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NorthWestern Reports Third Quarter 2023 Financial Results
Date: Oct 26, 2023
Company reports GAAP diluted earnings per share of $0.48 for the quarter; affirms $510 million capital plan for 2023; initiates earnings guidance for 2023 and 2024 and increases long-term earnings per share growth to 4% to 6% from a 2022 adjusted base year; and announces a $0.64 per share quarterly dividend payable December 29, 2023
BUTTE, MT / SIOUX FALLS, SD - October 26, 2023 - NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the three months ended September 30, 2023. Net income for the period was $29.3 million, or $0.48 per diluted share, as compared with net income of $27.4 million, or $0.47 per diluted share, for the same period in 2022.
“Our entire team is focused on serving customers with reliable, affordable power, and managing our costs, while we make investments in critical infrastructure and support the growth in our jurisdictions,” said Brian Bird, President and CEO. “This week’s approval of our settlement in Montana provides a solid foundation as we continue execution of our plan. With that, we are announcing an increase to our longterm EPS growth to 4% to 6% and initiating 2023 and 2024 EPS guidance.”