Northwest Natural Holding Compa
46.00-1.13 (-2.4%)
Oct 29, 4:00:02 PM EDT · NYSE · NWN · USD
Key Stats
Market Cap
1.88BP/E (TTM)
18.11Basic EPS (TTM)
2.54Dividend Yield
0.04%Recent Filings
8-K
8-K
NW Natural seeks rate hikes
Northwest Natural Gas Company filed for a multi-year rate increase with the Washington Utilities and Transportation Commission on August 29, 2025, targeting $25.6 million in Year 1 starting August 1, 2026, followed by $8.6 million in Year 2 and $8.3 million in Year 3. The plan funds safety and reliability investments, including Mist gas storage and metering upgrades, amid inflation and a $94.5 million rate base expansion since 2021. Rates hinge on regulatory approval after up to 11 months. Regulatory risks could alter outcomes.
8-K
SiEnergy issues $185M notes
SiEnergy Gas, a subsidiary of Northwest Natural Holding Company, issued $185 million in senior notes on August 25, 2025, comprising $50 million at 4.86% due 2030, $40 million at 5.42% due 2035, and $95 million at 6.04% due 2055, secured by its assets and exempt from SEC registration. Proceeds will repay existing credit agreement debt for general corporate purposes, while maintaining a 70% debt-to-capitalization ratio. No parent guarantee applies. Risks include market uncertainties.
8-K
Q2 loss, YTD gains, Pines acquired
Northwest Natural Holdings reported a Q2 2025 net loss of $0.06 per share, yet year-to-date net income hit $2.11 per share, up from $1.60 last year, fueled by Oregon rate hikes and SiEnergy contributions. The company closed its $60.8 million Pines acquisition in June, boosting Texas gas connections and 10.6% overall growth. Acquisitions drive expansion. It reaffirmed adjusted 2025 EPS guidance of $2.75-$2.95, but regulatory approvals pose risks.
10-Q
Q2 FY2025 results
Northwest Natural Holding Company posted a Q2 net loss of $2.5 million, or $(0.06) per diluted share, an improvement from $(2.8) million, or $(0.07) per share, a year ago, while YTD net income climbed 40% to $85.4 million, or $2.11 per share, from $61.0 million, or $1.60 per share. Operating revenues rose 12% y/y to $236.2 million in Q2 and 13% y/y to $730.5 million YTD, driven by new Oregon rates effective November 2024 and the January 2025 SiEnergy acquisition for $271.1 million cash plus $156.1 million debt, recognizing $171.0 million goodwill; Q2 SiEnergy revenues contributed $11.5 million. NWN Gas Utility margin expanded 15% y/y to $127.2 million in Q2 (derived) and 17% y/y to $384.0 million YTD (derived), while operating income grew 73% y/y to $27.2 million in Q2 and 45% y/y to $181.6 million YTD, tempered by higher depreciation and interest from debt issuances. Cash from operations hit $281.8 million YTD, up 14% y/y, with $102.6 million cash on hand; free cash flow stood at $59.1 million YTD (derived), supporting $222.7 million capex; total debt reached $2.2 billion, with $157.4 million short-term commercial paper at 4.8%. Acquisitions bolstered Texas presence, serving 83,000 meters. Regulatory pressures from Washington's Climate Commitment Act and Oregon's cap-and-trade loom as key risks.
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