2026, NorthWestern will acquire Avista’s 222 megawatts stake in Colstrip Units 3 & 4 without any purchase price. This deal allows NorthWestern to meet energy demand reliably while avoiding significant costs associated with building new generation resources, estimated at $500 million. During extreme weather in December 2022, the absence of such resources led to high market costs, costing customers significantly. The transaction, part of NorthWestern's cleaner energy strategy, strengthens its commitment to achieving Net Zero Emissions by 2050.

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.