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.
Northwest Natural Holding Company (NYSE: NWN) reported first-quarter 2020 earnings of $1.58 per share, up from $1.50 per share in 2019. The company added over 12,400 natural gas meters, achieving a 1.6% growth rate. Despite the COVID-19 pandemic, it reaffirmed 2020 earnings guidance of $2.25 to $2.45 per share. Net income increased $4.9 million to $48.3 million, aided by higher margins from new rates and customer growth. However, challenges included potential impacts from the pandemic, higher depreciation expenses, and a decline in asset management revenue.