Northwest Natural Holding Company - NWN STOCK NEWS

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.

The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48 cents per share on its common stock. This dividend will be disbursed on February 12, 2021 to shareholders on record as of January 29, 2021, bringing the indicated annual dividend rate to $1.92 per share. The company, based in Portland, has over 160 years of operation, providing natural gas to approximately 2.5 million people across 140 communities and offering water services to 65,000 individuals in the Pacific Northwest and Texas.

NW Natural is partnering with BioCarbN to convert methane from Tyson Foods into renewable natural gas (RNG) for heating homes and businesses. The partnership allows NW Natural to invest up to $38 million in four RNG projects accessing biogas from Tyson's facilities. The first project in Nebraska will require an estimated $8 million investment and is set to start construction in early 2021. Once fully operational, these projects are expected to produce over 1.2 million MMBtu of RNG annually, benefiting around 18,000 homes in Oregon.

NW Natural Holding Company (NYSE: NWN) has elected two new board members, Karen Lee and Nathan Partain, effective January 1, 2021. Karen Lee, former CEO of Pioneer Human Services, brings significant leadership experience and community involvement. Nathan Partain, co-CIO of Duff & Phelps Investment Management, adds valuable financial insight. Their appointments aim to enhance the board's expertise and capabilities. Lee and Partain will also serve on the board of Northwest Natural Gas Company, the company's subsidiary.

NW Natural Holding Company (NYSE: NWN) has published its first Environmental, Social, and Governance (ESG) Report, detailing its efforts in safety, carbon reduction, diversity, and community engagement. Key initiatives include pursuing renewable gas supplies and expanding water services. Highlights showcase a carbon savings goal of 30% by 2035, 5.5 million therms saved through efficiency programs, and an increase in BIPOC workforce representation. The report reflects NW Natural's commitment to sustainability and community service, reinforcing its legacy as a leading energy provider.

Northwest Natural Holdings (NYSE: NWN) reported a net loss of $0.61 per share for Q3 2020, unchanged from Q3 2019. Year-to-date, net income declined to $0.80 per share, down from $0.91 the previous year. The company expanded its customer base by adding over 14,000 natural gas meters, representing a 1.9% growth rate. It invested $193 million in utility systems and plans to recover $4.4 million in COVID-19 related expenses approved by the Oregon regulatory authority. NWN has increased dividends for 65 consecutive years, with an annual rate of $1.92 per share.

Northwest Natural Holding Company (NYSE: NWN) will issue its third quarter and year-to-date 2020 earnings release on Thursday, Nov. 5, 2020, followed by an analyst conference call at 8 a.m. PT (11 a.m. ET). The call can be accessed via webcast on the company's corporate website or by phone. With a substantial customer base, NW Natural provides natural gas service to approximately 2.5 million people in Oregon and Southwest Washington. The company also offers water distribution services to around 62,000 individuals throughout the Pacific Northwest and Texas.