NorthWestern (NWE) Tops Q2 EPS by 16c
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NorthWestern Reports Second Quarter 2018 Financial Results
July 19, 2018 6:00 PM EDTSIOUX FALLS, S.D., July 19, 2018 /PRNewswire/ -- NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) reported financial results for the quarter ended June 30, 2018. Net income for the period increased 100.6% to $43.8 million, or $0.87 per diluted share, as compared with net income of $21.8 million, or $0.44 per diluted share, for the same period in 2017. This $22.0 million increase in net income in 2018 is primarily due to a gain related to the adjustment of our Qualified Facilities (QF) liability, favorable weather, and to a lesser extent increased demand for electric transmission.
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