North Western Energy (NWE - Free Report) reported fourth-quarter 2017 operating earnings of 98 cents per share, which missed the Zacks Consensus Estimate of $1.02 by 3.9%.
However, earnings improved 7.7% from 91 cents in the year-ago quarter.
In 2017, GAAP earnings were $3.34 per share, down 5 cents from $3.39 in the year-ago quarter. Non-GAAP earnings were $3.30, at the lower end of guidance.
North Western Energy’s total revenues were $344.5 million, up 4.2% from $330.5 million in fourth-quarter 2016.
Highlights of the Release
Total operating expenses rose 3.6% year over year to $164.5 million. Increase in expenses was caused by higher maintenance costs at Dave Gates Generating Station & Colstrip Unit 4 and bad debt expenses.
Interest expenses amounted to $22.3 million, down 2.9% from the year-ago quarter.
Operating income totaled $71 million, up 10.8% year over year.
In 2017, total net liquidity was $88.9 million, down 14.7% from the year-ago quarter. This includes cash of $8.5 million and available revolving credit facility of $80.4 million.
The company announced that it has raised the quarterly dividend payment by 4.8% to 55 cents per share. The dividend is payable on Mar 30, to shareholders of record as of Mar 15.
North Western Energy reiterated 2018 earnings in the range of $3.35-$3.50 per share.
North Western Energy has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Electric Power (AEP - Free Report) reported fourth-quarter 2017 operating earnings of 85 cents per share, beating the Zacks Consensus Estimate of 81 cents by 4.9%.
NextEra Energy (NEE - Free Report) reported fourth-quarter 2017 adjusted earnings of $1.25 per share, which lagged the Zacks Consensus Estimate of $1.31 by 4.6%.
Dominion Energy (D - Free Report) reported fourth-quarter 2017 operating earnings of 91 cents per share, beating the Zacks Consensus Estimate of 88 cents by 3.4%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>