Northwest Natrl Stock Price, News & Analysis

Northwest Natural Holding Company (NYSE: NWN) reported a net loss of $19.6 million ($0.56 per share) for Q3 2022, a slight improvement from a net loss of $20.7 million ($0.67 per share) in Q3 2021. Year-to-date net income reached $38.4 million ($1.14 per share) compared to $38.1 million ($1.24 per share) in 2021. The company added nearly 8,800 gas meters in the past year, reflecting 1.1% growth. It invested over $250 million in utility systems and increased its dividend for the 67th consecutive year. The firm reaffirmed its earnings guidance for 2022 at $2.45 to $2.65 per share.

Northwest Natural Holding Company (NYSE: NWN) will release its third quarter and year-to-date 2022 earnings on November 8, 2022, at 8 a.m. PT (11 a.m. ET). An analyst conference call and webcast will follow to discuss the results. Investors can access the presentation via the corporate website or by phone with specific dialing instructions provided for U.S., Canadian, and international callers. The company, based in Portland, Oregon, has been operating for over 160 years, serving approximately 2.5 million people through more than 790,000 meters.

The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has announced an increase in the quarterly dividend to 48.5 cents per share. This dividend will be paid on November 15, 2022, to shareholders of record by October 31, 2022. The annual dividend rate is now $1.94 per share. NWN has been operational for over 160 years, serving approximately 2.5 million people across Oregon and Southwest Washington.

NW Natural Water Company, a subsidiary of Northwest Natural Holdings (NYSE:NWN), has acquired the water and wastewater utilities of Far West Water & Sewer, Inc. in Yuma, Arizona. This acquisition serves around 25,000 connections and will operate as Foothills Utilities. The move expands NW Natural Water's service reach to its fifth state, reinforcing its commitment to customer service and environmental stewardship. The company now serves approximately 150,000 people across multiple states with an investment of about $250 million in the water sector.

NW Natural Holding Company (NYSE: NWN) released its 2021 Environmental, Social, and Governance (ESG) report, highlighting significant strides in sustainability. Key achievements include exceeding carbon savings goals, launching renewable natural gas sales, and implementing a Sustainable Financing Framework. The report also notes a reduction in workplace injuries and recognition as one of the 'World's Most Ethical Companies'. The company emphasizes its ongoing commitment to low-carbon initiatives and community support, reinforcing its position as a trusted energy provider in the Pacific Northwest.

Northwest Natural Holding Company (NYSE: NWN) reported a net income of $1.7 million ($0.05 per share) for Q2 2022, reversing a net loss of $0.7 million in Q2 2021. Year-to-date, net income is $58.0 million ($1.77 per share), down from $58.8 million in 2021. The company increased its customer base by 1.3% and is progressing on hydrogen projects and general rate case settlements. Earnings guidance for 2022 remains at $2.45 to $2.65 per share, with a long-term growth target of 4% to 6% annually. A quarterly dividend of 48.25 cents per share is declared.

NW Natural, based in Portland, Oregon, announced a partnership with Modern Electron to produce clean hydrogen from natural gas using innovative concurrent combustion methane pyrolysis. This groundbreaking process aims to decarbonize energy delivery while generating solid carbon, which can be transformed into other products. The pilot project is slated to begin in early 2023, aligning with NW Natural's commitment to achieving carbon neutrality. The initiative is expected to enhance energy generation efficiency and support environmental sustainability.

Northwest Natural Holding Company (NYSE: NWN) will release its second quarter and year-to-date earnings on August 4, 2022, at 8 a.m. PT. A conference call and webcast will follow to discuss the results. Investors can participate via NW Natural Holdings’ corporate website or by phone. The company serves approximately 2.5 million people in Oregon and Southwest Washington through over 785,000 meters. NW Natural is known for high customer satisfaction and operates 21 Bcf of underground gas storage capacity.

The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.25 cents per share, payable on August 15, 2022, to shareholders of record on July 29, 2022. The indicated annual dividend rate is $1.93 per share. NW Natural provides natural gas to approximately 2.5 million people across Oregon and Southwest Washington and has over 785,000 meters in service. The company also offers water distribution and wastewater services, serving nearly 150,000 people across five states.