NWN
Northwest Natural Holding Company46.88
+0.00+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
MX3 NTP by end-2026; SiEnergy outperforms
Q&A fleshed out MX3 storage expansion, targeting notice to proceed by end-2026 after finalizing EPC contracts and local permits, with AFUDC during construction and ATM equity funding. SiEnergy exceeded expectations despite mid-2025 Texas housing slowdown—now rebounding with lower rates—fueling record backlog and rate case deliberations via GRIP mechanism. Water prioritizes organic greenfield and CCN expansions over tuck-ins, especially in Texas. Oregon's 1.5% interim rate mechanism sits comfortably in guidance. Storage demand hints at MX3 sequels. SiEnergy beat expectations handily. Management stayed bullish, eyes on execution.
Key Stats
Market Cap
1.95BP/E (TTM)
18.68Basic EPS (TTM)
2.51Dividend Yield
0.04%Recent Filings
8-K
Record EPS, growth guidance
10-K
FY2025 results
Northwest Natural Holding delivered FY2025 net income of $113M, up sharply from $79M in 2024, propelled by new Oregon rates effective November 2024 and October 2025 that boosted NWN Gas Utility margin 13% to $680M despite 20% warmer weather crimping volumes 5% y/y. Q4 accelerated with rate hikes covering $20.7M more revenue requirement on $2.27B rate base, while SiEnergy—acquired January 2025—added $14M net income on $44M margin from 90k Texas meters. Water utility grew connections 6% y/y to 81k amid Arizona rate gains, yet corporate debt costs surged on $760M issuances. Q4 peaked cash flow. Regulatory lag bites.
8-K
NW Natural issues $200M bonds
8-K
GC retires; successor named
NW Natural Holdings' General Counsel MardiLyn Saathoff announced retirement effective April 1, 2026, after nearly 18 years steering legal and regulatory affairs. Board tapped internal rising star Megan H. Berge, 45, as SVP, General Counsel, Chief Compliance Officer, and Corporate Secretary starting January 1, 2026. Succession smooth. Expertise stays intact.
8-K
Q3 loss flat, YTD surges
NW Natural Holdings reported Q3 2025 net loss of $0.73 per share, matching last year, but YTD net income jumped to $1.36 per share from $0.88, fueled by SiEnergy acquisition and Oregon rate case win boosting revenue $20.7 million. Added 95,000 connections at 10.9% growth; invested $333 million in systems. Raised dividend to $1.97 annual for 70th year. Expects 2025 EPS above midpoint of $2.59-$2.79 range. Growth accelerates.
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