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NorthWestern Reports First Quarter 2025 Financial Results
Date: Apr 29, 2025
TYPE: News
Category: Investors
- First Quarter 2025 Diluted GAAP EPS of $1.25, compared to $1.06 in 2024.
- First Quarter 2025 Adjusted Diluted Non-GAAP EPS of $1.22, compared to $1.09 in 2024.
- Affirms $531 million capital plan for 2025 and 4% to 6% long-term EPS and rate base growth rate.
- Announces $0.66 per share quarterly dividend - payable June 30, 2025.
BUTTE, MT / SIOUX FALLS, SD - April 29, 2025 - NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the first quarter of 2025. Net income for the period was $76.9 million, or $1.25 per diluted share, as compared with net income of $65.1 million, or $1.06 per diluted share, for the same period in 2024. NorthWestern’s first quarter 2025 non-GAAP net income and earnings per share were $75.3 million and $1.22, respectively, compared to $67.2 million and $1.09 in 2024. See “Adjusted Non-GAAP Earnings” and “Non-GAAP Financial Measures” sections below for more information on these measures.
First quarter earnings were driven by new rates in Montana, South Dakota, and Nebraska, higher electric and natural gas retail volumes, higher electric transmission revenues, and higher natural gas transportation revenues. These improvements were partially offset by lower Montana property tax tracker collections and higher depreciation, interest, and operating, administrative, and general expenses.
"We’re pleased with the solid financial and operational results achieved this quarter while continuing to provide safe, reliable, and affordable energy to our customers. We also made great progress in the Montana electric and natural gas rate review by reaching constructive multi-party settlement agreements. If approved, these settlements will allow us to recover increased operating costs and provide an opportunity to earn a fair return on the more than $4.2 billion of energy assets serving our customers and communities,” said Brian Bird, President & Chief Executive Officer.
“On the legislative front, we achieved a major milestone with the Montana Legislature passing House Bill 490. This new legislation, awaiting Governor Gianforte's signature, will clarify and limit wildfire-related liabilities, allowing significantly more certainty in managing the risks that come with owning and operating critical energy infrastructure across Montana. Together, the progress on the rate reviews and the passage of wildfire legislation are critical to positioning NorthWestern as a strong energy partner in the states we serve.”
Read the full Press Release or visit Financial/Webcasts to learn more.
NorthWestern Energy - Delivering a Bright Future
NorthWestern Energy provides essential energy infrastructure and valuable services that enrich lives and empower communities while serving as long-term partners to our customers and communities. We work to deliver safe, reliable, and innovative energy solutions that create value for customers, communities, employees, and investors. We do this by providing low-cost and reliable service performed by highly-adaptable and skilled employees. We provide electricity and / or natural gas to approximately 775,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Our operations in Montana and Yellowstone National Park are conducted through our subsidiary, NorthWestern Corporation, and our operations in South Dakota and Nebraska are conducted through our subsidiary, NorthWestern Energy Public Service Corporation. We have provided service in South Dakota and Nebraska since 1923 and in Montana since 2002.
Investor Relations Contact:
Travis Meyer
(605) 978-2967
Media Contact:
Jo Dee Black
866-622-8081