NorthWestern Energy Group Inc. has reported its financial results for the first quarter of 2025. The company achieved a net income of $76.9 million, or $1.25 per diluted share, an increase from the $65.1 million, or $1.06 per diluted share, recorded in the same period in 2024. On a non-GAAP basis, NorthWestern's net income was $75.3 million, with earnings per share at $1.22, compared to $67.2 million and $1.09, respectively, in the previous year. The first quarter performance was bolstered by new rates in Montana, South Dakota, and Nebraska, along with higher electric and natural gas retail volumes, increased electric transmission revenues, and elevated natural gas transportation revenues. However, these gains were partially mitigated by reduced Montana property tax tracker collections and increased depreciation, interest, and operating, administrative, and general expenses. In addition to the financial results, NorthWestern Energy affirmed its $531 million capital plan for 2025 and projected a 4% to 6% long-term growth rate in earnings per share and rate base. The company also announced a quarterly dividend of $0.66 per share, payable on June 30, 2025.
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