Every material Form 8-K NorthWestern Energy filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NorthWestern Energy filed a presentation for the EEI Financial Conference in Scottsdale, Arizona, November 8-10, 2026, in which executives will affirm the company's 2026 non-GAAP earnings guidance of $3.68 to $3.83 per diluted share. The filing reports no new financial results and no change to guidance, and the guidance excludes costs related to the pending merger with Black Hills Corp.
2026 non-GAAP EPS guidance of $3.68 to $3.83 per diluted share is affirmed, not changed
Presentation dated November 8, 2026, furnished as Exhibit 99.1 and not deemed filed under Section 18 of the Exchange Act
Presenters are CEO Brian Bird, CFO Crystal Lail, and Travis Meyer, director of corporate development and investor relations
The presentation cites a $3.21 billion five-year capital plan and a Montana final order on the Black Hills merger expected by November 12, 2026
NorthWestern Energy reported third-quarter 2026 net income of $30.7 million, or $0.50 per diluted share, down from $38.2 million, or $0.62, a year earlier, mainly due to a $6.1 million net loss tied to its added Colstrip Units 3 and 4 interests, plus higher depreciation and interest expense. The company affirmed its 2026 non-GAAP earnings guidance of $3.68 to $3.83 per diluted share, but the guidance is standalone and will no longer apply if the pending Black Hills merger closes, which the company expects by year-end 2026.
Q3 2026 net income $30.7 million ($0.50 per diluted share) vs. $38.2 million ($0.62) in Q3 2025; total revenues rose to $423.8 million from $387.0 million
Adjusted non-GAAP diluted EPS was $0.58 vs. $0.79 a year earlier; 2026 guidance of $3.68 to $3.83 per diluted share affirmed
Merger with Black Hills expected to close by year-end 2026, pending a Montana Public Service Commission final order
Quarterly dividend of $0.67 per share payable December 1, 2026, to holders of record on November 17, 2026 (previously set for December 31 and December 15)
NorthWestern Energy reported second-quarter 2026 net income of $25.0 million, or $0.40 per diluted share, up from $21.2 million, or $0.35, a year earlier, and affirmed its 2026 earnings guidance of $3.68 to $3.83 per diluted share. The company also declared a $0.67 per share quarterly dividend, payable September 1, 2026, and said the pending merger with Black Hills Corporation is awaiting only Montana regulatory approval.
Q2 2026 net income $25.0 million, $0.40 per diluted share, versus $0.35 in Q2 2025; non-GAAP diluted EPS $0.50 versus $0.40
Six-month 2026 diluted EPS was $1.43, versus $1.60 in the same period of 2025
Quarterly dividend of $0.67 per share payable September 1, 2026, to holders of record August 17, 2026
Merger with Black Hills expected to close by year-end 2026; Montana Public Service Commission final order still pending
NorthWestern Energy Public Service Corporation, a wholly owned subsidiary of NorthWestern Energy Group, issued $150 million of South Dakota First Mortgage Bonds on June 15, 2026. The bonds carry a 5.51% interest rate and mature on June 15, 2036, and they rank equally with other debt secured by the same first mortgage lien. The filing describes a debt issuance under a standard mortgage indenture, with no change to the company's operations or outlook stated.
Principal amount: $150 million, issued June 15, 2026
Interest rate: 5.51%, maturing June 15, 2036
Terms set in the Twenty-third Supplemental Indenture dated June 1, 2026, with The Bank of New York Mellon as trustee
Bonds were sold in an exempt transaction and are not registered under the Securities Act of 1933
NorthWestern Corporation, a wholly owned subsidiary of NorthWestern Energy Group, entered a $225 million secured term loan on May 27, 2026, with Bank of America, N.A. as administrative agent, and borrowed the full amount. It used the proceeds to repay part of its existing $425 million unsecured revolving credit facility, and the loan is secured by a $225 million first mortgage bond, adding secured debt to the company's obligations.
Term loan of $225 million dated May 27, 2026, maturing November 26, 2027, with a variable rate based on SOFR plus an applicable margin
Proceeds used to repay a portion of borrowings under the $425 million unsecured revolving credit facility
Loan secured by a $225 million first mortgage bond issued under the Forty-eighth Supplemental Indenture dated May 1, 2026
Single financial covenant requires consolidated debt to capitalization ratio not to exceed 65 percent
NorthWestern Energy reported first quarter 2026 net income of $63.5 million, or $1.03 per diluted share, down from $76.9 million, or $1.25, a year earlier. Adjusted non-GAAP earnings rose to $1.31 per share from $1.22, and the company affirmed its 2026 earnings guidance of $3.68 to $3.83 per diluted share, along with its $683 million capital plan and planned quarterly dividend of $0.67 per share.
Q1 2026 GAAP net income was $63.5 million ($1.03 per diluted share) versus $76.9 million ($1.25) in Q1 2025; total revenues rose to $497.6 million from $466.6 million.
Adjusted non-GAAP diluted EPS was $1.31 versus $1.22 a year earlier.
2026 EPS guidance of $3.68 to $3.83 per diluted share was affirmed, and the company declared a $0.67 quarterly dividend payable June 30, 2026.
The merger with Black Hills Corporation, expected to close in the second half of 2026, is pending regulatory approvals; the company incurred $3.4 million of merger-related costs in the quarter.
On February 11, 2026, NorthWestern Energy's board approved a 2026 Annual Incentive Plan and a 2026 Long-Term Incentive Program covering officers and eligible employees. Executive payouts are tied to 2026 net income (adjusted to exclude costs of the pending Black Hills Corporation merger), safety, reliability, and customer satisfaction, and long-term awards are restricted share units vesting December 31, 2028.
Annual incentive target for CEO Brian Bird is 100% of base salary; CFO Crystal Lail is 75%
Long-term incentive target for CEO Brian Bird is 325% of base salary; CFO Crystal Lail is 150%
Net income metric carries 55% weighting; safety and reliability 15% each; customer satisfaction 15%
Restricted units for about 80 participants vest December 31, 2028; awards are excluded from the merger's change-in-control definition
NorthWestern reported 2025 results with total revenue up to $1.61 billion from $1.51 billion, but GAAP net income fell to $181.1 million from $224.1 million, mainly due to a $30.9 million non-cash charge tied to a Montana regulatory disallowance. The company initiated 2026 non-GAAP EPS guidance of $3.68 to $3.83 per diluted share and announced a $3.2 billion 2026-2030 capital plan, while the pending Black Hills merger is expected to close in the second half of 2026.
2025 GAAP diluted EPS was $2.94 versus $3.65 in 2024; adjusted non-GAAP diluted EPS was $3.58 versus $3.40
2026 non-GAAP EPS guidance is $3.68 to $3.83 per diluted share, based on normal weather and excluding Black Hills merger costs
Quarterly dividend increased 1.5% to $0.67 per share, payable March 31, 2026, to holders of record as of March 13, 2026
Black Hills merger shareholder votes are scheduled for April 2, 2026
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NorthWestern Energy filing is on SEC EDGAR ↗. 8-K briefs of other companies →