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 Energy (NWE) reported Q1 2021 net income of $63.1 million, or $1.24 per diluted share, up from $50.7 million in Q1 2020. This growth was driven by improved gross margins from colder weather and reduced operational costs, despite higher electric supply costs. The company declared a quarterly dividend of $0.62, payable June 30, 2021, and affirmed its 2021 earnings guidance of $3.40 - $3.60 per share. Challenges include a projected 630 MW energy capacity deficit in Montana and regulatory scrutiny following the February cold weather event, impacting natural gas and electricity prices.
NorthWestern Energy has finalized contracts to acquire 325 megawatts of dispatchable capacity resources, addressing its capacity deficit in Montana. This includes a new 175 megawatt natural gas plant, a pending 50 megawatt battery storage project, and a 100 megawatt hydroelectric power purchase agreement. The Laurel Generating Station, expected to be operational by January 2024, will provide reliable energy during high demand periods. These initiatives aim to enhance energy reliability and support the company's goal of reducing carbon intensity by 90% by 2045.
NorthWestern Corporation (Nasdaq: NWE) has announced an upcoming investor conference call to discuss its financial results for Q1 2021. The call is scheduled for April 22, 2021, at 3:00 p.m. EDT, following the release of their financial report on the evening of April 21. The company aims to enhance shareholder engagement through this virtual meeting, allowing participation from all stockholders.
NorthWestern Energy serves approximately 743,000 customers across multiple states, emphasizing its commitment to providing reliable energy solutions.
NorthWestern Corporation (NWE) reported a GAAP diluted EPS of $3.06 for 2020, down from $3.98 in 2019, with a net income of $155.2 million, a decrease of $46.9 million. The decline is attributed to a prior period tax benefit and lower gross margins due to warmer weather and the COVID-19 pandemic. Despite this, the company announced a 3.3% increase in its quarterly dividend to $0.62, payable March 31, 2021. NWE maintains its 2021 earnings guidance of $3.30-$3.45 per share, projecting significant capital investments in generation projects and efficiency improvements.
NorthWestern Energy announces key leadership changes effective February 15, 2021. Brian Bird will become the new president and chief operating officer, overseeing operations including electric and natural gas services. Crystal Lail is appointed chief financial officer, transitioning from chief accounting officer. Jeanne Vold takes on the role of vice president – technology. Board members Stephen Adik and Julia Johnson will retire after the annual shareholder meeting on April 22, 2021, with Dana Dykhouse stepping in as chair. These transitions reflect a commitment to succession planning and continuity.
NorthWestern Corporation, also known as NorthWestern Energy (Nasdaq: NWE), will host a webcast on February 12, 2021, at 3:30 p.m. ET to discuss its financial results for the year ending December 31, 2020. A news release detailing these results will be issued on February 11, 2021, after the market closes. Investors can access the webcast on the company’s website. NorthWestern Energy serves approximately 734,800 customers across Montana, South Dakota, and Nebraska, providing electricity and natural gas services.
NorthWestern Energy has terminated its agreement to purchase 92.5 megawatts of capacity from Colstrip Unit 4 due to regulatory opposition. The Washington Utilities and Transportation Commission criticized the deal for favoring Montana customers over Washington's, reducing the likelihood of approval. This decision poses a challenge for NorthWestern, which faces a peak demand shortfall of approximately 365 megawatts in a shrinking market. NorthWestern has now increased urgency in securing additional capacity, with a request for proposals for 280 megawatts to serve its customers by 2023.
NorthWestern Energy (Nasdaq: NWE) faced a setback as the Montana Public Service Commission imposed a $5.7 million penalty on its Colstrip operations through the Power Costs and Credits Adjustment Mechanism (PCCAM). This decision complicates the company's efforts to acquire additional interest in Colstrip Unit 4 for $0.50, amidst a growing capacity shortage. Additionally, the Commission disallowed $3.8 million in costs related to regulatory changes in the PCCAM. NorthWestern plans to review the Commission's written order for further insights.
NorthWestern Corporation (NWE) reported a net income of $29.5 million ($0.58/share) for Q3 2020, up from $21.7 million ($0.42/share) year-over-year. This increase was driven by a higher gross margin and reduced operational costs, although partially offset by increased depreciation expenses. Revenues rose to $280.6 million from $274.8 million. The company remains impacted by COVID-19, particularly in commercial revenues, but has seen resilience through improved retail customer growth and favorable weather conditions.
NorthWestern Energy (Nasdaq: NWE) will host an investor conference call and webcast on October 22, 2020, at 3:30 p.m. Eastern time to discuss its financial results for the quarter ending September 30, 2020. A news release detailing these results will be issued on October 21, 2020, after market close. The call will be accessible via NorthWestern Energy's website and will remain archived for one year. NorthWestern Energy serves about 734,800 customers in Montana, South Dakota, and Nebraska.
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