NorthWestern (NWE) Tops Q2 EPS by 20c

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Go back to NorthWestern (NWE) Tops Q2 EPS by 20c

NorthWestern Reports Second Quarter 2016 Financial Results

July 22, 2016 6:00 AM EDT

SIOUX FALLS, S.D., July 22, 2016 /PRNewswire/ -- NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) reported financial results for the quarter ended June 30, 2016.  Net income for the quarter was $35.6 million, or $0.73 per diluted share, as compared with net income of $31.0 million, or $0.65 per diluted share, for the same period in 2015.  This $4.6 million, or 14.8%, increase in net income is due to improvements in gross margin and income tax expense partially offset by higher operating expense.  The higher operating expense is primarily the result of a $20.8 million insurance recovery that reduced operating expense in... More