NorthWestern Energy Group, Inc. reported second-quarter 2026 results with revenue of $392.6M, up from $342.71M a year earlier, and diluted EPS of $0.4 versus $0.35 in the prior-year quarter. Net income rose to $24.99M from $21.23M as the utility benefited from higher retail volumes and new rates.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$392.6M$342.71M14.6% | Net income²$24.99M$21.23M17.7% | Diluted EPS³$0.4$0.3514.3% |
¹ Reported as “Total Revenues”. ² Reported as “Net Income”. ³ Reported as “Diluted Earnings per Average Common Share”.
Business Highlights
- Utility margin grew 13.2% year over year in the quarter, driven by newly authorized rates and higher retail electric and gas volumes.
- The company acquired interests in Colstrip Units 3–4 effective Jan. 1, 2026, increasing owned generation and wholesale sales capacity.
- NorthWestern is pursuing a Large New Load tariff and data center development agreements that target up to ~1,500 MW by 2030.
- Year-to-date capital spending totaled $304.8M to support grid upgrades, Colstrip integration and development of a 131 MW Aberdeen gas plant (SPP filing).
- Regulatory items include a Montana PCCAM suspension and ongoing MPSC proceedings affecting recovery timing, plus FERC approvals and appeals related to Puget interest contracts.
Original SEC Filing:
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