Welcome to our dedicated page for Northwest Natural Holding Company news (Ticker: NWN), a resource for investors and traders seeking the latest updates and insights on Northwest Natural Holding Company stock.
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 Holdings and NW Natural CEO David H. Anderson announced his retirement, effective April 1, 2025. The Board of Directors named Justin B. Palfreyman, current president of NW Natural Holdings, as Anderson's successor. David has led the company since August 2016, focusing on decarbonization, and building a water, wastewater, and renewables business. The Board expressed confidence in Palfreyman's leadership abilities and strategic vision, citing his strong performance and industry experience. Palfreyman joined NW Natural in 2016 and has held various executive roles, contributing significantly to the company's growth and customer service achievements.
NW Natural and Modern Hydrogen have unveiled a new project at NW Natural’s Central Resource Center in Portland, utilizing methane pyrolysis technology to produce clean hydrogen and capture solid carbon.
This project marks several firsts, including the first utility-distributed pyrolysis system, pipeline injection of pyrolytic hydrogen, and solid carbon capture for both companies.
The hydrogen generated is blended with natural gas and delivered via existing infrastructure, while the captured carbon is used in Modern Hydrogen’s asphalt products.
This three-year pilot is part of NW Natural’s broader efforts to explore hydrogen applications and reduce greenhouse gas emissions.
The latest polling conducted for NW Natural by DHM Research shows that 72% of voters oppose banning natural gas for new homes and buildings, with an increase of 9 percentage points since 2019. The poll also indicates that 81% of respondents believe both electricity and natural gas are essential for reliable energy supply. NW Natural's report highlights the importance of dual energy systems during the winter storm in January 2024.
Northwest Natural Holding Company (NYSE: NWN) reported net income of $63.8 million ($1.69 per share) for Q1 2024, compared to $71.7 million ($2.01 per share) in Q1 2023. NW Natural Holdings added 15,000 gas and water connections, credited Oregon gas customers $30 million, achieved record gas delivery during a winter storm, and was honored as one of the World's Most Ethical Companies® by Ethisphere. The company reaffirmed its 2024 earnings guidance of $2.20 to $2.40 per share and a long-term EPS growth rate of 4% to 6% from 2022 to 2027.
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