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Northwestern Corp (NWE) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Northwestern Corp

CIK: 73088 Ticker: NWE
NorthWestern Reports Third Quarter 2018 Financial Results
October 23, 2018
Page 1

nweenergylogocurrenta21.jpg
NorthWestern Corporation
d/b/a NorthWestern Energy
3010 W. 69th Street
Sioux Falls, SD 57108
www.northwesternenergy.com

FOR IMMEDIATE RELEASE


NorthWestern Reports Third Quarter 2018 Financial Results


Company reports GAAP diluted earnings per share of $0.56 for the third quarter 2018;
Declares a quarterly dividend of $0.55 per share payable December 31, 2018: and
Reaffirms full year 2018 guidance.


BUTTE, MT / SIOUX FALLS, SD - October 23, 2018 - NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) reported financial results for the quarter ended September 30, 2018.  Net income for the period decreased 22.6% to $28.2 million, or $0.56 per diluted share, as compared with net income of $36.4 million, or $0.75 per diluted share, for the same period in 2017. This $8.2 million decrease in net income in 2018 is primarily due to unfavorable weather, reduced recovery of Montana electric supply costs and higher operating expenses.  These unfavorable variances were partially offset by lower interest and income tax expense.

Additional information regarding this release can be found in the earnings presentation found at www.northwesternenergy.com/our-company/investor-relations/presentations-and-webcasts.

“Overall mild weather, a decrease in cost recovery resulting from the expected effect of the Montana Public Service Commission's recent vote in the PCCAM docket and timing of some increased expenses all weighed on the financial results this quarter,” said Bob Rowe, President and Chief Executive Officer. “However, continued cost controls and efficiencies along with respectable customer growth and strong economic indicators in our service territories allow us to remain committed to our guidance range for the year.”





The following information was filed by Northwestern Corp (NWE) on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Northwestern Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Document Entity Information
Condensed Consolidated Balance Sheet
Condensed Consolidated Balance Sheet Parenthetical
Condensed Consolidated Statements Of Cash Flows
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Balance Sheet Classification (Details)
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Comprehensive Income (Loss) (Details)
Comprehensive Income Loss (Tables)
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Earnings Per Share (Tables)
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Goodwill (Tables)
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Income Taxes (Tables)
Income Taxes Effective Tax Rate Reconciliation (Details)
Nature Of Operations And Basis Of Consolidation
Nature Of Operations And Basis Of Consolidation (Details)
Nature Of Operations And Basis Of Consolidation Cash, Cash Equivalents, And Restricted Cash (Details)
Nature Of Operations And Basis Of Consolidation Cash, Cash Equivalents, And Restricted Cash (Tables)
Nature Of Operations And Basis Of Consolidation Retirement Benefits (Details)
Nature Of Operations And Basis Of Consolidation Retirement Benefits (Tables)
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Revenue From Contracts With Customers
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Northwestern Corp provided additional information to their SEC Filing as exhibits

Ticker: NWE
CIK: 73088
Form Type: 10-Q Quarterly Report
Accession Number: 0000073088-18-000150
Submitted to the SEC: Tue Oct 23 2018 5:45:34 PM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Electric And Other Services Combined

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