Northwest Natrl Stock Price, News & Analysis

Northwest Natural Holding Company (NYSE: NWN) will release its Q1 2022 earnings on May 4, 2022, at 8 a.m. PT via conference call and webcast. Interested investors can access the call through the company's website or dial in using specific numbers for the U.S. and Canada. The company, which has been operational for over 160 years, serves 2.5 million people and has a robust distribution network across Oregon and Southwest Washington.

The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) declared a quarterly dividend of 48.25 cents per share, to be paid on May 13, 2022, to shareholders of record on April 29, 2022. The company's indicated annual dividend rate stands at $1.93 per share. With over 160 years in operation, Northwest Natural services approximately 2.5 million people in Oregon and Southwest Washington, operating the most modern pipeline systems and boasting strong customer satisfaction ratings.

Northwest Natural Holding Company (NYSE: NWN) has announced the pricing of a public offering of 2,500,000 shares of its common stock at $50.00 per share. The company has granted underwriters a 30-day option to purchase up to 375,000 additional shares. The offering is expected to close on April 1, 2022, subject to customary conditions. Proceeds will be used for general corporate purposes, including repayment of short-term debt and equity contributions to subsidiaries NW Natural and NW Natural Water. Major underwriters include Wells Fargo Securities and J.P. Morgan.

Northwest Natural Holding Company (NYSE: NWN) has announced a public offering of 2,500,000 shares of its common stock, with an additional 375,000 shares reserved for underwriters. Proceeds from the offering will be utilized for general corporate purposes, including repaying short-term debt and funding subsidiaries such as NW Natural and NW Natural Water. The offering is being managed by Wells Fargo Securities, J.P. Morgan, and RBC Capital Markets, under an existing shelf registration statement filed with the U.S. Securities and Exchange Commission.

Archaea Energy Inc. (NYSE: LFG) announced preliminary Q4 2021 results, reporting revenue of $58.4 million and net income of $3.7 million. Pro forma revenue for the full year reached $205.8 million, with a net loss of $77.4 million. Adjusted EBITDA was $16.4 million for Q4 and $76.1 million for the full year, exceeding guidance metrics. The company achieved significant milestones, including the operation of its Assai RNG facility and long-term agreements with NW Natural (NYSE: NWN) and FortisBC (NYSE: FTS). 2022 guidance includes RNG production of 11.1–11.7 million MMBtu and Adjusted EBITDA of $125–145 million.

Northwest Natural Holding Company (NYSE: NWN) has been recognized by Ethisphere as one of the 2022 World’s Most Ethical Companies. This marks the first time NWN has received this honor, placing it among only nine companies in the Energy & Utilities sector. A total of 136 companies were acknowledged globally across 22 countries and 45 industries. The recognition reflects NWN's long-standing commitment to integrity, safety, and environmental stewardship, as emphasized by CEO David H. Anderson.

Northwest Natural Holding Company (NYSE: NWN) reported a net income of $2.56 per share for 2021, an 11% increase from 2020. The company added over 11,400 gas meters and invested $294 million in utility systems. Customer satisfaction rankings improved, and the company received an $8 million estimated earnings benefit from a Washington rate case order. NWN initiated 2022 earnings guidance between $2.45 and $2.65 per share and increased its long-term EPS growth target to 4%-6%. Additionally, NW Natural has committed to renewable energy initiatives and significant water acquisitions.

NW Natural Water Company, a subsidiary of Northwest Natural Holding Company (NYSE:NWN), has signed agreements to acquire utilities in Southeast Texas, enhancing its regional presence. These acquisitions include Water Necessities & Rural Water near Beaumont and Caney Creek Utilities in Montgomery. Subject to regulatory approval, these deals are expected to close in 2022, allowing NW Natural Water to serve over 145,000 people across Oregon, Washington, Idaho, Texas, and Arizona. This expansion aligns with the company's strategy to provide reliable water and wastewater services.

NW Natural has ranked second among large utilities in the West for customer satisfaction according to the J.D. Power 2021 Gas Utility Residential Customer Satisfaction Study, scoring 778 out of 1,000. This marks a five-point increase from the previous year. The comprehensive study involved over 58,000 residential customer responses from 84 major gas utility brands across the U.S. NW Natural serves approximately 2.5 million customers in Oregon and Southwest Washington and is recognized for its commitment to safety and customer service.