Northwestern Corp Stock Price, News & Analysis

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.

NorthWestern Corporation (Nasdaq: NWE) reported a strong financial performance for 2021, with a GAAP diluted earnings per share of $3.60, up from $3.06 in 2020. The net income reached $186.8 million, benefiting from higher transmission loads and favorable weather conditions. The company also announced a 1.6% increase in quarterly dividends to $0.63 per share. Non-GAAP adjusted earnings per share were $3.51, above the $3.43 - $3.58 guidance. However, higher operating costs and income tax expenses were noted as challenges.

NorthWestern Corporation (Nasdaq: NWE) will host an investor webinar on February 14, 2022, to discuss its financial results for the year ending December 31, 2021. A news release detailing these results is scheduled for February 10, 2022. The company provides essential energy services to approximately 743,000 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park, focusing on safe, reliable energy solutions.

NorthWestern Corporation, trading as NorthWestern Energy (NWE), has announced a public offering of 6,074,767 shares of its common stock at $53.50 per share. The offering includes 1,401,869 shares sold directly and 4,672,898 shares borrowed for sale through a forward sale agreement. The company intends to use proceeds for capital expenditures, debt repayment, and general corporate purposes. The settlement for the forward sale agreement will occur within 15 months, with initial proceeds per share set at $51.8950. BofA Securities and J.P. Morgan are the lead managers for this offering.