Northwestern Corporation Reports Earnings Results for the First Quarter Ended March 31, 2021
April 21, 2021 at 07:34 pm EDT
Share
NorthWestern Corporation announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 400.803 million compared to USD 335.255 million a year ago. Operating income was USD 80.985 million compared to USD 75.214 million a year ago. Net income was USD 63.071 million compared to USD 50.704 million a year ago. Basic earnings per share from continuing operations was USD 1.25 compared to USD 1 a year ago. Diluted earnings per share from continuing operations was USD 1.24 compared to USD 1 a year ago.
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.