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Sep 30, 2021
NW Natural Q3 2021 Earnings Report
Reported a net loss for the third quarter of 2021 and reaffirmed 2021 earnings guidance.
Key Takeaways
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.
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.
Earned net income of $1.24 per share for the first nine months of 2021 for an increase of $13.7 million or 55%, compared to earnings from continuing operations of $0.80 per share for the same period in 2020.
Added nearly 12,000 natural gas meters in the last 12 months for a growth rate of 1.5% at Sept. 30, 2021.
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.
Positive Outlook
- Continued customer growth
- Average weather conditions
- No significant changes in prevailing regulatory policies, mechanisms, or outcomes
- No significant local, state or federal laws, legislation or regulations