NorthWestern (NWE) - 2025 Q1 - Earnings Call Presentation

Financial Performance - NorthWestern Energy reported GAAP diluted EPS of $1.25 and non-GAAP diluted EPS of $1.22 for the first quarter of 2025[8] - First quarter GAAP net income increased by $11.8 million or 18.1% compared to the prior period[18] - First quarter non-GAAP net income increased by $8.1 million or 12.1% compared to the prior period[18] - Utility Margin increased by $30.7 million or 10.2% in the first quarter of 2025 compared to the prior year[24] Growth and Investment - The company is affirming long-term rate base and earnings per share growth rates targets of 4% - 6%[8] - The company forecasts $2.74 billion of capital investment over the next five years, expected to drive annualized earnings and rate base growth of approximately 4% - 6%[11] - The company expects to maintain FFO to Debt ratio > 14% in 2025 and beyond[42] Regulatory and Strategic Updates - A full natural gas settlement and a partial electric settlement have been reached in Montana rate review[8] - Montana legislature has passed wildfire and transmission bills, pending the Governor's approval[8] - The company plans no cost acquisition of 592 MW of additional Colstrip capacity[61] - The company announced a memorandum of understanding to own 10% of the North Plains Connector project[70]