Northwestern Energy's third quarter 2025 financial results show a decrease in diluted GAAP EPS from $0.76 in 2024 to $0.62 in 2025. However, the adjusted diluted non-GAAP EPS increased to $0.79 in 2025 from $0.65 in 2024. The company also affirmed its 2025 earnings guidance range of $3.53 to $3.65 per diluted share and a $531 million capital plan for 2025, along with a 4% to 6% long-term EPS and rate base growth rate. Additionally, Northwestern Energy announced a $0.66 per share quarterly dividend, payable on December 31, 2025.
In terms of net income, the company reported $38.2 million for the third quarter of 2025, compared to $46.8 million for the same period in 2024. The decrease was attributed to higher operating expenses, including merger-related costs and depreciation, as well as higher interest expenses. However, this decrease was partially offset by new rates and customer usage.
Northwestern Energy's non-GAAP net income for the third quarter of 2025 was $48.4 million, up from $39.7 million in 2024. Adjusted non-GAAP earnings per share also increased to $0.79 from $0.65 in 2024.
These figures indicate a mixed performance for Northwestern Energy in the third quarter of 2025, with a decrease in GAAP EPS but an increase in non-GAAP EPS and net income compared to the same period in 2024. Following these announcements, the company's shares moved -2.49%, and are now trading at a price of $59.83. For more information, read the company's full 8-K submission here.
