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) 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.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.5 cents per share, payable on February 15, 2023, to shareholders on record as of January 31, 2023. The company's annual dividend rate stands at $1.94 per share. With over 160 years in business, NWN serves approximately 2.5 million customers in Oregon and Southwest Washington through its modern pipeline system and high customer satisfaction scores.
Jon Huddleston has announced his retirement from NW Natural after 32 years, having significantly contributed to the company's operational success. His leadership roles included overseeing utility operations and developing a nationally recognized employee safety program. The company has appointed Joe Karney as the new Vice President of Engineering and Utility Operations, effective April 1, 2023. The transition aims to maintain the high standards of safety and operational excellence established by Huddleston.
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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.