NorthWestern Q2 net income falls to $21.2 million; revenue rises to $342.7 million
NorthWestern reported second quarter 2025 net income of $21.2 million, or $0.35 per diluted share, down from $31.7 million, or $0.52, a year earlier, even though total revenue rose to $342.7 million from $319.9 million. The company attributed the decline mainly to lower retail usage driven by weather, a delay in implementing updated Montana interim rates, and higher operating and interest costs, and it initiated 2025 diluted EPS guidance of $3.53 to $3.65.
Key points
- Q2 2025 net income $21.2 million, or $0.35 per diluted share, versus $31.7 million, or $0.52, in Q2 2024
- Q2 2025 adjusted non-GAAP diluted EPS $0.40, versus $0.53 in Q2 2024
- 2025 diluted EPS guidance range of $3.53 to $3.65, with a $0.66 quarterly dividend payable September 30, 2025
- Montana electric and natural gas rate review: final briefs due August 2025; an outcome is expected early in the fourth quarter of 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.