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.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48 cents per share, marking an annual rate of $1.92. The payment is scheduled for August 13, 2021, to shareholders of record by July 30, 2021. With over 160 years of operation, NW Natural provides natural gas to approximately 2.5 million people across Oregon and Southwest Washington. The company also engages in water distribution through NW Natural Water, serving 63,000 individuals.
NW Natural announced early results from its truck loan program with Hyliion Holdings Corp, showcasing a CNG-electric hybrid truck's performance. The program involved Baker Rock Resources, Tillamook County Creamery Association, and CalPortland testing the new technology. Participants reported enhanced power, sustainability, and fuel efficiency, with Baker Rock planning to integrate this technology into their fleet. The CNG trucks demonstrated lower emissions and substantial operating cost savings, aligning with environmental goals while maintaining operational efficiency in real-world conditions.
Northwest Natural Holding Company (NYSE: NWN) reported Q1 2021 earnings of $1.94 per share, up from $1.58 in Q1 2020, primarily due to new rates in Oregon and customer growth. The company added over 11,000 natural gas meters, achieving a growth rate of 1.4%. Net income increased $11.2 million to $59.5 million. Despite higher depreciation and operational expenses, the company reaffirmed its 2021 earnings guidance of $2.40 to $2.60 per share. A dividend of $0.48 per share was declared, payable on May 14, 2021.
NW Natural Water Company has successfully closed two acquisitions: Morning View Water Company and Del Bay Association. Additionally, three more agreements have been signed to acquire utilities in Idaho, Texas, and Washington. Following these acquisitions, NW Natural Water aims to serve approximately 65,000 customers through over 27,000 connections, with a cumulative investment of around $111 million in the water sector. The company emphasizes its commitment to disciplined growth and enhanced customer service while pursuing further growth opportunities across the U.S.
Northwest Natural Holding Company (NYSE: NWN) is set to release its first quarter 2021 earnings on May 5, 2021, at 8 a.m. PT. The company will host an analyst conference call to discuss the results. NW Natural Holdings, based in Portland, Oregon, serves approximately 2.5 million customers via its natural gas service and owns a modern pipeline system. Additionally, NW Natural Water operates to provide water services to around 63,000 customers across multiple states. Further details can be found on their corporate website.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has announced a quarterly dividend of 48 cents per share, payable on May 14, 2021, to shareholders of record as of April 30, 2021. This dividend sets an indicated annual rate of $1.92 per share. NW Natural, serving approximately 2.5 million customers in Oregon and Southwest Washington, has a reputation for high customer satisfaction and owns significant underground gas storage capacity.
Northwest Natural Holdings (NYSE: NWN) reported net income of $2.30 per share for 2020, an increase from $2.19 per share in 2019. The fourth quarter saw net income rise to $1.50 per share from $1.26 year-over-year. Customer growth reached 1.5%, with 11,600 new natural gas meters added. Key investments included $273 million in utility systems and a $45.1 million annual pre-tax earnings benefit from a recent Oregon rate case. The company also announced a dividend increase, marking 65 consecutive years of growth, and initiated 2021 earnings guidance of $2.40 to $2.60 per share.
Northwest Natural Holding Company (NYSE: NWN) will release its fourth quarter and full year 2020 earnings on February 26, 2021, at 8 a.m. PT (11 a.m. ET). The company will host an analyst conference call and webcast to discuss the results. NW Natural provides natural gas service to approximately 2.5 million customers across Oregon and Southwest Washington, boasting one of the most modern pipeline systems in the U.S. Additionally, it offers water distribution services to around 65,000 people. Detailed information can be accessed through their corporate website.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48 cents per share on its common stock. This dividend will be disbursed on February 12, 2021 to shareholders on record as of January 29, 2021, bringing the indicated annual dividend rate to $1.92 per share. The company, based in Portland, has over 160 years of operation, providing natural gas to approximately 2.5 million people across 140 communities and offering water services to 65,000 individuals in the Pacific Northwest and Texas.
NW Natural is partnering with BioCarbN to convert methane from Tyson Foods into renewable natural gas (RNG) for heating homes and businesses. The partnership allows NW Natural to invest up to $38 million in four RNG projects accessing biogas from Tyson's facilities. The first project in Nebraska will require an estimated $8 million investment and is set to start construction in early 2021. Once fully operational, these projects are expected to produce over 1.2 million MMBtu of RNG annually, benefiting around 18,000 homes in Oregon.