NorthWestern : 2022 First Quarter Financial Results Presentation
April 28, 2022 at 06:23 pm EDT
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Black Eagle Dam at Sunset
2022 First Quarter Earnings Webcast
April 29, 2022
Presenting Today
CEO
President & COO
Vice President & CFO
Forward Looking Statements
During the course of this presentation, there will be forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will."
The information in this presentation is based upon our current expectations as of the date of this document unless otherwise noted. Our actual future business and financial performance may differ materially and adversely from our expectations expressed in any forward-looking statements. We undertake no obligation to revise or publicly update our forward-looking statements or this presentation for any reason. Although our expectations and beliefs are based on reasonable assumptions, actual results may differ materially. The factors that may affect our results are listed in certain of our press releases and disclosed in the Company's 10-K and 10-Q along with other public filings with the SEC.
Recent Highlights
Financial results in line with expectations for the quarter…
• Net income of $59.1 million or $1.08 diluted earnings per share
• Non-GAAP EPS of $59.5 or $1.09 diluted earning per share
• Reaffirming full year non-GAAP guidance of $3.20 - $3.40 per diluted share
Commitment to Net Zero Carbon Emissions by 2050…
Nearing completion of our 58 megawatt generating project in South Dakota…
Site work underway at our 175 megawatt generating project in Montana…
Ongoing Dividend Commitment…
• Quarterly dividend of $0.63 per share payable June 30, 2022 (6/15/22 record date)
Summary Financial Results
(First Quarter)
(1) Utility Margin is a non-GAAP Measure See appendix slide titled "Explaining Utility Margin" for additional disclosure.
EPS Bridge to First Quarter 2022
First quarter earnings in line with our expectations.
We estimate unfavorable weather in Q1 2022 resulted in a $0.6 million pretax detriment as compared to normal and a $0.7 million benefit as compared to Q1 2021.
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NorthWestern Corporation published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 22:21:49 UTC.
NorthWestern Energy Group, Inc., doing business as NorthWestern Energy, provides essential energy infrastructure and valuable services. The Company operates through two segments: electric utility operations and natural gas utility operations. The electric utility operations segment includes the generation, purchase, transmission and distribution of electricity. The natural gas utility operations segment includes the production, purchase, transmission, storage, and distribution of natural gas. It provides electricity and / or natural gas to approximately 775,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. Its operations in Montana and Yellowstone National Park are conducted through its subsidiary, NorthWestern Corporation, and its operations in South Dakota and Nebraska are conducted through its subsidiary, NorthWestern Energy Public Service Corporation. Its customer base consists of a mix of residential, commercial, and diversified industrial customers.
NORTHWESTERN ENERGY GROUP, INC. 
