Northwest Natural Holding Company - NWN STOCK NEWS

Northwest Natural Holdings (NYSE: NWN) reported a net income of $86.3 million for 2022, up 10% from $78.7 million in 2021, with earnings per share at $2.54. The company added 8,600 natural gas meters, a 1.1% growth rate, and invested $338.6 million in utility systems. NW Natural Water expanded by 70% through a major acquisition in Yuma, Arizona. The company initiated 2023 earnings guidance of $2.55 to $2.75 per share, reaffirming a long-term EPS growth target of 4% to 6%. Moreover, it has increased dividends for the 67th consecutive year.

NW Natural Water, a subsidiary of Northwest Natural Holding Company (NYSE:NWN), has signed agreements to acquire water and wastewater utilities serving over 2,800 customers across Arizona, Texas, Washington, and Idaho. Key acquisitions include Truxton Canyon and Cerbat Water utilities in Arizona, and infrastructure support for a multi-family development in Texas. Upon closing, NW Natural Water will expand its customer base to over 160,000 across five states. The acquisitions are pending approval by state utility commissions and are expected to finalize in 2023.

Northwest Natural Holding Company (NYSE: NWN) will announce its fourth quarter and full year 2022 earnings on February 24, 2023, at 8 a.m. PT. An analyst conference call and webcast will follow to discuss the results. The company serves natural gas to approximately 2.5 million people in Oregon and Southwest Washington, maintaining high customer satisfaction scores. NW Natural also provides water services to over 150,000 people across the Pacific Northwest, Texas, and Arizona.

The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.5 cents per share, payable on February 15, 2023, to shareholders on record as of January 31, 2023. The company's annual dividend rate stands at $1.94 per share. With over 160 years in business, NWN serves approximately 2.5 million customers in Oregon and Southwest Washington through its modern pipeline system and high customer satisfaction scores.

Jon Huddleston has announced his retirement from NW Natural after 32 years, having significantly contributed to the company's operational success. His leadership roles included overseeing utility operations and developing a nationally recognized employee safety program. The company has appointed Joe Karney as the new Vice President of Engineering and Utility Operations, effective April 1, 2023. The transition aims to maintain the high standards of safety and operational excellence established by Huddleston.

Northwest Natural Holding Company (NYSE: NWN) reported a net loss of $19.6 million ($0.56 per share) for Q3 2022, a slight improvement from a net loss of $20.7 million ($0.67 per share) in Q3 2021. Year-to-date net income reached $38.4 million ($1.14 per share) compared to $38.1 million ($1.24 per share) in 2021. The company added nearly 8,800 gas meters in the past year, reflecting 1.1% growth. It invested over $250 million in utility systems and increased its dividend for the 67th consecutive year. The firm reaffirmed its earnings guidance for 2022 at $2.45 to $2.65 per share.

Northwest Natural Holding Company (NYSE: NWN) will release its third quarter and year-to-date 2022 earnings on November 8, 2022, at 8 a.m. PT (11 a.m. ET). An analyst conference call and webcast will follow to discuss the results. Investors can access the presentation via the corporate website or by phone with specific dialing instructions provided for U.S., Canadian, and international callers. The company, based in Portland, Oregon, has been operating for over 160 years, serving approximately 2.5 million people through more than 790,000 meters.

The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has announced an increase in the quarterly dividend to 48.5 cents per share. This dividend will be paid on November 15, 2022, to shareholders of record by October 31, 2022. The annual dividend rate is now $1.94 per share. NWN has been operational for over 160 years, serving approximately 2.5 million people across Oregon and Southwest Washington.