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 declared a quarterly dividend of 48.75 cents per share on its common stock. The dividend will be paid on August 15, 2024, to shareholders of record on July 31, 2024. The indicated annual dividend rate stands at $1.95 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, NW Natural Renewables Holdings, and other business interests. NW Natural provides natural gas service to around 2 million people in Oregon and Southwest Washington, owning 21.6 Bcf of underground gas storage capacity in Oregon. NW Natural Water serves over 180,000 people across the Pacific Northwest, Texas, and Arizona.
The company has been recognized as one of the World’s Most Ethical Companies® by Ethisphere® for three consecutive years and consistently achieves high customer satisfaction scores.
NW Natural Water, a subsidiary of Northwest Natural Holding Company (NYSE:NWN), has agreed to acquire Infrastructure Capital Holdings (ICH), including Puttman Infrastructure's assets. This acquisition will add around 4,200 water, wastewater, and recycled water customers across Oregon, Idaho, and California, potentially expanding to 19,000 connections.
Tom Puttman, current president of Puttman Infrastructure and ICH, will become president of NW Natural Water post-closure, expected in Q3 2024. The acquisition marks NW Natural Water’s first investment in the recycled water segment and entrance into the California market.
The deal aims to enhance NW Natural Water’s utility portfolio and services, with a focus on sustainable infrastructure and long-term growth opportunities.
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.
