NorthWestern Corporation d/b/a NorthWestern Energy (NWE) reported first-quarter net income of $22.8 million, lower than last year's $23.5 million. However, earnings per share rose to $0.63 from $0.59 in the prior year, due primarily to the share buy back concluded in the third quarter of 2008.
Total revenues amounted to $370.90 million, compared to $385.97 milion in the same quarter of last year.
Consolidated gross margin was $162.9 million, compared with $156.9 million in the year-ago quarter. The improvement in consolidated gross margin was primarily due to the transfer of stake in Colstrip Unit 4 to Montana utility rate base and represents our return on rate base.
Looking ahead, the company said it still sees earnings per share for 2009 to be in the range of $1.85 - $2.00.
In addition, NorthWestern's board declared a quarterly dividend of 33.5 cents per share, payable on June 30, 2009, to shareholders of record on June 15, 2009.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.