| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 392.60 | 21.1% | 14.6% |
| Total Income | 392.60 | 21.1% | 14.6% |
| Expenditure | 328.35 | 14.4% | 16.5% |
| PBT | 28.46 | 63.2% | 15.6% |
| Net Profit | 24.99 | 60.6% | 17.7% |
| OPM | 16.36% | 6.57pp | 1.37pp |
| NPM | 6.37% | 6.39pp | 0.17pp |
| EPS | 0.41 | 60.2% | 17.1% |
NorthWestern Energy Reports Second Quarter 2026 Financial Results
30 Jul 2026 · 30 Jul, 4:46 pm
Summary
NorthWestern Energy reported solid financial results for the second quarter of 2026, with Diluted GAAP EPS of $0.40 and Adjusted Diluted Non-GAAP EPS of $0.50, showing increases from the prior year. The company affirmed its full-year 2026 earnings guidance and its long-term growth targets for EPS and rate base. Significant progress was made on the merger with Black Hills Corporation, with key regulatory approvals secured from Nebraska, South Dakota, and FERC, leaving Montana as the final regulatory hurdle.
Key Highlights
- 1
Second Quarter 2026 Diluted GAAP EPS was $0.40, an increase from $0.35 in the prior year.
- 2
Adjusted Diluted Non-GAAP EPS for the Second Quarter of 2026 was $0.50, up from $0.40 in 2025.
- 3
The company affirmed its 2026 earnings guidance range of $3.68 to $3.83 per diluted share.
- 4
NorthWestern Energy affirmed its record $683 million capital plan for 2026 and long-term EPS and rate base growth rates of 4% to 6%.
- 5
A quarterly dividend of $0.67 per share was announced, payable on September 1, 2026.
- 6
Regulatory approval for the merger was received from Nebraska, South Dakota, and the Federal Energy Regulatory Commission (FERC).
Management Comments
Brian Bird
We are pleased to report solid results for the quarter and exciting progress on the merger. 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.
Informational and educational content only. Not investment advice.