Earnings summaries and quarterly performance for Northwest Natural Holding.
Executive leadership at Northwest Natural Holding.
Justin Palfreyman
President and Chief Executive Officer
Brody Wilson
Vice President, Treasurer, Controller and Chief Accounting Officer
MardiLyn Saathoff
General Counsel, Chief Compliance Officer, and SVP Regulatory
Megan Berge
Deputy General Counsel and Corporate Secretary
Raymond Kaszuba
Senior Vice President and Chief Financial Officer
Board of directors at Northwest Natural Holding.
Charles Wilhoite
Director
David Anderson
Director
Jane Peverett
Director
Karen Lee
Director
Malia Wasson
Chair of the Board
Mary Ludford
Director
Monica Enand
Director
Nathan Partain
Director
Peter Bragdon
Director
Sandra McDonough
Director
Research analysts who have asked questions during Northwest Natural Holding earnings calls.
Tim O'Toole
Stifel Financial Corp
5 questions for NWN
Selman Akyol
Stifel
4 questions for NWN
Alex Kania
Marathon Capital
2 questions for NWN
Chris Ellinghaus
Siebert Williams Shank
2 questions for NWN
Christopher Ellinghaus
Siebert Williams Shank & Co., LLC
2 questions for NWN
Tyler Rakers
Stifel
1 question for NWN
Recent press releases and 8-K filings for NWN.
- Northwest Natural Holding reported record-adjusted earnings per share of $2.93 for the full year 2025, an increase from $2.33 per share in 2024, and initiated 2026 earnings per share guidance of $2.95-$3.15.
- The company reaffirmed its long-term EPS growth rate of 4%-6% compounded annually from 2025 through 2030, with the potential to increase to 5%-7% once the MX3 Gas Storage Expansion project receives notice to proceed.
- Strategic growth drivers, including SiEnergy and the Water segment, significantly contributed to 2025 results, with SiEnergy contributing $0.33 per share and the Water segment $0.35 per share.
- NWN plans $2.6 billion-$2.9 billion in capital expenditures through 2030, including $500 million-$550 million in 2026, supported by 2%-3% consolidated organic customer growth and 6%-8% rate-based growth.
- The company achieved its 70th consecutive year of dividend growth in 2025 and aims for a long-term dividend payout ratio of 55%-65%.
- Northwest Natural Holding Company reported record-adjusted earnings per share of $2.93 for the full year 2025, which was at the top of its guidance range.
- The company initiated 2026 earnings per share guidance of $2.95-$3.15 and reaffirmed its long-term EPS growth rate of 4%-6% compounded annually from 2025 adjusted EPS through 2030.
- A new MX3 Gas Storage Expansion project, estimated to cost $300 million and expected to be in service by the end of 2029, has the potential to raise the long-term EPS outlook to 5%-7% once notice to proceed is achieved by the end of 2027.
- SiEnergy and the Water segment significantly contributed to 2025 results, with SiEnergy contributing $0.33 per share and Water contributing $0.35 per share, both exceeding expectations.
- The company anticipates consolidated capital expenditures of approximately $500 million-$550 million in 2026, as part of a $2.6 billion-$2.9 billion five-year CapEx plan through 2030.
- Northwest Natural Holding reported adjusted earnings per share (EPS) of $2.93 for the full year 2025.
- For 2026, the company forecasts EPS guidance of $2.95 to $3.15 and targets a long-term annual EPS growth rate of 4-6% from 2025 to 2030.
- Total capital expenditures are projected to be $500-550 million in 2026, with a total of $2.6-2.9 billion planned for 2026-2030.
- A key strategic priority for 2026 is the development of the MX3 Gas Storage Project, which involves approximately $300 million in capital expenditures and is expected to be in service by the end of 2029.
- Northwest Natural Holding reported record-adjusted earnings per share of $2.93 for the full year 2025, exceeding expectations, and provided 2026 EPS guidance of $2.95-$3.15.
- The company reaffirmed its long-term EPS growth rate of 4%-6% compounded annually through 2030, with a potential increase to 5%-7% upon receiving "notice to proceed" for the $300 million MX3 Gas Storage Expansion project.
- Record capital expenditures of $467 million were invested in 2025, with plans for $500 million-$550 million in 2026 and a five-year CapEx plan of $2.6 billion-$2.9 billion through 2030.
- The SiEnergy and Water segments significantly contributed to 2025 results, with SiEnergy contributing $0.33 per share and Water contributing $0.35 per share, both exceeding expectations, and are projected to contribute approximately 25% of consolidated earnings in 2026.
