MergerApr 30, 2026, 06:12 AM
NWE Q1 Revenue +6.6% to $497.6M; Net Income -17.5%; Black Hills Merger Update
AI Summary
NorthWestern Energy Group, Inc. reported that shareholders of both NWE and Black Hills Corporation approved their pending all-stock merger in April 2026, with the transaction anticipated to close in the second half of 2026, subject to regulatory approvals. For Q1 2026, NWE's total revenues increased 6.6% to $497.6 million, while net income decreased 17.5% to $63.5 million, and basic EPS fell to $1.03. The company also incurred $3.4 million in merger-related costs and provided updates on regulatory matters, including the acquisition of Colstrip Units 3 and 4 interests and a new bond issuance.
Key Highlights
- NWE shareholders approved the pending all-stock merger with Black Hills Corporation in April 2026.
- Q1 2026 total revenues increased 6.6% to $497.6 million from $466.6 million in Q1 2025.
- Q1 2026 net income decreased 17.5% to $63.5 million from $76.9 million in Q1 2025.
- Q1 2026 basic earnings per share was $1.03, down from $1.25 in Q1 2025.
- Dividends declared per common share increased to $0.67 in Q1 2026 from $0.66 in Q1 2025.
- Incurred $3.4 million in merger-related costs during the first three months of 2026.
- Acquired Avista and Puget interests in Colstrip Units 3 and 4 on January 1, 2026.
- NWE Public Service priced $150.0 million of 5.51% South Dakota First Mortgage Bonds due June 15, 2036.