Quarterly ResultApr 30, 2026, 11:26 AM
NWE Q1 GAAP EPS $1.03, Adj. EPS $1.31; Affirms 2026 Guidance; Merger Progress
AI Summary
NorthWestern Energy Group reported Q1 2026 GAAP diluted EPS of $1.03, down from $1.25 in 2025, primarily due to retail volumes and increased operating costs. Adjusted diluted non-GAAP EPS rose to $1.31 from $1.22. The company affirmed its 2026 earnings guidance of $3.68 to $3.83 per diluted share and its $683 million capital plan. Significant progress was made on the merger with Black Hills, including shareholder approvals and settlement agreements with key intervenors, targeting a second-half 2026 closing. A quarterly dividend of $0.67 per share was also declared.
Key Highlights
- Shareholders of NWE and Black Hills approved merger proposals, targeting H2 2026 closing.
- Q1 2026 GAAP diluted EPS was $1.03, down from $1.25 in Q1 2025.
- Q1 2026 Adjusted diluted non-GAAP EPS was $1.31, up from $1.22 in Q1 2025.
- Affirmed 2026 earnings guidance range of $3.68 to $3.83 per diluted share.
- Declared a quarterly common stock dividend of $0.67 per share, payable June 30, 2026.
- Q1 2026 net income was $63.5 million, compared to $76.9 million in Q1 2025.
- Consolidated utility margin increased 7.2% to $352.0 million in Q1 2026.
- Priced $150.0 million South Dakota First Mortgage Bonds at 5.51% maturing June 15, 2036.
Price Impact
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