Call Start: 11:00 January 1, 0000 11:51 AM ET

NorthWestern Corporation (NASDAQ:NWE)

Q2 2023 Earnings Conference Call

July 26, 2023, 11:00 am ET

Company Participants

Travis Meyer - Corporate Development & IRO

Brian Bird - President & CEO

Crystal Lail - CFO

Conference Call Participants

Shar Pourreza - Guggenheim

Robin Shillock - JP Morgan

Paul Fremont - Ladenburg Thalmann

Sophie Karp - KeyBanc

Jonathan Reeder - Wells Fargo

Paul Zimbardo - BofA

Chris Ellinghaus - Siebert Williams Shank

Travis Meyer

Good morning and thank you for joining NorthWestern Corporation's Financial Results Webcast for the June 30, 2023 Second Quarter Results.

My name is Travis Meyer. I'm the Corporate Development and Investor Relations Officer for NorthWestern. Joining us today to walk you through the results and provide an overall update are Brian Bird, President and Chief Executive Officer; and Crystal Lail, Chief Financial Officer. All participants' lines are currently muted. After the presentation, we have allowed time for a Q&A session. I'll provide instructions for asking questions at that time. [Operator Instructions].

NorthWestern's results have been released, and the release is available on our website at northwesternenergy.com. We also released our 10-Q premarket on Tuesday 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 disclosures contained in our SEC filings and in our Safe Harbor provisions included on the second slide of this presentation.

Please also note, this presentation includes non-GAAP financial measures. Please see the non-GAAP disclosures, definitions and reconciliations also included in the presentation today.

The webcast is being recorded. The archived replay of today's webcast will be available for one year beginning at 6:00 p.m. Eastern Time today and can be found in the Financial Results section of our website.

With that, I'll hand the presentation over to NorthWestern's CEO, Brian Bird.

Brian Bird

Thanks, Travis. Good morning, folks.

I know many of you would've liked to have heard from us yesterday. That's -- but the reason we're having the call this morning is to diminish the amount of travel necessary on Sunday. Our Board meeting ran late on Tuesday, and so we decided to have the call here on Wednesday morning.

To start, regarding the second quarter, we are very, very busy on the regulatory front. As you're well aware, we have recently filed a South Dakota electric rate review and obviously we're waiting for a decision on our multi-party settlement in the Montana rate review. And so hopefully we'll hear from that that real soon.