Loading...
•
Dec 31, 2020
NW Natural Q4 2020 Earnings Report
Reported net income and initiated 2021 earnings guidance.
Key Takeaways
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.
Reported net income from continuing operations of $1.50 per share for the fourth quarter of 2020, compared to $1.26 per share for 2019
Added nearly 11,600 natural gas meters over the last 12 months equating to a 1.5% growth rate
Invested $273 million in utility systems to support growth and greater reliability and resiliency
Initiated 2021 earnings guidance in the range of $2.40 to $2.60 per share
NW Natural
NW Natural
Forward Guidance
NW Natural Holdings is initiating 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, 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