Company Reports Q1 Revenue of $606M, Below Expectations
Reports Q1 revenue $606.0M, consensus $688.26M. "We delivered a strong first quarter when accounting for the impact of warmer weather across our service territory," said CEO Nicole Kivisto. "Milder conditions reduced volumes, and normalization mechanisms in several of our states helped offset those impacts, demonstrating the strength of our regulated businesses. At the same time, rate relief as well as recent investments such as Badger Wind Farm and our pipeline expansions contributed positive results. Additionally, we continue to see encouraging demand trends, including continued interest from data center development and strong interest in our proposed Bakken East Pipeline Project. Our ability to deliver consistent results in a dynamic energy environment speaks to the strength and operational discipline of our teams. Our employees remain focused on safety, reliability and cost-effectiveness, enabling us to deliver long-term value to our customers and stockholders."
