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 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.
NorthWestern Corporation, operating as NorthWestern Energy (Nasdaq: NWE), will host an investor webinar on April 29, 2022, at 2:30 p.m. EDT to discuss its financial results for Q1 2022, following a news release scheduled for April 28, 2022, after market close.
The company also announced its virtual Annual Stockholders Meeting on April 29, 2022, at 12:00 p.m. EDT, allowing widespread participation for stockholders. The meeting will be accessible via the specified web links, with additional information available on the NorthWestern Energy website.
NorthWestern Energy (Nasdaq: NWE) has announced its goal to achieve net zero carbon emissions by 2050. The company's electric generation portfolio supplied approximately 56% carbon-free energy in 2021, exceeding the utility average of 40%. Investments in reducing methane emissions, improving grid efficiency, and transitioning to renewables are pivotal to this goal. The commitment builds on their 2019 target to cut carbon intensity by 90% by 2045. The initiative necessitates support from policies and regulatory frameworks.
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