NorthWestern Energy Group Inc
NWE
ISIN US6680743050 / Valor 1988893
NorthWestern Energy Group Inc
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About company
NorthWestern Energy Group Inc is a utility company that has been providing electricity and natural gas to customers in parts of the United States for over a century. The company operates primarily in the western two-thirds of Montana, eastern South Dakota, and Nebraska, and also supplies electricity to Yellowstone National Park. NorthWestern Energy owns and manages a diverse mix of energy generation resources, including wind, water, natural gas, and coal-fired plants, alongside a high-voltage electric transmission and distribution system, and natural gas production, transmission, and distribution systems. Serving approximately 775,300 customers across its service territories, the company is committed to delivering safe, reliable, and innovative energy solutions. With a workforce of 1,573 employees, NorthWestern Energy emphasizes its role in community engagement through charitable donations and support, contributing nearly $2 million in 2023 to various initiatives.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Net Income
NorthWestern Energy Group Inc. reported a net income of $31.7 million for the second quarter of 2024, translating to $0.52 per diluted share. This marks a significant increase from the net income of $19.1 million, or $0.32 per diluted share, reported for the same period in 2023.
Revenue Growth
The increase in net income for NorthWestern Energy Group Inc. in the second quarter of 2024 was primarily driven by new base rates in Montana and South Dakota, higher electric transmission revenues, and increased electric and natural gas retail volumes. These positive factors were partially offset by higher operating, administrative, and general costs.
Adjusted Earnings
NorthWestern Energy Group Inc. reported adjusted non-GAAP diluted earnings per share of $0.53 for the second quarter of 2024, compared to $0.35 for the same period in 2023. This adjustment reflects the company's efforts to provide a clearer picture of its financial performance by excluding certain non-recurring items.
2024 Earnings Guidance
NorthWestern Energy Group Inc. has affirmed its 2024 diluted earnings guidance of $3.42 to $3.62 per diluted share. The company also reiterated its $500 million capital investment plan for the year, emphasizing its commitment to long-term growth and infrastructure development.
Dividend Announcement
NorthWestern Energy Group Inc.'s Board of Directors declared a quarterly common stock dividend of $0.65 per share, payable on September 30, 2024, to shareholders of record as of September 13, 2024. The company aims to maintain a dividend payout ratio within a targeted range of 60-70% over the long term.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3234 M
Market cap (USD)
63,486
Daily traded volume (Shares)
53.215 / 52.72
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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