
• Reported GAAP EPS of $1.03 down -17.60% YoY • Reported revenue of $497.57M up 6.63% YoY • Northwestern Energy affirmed its 2026 non-GAAP earnings guidance of $3.68 to $3.83 per diluted share and a $3.2 billion capital investment plan for 2026-2030, supporting 4% to 6% long-term EPS and rate base growth.
Bullish
Northwestern Energy advanced its merger with shareholder approvals and key settlements, while strategically developing new load infrastructure and benefiting from South Dakota's wildfire risk mitigation legislation.
Bearish
Northwestern Energy's Q1 GAAP EPS declined due to lower retail volumes and increased operating costs, compounded by regulatory disallowances and higher interest expenses from increased borrowings.