NorthWestern Energy posts Q2 beat; merger with Black Hills on track to close
Jul 29, 2026, 7:04 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The combination of Q2 beat, reaffirmed guidance, a large capital plan, and tangible merger progress with a near-term close window should support a positive rerating of NWE shares, provided Montana approval progresses toward clearance by year-end 2026.
AI summary
What happened, with direct paths to the underlying reporting
NorthWestern Energy posted a 2026 Q2 GAAP diluted EPS of $0.40 and non-GAAP EPS of $0.50, affirming guidance of $3.68-$3.83 and a long-term 4%-6% growth rate. The company reiterated its $3.2 billion capital plan to 2030 and highlighted merger progress with Black Hills, with FERC and NE/SD approvals secured and Montana awaiting a final order, targeting year-end 2026 close under the Bright Horizon Energy banner. The quarterly dividend remains $0.67 per share.
Q2 2026 GAAP EPS of $0.40; non-GAAP EPS $0.50, up vs 2025.
Affirms 2026 guidance of $3.68-$3.83 and 4%-6% long-term EPS growth.
Dividend declared at $0.67 per share, payable Sept 1, 2026; merger-related costs noted.
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