NorthWestern Reports Second Quarter 2024 Financial Results

The increase in net income was primarily due to new base rates in Montana and South Dakota, electric transmission revenues, Montana property tax tracker collections, and electric and natural gas retail volumes. These were offset in part by a less favorable Qualifying Facility (QF) liability adjustment in the current year, non-recoverable Montana electric supply costs, depreciation, operating, administrative and general costs, and interest expense. Diluted earnings per share also increased as a result of hig ...