- NW Natural Holdings reported record adjusted earnings per share (EPS) of $2.93 for 2025, an increase from $2.33 in 2024.
- The company initiated 2026 EPS guidance of $2.95–3.15 and reaffirmed a long-term EPS growth rate target of 4–6% through 2030.
- Customer connections grew by 11.1%, adding approximately 98,000 gas and water utility connections in 2025, primarily driven by the acquisition of SiEnergy.
- NW Natural Holdings invested a record $467 million in its utility systems in 2025 and announced a new Mist Gas Storage Expansion project (MX3) with expected capital expenditures of $300 million.
- NW Natural Holdings reported record adjusted earnings per share (EPS) of $2.93 for 2025, an increase from $2.33 in 2024.
- The company initiated 2026 EPS guidance of $2.95–3.15 and reaffirmed a long-term EPS growth rate target of 4–6% through 2030.
- Customer connections grew by approximately 98,000 in the last 12 months, a 11.1% combined growth rate, largely due to the acquisition of SiEnergy.
- NW Natural Holdings plans $2.6–2.9 billion in capital expenditures from 2026–2030 to support a 6–8% rate base growth and announced the MX3 storage expansion project with an estimated cost of $300 million.
- The company also increased its dividend for the 70th consecutive year in November 2025.
- NWN Federal has been awarded a position on the Missile Defense Agency’s (MDA) Systems, Hardware, Integration, Enhanced Logistics, and Development (SHIELD) Indefinite Delivery, Indefinite Quantity (IDIQ) contract vehicle.
- The multi-award SHIELD IDIQ contract is valued at $151 billion and enables NWN to compete for future task orders focused on strengthening missile defense systems and enhancing mission readiness.
- The contract emphasizes the rapid delivery of innovative capabilities, leveraging artificial intelligence and machine learning, digital engineering, and agile processes.
- Dan Tassone, NWN’s Chief Revenue Officer, stated that this award underscores NWN's commitment to supporting mission-critical defense initiatives with secure, scalable, and innovative technology solutions.
- Northwest Natural Holding Company reported a Q3 2025 loss of $0.73 per share and year-to-date adjusted earnings of $1.52 per share, while reaffirming its full-year 2025 adjusted earnings guidance of $2.75 to $2.95 per share and expecting to be above the midpoint.
- The board approved a dividend increase, marking the 70th consecutive year of annual dividend increases.
- Significant regulatory developments include the Oregon Public Utility Commission approving a $20.7 million revenue requirement increase with a 9.5% ROE, and the filing of a Washington general rate case requesting a $42.4 million increase over three years.
- The company projects $450 million to $500 million in consolidated capital expenditures for 2025 and reaffirmed its long-term earnings growth rate of 4%-6%.
- NWN achieved adjusted EPS of $1.52 for YTD Q3 2025, compared to $0.88 for the prior year, and expects 2025 results to be above the midpoint of its adjusted EPS guidance range of $2.75 - $2.95.
- The company invested over $330 million in its gas and water systems in the first nine months of 2025 and added over 95,000 gas and water utility connections in the last 12 months, a combined growth rate of 10.9% as of September 30, 2025, mainly driven by Texas acquisitions.
- NWN increased its dividend for the 70th consecutive year.
- The company received an Oregon general rate case order providing a $20.7 million revenue requirement increase, with new customer rates effective October 31, 2025, and filed a multi-year general rate case request in Washington for a total $42.4 million revenue requirement increase over three years, expected to be effective August 1, 2026.
- NW Natural Holdings reported a net loss of $0.73 per share for the third quarter of 2025, compared to a net loss of $0.71 per share for the same period in 2024. For the first nine months of 2025, the company achieved net income of $1.36 per share and adjusted net income of $1.52 per share.
- The company expects 2025 results to be above the midpoint of its updated GAAP EPS guidance range of $2.59 to $2.79 and adjusted EPS guidance of $2.75 to $2.95. It also reaffirmed a long-term EPS growth rate target of 4% to 6%.
- NW Natural Holdings increased its dividend for the 70th consecutive year, with an annual indicated dividend rate of $1.97 per share.
- The company added over 95,000 gas and water utility connections in the last 12 months, representing a combined growth rate of 10.9% as of September 30, 2025, mainly driven by the acquisition of SiEnergy. New rates in Oregon, effective October 31, 2025, are expected to increase the revenue requirement by $20.7 million, or 2.0%.
Quarterly earnings call transcripts for Northwest Natural Holding.
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