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.
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GridStor, a developer and operator of grid-scale battery energy storage systems, has appointed Frank Burkhartsmeyer as its new Chief Financial Officer, effective August 28. Burkhartsmeyer brings over 25 years of financial and operational experience in the utility and renewable energy sectors, most recently serving as Executive Vice President of Strategy and Business Development and CFO at NW Natural (NYSE: NWN).
In his new role, Burkhartsmeyer will oversee GridStor's finance organization as the company plans to build emission-free batteries for regional energy grids. GridStor, backed by Goldman Sachs Asset Management, aims to accelerate growth and become the leading battery storage developer and operations platform in North America. The company focuses on developing, acquiring, and operating utility-scale, standalone battery storage projects across the continent.
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Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.5 cents per share on its common stock. The dividend will be paid on August 15, 2023 to shareholders of record on July 31, 2023. The company's indicated annual dividend rate is $1.94 per share.
NW Natural Holdings owns several businesses, including Northwest Natural Gas Company, NW Natural Water Company, and NW Natural Renewables Holdings. The company has been recognized by Ethisphere® as one of the World's Most Ethical Companies® in 2022 and 2023. NW Natural provides natural gas service to approximately 2.5 million people through nearly 795,000 meters in Oregon and Southwest Washington. NW Natural Water serves an estimated 156,000 people through about 63,000 connections in the Pacific Northwest, Texas, and Arizona.
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