NorthWestern Energy Group, Inc (NASDAQ:NWE) Q2 2024 Results Conference Call July 31, 2024 3:30 PM ET

Company Participants

Travis Meyer - Director of Corporate Development and Investor Relations Officer
Brian Bird - President and Chief Executive Officer
Crystal Lail - Chief Financial Officer

Conference Call Participants

Robin Shillock - JPMorgan
Jamieson Ward - Jefferies
Alexander Mortimer - Mizuho Securities
Anthony Crowdell - Mizuho Securities

Travis Meyer

Good afternoon, and thank you for joining NorthWestern Energy Group's Financial Results webcast for the Quarter Ended June 30, 2024. My name is Travis Meyer. I'm the Director of Corporate Development and Investor Relations Officer for NorthWestern.

Joining us today to walk through the results and provide an overall update are Brian Bird, President and Chief Executive Officer; and Crystal Lail, Chief Financial Officer. [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 this morning. Please note that this 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 financials and safe harbor provisions included in the second slide of this presentation.

Also, please note this presentation includes non-GAAP financial measures. Please see the non-GAAP disclosures, definitions and reconciliations also included in the presentation. Webcast is being recorded. The archived replay of today's webcast will be available for 1 year beginning at 6:00 p.m. Eastern today and can be found in the Financial Results section of our website.

With that, I'll hand the presentation over to Brian Bird for opening remarks.

Brian Bird

Thanks, Travis, and greetings to all of you from Great Falls, Montana, we've a Board meeting here this week, and we had an opportunity to tour some of our hydro facilities. That was great fun and I had the opportunity to meet with Energy West employees this morning here in Great Falls. So we'll talk about that a bit later.

Our recent highlights as noted on Page 3, as we reported GAAP diluted EPS of $0.52, share in non-GAAP diluted EPS of $0.53. We're affirming our 2024 diluted EPS guidance of $3.42 to $3.62. We're affirming our long-term 5-year rate base and earnings per share growth rate targets of 4% to 6% and we declared a dividend for the quarter of $0.65 per share payable September 30, 2024 to shareholders of record as of September 13, 2024.