NW Natural Earnings Reports

NW Natural Holdings reported a net loss of $2.5 million for the second quarter of 2025, or $0.06 per share, which was an improvement compared to a net loss of $2.8 million, or $0.07 per share, in the same period last year. Adjusted net income for the quarter was $0.3 million, or $0.01 per share. The company saw strong customer growth, adding over 92,000 gas and water utility connections in the last 12 months, primarily due to the acquisitions of SiEnergy and Pines. They also reaffirmed their adjusted 2025 EPS guidance.

NW Natural Holdings reported strong Q1 2025 results, with GAAP EPS of $2.18 and adjusted EPS of $2.28, showing significant increases from the prior year. The company's performance was boosted by new rates, the acquisition of SiEnergy, and growth in their water and renewables businesses. They also announced an agreement to acquire another Texas gas utility, Hughes Gas Resources, Inc.

NW Natural Holdings reported a slight increase in net income for Q4 2024 compared to Q4 2023. The company's results reflected new rates in Oregon, offset by higher pension costs and lower interest income.

NW Natural Holdings reported a net loss of $27.2 million ($0.71 per share) for the third quarter of 2024, compared to a net loss of $23.7 million ($0.65 per share) for the same period in 2023. The company reaffirmed its 2024 EPS guidance in the range of $1.94 to $2.14 on a GAAP basis or $2.20 to $2.40 on a non-GAAP Adjusted Basis, and long-term EPS growth rate target of 4% to 6% from 2022 through 2027.

NW Natural Holdings reported a net loss of $2.8 million, or $0.07 per share, for the second quarter of 2024, compared to a net income of $1.2 million, or $0.03 per share, for the same period in 2023. The decrease was primarily due to regulatory lag from higher depreciation and pension expenses. The company reaffirmed its 2024 earnings guidance in the range of $2.20 to $2.40 per share.

NW Natural Holdings reported a net income of $63.8 million ($1.69 per share) for Q1 2024, compared to $71.7 million ($2.01 per share) for the same period in 2023. The company added nearly 15,000 gas and water utility connections in the last 12 months, representing a growth rate of 1.7%. They reaffirmed their 2024 earnings guidance in the range of $2.20 to $2.40 per share.

NW Natural Holdings reported a net income of $44.6 million for the fourth quarter of 2023, a decrease compared to $47.9 million in the same period of 2022. The decrease was mainly due to higher operating expenses and interest expense, partially offset by new rates in Oregon and Washington and higher interest income.

NW Natural Holdings reported a net loss of $23.7 million ($0.65 per share) for Q3 2023, compared to a net loss of $19.6 million ($0.56 per share) for the same period in 2022. The results reflect the seasonal nature of the gas utility business, with most revenues generated during the winter heating season. The company reaffirmed its 2023 earnings guidance in the range of $2.55 to $2.75 per share.

NW Natural Holdings reported a net income of $1.2 million, or $0.03 per share, for the second quarter of 2023, compared to $1.7 million, or $0.05 per share, for the same period in 2022. The results reflect higher operating costs, partially offset by new rates in Oregon and Washington for the natural gas utility. The company reaffirmed its 2023 earnings guidance in the range of $2.55 to $2.75 per share.

NW Natural Holdings reported a strong first quarter with net income increasing by $15.5 million to $71.7 million, or $2.01 per share, driven by new rates in Oregon and Washington, customer growth, and lower pension expense, which was partially offset by higher operations and maintenance expenses. The company reaffirmed its 2023 earnings guidance of $2.55 to $2.75 per share and its long-term earnings per share growth target of 4% to 6%. NW Natural continues to expand its renewable natural gas (RNG) portfolio and water operations & maintenance service business.

NW Natural Holdings reported a net income of $47.9 million, or $1.36 per share, for the fourth quarter of 2022, compared to $40.5 million, or $1.32 per share, for the same period in 2021. The increase was primarily driven by new rates in Oregon and Washington, partially offset by higher operating expenses.

NW Natural Holdings reported a net loss of $19.6 million ($0.56 per share) for the third quarter of 2022, compared to a net loss of $20.7 million ($0.67 per share) for the same period in 2021. The third quarter reflects the seasonal nature of the gas utility's earnings where the majority of revenues are generated during the winter heating season in the first and fourth quarters each year.

NW Natural Holdings reported a net income of $1.7 million ($0.05 per share) for the second quarter of 2022, compared to a net loss of $0.7 million ($0.02 per share) for the same period in 2021. The company reaffirmed its 2022 earnings guidance in the range of $2.45 to $2.65 per share and its long-term earnings per share growth rate target of 4% to 6%.

NW Natural Holdings reported a decrease in net income for the first quarter of 2022, with earnings of $1.80 per share compared to $1.94 per share for the same period in 2021. The company added over 10,800 natural gas meters in the last 12 months and commenced operations at its first renewable natural gas facility.

NW Natural Holdings reported a net income of $40.5 million for the fourth quarter of 2021, a decrease compared to $45.8 million for the same period in 2020. The company initiated 2022 earnings guidance in the range of $2.45 to $2.65 per share and increased the long-term earnings per share growth rate target to 4% to 6%.

NW Natural Holdings reported a net loss of $0.67 per share for the third quarter of 2021, compared to a net loss of $0.61 per share for the same period in 2020. However, year-to-date net income increased by $13.7 million. The company reaffirmed its 2021 earnings guidance in the range of $2.40 to $2.60 per share.

NW Natural Holdings reported a net loss of $0.02 per share for the second quarter of 2021, compared to a net loss of $0.17 per share for the same period in 2020. The company reaffirmed its 2021 earnings guidance in the range of $2.40 to $2.60 per share.

NW Natural Holdings reported a net income of $59.5 million, or $1.94 per share, for the first quarter of 2021, compared to $48.3 million, or $1.58 per share, for the same period in 2020. The results were driven by new rates in Oregon, customer growth, and asset management benefits, partially offset by the financial effects of COVID-19.

NW Natural Holdings reported a strong fourth quarter and full year 2020, with Q4 net income from continuing operations at $1.50 per share, compared to $1.26 per share for 2019. The company added nearly 11,600 natural gas meters over the last 12 months, representing a 1.5% growth rate, and initiated 2021 earnings guidance in the range of $2.40 to $2.60 per share.

NW Natural Holdings reported a net loss of $0.61 per share for the third quarter of 2020, consistent with the same period in 2019. Year-to-date earnings were $0.80 per share, compared to $0.91 per share in 2019. The company reaffirmed its 2020 GAAP earnings guidance.

NW Natural Holdings reported a net loss of $5.1 million, or $0.17 per share, for the second quarter of 2020, compared to net income of $2.1 million, or $0.07 per share, for the same period in 2019. The results reflected a prior period reversal of an environmental remediation expense reserve which benefited earnings in 2019, higher operations and maintenance expenses, and the financial effects resulting from COVID-19.

NW Natural Holdings reported a net income from continuing operations of $48.3 million, or $1.58 per share, for the first quarter of 2020, compared to $43.4 million, or $1.50 per share, for the same period in 2019. The company reaffirmed its 2020 GAAP earnings guidance from continuing operations in the range of $2.25 to $2.45 per share and guided toward the lower end of the range due to potential implications from COVID-19.

NW Natural Holdings reported an increase in net income from continuing operations for the fourth quarter of 2019. The natural gas distribution segment saw an increase in net income due to revenues from the North Mist facility and higher rates. The company initiated 2020 earnings guidance from continuing operations in the range of $2.25 to $2.45 per share.