In the audited financials for the year ended December 31, 2024, NorthWestern Energy Group, Inc. reported total revenues of $1,513,898, up from $1,422,143 in 2023. The operating income also showed an increase, reaching $323,321 in 2024 compared to $300,455 in 2023. Net income for the year 2024 was $224,111, a rise from $194,131 in the previous year.
The average common shares outstanding increased to 61,293 in 2024 from 60,321 in 2023. This led to a rise in basic earnings per average common share to $3.66 in 2024 from $3.22 in 2023, and diluted earnings per average common share increased to $3.65 from $3.22 in the same period.
The balance sheet also reflected growth, with total assets reaching $7,997,524 in 2024, up from $7,600,652 in 2023. Property, plant, and equipment, net, also increased to $6,398,275 in 2024 from $6,039,801 in 2023.
On the liabilities side, total current liabilities increased to $802,200 in 2024 from $534,898 in 2023. Long-term debt also saw an uptick, reaching $2,695,343 in 2024 compared to $2,684,635 in 2023.
The market has reacted to these announcements by moving the company's shares 0.47% to a price of $59.67. For more information, read the company's full 8-K submission here.
