NorthWestern affirmed 2026 non-GAAP EPS guidance of $3.68-$3.83 per diluted share.
Company maintained long-term EPS growth guidance of 4%-6% from the 2024 baseline.
NorthWestern also affirmed its $3.2 bln capital investment plan for 2026-2030.
The company said it is making progress on Black Hills merger approvals.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the electric utilities peer group is "buy".
Wall Street's median 12-month price target for NorthWestern Energy Group Inc is $73.00, about 3.4% above its July 29 closing price of $70.61.
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago.
Quarterly results beat on rates and retail volumes
U.S. regulated utility's Q2 revenue rose 15% yr/yr on new rates and retail volumes.
Q2 adjusted EPS beat analyst expectations, rising to $0.50 from $0.40 last year.
Company said higher revenue and margin were primarily due to new rates and increased retail volumes.
Additional electric margin from the acquisition of Colstrip Puget Interests contributed to results.
Results were partly offset by higher operating, administrative and general costs, including merger-related costs and costs tied to Colstrip Units 3 and 4, and increased depreciation.
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