NorthWestern (NWE)

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NorthWestern (NWE) - 2022 Q1 - Earnings Call Transcript
2022-04-29 22:50
NorthWestern Corporation (NASDAQ:NWE) Q1 2022 Earnings Conference Call April 29, 2022 2:30 PM ET Company Participants Travis Meyer - Director of Corporate Finance & IR Officer Robert Rowe - CEO Crystal Lail - VP and CFO Brian Bird - President and COO Conference Call Participants Shar Pourreza - Guggenheim Securities Sophie Karp - KeyBanc Travis Meyer Good afternoon, and thank you for joining NorthWestern Corporation's financial results webcast for the quarter ending March 31, 2022. My name is Travis Meyer. ...
NorthWestern (NWE) - 2022 Q1 - Earnings Call Presentation
2022-04-29 11:49
Black Eagle Dam at Sunset 2022 First Quarter Earnings Webcast April 29, 2022 NorthWester Delivering a Bright Finers Bob Rowe CEO Brian Bird President & COO Presenting Today Crystal Lail Vice President & CFO Forward Looking Statements During the course of this presentation, there will be forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business and financial perfo ...
NorthWestern (NWE) - 2022 Q1 - Quarterly Report
2022-04-28 23:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10499 NORTHWESTERN CORP (Exact name of registrant as specified in its charter) Delaware 46-0172280 (State or other jurisdiction of ...
NorthWestern (NWE) - 2021 Q4 - Earnings Call Presentation
2022-02-14 23:42
Helena, Montana 2021 - Full Year Earnings Webcast February 14, 2022 NorthWester Delivering a Bright Fight Bob Rowe CEO Brian Bird President & COO Presenting Today Crystal Lail Vice President & CFO Forward Looking Statements During the course of this presentation, there will be forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business and financial performance, an ...
NorthWestern (NWE) - 2021 Q4 - Earnings Call Transcript
2022-02-14 23:41
NorthWestern Corporation (NASDAQ:NWE) Q4 2021 Earnings Conference Call February 14, 2022 3:00 PM ET Company Participants Travis Meyer - Director of Corporate Finance & Investor Relations Officer Robert Rowe - Chief Executive Officer Crystal Lail - Vice President and Chief Financial Officer Brian Bird - President and Chief Operating Officer Conference Call Participants Ryan Greenwald - Bank of America Sophie Karp - KeyBanc Travis Meyer Good afternoon, and thanks for joining NorthWestern Corporation's Financi ...
NorthWestern (NWE) - 2021 Q4 - Annual Report
2022-02-11 01:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10499 NORTHWESTERN CORP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...
NorthWestern (NWE) - 2021 Q3 - Earnings Call Transcript
2021-10-26 02:17
NorthWestern Corporation (NASDAQ:NWE) Q3 2021 Earnings Conference Call October 25, 2021 3:30 PM ET Company Participants Travis Meyer - Director of Corporate Finance & Investor Relations Officer Robert Rowe - Chief Executive Officer & Director Crystal Lail - Vice President & Chief Financial Officer Brian Bird - President & Chief Operating Officer Conference Call Participants Ryan Greenwald - BofA James Ward - Guggenheim Jonathan Reeder - Wells Fargo Eric Peterson - Millennium Matt Davis - Coann Capital Andre ...
NorthWestern (NWE) - 2021 Q3 - Quarterly Report
2021-10-25 12:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10499 NORTHWESTERN CORP (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...
NorthWestern (NWE) - 2021 Q2 - Earnings Call Presentation
2021-07-29 03:31
O'Dell Creek - Montana 2021 Second Quarter Earnings Webcast July 28, 2021 NorthWester Delivering a Bright Fut Presenting Today Bob Rowe, CEO Brian Bird, President & COO Crystal Lail, Vice President & CFO Forward Looking Statements During the course of this presentation, there will be forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business and financial performa ...
NorthWestern (NWE) - 2021 Q2 - Earnings Call Transcript
2021-07-29 01:12
Financial Data and Key Metrics Changes - Net income for Q2 2021 increased by $15.7 million compared to the same period last year, reaching $37.2 million, representing a 73% increase [8][13] - Diluted EPS increased by $0.29 year-over-year, with non-GAAP adjusted EPS rising by $0.14 [8][22] - Gross margin rose to $230.3 million, an increase of $22 million or 10.6% from the prior period [14][19] - Operating income increased by $14.3 million or 31.9%, totaling $59.1 million [20] Business Line Data and Key Metrics Changes - Electric transmission gross margin increased by $9.1 million, driven by higher loads and rates due to warm and dry weather [14][15] - Electric retail volumes showed a slight improvement, with residential usage remaining flat and commercial usage improving compared to the prior year [16][19] Market Data and Key Metrics Changes - The company experienced a peak load of over 1,909 megawatts, requiring over 1,000 megawatts of imports, highlighting dependence on regional capacity markets [7][10] - Weather conditions impacted performance, with June being particularly favorable, contributing $2 million to revenue compared to normal [18] Company Strategy and Development Direction - The company is focused on a robust capital investment plan, with over $2 billion projected over the next five years, including $450 million in 2021 [30][31] - The company aims to address capacity needs through new generation resources, including a $250 million investment in the Laurel generation station [33][34] Management's Comments on Operating Environment and Future Outlook - Management noted headwinds in the second half of the year due to lower commercial and industrial usage, despite improved residential usage [23][44] - The company is mindful of credit ratings and plans to issue the full $200 million of equity to support growth and maintain financial stability [24][52] Other Important Information - The company declared a quarterly dividend of $0.62 per share, payable on September 30 [9] - Regulatory filings include a request to delay implementing a fixed cost recovery mechanism pilot and an increase in forward costs for electric power recovery [27][28] Q&A Session Summary Question: How should the company think about the puts and takes through the rest of the year? - Management indicated that the first half of the year met expectations, but headwinds are anticipated in the second half due to lower commercial and industrial usage [43] Question: Was the transmission deferral expected? - Yes, it was anticipated [44] Question: How does the additional equity impact 2022? - The company is investing significantly in CapEx and is mindful of credit ratings while planning for growth [45] Question: Can you elaborate on the dynamics of the transmission margins? - Management noted that the short-term market conditions are driving transmission margins, and they expect continued good performance [58][60] Question: What are the expectations regarding inflation pressures? - Inflation is expected to impact costs in the out years, but current CapEx costs are already accounted for [101]