NorthWestern Energy Group, Inc.

remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I will now turn the call over to Travis Meyer. Please go ahead.

Thank you, Rebecca. Good afternoon, and thank you for joining Northwestern Energy Group's financial results webcast for the quarter ended June 30, 2025. My name is Travis Meyer, and I'm the Director of Corporate Development and Investor Relations Officer for Northwestern. Joining us on the call today are Brian Bird, President and Chief Executive Officer, and Crystal Lael, Chief Financial Officer. They'll walk you through our results for the quarter and provide an overall update on our progress. Northwestern's results have been released, and the release is available on our website at northwesternenergy.com. We also released our 10Q premarket this morning. Please note that our company's press release, this presentation, comments by presenters, and responses to your questions may contain forward-looking statements. As such, I'll direct you to the disclosures contained within our SEC filings and the Safe Harbor provisions included on the second slide of this presentation. Also note that this presentation includes non-GAAP financial measures. Please see the non-GAAP disclosures, definitions, and reconciliations included in the presentation. The webcast is being recorded. The archived replay will be available shortly after the event to remain active for one year. Please visit the financial results section of our website to access the replay. With that, I'll hand the presentation over to Brian Burr for his opening remarks. Thanks, Travis.

Recent highlights for the quarter, we have reported GAAP diluted EPS of 35 cents. With some adjustments, the non-GAAP Divided EPS is $0.40 for the quarter. We're initiating our 2025 earnings guidance range of $3.53 to $3.65. We're affirming our long-term rate base and earnings per share growth rate targets of 4% to 6%. We completed our acquisition of the Energy West and Cutbank Gas. facilities, adding 33,000 customers and 43 valued employees. We entered into our third letter of intent with Klonica to a 500 plus megawatt data center developer. And we declared a dividend of 66 cents per share payable September 30, 2025 to shareholders of record as of September 15, 2025. The Northwestern value proposition continues. We continue to have a very strong dividend yield, right around 5%. That plus our 4% to 6% EPS growth range based upon a five-year capital of about $2.75 billion. I'd argue in about 80% of that is in certainly non-controversial transmission and distribution investments. On a combined basis, that gets us to a 9% to 11% total return. We do have some incremental opportunities to invest incremental capital and grow our earnings, things like data centers and new large load opportunities that we'll discuss, and plus FERC regional transmission, and also any incremental generating capacity or gas transmission, for instance, anything like that could get us over 11% total return. And with that, I'm going to hand it back over to Crystal for the second quarter financial review.