NorthWestern's Q4 adjusted EPS misses estimates

NorthWestern Energy

12/02/2026 01:21

Overview

U.S. utility's Q4 adj EPS of $1.17 missed analyst expectations

Company announced $3.2 bln 5-year capital plan, a 17% increase over prior plan

FY2025 net income falls from FY2024

Outlook

NorthWestern announces 2026 earnings guidance of $3.68 to $3.83 per diluted share

Company affirms long-term EPS growth rate of 4% to 6%

NorthWestern announces $3.2 bln capital plan for 2026-2030

Result Drivers

OPERATING EXPENSES - Higher operating expenses, including a non-cash charge for regulatory disallowance, merger-related costs, and increased depreciation, impacted FY2025 net income

RATE INCREASES - Higher rates, electric transmission revenue, and natural gas transportation revenues partly offset the decrease in net income

STRATEGIC INITIATIVES - Energy West acquisition and merger agreement with Black Hills Corporation marked significant strategic moves

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Miss
$1.17
$1.19 (7 Analysts)
FY2025 EPS
$2.94
FY2025 Net Income
$181.10 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for NorthWestern Energy Group Inc is $62.50, about 8.7% below its February 11 closing price of $68.45

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw262vpla

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)