NorthWestern Revised Its 2024 Non-GAAP EPS Guidance To $3.32-$3.47 (Vs. $3.45 Est.) From $3.42-$3.62, In Light Of Delayed Montana Interim Rate Decision
Portfolio Pulse from Benzinga Newsdesk
NorthWestern Corporation has revised its 2024 non-GAAP EPS guidance to $3.32-$3.47 from $3.42-$3.62 due to a delay in the Montana interim rate decision. The midpoint of the revised guidance is $3.40, a 4% increase from 2023's EPS of $3.27. The company maintains its long-term EPS growth guidance of 4%-6% and expects no equity issuances under its current capital investment program.
October 29, 2024 | 5:01 am
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NorthWestern Corporation revised its 2024 EPS guidance due to a delay in Montana's interim rate decision. The new range is $3.32-$3.47, with a midpoint of $3.40, reflecting a 4% increase from 2023. Long-term growth guidance remains at 4%-6%.
The revision in EPS guidance is due to external regulatory delays, which may not significantly impact investor sentiment as the long-term growth guidance remains unchanged. The midpoint of the revised guidance still shows growth from 2023, indicating stability.
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