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MONTANA POWER REPORTS EARNINGS

 MONTANA POWER REPORTS EARNINGS
 BUTTE, Mont., July 27 /PRNewswire/ -- The Montana Power Co.


(NYSE: MTP) reported net income for the quarter ended June 30, 1992, of 8 cents per share, compared with 19 cents per share for the second quarter of 1991. Net income for the six-month and 12-month periods ended June 30, 1992, decreased 15 cents per share and 6 cents per share, respectively, from the same periods in 1991.
 Consolidated net income for the quarter and six-month periods declined principally due to the adverse impact of warm weather and poor hydroelectric conditions on utility operations. For the first six months of this year, the average heating temperature was 21-percent warmer than normal and, because of reduced snowpack, hydrogeneration was down 18 percent. The adverse impact on earnings due to these two items is estimated to be about 10 cents per share for the second quarter and 18 cents per share for the six-month period.
 Consolidated net income for the 12-month period was less than for the comparable period last year because of losses incurred at a coal mine acquired in June 1991 and the effect of several non-recurring events. Production at the mine was stopped in April 1992 and will resume when market conditions allow.
 THE MONTANA POWER CO.
 (In thousands, except per-share data)
 Quarter Ended June 30: 1992 1991
 Consolidated revenues $200,511 $198,475
 Net income $ 5,050 $ 10,453
 Net income available for common $ 4,102 $ 9,505
 Average shares outstanding 51,021 50,220
 Net income per share $ 0.08 $ 0.19
 Six Months Ended June 30: 1992 1991
 Consolidated revenues $470,858 $461,884
 Net income $ 46,667 $ 53,302
 Net income available for common $ 44,772 $ 51,407
 Average shares outstanding 50,906 50,140
 Net income per share $ 0.88 $ 1.03
 Twelve Months Ended June 30: 1992 1991
 Consolidated revenues $947,909 $887,546
 Net income $ 99,081 $100,842
 Net income available for common $ 95,291 $ 97,052
 Average shares outstanding 50,699 49,983
 Net income per share $ 1.88 $ 1.94
 CONSOLIDATED NET INCOME PER SHARE BY BUSINESS SEGMENTS
 Quarter Six Months 12 Months
 Ended June 30: 1992 1991 1992 1991 1992 1991
 Utility Operations $(0.12) $(0.03) $0.35 $0.47 $0.86 $0.88
 Entech Inc. 0.19 0.18 0.49 0.52 0.95 1.03
 Independent Power Group 0.01 0.04 0.04 0.04 0.07 0.03
 Consolidated $ 0.08 $ 0.19 $0.88 $1.03 $1.88 $1.94
 -0- 7/27/92
 /CONTACT: Russ Cox of Montana Power, 406-496-5040/
 (MTP) CO: The Montana Power Co. ST: Montana IN: UTI SU: ERN


SC-LM -- SE005 -- 3599 07/27/92 14:51 EDT
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Date:Jul 27, 1992
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