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Northwest Natural Holding Company (NYSE: NWN), headquartered in Portland, Oregon, serves as the largest independent natural gas utility in the Pacific Northwest. With a robust network, the company provides reliable natural gas service to approximately 700,000 residential, commercial, and industrial customers in Oregon and southwest Washington. Founded on a commitment to delivering safe and efficient energy, NW Natural focuses on the distribution and purchase of natural gas through its primary subsidiary, NW Natural.
NW Natural's operations are strategically centered around its natural gas distribution segment. This segment is essential in ensuring the seamless purchase and distribution of natural gas, primarily catering to the substantial demand in Oregon and southwest Washington. The company's diverse customer base predominantly includes residential and commercial sectors, which significantly contribute to its revenue and profitability.
Recent achievements highlight NW Natural's dedication to innovation and sustainability. The company has embarked on several projects aimed at enhancing energy efficiency and reducing carbon emissions. Their commitment to environmental stewardship is evident through investments in renewable natural gas and cutting-edge technologies designed to optimize operational performance.
Financially, NW Natural maintains a solid standing with consistent revenue generation primarily driven by its residential and commercial customers. The company's strategic partnerships and customer-centric approach further bolster its market position, ensuring stable growth and long-term value creation for shareholders.
NW Natural continues to prioritize safety, reliability, and customer satisfaction. The company's forward-looking projects and initiatives are designed to meet the evolving energy needs of its customers while adhering to stringent regulatory standards. Stay updated on the latest developments, financial performance, and strategic initiatives of NW Natural by visiting www.nwnatural.com.
NW Natural Holding Company (NYSE: NWN) released its second annual ESG Report, highlighting 2020 achievements in safety, carbon reduction, and community engagement. Key accomplishments include operating a modern gas system with low leak rates, safety inspections at nearly triple the regulatory rate, and a significant carbon dioxide equivalent reduction of over 379,000 metric tons. The company also focused on diversity, awarding $17 million in bill credits, and contributing nearly $1 million to community organizations. The report emphasizes the company's commitment to sustainable practices and community support.
Northwest Natural Holding Company (NYSE: NWN) will release its second quarter and year-to-date 2021 earnings on August 5, 2021, at 8 a.m. PT (11 a.m. ET). The company will host a conference call and webcast to discuss these results. NW Natural serves around 2.5 million people across Oregon and Southwest Washington and owns a modern pipeline system. It also provides water distribution and wastewater services through its NW Natural Water subsidiary, catering to approximately 63,000 people in the Pacific Northwest and Texas.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48 cents per share, marking an annual rate of $1.92. The payment is scheduled for August 13, 2021, to shareholders of record by July 30, 2021. With over 160 years of operation, NW Natural provides natural gas to approximately 2.5 million people across Oregon and Southwest Washington. The company also engages in water distribution through NW Natural Water, serving 63,000 individuals.
NW Natural announced early results from its truck loan program with Hyliion Holdings Corp, showcasing a CNG-electric hybrid truck's performance. The program involved Baker Rock Resources, Tillamook County Creamery Association, and CalPortland testing the new technology. Participants reported enhanced power, sustainability, and fuel efficiency, with Baker Rock planning to integrate this technology into their fleet. The CNG trucks demonstrated lower emissions and substantial operating cost savings, aligning with environmental goals while maintaining operational efficiency in real-world conditions.
Northwest Natural Holding Company (NYSE: NWN) reported Q1 2021 earnings of $1.94 per share, up from $1.58 in Q1 2020, primarily due to new rates in Oregon and customer growth. The company added over 11,000 natural gas meters, achieving a growth rate of 1.4%. Net income increased $11.2 million to $59.5 million. Despite higher depreciation and operational expenses, the company reaffirmed its 2021 earnings guidance of $2.40 to $2.60 per share. A dividend of $0.48 per share was declared, payable on May 14, 2021.
NW Natural Water Company has successfully closed two acquisitions: Morning View Water Company and Del Bay Association. Additionally, three more agreements have been signed to acquire utilities in Idaho, Texas, and Washington. Following these acquisitions, NW Natural Water aims to serve approximately 65,000 customers through over 27,000 connections, with a cumulative investment of around $111 million in the water sector. The company emphasizes its commitment to disciplined growth and enhanced customer service while pursuing further growth opportunities across the U.S.
Northwest Natural Holding Company (NYSE: NWN) is set to release its first quarter 2021 earnings on May 5, 2021, at 8 a.m. PT. The company will host an analyst conference call to discuss the results. NW Natural Holdings, based in Portland, Oregon, serves approximately 2.5 million customers via its natural gas service and owns a modern pipeline system. Additionally, NW Natural Water operates to provide water services to around 63,000 customers across multiple states. Further details can be found on their corporate website.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has announced a quarterly dividend of 48 cents per share, payable on May 14, 2021, to shareholders of record as of April 30, 2021. This dividend sets an indicated annual rate of $1.92 per share. NW Natural, serving approximately 2.5 million customers in Oregon and Southwest Washington, has a reputation for high customer satisfaction and owns significant underground gas storage capacity.
Northwest Natural Holdings (NYSE: NWN) reported net income of $2.30 per share for 2020, an increase from $2.19 per share in 2019. The fourth quarter saw net income rise to $1.50 per share from $1.26 year-over-year. Customer growth reached 1.5%, with 11,600 new natural gas meters added. Key investments included $273 million in utility systems and a $45.1 million annual pre-tax earnings benefit from a recent Oregon rate case. The company also announced a dividend increase, marking 65 consecutive years of growth, and initiated 2021 earnings guidance of $2.40 to $2.60 per share.
Northwest Natural Holding Company (NYSE: NWN) will release its fourth quarter and full year 2020 earnings on February 26, 2021, at 8 a.m. PT (11 a.m. ET). The company will host an analyst conference call and webcast to discuss the results. NW Natural provides natural gas service to approximately 2.5 million customers across Oregon and Southwest Washington, boasting one of the most modern pipeline systems in the U.S. Additionally, it offers water distribution services to around 65,000 people. Detailed information can be accessed through their corporate website.
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