NorthWestern Energy Group Inc. reported 2025 GAAP diluted EPS of $2.94 and non-GAAP diluted EPS of $3.58, while initiating 2026 non-GAAP earnings guidance of $3.68 to $3.83 per share. The company also announced a 1.5% dividend increase and provided an update on its pending all-stock merger with Black Hills Corporation.
Key takeaways
2025 full-year GAAP net income was $181.1 million, or $2.94 per diluted share, compared to $224.1 million, or $3.65 per share, in 2024.
2025 adjusted non-GAAP net income was $220.1 million, or $3.58 per diluted share, compared to $208.9 million, or $3.40 per share, in 2024.
The company initiated 2026 non-GAAP earnings guidance in the range of $3.68 to $3.83 per diluted share.
The Board declared a quarterly dividend of $0.67 per share, a 1.5% increase, payable March 31, 2026 to shareholders of record March 13, 2026.
A $30.9 million non-cash charge was recorded in Q4 2025 for the regulatory disallowance of certain Yellowstone County Generating Station capital costs.
Shareholder meetings to vote on the pending merger with Black Hills Corporation are scheduled for April 2, 2026, with transaction closing expected in the second half of 2026.