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NorthWestern Energy Reports Second Quarter 2026 Financial Results
Date: Jul 29, 2026
TYPE: News
Category: Investors
- Second Quarter 2026 Diluted GAAP EPS of $0.40, compared to $0.35 in 2025.
- Second Quarter 2026 Adjusted Diluted Non-GAAP EPS of $0.50, compared to $0.40 in 2025.
- Affirms 2026 earnings guidance range of $3.68 to $3.83 per diluted share.
- Affirms record $683 million capital plan for 2026 and 4% to 6% long-term EPS and rate base growth rate.
- Announces $0.67 per share quarterly dividend - payable September 1, 2026.
- Received merger regulatory approval from Nebraska, South Dakota, and the Federal Energy Regulatory Commission (FERC).
BUTTE, MT / SIOUX FALLS, SD - July 29, 2026 - NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the Second Quarter of 2026. Net income for the period was $25.0 million, or $0.40 per diluted share, as compared with net income of $21.2 million, or $0.35 per diluted share, for the same period in 2025. This increase was primarily due to new rates and retail volumes. These were offset in part by operating, administrative, and general costs, including merger-related costs and costs associated with our additional ownership interests in Colstrip Units 3 and 4, depreciation expense, and interest expense.
NorthWestern’s Second Quarter 2026 non-GAAP net income and diluted earnings per share were $31.1 million and $0.50, respectively, compared to $24.1 million and $0.40 in 2025. See “Adjusted Non-GAAP Earnings” and “Non-GAAP Financial Measures” sections below for more information on these measures.
“We are pleased to report solid results for the quarter and exciting progress on the merger,” said President and CEO Brian Bird. “In May, we received merger approval from the Federal Energy Regulatory Commission and the Nebraska Public Service Commission followed by approval from the South Dakota Public Utilities Commission in June. That leaves Montana as the only remaining regulatory approval needed for the merger. A hearing with the Montana Public Service Commission was held in May and we await their final order. In the meantime, we remain focused on executing our strategic priorities, delivering safe, reliable, and affordable service to our customers, and integration planning to position the combined company for long-term success."
Read the full Press Release or visit Financial/Webcasts to learn more.
NorthWestern Energy - Delivering a Bright Future
NorthWestern Energy Group, doing business as 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 850,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Upon the completion of the holding company reorganization in 2023, NW Corp became a subsidiary of NorthWestern Energy Group. Our operations in Montana and Yellowstone National Park are conducted through our subsidiary, NW Corp, and our operations in South Dakota and Nebraska are conducted through our subsidiary, NWE Public Service. 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