speaker
Conference Operator
Operator

of Corporate Development and Investor Relations Officer. You may begin.

speaker
Travis
Investor Relations Officer

Thank you, Pruella. And good afternoon and thank you again for joining Northwestern Energy Group's Financial Results Webcast for the quarter ended September 30th, 2025. 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 financial results and provide an overall update on the progress this quarter. Northwestern results have been released, and our release is available on our website at northwesternenergy.com. We also released our 10Q free market this morning. Please note that the 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 sponsors contained within our SEC filings and safe harbor provisions included on the second slide in this presentation. Also note that this presentation includes non-GAAP financial measures and information regarding the pending merger transaction. Please see the non-GAAP disclosures, definitions, reconciliations, and merger-related disclosures included in the appendix of the presentation. Webcast is being recorded. The archived replay will be available today shortly after the event and remain active for one year. Please visit the financial results section of our website to access the replay. With those formalities behind us, I'll hand the presentation over to Brian Bird for his opening remarks.

speaker
Brian Bird
President and Chief Executive Officer

Thank you, Travis. On our recent highlights, we reported GAAP diluted EPS of $0.62 per share, non-GAAP diluted EPS of $0.79 per share for the quarter. We are affirming our 2025 earnings guidance range of $3.53 to $3.65. During the quarter, we integrated our Energy West program TAB, Mark McIntyre:" acquisition of the natural gas assets we've also integrated the customers and employees and we've really tucked that business in seamlessly very, very excited about that opportunity. TAB, Mark McIntyre:" tell you what something even a bit more excited about is the announcement of our agreement with black hills corporation for an all stock merger of equals. TAB, Mark McIntyre:" Even though we. TAB, Mark McIntyre, did that announcement in mid August, we have already filed our joint applications for the transaction approval, but the regulatory commissions in Montana nebraska and South Dakota. TAB, Mark McIntyre, In addition, during the quarter we filed a tariff waiver request with the mpsc for recovery of our operating costs associated with the vista coal strip interest. And recently we submitted 131 megawatt natural gas generation project in the Southwest Power Pool Expedited Resource Adequacy Study. And that project, if we move forward, will be approximately a $300 million project, which is currently not included in our five-year CapEx plan. And lastly, a dividend declared during the quarter, 66%. 66 cents per share payable December 31, 2025 to shareholders of record of December 15, 2025. Moving forward to the northwestern value proposition with a dividend yield between four to five percent add that to a base capital plan providing a four to six percent EPS growth gives us a total return of eight to eleven percent total return And if you think about that CapEx plan, the vast majority of that is in a T&D investment throughout our total system on both the gas and electric side of our business. Obviously necessary to serve our customers. If you consider the incremental opportunities we have, certainly with data centers and large load customers, FERC regional transmission, and any incremental generating capacity, some of which I just spoke to, You could see the dividend yield plus that greater than 6% EPS growth, giving a total return even greater than 11%. And with that, I'm going to turn it over to Crystal to talk about the third quarter financial review.

Disclaimer

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