Welcome to our dedicated page for Northwest Natrl news (Ticker: NWN), a resource for investors and traders seeking the latest updates and insights on Northwest Natrl stock.
NW Natural (NWN) provides regulated natural gas distribution services to residential, commercial, and industrial customers across the Pacific Northwest. This dedicated news hub offers investors and industry professionals timely access to official announcements, strategic developments, and operational updates from the utility provider.
Track critical information through verified press releases covering earnings reports, regulatory filings, and infrastructure investments. Our curated collection simplifies monitoring of NW Natural's compliance with energy standards, service expansions, and market positioning within the evolving natural gas sector.
Key updates include details on rate adjustments approved by public utility commissions, pipeline safety initiatives, and sustainability programs aligned with regional energy goals. The page serves as a centralized resource for understanding NW Natural's operational decisions and their impact on customers and stakeholders.
Bookmark this page for direct access to primary source materials and objective reporting on NW Natural's activities. Check regularly for new content that supports informed analysis of this essential utility provider's performance and strategic direction.
Northwest Natural Holding Company (NYSE: NWN) has completed its acquisition of SiEnergy Operating, one of the fastest-growing natural gas distribution utilities in the nation. The acquisition, initially announced in November 2024, expands NWN's presence in the Texas Triangle region, serving approximately 70,000 residential and commercial customers in Houston, Dallas, and Austin metropolitan areas.
SiEnergy is expected to have a rate base of $247 million as of December 31, 2024, with impressive growth metrics including a 26% compound annual rate base growth and 22% customer growth over the five years ending in 2024. The company has achieved organic growth by providing infrastructure to residential and commercial developments in high-growth areas.
NW Natural Holdings (NYSE: NWN) has announced the acquisition of SiEnergy Operating for $273 million in cash plus $152 million in debt assumption. SiEnergy serves approximately 70,000 customers in Texas's major metropolitan areas with a contracted customer backlog exceeding 180,000. The company has achieved 26% rate base growth and 22% customer growth annually over the past five years, with expected capital expenditures of $450-650 million over the next five years. The acquisition is expected to close in Q1 2025, supporting NW Natural Holdings' EPS growth outlook of 4-6%. The company plans to finance the cash portion through junior subordinated notes without issuing common equity.
NW Natural Holdings reported Q3 2024 financial results with a net loss of $27.2 million ($0.71 per share), compared to a $23.7 million loss in Q3 2023. For the first nine months of 2024, net income was $33.9 million ($0.88 per share), down from $49.2 million in 2023. The company added nearly 17,000 gas and water utility connections, achieved a 1.9% growth rate, and invested $294 million in infrastructure. New rates effective Nov. 1, 2024, include a $93.3 million revenue requirement increase. The company reaffirmed its 2024 EPS guidance of $1.94-$2.14 (GAAP) and long-term EPS growth target of 4-6% through 2027.
Northwest Natural Holding Company (NYSE: NWN) has announced its third quarter and year-to-date 2024 earnings release and analyst conference call, scheduled for Tuesday, Nov. 12, 2024 at 8 a.m. Pacific Time. The company will host a webcast on its corporate website and a conference call accessible via phone. NW Natural Holdings is the parent company of Northwest Natural Gas Company, NW Natural Water Company, and NW Natural Renewables Holdings, serving approximately 2 million people across various states. The company has been recognized for its ethical practices and high customer satisfaction scores.
Northwest Natural Holding Company (NYSE: NWN) has increased its quarterly dividend to 49 cents per share on common stock, payable on Nov. 15, 2024, to shareholders of record on Oct. 31, 2024. This marks the 69th consecutive year of dividend increases, with an indicated annual dividend rate of $1.96 per share.
NW Natural Holdings, headquartered in Portland, Oregon, has been in business for over 165 years. It owns NW Natural Gas Company, NW Natural Water Company, and NW Natural Renewables Holdings. The company has been recognized by Ethisphere® for three consecutive years as one of the World's Most Ethical Companies® and consistently leads the industry in J.D. Power & Associates customer satisfaction scores.
NW Natural Holdings (NYSE: NWN) has appointed Brian Fellon as its new vice president, Chief Information Officer/Chief Information Security Officer, effective September 23. Fellon brings extensive experience from his previous role as director of applications services, AI and data at Puget Sound Energy. He has also held key IT positions at Eddie Bauer, Recreational Equipment, Inc., and Boeing. CEO David H. Anderson praised Fellon's understanding of IT fundamentals and his track record in executing organization-wide IT strategies. Fellon expressed enthusiasm about joining NW Natural and emphasized the pivotal role of technology in supporting operations and enhancing customer experience.
NW Natural Holding Company (NYSE: NWN) has elected Mary E. Ludford to its board of directors, effective August 19, 2024. Ludford brings extensive energy industry experience, having served in various executive roles at Exelon and its subsidiaries. Her most recent position was deputy chief security officer at Exelon from 2018 until her retirement in 2020. Ludford also currently serves on the board of Otter Tail (NASDAQ: OTTR).
Malia H. Wasson, NW Natural Holdings' board chair, expressed confidence in Ludford's ability to contribute valuable insights to the company's work. Ludford will also join the board of Northwest Natural Gas Company, NW Natural Holdings' wholly owned subsidiary, on the same date.
Northwest Natural Holding Company (NYSE:NWN) has appointed Raymond Kaszuba as its new senior vice president and chief financial officer, effective August 31, 2024. Kaszuba joins NW Natural Holdings from AmeriGas, where he served as interim president and CFO. His extensive background includes leadership roles at UGI , Enviva, ExxonMobil, Allegheny Energy, and US Bank.
CEO David H. Anderson praised Kaszuba's financial expertise and strategic mindset, highlighting his experience in utility, energy, and renewable industries. Kaszuba expressed enthusiasm for joining NW Natural Holdings, noting the company's strong position in the gas utility sector, expanding water and wastewater utility platform, and innovative renewables business.
NW Natural Holdings (NYSE: NWN) reported a net loss of $2.8 million ($0.07 per share) for Q2 2024, compared to a net income of $1.2 million ($0.03 per share) in Q2 2023. For the first half of 2024, net income was $61.0 million ($1.60 per share), down from $72.9 million ($2.03 per share) in the same period of 2023. The decrease was primarily due to regulatory lag.
Key highlights include adding nearly 16,000 gas and water utility connections, signing an acquisition agreement for Puttman and ICH Water, and reaffirming 2024 earnings guidance between $2.20 and $2.40 per share. Margin increased by $0.4 million due to customer growth, while operations and maintenance expenses decreased by $3.5 million.
However, net income decreased by $4.0 million for Q2 and by $11.9 million for the first half of 2024 due to higher depreciation, pension expenses, and lower interest income. Cash flow from operations was $246.1 million for the first six months, down from $297.9 million in 2023. A quarterly dividend of $0.4875 per share was declared, payable on August 15, 2024.
NW Natural Holdings (NYSE: NWN) has announced it will release its Q2 and year-to-date 2024 earnings on Friday, Aug. 2, 2024. An analyst conference call and webcast will follow at 8 a.m. Pacific Time (11 a.m. Eastern Time). The call can be accessed via NW Natural Holdings' corporate website or by phone. Replay options are available post-conference. NW Natural Holdings, headquartered in Portland, Oregon, comprises NW Natural Gas, NW Natural Water, and NW Natural Renewables. It serves approximately 2 million people with natural gas and 180,000 in water distribution across the Pacific Northwest, Texas, and Arizona. The company is recognized for its commitment to safety, environmental stewardship, and high customer satisfaction scores.
