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Dec 31, 2019
NW Natural Q4 2019 Earnings Report
Reported increase in natural gas distribution segment net income due to revenues from the North Mist facility and higher rates.
Key Takeaways
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.
Net income from continuing operations was $1.26 per share.
Natural gas distribution segment net income increased $5.4 million.
Margin increased $5.1 million primarily due to the commencement of storage services at our North Mist facility and customer growth.
Initiated 2020 earnings guidance in the range of $2.25 to $2.45 per share from continuing operations
NW Natural
NW Natural
Forward Guidance
NW Natural Holdings initiated 2020 earnings guidance from continuing operations in the range of $2.25 to $2.45 per share. This guidance assumes continued customer growth, average weather conditions, and no significant changes in prevailing regulatory policies, mechanisms, or outcomes, or significant local, state or federal laws, legislation or regulations.
Positive Outlook
- Continued customer growth
- Average weather conditions
- No significant changes in prevailing regulatory policies
- No significant changes in regulatory mechanisms or outcomes
- No significant changes in local, state or federal laws, legislation or regulations