Our Natural Gas and Electric Service
NorthWestern Energy serves 337 communities in Montana, South Dakota and Yellowstone National Park with safe and reliable electricity. We serve natural gas to 202 communities in Montana, South Dakota and Nebraska.
Our Company
For more than 100 years, NorthWestern Energy has been committed to delivering safe, reliable and innovative energy solutions.
We serve gas and electric to customers in the western two-thirds of Montana and eastern South Dakota. We also have gas service in Nebraska, and serve electricity to Yellowstone National Park.
We own and operate a diverse generation fleet of wind, water, natural gas and coal-fired resources and the high-voltage electric transmission system and distribution system. We also own and operate natural gas production, transmission and distribution systems.
We serve gas and electric to customers in the western two-thirds of Montana and eastern South Dakota. We also have gas service in Nebraska, and serve electricity to Yellowstone National Park.
We own and operate a diverse generation fleet of wind, water, natural gas and coal-fired resources and the high-voltage electric transmission system and distribution system. We also own and operate natural gas production, transmission and distribution systems.
Enriching Lives Through a Safe, Sustainable Energy Future
Enriching Lives Through a Safe, Sustainable Energy Future
NorthWestern Energy has provided reliable and affordable electricity and natural gas to customers in Montana, South Dakota and Nebraska for more than 100 years.
Our Commitment to Sustainability
Sustainability means meeting today’s needs while planning for tomorrow’s as well. It is not just a matter of good environmental practices, being a sustainable enterprise must also incorporate social and governance best practices.
NorthWestern Energy at a glance
775,300
customers served across Montana, South Dakota, Nebraska and Yellowstone National Park
1,573
employees working across our service territory
58%
carbon-free electric generation
Our vision
Enriching lives through a safe sustainable energy future.
Our mission
Working together to provide safe, reliable and innovative energy solutions that create value for customers, communities, employees, and investors.
Our values
SERVICE: Safety, Excellence, Respect, Value, Integrity, Community, Environment
Our Hydro Facilities
Our carbon-free hydro system is the foundation of our energy generation portfolio in Montana. In 2024, nearly 34% of our electricity for Montana customers came from our hydro facilities.
Giving Back to Our Communities
NorthWestern Energy is committed to being a good corporate citizen of all the communities we serve. In 2023, we gave nearly $2 million in charitable donations and community support.
Where Does Your Energy Come From?
We provide safe, reliable energy through a balanced mix of clean energy and traditional resources.
NorthWestern Reports 2024 Financial Results
Date: Jan 20, 2025
TYPE: News
- 2024 Diluted GAAP EPS of $3.65, compared to $3.22 in 2023.
- 2024 Adjusted Diluted Non-GAAP EPS of $3.40, compared to $3.27 in 2023.
- Affirms 4% to 6% long-term EPS growth rate.
- Increases quarterly dividend by 1.5% - to $0.66 per share - payable March 31, 2025.
- Announces $2.7 billion 5-year capital plan, an 11% increase over prior plan.
BUTTE, MT / SIOUX FALLS, SD - February 12, 2025 - NorthWestern Energy Group, Inc. d/b/a
NorthWestern Energy (Nasdaq: NWE) reported financial results for the year ended December 31, 2024. Net income for the period was $224.1 million, or $3.65 per diluted share, as compared with net income of $194.1 million, or $3.22 per diluted share, for the same period in 2023. NorthWestern's 2024 non-GAAP net income and earnings per share were $208.9 million and $3.40, respectively, compared to $197.3 million and $3.27 in 2023. See “Adjusted Non-GAAP Earnings” and “Non-GAAP Financial Measures” sections below for more information on these measures.
Full-year 2024 earnings were driven by the resolution of rate reviews in Montana and South Dakota, higher electric transmission revenues, and income tax benefits, partly offset by non-recoverable electric supply costs, a less favorable QF (qualifying facility) liability adjustment, mild weather, insurance costs, depreciation, and interest expense.
"We are pleased to report a year of strategic progress and strong execution in 2024, reinforcing our commitment to providing safe, reliable, and affordable energy to our customers. It has been a busy year for everyone at NorthWestern as we continue to focus on delivering essential services while making critical investments for the future,” said Brian Bird, President & Chief Executive Officer.
"A key priority this year was ensuring the long-term resilience of our system. We filed rate reviews across all jurisdictions to recover the necessary investments made to support our obligation to provide safe and reliable service to our customers. We substantially completed our 175MW Yellowstone County Generating Station which is already in service and benefiting customers by reducing reliance on volatile and costly power market purchases. Additionally, we announced plans to invest in several regional transmission projects, including the North Plains Connector project, and entered into an agreement to acquire incremental Colstrip ownership to further enhance reliability and provide capacity in Montana. These actions have opened the door to large-load customers like the two recently announced data centers that will ultimately encourage economic development in the state and help lower energy costs for everyone."
"Beyond reliability, we made excellent progress in enhancing system safety and sustainability. The release of our Wildfire Mitigation Plan and Public Safety Power Shutoff plan reflects our proactive approach to protecting customers and the beautiful land we call home. Additionally, our planned acquisition of Energy West Montana’s and Cut Bank Gas’s natural gas assets and customers strengthens NorthWestern’s position in Montana, aligning with our long-term strategy. While we faced headwinds in 2024—including inflation, the delay in interim rates in Montana, and adverse weather—we remain confident in our path forward. I continue to be proud of our employees’ dedication and hard work in delivering safe, affordable, and reliable energy. Their efforts ensure we continue to serve our customers, support our communities, and create long-term value for our shareholders. As we look to 2025, we are well-positioned to build on this momentum and continue delivering a bright future," said Bird.
NorthWestern Energy - Delivering a Bright Future
NorthWestern Energy provides essential energy infrastructure and valuable services that enrich lives and empower communities while serving as long-term partners to our customers and communities. We work to deliver safe, reliable, and innovative energy solutions that create value for customers, communities, employees, and investors. We do this by providing low-cost and reliable service performed by highly-adaptable and skilled employees. We provide electricity and / or natural gas to approximately 775,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Our operations in Montana and Yellowstone National Park are conducted through our subsidiary, NorthWestern Corporation, and our operations in South Dakota and Nebraska are conducted through our subsidiary, NorthWestern Energy Public Service Corporation. We have provided service in South Dakota and Nebraska since 1923 and in Montana since 2002.
Investor Relations Contact:
Travis Meyer
(605) 978-2967
travis.meyer@northwestern.com
Media Contact:
Jo Dee Black
866-622-8081