Welcome to our dedicated page for Northwest Natrl news (Ticker: NWN), a resource for investors and traders seeking the latest updates and insights on Northwest Natrl stock.
Northwest Natural Holding Company (NYSE: NWN) generates a steady flow of news as a regulated utility holding company with operations in natural gas distribution, water and wastewater services, and renewable fuels. Headquartered in Portland, Oregon and in business for more than 166 years, NW Natural Holdings reports developments across its gas utilities in Oregon, southwest Washington and Texas, its water utility operations in several western states, and its renewables platform.
On this NWN news page, readers can follow company announcements about quarterly and year-to-date financial results, earnings guidance, and segment performance for NWN Gas Utility, SiEnergy Gas Utility, NWN Water Utility and NWN Renewables. Recent releases have covered net income and adjusted net income trends, customer growth in gas and water connections, capital investment levels, and the impact of new rates from general rate cases on utility margins.
News items also highlight regulatory milestones, such as general rate case settlements and final orders from the Public Utility Commission of Oregon, multi-year rate case filings in Washington, and the effects of updated depreciation studies and rate base changes. In Texas, NW Natural Holdings has issued releases on acquisitions like Hughes Gas Resources, Inc., rebranded as Pines Holdings, which expand the SiEnergy gas utility footprint and contracted customer backlog.
Corporate governance, leadership and capital allocation are recurring themes. Company updates include appointments of new independent directors, executive leadership changes in roles such as General Counsel and Chief People Officer, amendments to corporate bylaws, and regular dividend declarations, including a long record of consecutive annual dividend increases. Financing activities, such as bond issuances at the utility level, may also be reflected in related communications.
Investors, analysts and other stakeholders can use this news feed to monitor how Northwest Natural Holding Company manages its regulated utilities, executes acquisitions, navigates rate proceedings and communicates its approach to safety, environmental stewardship and the energy transition. Bookmark this page to review the latest NWN press releases, earnings announcements and regulatory updates as they are issued.
Northwest Natural Holding Company (NYSE: NWN) has been recognized by Ethisphere as one of the 2022 World’s Most Ethical Companies. This marks the first time NWN has received this honor, placing it among only nine companies in the Energy & Utilities sector. A total of 136 companies were acknowledged globally across 22 countries and 45 industries. The recognition reflects NWN's long-standing commitment to integrity, safety, and environmental stewardship, as emphasized by CEO David H. Anderson.
Northwest Natural Holding Company (NYSE: NWN) reported a net income of $2.56 per share for 2021, an 11% increase from 2020. The company added over 11,400 gas meters and invested $294 million in utility systems. Customer satisfaction rankings improved, and the company received an $8 million estimated earnings benefit from a Washington rate case order. NWN initiated 2022 earnings guidance between $2.45 and $2.65 per share and increased its long-term EPS growth target to 4%-6%. Additionally, NW Natural has committed to renewable energy initiatives and significant water acquisitions.
NW Natural Water Company, a subsidiary of Northwest Natural Holding Company (NYSE:NWN), has signed agreements to acquire utilities in Southeast Texas, enhancing its regional presence. These acquisitions include Water Necessities & Rural Water near Beaumont and Caney Creek Utilities in Montgomery. Subject to regulatory approval, these deals are expected to close in 2022, allowing NW Natural Water to serve over 145,000 people across Oregon, Washington, Idaho, Texas, and Arizona. This expansion aligns with the company's strategy to provide reliable water and wastewater services.
NW Natural has ranked second among large utilities in the West for customer satisfaction according to the J.D. Power 2021 Gas Utility Residential Customer Satisfaction Study, scoring 778 out of 1,000. This marks a five-point increase from the previous year. The comprehensive study involved over 58,000 residential customer responses from 84 major gas utility brands across the U.S. NW Natural serves approximately 2.5 million customers in Oregon and Southwest Washington and is recognized for its commitment to safety and customer service.
NW Natural Renewables, a subsidiary of Northwest Natural Holdings (NYSE:NWN), has appointed Michael Kotyk as president. He brings over 25 years of experience in renewable natural gas, having led business development at EDL and DTE Energy's non-regulated affiliates. Under his leadership, NW Natural Renewables aims to capitalize on the growing market for renewable natural gas (RNG), having already earmarked $50 million for two production facilities to convert landfill waste gases to RNG. This strategic move positions the company to meet the increasing demand for sustainable energy solutions.
Northwest Natural Holding Company (NYSE: NWN) will release its fourth quarter and full year 2021 earnings on February 25, 2022, at 8 a.m. PT. The company invites analysts and investors to join a conference call and webcast to review the earnings results. The call can be accessed via the corporate website or by phone for U.S. and international participants. With over 160 years in operation, NW Natural serves approximately 2.5 million people in Oregon and Southwest Washington through a modern pipeline system and is recognized for high customer satisfaction.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.25 cents per share, payable on February 15, 2022, to shareholders of record as of January 31, 2022. This translates to an annual dividend rate of $1.93 per share. NWN has been operational for over 160 years and serves approximately 2.5 million people across Oregon and Southwest Washington through its natural gas and water services.
NW Natural Water Company, a subsidiary of Northwest Natural Holding Company (NYSE:NWN), is set to acquire a stake in Avion Water Company, Oregon's largest investor-owned water utility. This strategic investment aims to enhance NW Natural's presence in Oregon and capitalize on growth opportunities. Avion Water serves approximately 15,000 customers in Bend and surrounding areas. The transaction, expected to close in December 2021, will bolster Avion's financial strength and expansion capacity while maintaining its existing management team.
NW Natural Holding Company (NYSE: NWN) has elected Sandra McDonough to its board effective January 1, 2022. McDonough, formerly president and CEO of Oregon Business & Industry, brings over 20 years of experience in the energy sector, having held senior roles at PG&E National Energy Group and PG&E Gas Transmission Northwest. Her leadership is expected to enhance NWN's community engagement and strategic initiatives. She also joins the board of Northwest Natural Gas Company, a wholly owned subsidiary.
NW Natural Water Company has agreed to acquire the water and wastewater utilities of Far West Water & Sewer in Yuma, Arizona, serving 25,000 connections. This acquisition marks NW Natural Water's entry into its fifth state and is expected to enhance its operational scale, providing services to about 130,000 people across multiple states with a cumulative investment of approximately $200 million. The deal is projected to be accretive to earnings per share after the first full year of operations, pending customary regulatory approvals.