Utility affirmed 2026 adjusted EPS guidance and said only Montana approval remains for its Black Hills merger, while detailing quarterly earnings, capital spending plans, dividend timing changes, and regulatory updates across Montana and South Dakota.
NorthWestern Energy reported second-quarter 2026 net income of $25.0 million, or $0.40 per diluted share, up from $21.2 million, or $0.35 per diluted share, a year earlier, while adjusted non-GAAP earnings rose to $31.1 million, or $0.50 per diluted share, from $24.1 million, or $0.40. The company said new rates and retail volumes lifted results, partly offset by higher operating, administrative and general expenses, including merger-related costs and costs tied to its increased Colstrip ownership, as well as higher depreciation and interest expense. NorthWestern reaffirmed 2026 non-GAAP EPS guidance of $3.68 to $3.83, its 4% to 6% long-term diluted EPS growth target, and its $3.2 billion capital plan for 2026-2030, including a record $683 million for 2026. It said approvals for its all-stock merger of equals with Black Hills have been received from FERC, Nebraska and South Dakota, with Montana Public Service Commission approval still pending and closing still expected by year-end 2026, subject to closing conditions.