NorthWestern Energy reports Q3 2026 results, reaffirms 2026 EPS guidance and awaits final Montana merger approval

NorthWestern Energy posted third‑quarter 2026 GAAP earnings of $0.50 per share and adjusted earnings of $0.58 per share on revenue of $423.8 million. The board declared a quarterly dividend of $0.67 per share payable December 1. Management reaffirmed its 2026 adjusted EPS guidance of $3.68‑$3.83 and said the merger with Black Hills Corp. is expected to close by year‑end, pending a Montana Public Service Commission decision by November 12.

The earnings miss and dividend announcement affect short‑term cash flow expectations for investors. The pending merger decision could trigger earnings‑per‑share accretion and reshape the company’s geographic exposure, as noted by the company’s guidance and merger timeline.

  • 1GAAP diluted EPS for Q3 2026 was $0.50 per share.
  • 2Adjusted diluted EPS for Q3 2026 was $0.58 per share.
  • 3Revenue for the quarter was $423.8 million.
  • 4The board declared a quarterly cash dividend of $0.67 per share, payable December 1, 2026.
  • 5NorthWestern reaffirmed its 2026 adjusted EPS guidance range of $3.68 to $3.83 per diluted share.
  • 6The merger with Black Hills Corp. is expected to close by year‑end 2026, subject to a Montana PSC decision expected by November 12.

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