U.S. Markets open in 9 hrs 27 mins

Free Research Report as NorthWestern’s EPS Soared 98%

LONDON, UK / ACCESSWIRE / July 23, 2018 /

If you want access to our free earnings report on NorthWestern Corp. (NYSE: NWE), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NWE. The Company reported its second quarter fiscal 2018 operating and financial results on July 18, 2018. The electric and gas utility surpassed earnings expectations. Additionally, the Company re-affirmed its earnings guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, NorthWestern most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the quarter ended June 30, 2018, NorthWestern's net sales totaled $261.8 million compared to $$283.6 million in Q2 2017. The Company's revenue numbers fell short of analysts' estimates by $26.26 million.

During Q2 2018, NorthWestern's consolidated gross margin was $229.6 million compared to $199.9 million in Q2 2017. The increase was attributed to a $25.1 million reduction related to the Company's electric Qualified Facilities (QF) liability; a 4.0 million increase in electric and natural gas retail volumes, due primarily to favorable weather and customer growth; a $1.4 million higher demand to transmit energy across the Company's transmission lines, due to market conditions and pricing; $0.3 million due to an increase in its Montana gas rates effective September 01, 2017; and $1.3 million of other miscellaneous improvements to gross margin.

For Q2 2018, NorthWestern's consolidated operating, general, and administrative expenses were $73.8 million compared to $72.6 million in Q2 2017. The Company's property and other taxes were $43.0 million in the reported quarter versus $39.5 million in the year earlier comparable quarter. This increase was primarily due to plant additions and higher estimated property valuations in Montana.

NorthWestern's consolidated operating income was $69.2 million in the reported quarter compared to $46.3 million in the prior year's corresponding quarter, primarily attributed to the adjustment of the Company's QF liability and favorable weather, partly offset by the overall increase in operating expenses.

NorthWestern's net income increased to $43.8 million, or $0.87 per diluted share, in Q2 2018 compared to a net income of $21.8 million, or $0.44 per diluted share, in Q2 2017. The Company's earnings results improved due to a gain related to the adjustment of QF liability and to favorable weather; and, to a lesser extent, to an increased demand for electric transmission. NorthWestern's earnings surpassed Wall Street's estimates of $0.49 per share.

Liquidity and Capital Resources

As of June 30, 2018, NorthWestern's total net liquidity was approximately $214.6 million, including $5.6 million of cash and $209.0 million of revolving credit facility availability. This compares to the Company's total net liquidity of $113.2 million at June 30, 2017.

NorthWestern's Board of Directors declared a quarterly common stock dividend of $0.55 per share, payable on September 28, 2018, to common shareholders of record as of September 14, 2018.


NorthWestern reaffirmed its adjusted non-GAAP earnings per diluted share guidance range of $3.35 - $3.50 for the full fiscal year 2018.

Stock Performance Snapshot

July 20, 2018 - At Friday's closing bell, NorthWestern's stock slightly advanced 0.55%, ending the trading session at $58.60.

Volume traded for the day: 510.26 thousand shares, which was above the 3-month average volume of 387.10 thousand shares.

Stock performance in the last month – up 4.87%; previous three-month period – up 8.82%; and past six-month period – up 10.13%

After last Friday's close, NorthWestern's market cap was at $2.92 billion.

Price to Earnings (P/E) ratio was at 5.84.

The stock has a dividend yield of 3.75%.

The stock is part of the Utilities sector, categorized under the Diversified Utilities industry.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors