April 24, 2014
NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) reported financial results for the quarter ended March 31, 2014. Net income for the period was $45.6 million, or $1.17 per diluted share, as compared with net income of $37.9 million, or $1.01 per diluted share, for the same period in 2013.
"With the prolonged severe cold weather driving up natural gas prices across the country, our approximately 32% owned gas production, including the recently-acquired Bear Paw South assets, provided our Montana customers a great benefit with more stable supply prices,” said Bob Rowe, Chief Executive Officer. “The colder weather we experienced in the first quarter increased our retail electric and gas volumes and contributed to our earnings.”
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