From GlobeNewswire:

NorthWestern Energy reported a net income of $194.1 million for 2023, compared to $183.0 million in 2022. This increase was due to new base rates from the Montana rate review, lower Montana electric supply costs and taxes. The company also affirmed 2024 earnings guidance of $3.42 – $3.62 per diluted share and declared a quarterly common dividend of $0.65 per share. The South Dakota Public Utilities Commission approved an annual increase in base rates of $21.5 million. Non-GAAP Adjusted diluted earnings per share for the quarter was $1.38, a $0.01 higher than GAAP after adjusting for unfavorable weather. The company also celebrated “100 Powerful Years!” in 2023 and finalized the previously announced holding company structure.



Read more: NorthWestern Reports 2023 Financial Results