Investor Presentaiton slide image

Investor Presentaiton

L (dollars in millions) Electric Natural Gas Total Gross Margin (1) Appendix 41 Gross Margin (Fourth Quarter) Three Months Ended December 31, 2020 2019 Variance(1) $ 170.8 $ 186.1 $ (15.3) (8.2)% 56.8 59.7 (2.9) (4.8)% $ 227.6 $ 245.8 $ (18.2) (7.4)% (1) Decrease in gross margin due to the following factors: $ (9.4) Disallowance of prior period supply costs (4.5) Electric retail volumes and demand (2.3) Natural gas retail volumes (0.9) Electric transmission (0.4) Montana natural gas production rates 0.5 (4.0) $ (21.0) $ 2.8 1.1 (1.0) (0.1) $ 2.8 $ (18.2) Montana electric supply cost recovery Other Change in Gross Margin Impacting Net Income Gross Margin, defined as revenues less cost of sales, is a non-GAAP Measure See appendix for additional disclosure. Property taxes recovered in revenue, offset in property tax expense Operating expenses recovered in trackers, offset in operating expense Production tax credits reducing revenue, offset in income tax expense Gas production taxes recovered in revenue, offset in property & other taxes Change in Gross Margin Offset Within Net Income Decrease in Gross Margin NorthWestern Energy Delivering a Bright Future 41
View entire presentation