Loading...
•
Jun 30, 2021
NW Natural Q2 2021 Earnings Report
Reported a net loss for the second quarter of 2021 due to higher operations and maintenance expenses and higher depreciation and general tax expenses, which was offset by new rates in Oregon, customer growth, and lower financial impacts from COVID-19.
Key Takeaways
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.
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 from continuing operations for the same period in 2020
Earned net income of $1.92 per share for the first six months of 2021, compared to earnings from continuing operations of $1.41 per share for the same period in 2020
Added nearly 12,000 natural gas meters in the last 12 months with a growth rate of 1.6%
Reaffirmed 2021 earnings guidance in the range of $2.40 to $2.60 per share
NW Natural
NW Natural
Forward Guidance
NW Natural Holdings reaffirmed 2021 earnings guidance in the range of $2.40 to $2.60 per share. This guidance assumes continued customer growth, average weather conditions, and no significant changes in prevailing regulatory policies.
Positive Outlook
- Continued customer growth
- Average weather conditions
- No significant changes in prevailing regulatory policies
- No significant changes in prevailing mechanisms
- No significant changes in prevailing outcomes
Challenges Ahead
- Significant changes in local laws
- Significant changes in state legislation
- Significant changes in federal regulations
- COVID-19 pandemic
- Economic disruption