Northwestern Reports Improved Q2 Earnings and Updates on Merger with Black Hills
NorthWestern Corporation (NASDAQ:NWE) reported improved second-quarter results in fiscal year 2026. Adjusted earnings per share rose to $0.50 from $0.40 a year earlier, while GAAP diluted EPS was $0.40 for the quarter. The company reaffirmed its full-year guidance of $3.68–$3.83 per share and maintained its long-term growth targets. NorthWestern also declared an updated quarterly dividend of $0.67 per share to align with Black Hills Corp.'s schedule as part of their pending merger. The proposed $3.2 billion 2026–2030 capital plan remains unchanged, focusing on customer-serving investments and excluding potential regional transmission or large-load projects. The merger with Black Hills has received all necessary approvals except from the Montana Public Service Commission (MPSC), which is expected to rule between mid-October and mid-November. NorthWestern anticipates 5%–7% long-term EPS growth post-merger.
Topics: Capital Plan Earnings Merger Update