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 Holdings and NW Natural CEO David H. Anderson announced his retirement, effective April 1, 2025. The Board of Directors named Justin B. Palfreyman, current president of NW Natural Holdings, as Anderson's successor. David has led the company since August 2016, focusing on decarbonization, and building a water, wastewater, and renewables business. The Board expressed confidence in Palfreyman's leadership abilities and strategic vision, citing his strong performance and industry experience. Palfreyman joined NW Natural in 2016 and has held various executive roles, contributing significantly to the company's growth and customer service achievements.
NW Natural and Modern Hydrogen have unveiled a new project at NW Natural’s Central Resource Center in Portland, utilizing methane pyrolysis technology to produce clean hydrogen and capture solid carbon.
This project marks several firsts, including the first utility-distributed pyrolysis system, pipeline injection of pyrolytic hydrogen, and solid carbon capture for both companies.
The hydrogen generated is blended with natural gas and delivered via existing infrastructure, while the captured carbon is used in Modern Hydrogen’s asphalt products.
This three-year pilot is part of NW Natural’s broader efforts to explore hydrogen applications and reduce greenhouse gas emissions.
The latest polling conducted for NW Natural by DHM Research shows that 72% of voters oppose banning natural gas for new homes and buildings, with an increase of 9 percentage points since 2019. The poll also indicates that 81% of respondents believe both electricity and natural gas are essential for reliable energy supply. NW Natural's report highlights the importance of dual energy systems during the winter storm in January 2024.
Northwest Natural Holding Company (NYSE: NWN) reported net income of $63.8 million ($1.69 per share) for Q1 2024, compared to $71.7 million ($2.01 per share) in Q1 2023. NW Natural Holdings added 15,000 gas and water connections, credited Oregon gas customers $30 million, achieved record gas delivery during a winter storm, and was honored as one of the World's Most Ethical Companies® by Ethisphere. The company reaffirmed its 2024 earnings guidance of $2.20 to $2.40 per share and a long-term EPS growth rate of 4% to 6% from 2022 to 2027.
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