---
title: "NorthWestern Energy affirms 2026 non-GAAP EPS guidance of $3.68–$3.83 amid merger progress"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286788372.md"
description: "NorthWestern Energy has affirmed its 2026 non-GAAP EPS guidance at $3.68 to $3.83 per diluted share during the AGA Financial Conference. The company reiterated its long-term EPS growth targets of 4%–6% and outlined a $3.2B five-year capital plan. The pending merger with Black Hills is expected to create value, targeting 5%–7% combined EPS growth. Funding for 2026 capital will come from cash and debt, with equity issuances anticipated to start in 2027 for South Dakota generation investment."
datetime: "2026-05-18T14:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286788372.md)
  - [en](https://longbridge.com/en/news/286788372.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286788372.md)
---

# NorthWestern Energy affirms 2026 non-GAAP EPS guidance of $3.68–$3.83 amid merger progress

**NorthWestern Energy affirmed 2026 non-GAAP EPS guidance of $3.68 to $3.83 per diluted share while presenting strategic, merger and capital plans at the AGA Financial Conference.**

**Key Highlights:**

-   Management presented at AGA Financial Conference and is hosting investor one-on-ones to review strategy and guidance.
-   Affirmed 2026 non-GAAP EPS guidance range of $3.68–$3.83 per diluted share.
-   Reiterated 4%–6% long-term EPS and rate base growth targets and $3.2B five-year capital plan.
-   Described pending merger with Black Hills as value-creating, targeting 5%–7% combined EPS growth and ~$11B rate base.
-   Plans: cash & debt to fund 2026 capital; equity issuances expected beginning in 2027 for South Dakota generation investment.

Original SEC Filing: NorthWestern Energy Group, Inc. \[ NWE \] - 8-K - May. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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