NorthWestern Energy Q2 adjusted EPS beats on new rates, retail volumes

NorthWestern Energy

30/07/2026 24:13

Overview
U.S. regulated utility's Q2 revenue rose 15% yr/yr on new rates and retail volumes
Q2 adjusted EPS beat analyst expectations, rising to $0.50 from $0.40 last year
Company affirms 2026 earnings guidance and reports progress on Black Hills merger approvals

Outlook
NorthWestern affirms 2026 non-GAAP EPS guidance of $3.68-$3.83 per diluted share
Company maintains long-term EPS growth guidance of 4%-6% from 2024 baseline
NorthWestern affirms $3.2 bln capital investment plan for 2026-2030

Result Drivers
NEW RATES AND RETAIL VOLUMES - Co said higher revenue and margin were primarily due to new rates and increased retail volumes
COLSTRIP INTERESTS - Additional electric margin from the acquisition of Colstrip Puget Interests contributed to results
HIGHER OPERATING COSTS - Results were partly offset by higher operating, administrative, and general costs, including merger-related costs and costs tied to Colstrip Units 3 and 4, and increased depreciation

Company press release: ID:nBw1z8nrza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$392.60 mln
$380.60 mln (2 Analysts)
Q2 Adjusted EPS
Beat
$0.50
$0.44 (6 Analysts)
Q2 EPS
 
$0.40
 
Q2 Net Income
 
$25 mln
 
Q2 Operating Expenses
 
$328.40 mln
 
Q2 Operating Income
 
$64.20 mln
 
Q2 Pretax Profit
 
$28.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "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 $73.00, about 3.4% above its July 29 closing price of $70.61
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
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July 28 - Expand Energy tops profit estimates as higher output offsets lower gas prices
July 28 - CMS Energy Q2 revenue misses estimates; maintains long-term adjusted EPS growth target

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(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.)