NorthWestern (NWE) Misses Q1 EPS by 13c; Trims FY16 EPS Outlook
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NorthWestern Reports First Quarter 2016 Financial Results
April 20, 2016 6:00 AM EDTSIOUX FALLS, S.D., April 20, 2016 /PRNewswire/ -- NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) reported financial results for the quarter ended March 31, 2016. Net income for the quarter was $38.1 million, or $0.79 per diluted share, as compared with net income of $51.4 million, or $1.09 per diluted share, for the same period in 2015. This $13.4 million, or 26%, decrease in net income is primarily the result of lower revenue from recent regulatory decisions in Montana including the elimination of the lost revenue adjustment mechanism, a reduction to natural gas production bridge rates, and the disallowance... More
