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NorthWestern Reports Third Quarter 2021 Financial Results
Date: Oct 24, 2021
TYPE: News
Category: Investors
BUTTE, MT / SIOUX FALLS, SD - October 24, 2021 - NorthWestern Corporation d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the three months ended September 30, 2021. Net income for the period was $35.2 million, or $0.68 per diluted share, as compared with net income of $29.5 million, or $0.58 per diluted share, for the same period in 2020. This increase was primarily driven by higher Montana transmission loads and rates and warmer summer weather, partly offset by higher operating costs, lower supply cost recovery, an unfavorable QF liability adjustment compared with the prior period, and higher income tax expense.