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 (NYSE: NWN) generates a steady flow of news as a regulated utility holding company with operations in natural gas distribution, water and wastewater services, and renewable fuels. Headquartered in Portland, Oregon and in business for more than 166 years, NW Natural Holdings reports developments across its gas utilities in Oregon, southwest Washington and Texas, its water utility operations in several western states, and its renewables platform.
On this NWN news page, readers can follow company announcements about quarterly and year-to-date financial results, earnings guidance, and segment performance for NWN Gas Utility, SiEnergy Gas Utility, NWN Water Utility and NWN Renewables. Recent releases have covered net income and adjusted net income trends, customer growth in gas and water connections, capital investment levels, and the impact of new rates from general rate cases on utility margins.
News items also highlight regulatory milestones, such as general rate case settlements and final orders from the Public Utility Commission of Oregon, multi-year rate case filings in Washington, and the effects of updated depreciation studies and rate base changes. In Texas, NW Natural Holdings has issued releases on acquisitions like Hughes Gas Resources, Inc., rebranded as Pines Holdings, which expand the SiEnergy gas utility footprint and contracted customer backlog.
Corporate governance, leadership and capital allocation are recurring themes. Company updates include appointments of new independent directors, executive leadership changes in roles such as General Counsel and Chief People Officer, amendments to corporate bylaws, and regular dividend declarations, including a long record of consecutive annual dividend increases. Financing activities, such as bond issuances at the utility level, may also be reflected in related communications.
Investors, analysts and other stakeholders can use this news feed to monitor how Northwest Natural Holding Company manages its regulated utilities, executes acquisitions, navigates rate proceedings and communicates its approach to safety, environmental stewardship and the energy transition. Bookmark this page to review the latest NWN press releases, earnings announcements and regulatory updates as they are issued.
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Northwest Natural Holding Company (NYSE: NWN) will release its first quarter 2023 earnings on May 4, 2023, at 8 a.m. PT (11 a.m. ET). An analyst conference call will follow to discuss the results. Investors can join through the corporate website or by phone, with specific numbers provided for the U.S., Canada, and international callers. NWN serves approximately 2.5 million people in Oregon and Southwest Washington through 795,000 natural gas meters and also provides water services to 155,000 people across the Pacific Northwest, Texas, and Arizona. The company has been recognized as one of the World’s Most Ethical Companies by Ethisphere® in 2022 and 2023, highlighting its commitment to safety and environmental stewardship.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.5 cents per share, payable on May 15, 2023, to shareholders of record as of April 28, 2023. This results in an indicated annual dividend rate of $1.94 per share. NW Natural, based in Portland, Oregon, has been operating for over 160 years, providing natural gas service to approximately 2.5 million people across 140 communities through nearly 795,000 meters in Oregon and Southwest Washington. Additionally, the company provides water distribution and wastewater services, serving around 155,000 people. NW Natural is committed to safety and environmental stewardship, having been recognized as one of the World’s Most Ethical Companies® in 2022 and 2023.
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Northwest Natural Holdings (NYSE: NWN) reported a net income of $86.3 million for 2022, up 10% from $78.7 million in 2021, with earnings per share at $2.54. The company added 8,600 natural gas meters, a 1.1% growth rate, and invested $338.6 million in utility systems. NW Natural Water expanded by 70% through a major acquisition in Yuma, Arizona. The company initiated 2023 earnings guidance of $2.55 to $2.75 per share, reaffirming a long-term EPS growth target of 4% to 6%. Moreover, it has increased dividends for the 67th consecutive year.
NW Natural Water, a subsidiary of Northwest Natural Holding Company (NYSE:NWN), has signed agreements to acquire water and wastewater utilities serving over 2,800 customers across Arizona, Texas, Washington, and Idaho. Key acquisitions include Truxton Canyon and Cerbat Water utilities in Arizona, and infrastructure support for a multi-family development in Texas. Upon closing, NW Natural Water will expand its customer base to over 160,000 across five states. The acquisitions are pending approval by state utility commissions and are expected to finalize in 2023.
Northwest Natural Holding Company (NYSE: NWN) will announce its fourth quarter and full year 2022 earnings on February 24, 2023, at 8 a.m. PT. An analyst conference call and webcast will follow to discuss the results. The company serves natural gas to approximately 2.5 million people in Oregon and Southwest Washington, maintaining high customer satisfaction scores. NW Natural also provides water services to over 150,000 people across the Pacific Northwest, Texas, and Arizona.