NorthWestern Energy reports Q4 adjusted EPS $1.38, consensus $1.17

“We are pleased to deliver earnings that exceeded our recently communicated expectations for 2023 during what was otherwise an incredibly productive year,” said Brian Bird, President & Chief Executive Officer. “We remain committed to providing our customers with reliable, affordable and sustainable energy while operating a financially sound utility. Doing so requires adjusting customer rates on occasion to reflect the cost of providing that service. During the year, we worked closely with commission staffs and intervening parties to reach constructive resolutions in our Montana and South Dakota rate reviews. Building upon the thousands of pages of pre-filed testimony, hundreds of data responses, public input and two very well-run and robust public hearings, the respective Commissioners unanimously supported the settlements. We view both outcomes as striking a fair balance between mitigating impacts on our customers’ rates and ensuring our financial health as a provider of critical energy infrastructure services. The increase in rates resulting from our Montana rate review was a primary driver of our improvement in net income for 2023. The new rates in South Dakota went into effect January 10th, 2024.”