In the press release issued by NorthWestern Energy Group, Inc., the audited financials for the year ended December 31, 2024, were presented. According to the consolidated statements of income, the company reported total revenues of $1,513,898, representing an increase from the previous year's total revenues of $1,422,143. However, the operating expenses also rose to $1,190,577 from $1,121,688 in the previous year.
The operating income for the year ended December 31, 2024, amounted to $323,321, showing an increase from the operating income of $300,455 in the prior year. The net income for the same period was $224,111, marking an improvement from the net income of $194,131 in the year 2023.
In addition, the average common shares outstanding increased to 61,293 from 60,321 in the prior year. This increase in the average common shares outstanding may have an impact on the company’s financial metrics and shareholders' equity.
Furthermore, the consolidated balance sheets as of December 31, 2024, revealed that the company's total assets amounted to $7,997,524, up from $7,600,652 in the previous year. The increase in total assets may indicate the company's growth and expansion during the period under review.
On the other hand, the total liabilities for the year ended December 31, 2024, were reported at $5,139,824, compared to $4,870,550 in the prior year, reflecting a rise in the company's obligations.
Following these announcements, the company's shares moved -1.78%, and are now trading at a price of $58.3935. Check out the company's full 8-K submission here.
