Northwestern Corp Stock Price, News & Analysis

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.

NorthWestern Corporation, operating as NorthWestern Energy (Nasdaq: NWE), is initiating a registered public offering of up to $325 million in common stock. This offering includes approximately $75 million directly from the company and $250 million through a forward sale agreement. The underwriters may acquire an additional $48.75 million in shares. Proceeds will be allocated towards capital expenditures, debt repayment, and general corporate purposes. The offering is subject to market conditions and will be facilitated by BofA Securities and J.P. Morgan.

NorthWestern Energy (NWE) reported GAAP diluted EPS of $0.68 for Q3 2021, up from $0.58 in Q3 2020. Net income rose to $35.2 million, driven by increased Montana transmission loads and warmer weather. However, higher operating costs, inflationary pressures, and increased tax expenses tempered growth. The company has affirmed its 2021 earnings guidance of $3.43 - $3.58 per diluted share and declared a $0.62 dividend payable on December 31, 2021. Notably, challenges include a lawsuit regarding the Laurel Generating Station project and supply chain issues impacting construction plans.

NorthWestern Corporation (Nasdaq: NWE) plans to hold an investor conference call and webinar on October 25, 2021, at 3:30 p.m. Eastern Time to discuss its financial results for Q3 2021. A news release detailing these results will be issued on the evening of October 24, 2021. The company serves approximately 743,000 customers across Montana, South Dakota, Nebraska, and Yellowstone National Park, focusing on delivering safe and reliable energy solutions. Registration for the webinar is available on their website.

NorthWestern Energy (Nasdaq: NWE) is expediting the construction of the 175-megawatt Laurel Generating Station, aiming for completion before the 2023-2024 winter season. Due to ongoing supply chain disruptions and rising labor costs from the COVID-19 pandemic, the company will withdraw its application for PSC approval, seeking flexibility to expedite operations. The Laurel Station is crucial for addressing peak capacity shortages in Montana amidst high market prices for energy. NorthWestern also plans to file for a general rate review after the station's completion.

NorthWestern Energy, owning a 10% stake in the Coyote Generating Station in Beulah, North Dakota, highlights its importance for 63,900 customers in South Dakota. Recent filings from Otter Tail Power Company indicate plans to withdraw ownership by 2028, questioning the plant's future. The Coyote Generating Station remains vital for energy reliability during extreme weather events. NorthWestern Energy is proactively assessing the plant's long-term value, which will be detailed in its upcoming South Dakota Energy Resource Procurement Plan due in late 2022.