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NorthWestern Energy Group (NWE) investor relations material
NorthWestern Energy Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 GAAP diluted EPS was $0.50 versus $0.62 YoY; adjusted EPS was $0.58 versus $0.79, and net income fell to $30.7M from $38.2M.
Colstrip ownership costs, depreciation and interest pressured earnings; 2026 adjusted EPS guidance of $3.68–$3.83 and long-term EPS and rate-base growth targets of 4%–6% were affirmed.
Financial highlights
Q3 revenue was $423.8M versus $387.0M; operating income was $74.6M versus $80.3M, and utility margin rose 5.5% to $316.5M.
Q3 adjusted net income was $35.6M versus $48.4M; adjusted diluted EPS was $0.58 versus $0.79.
Nine-month revenue was $1.314B versus $1.196B; net income was $119.2M versus $136.4M, and utility margin rose to $971.3M from $895.9M.
Nine-month adjusted net income was $147.3M versus $147.9M; adjusted EPS was $2.39 versus $2.41.
Outlook and guidance
Affirmed 2026 adjusted EPS guidance of $3.68–$3.83, with results expected in the lower half; assumptions include normal weather, 14%–18% tax rate, ~61.8M diluted shares and sufficient Colstrip cost recovery.
Long-term standalone EPS and rate-base growth targets remain 4%–6%; combined-company EPS growth target is 5%–7%.
The 2026–2030 capital plan totals $3.207B; an updated capital forecast is expected in early 2027.
Merger closing is anticipated by year-end 2026, subject to remaining conditions and satisfactory Montana PSC approval.
- Adjusted EPS rose 2.8% to $3.27; 2024 guidance remains $3.42–$3.62.NWE
Q4 2023 - Q2 2026 EPS and net income rose, merger advanced, and capital plan reaffirmed.NWE
Q2 2026 - Poised for growth with a major merger, strong capital plan, and industry-leading reliability.NWE
Investor presentation - Annual meeting to vote on directors, auditor, and executive pay, with strong governance and ESG focus.NWE
Proxy filing - Annual meeting to elect directors, ratify auditor, and approve executive pay, all board-backed.NWE
Proxy filing - Shareholders to vote on an all-stock merger creating a diversified utility with expanded scale.NWE
Proxy filing - Transformational merger, strong governance, and performance-based executive pay highlight the year.NWE
Proxy filing - Q1 2025 EPS up 17.9%, net income $76.9M, margin up 9.2%, with strong liquidity and regulatory progress.NWE
Q1 2025 - 2024 EPS and net income rose, $2.74B capital plan and new data center deals drive growth.NWE
Q4 2024
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Next NorthWestern Energy Group earnings date
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