NWE - NorthWestern reports mixed Q1 earnings; initiates FY23 outlook
2023-04-28 02:16:49 ET
- NorthWestern press release ( NASDAQ: NWE ): Q1 Non-GAAP EPS of $1.05 misses by $0.07 .
- Revenue of $454.5M (+15.2% Y/Y) beats by $41.27M .
- Our effective tax rate for the three months ended March 31, 2023 was 14.1% as compared with 1.8% for the same period in 2022.
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2023 Earnings Guidance and Capital Expenditures Forecast : NorthWestern expects to issue 2023 earnings guidance following an outcome in the currently pending Montana general rate review. Our estimated capital expenditures for 2023 are $510 million. Over the next five years (2023 to 2027) we estimate investment of $2.4 billion in our electric and natural gas transmission and distribution and electric generation infrastructure.
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NorthWestern reports mixed Q1 earnings; initiates FY23 outlook