earnings
confidence high
sentiment positive
materiality 0.60
NorthWestern Energy Q1 GAAP EPS $1.06 up from $1.05; affirms 2024 guidance, declares $0.65 dividend
NorthWestern Energy Group, Inc.
2024-Q1 EPS reported
$1.06
revenue$475,342,000
- GAAP diluted EPS $1.06 vs $1.05 in Q1 2023; net income $65.1M up from $62.5M.
- Adjusted non-GAAP diluted EPS $1.09 vs $1.05; driven by new MT & SD base rates.
- Affirms 2024 earnings guidance and $500M capital plan; 175 MW Yellowstone County plant on track.
- Quarterly dividend of $0.65/share declared, payable June 28, 2024.
- Higher transmission revenues and property tax tracker offset lower electric/gas volumes and higher costs.