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 reports on regulated natural gas, water and wastewater utility operations through Northwest Natural Gas Company, SiEnergy Operating and NW Natural Water. Recurring news includes earnings releases, common stock dividends, customer and connection growth, and segment updates for gas distribution in Oregon, Southwest Washington and Texas, along with water and wastewater service areas in several western states.
Company updates also cover utility regulatory proceedings, including Oregon and Washington general rate cases, capital structure assumptions, rate base matters and allowed returns. Additional recurring themes include NW Natural's Oregon gas storage assets, capital spending plans, financing needs, and governance changes affecting legal, compliance and corporate secretary functions.
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.
NW Natural has released a report titled Vision 2050: Destination Zero, outlining strategies for achieving carbon neutrality by 2050. This comprehensive assessment showcases multiple pathways utilizing enhanced building energy efficiency, renewable natural gas, clean hydrogen, and carbon capture technologies. The report emphasizes the collaboration of electric and gas systems to ensure reliability against climate challenges. The company serves approximately 2.5 million customers in Oregon and Southwest Washington, showcasing a commitment to environmental stewardship.
NW Natural Holdings (NYSE: NWN) successfully closed a $130 million sustainable bond on November 15, 2021, under its Sustainable Financing Framework. The funds will support renewable natural gas investments and various sustainability initiatives. Additionally, the company amended its credit facility on November 3, 2021, increasing its borrowing capacity to $600 million, linked to environmental metrics. NW Natural aims for 30% carbon savings by 2035 and strives to be carbon neutral by 2050.
Archaea Energy Inc. (NYSE: LFG) announced its third quarter 2021 financial results following its business combination with Aria Energy LLC. The company reported a net loss of $21.9 million over three months, contrasting with a net income of $52.7 million for the nine-month period. Combined RNG production reached 1.43 million MMBtu, with full-year guidance for RNG production set at approximately 5.4 million MMBtu. Archaea has also partnered with NW Natural for a 21-year RNG agreement, enhancing its market position and demonstrating confidence in future growth as it moves toward operational completion of its Project Assai facility.