Benzinga | Feb 11, 2021 06:11PM EST

NorthWestern Says Affirms FY2020 Guidance Range Of $3.40-$3.60

2021 Earnings Guidance Affirmed

NorthWestern affirms its 2021 earnings guidance range of $3.40 - $3.60 per diluted share based upon, but not limited to, the following major assumptions and expectations:

* Normal weather in our electric and natural gas service territories;

* Continued Covid-19 related reduction in our commercial and industrial sales volumes, offset in part by an increase in usage by residential customers through the second quarter of 2021;

* A consolidated income tax rate of approximately (2.5%) to 2.5% of pre-tax income; and Diluted shares outstanding of approximately 51.5 million to 51.8 million