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Stock impact report

NorthWestern Reports First Quarter 2022 Financial Results

NorthWestern Energy Group, Inc. (NWE) 
Last northwestern energy group, inc. earnings: 4/22 06:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
BUTTE, Mont. and SIOUX FALLS, S.D., April 28, 2022 (GLOBE NEWSWIRE) -- NorthWestern Corporation d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the three months ended March 31, 2022. Net income for the period was $59.1 million, or $1.08 per diluted share, as compared with net income of $63.1 million, or $1.24 per diluted share, for the same period in 2021. This $4.0 million decrease was primarily driven by lower Montana and Nebraska residential natural gas volumes, higher operating costs, and higher income tax expense. These unfavorable items were partly offset by higher Montana electric transmission revenue and electric retail volumes. “Earnings for the quarter were in line with expectations and we remain confident in our communicated earnings guidance for the year. We are on track for the single largest year of capital work in NorthWestern’s history while continuing to deliver solid safety and system reliability,” said Bob Rowe, Chief Executive Officer. “Si Show less Read more
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