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 Water Company, a subsidiary of Northwest Natural Holdings (NYSE:NWN), has acquired the water and wastewater utilities of Far West Water & Sewer, Inc. in Yuma, Arizona. This acquisition serves around 25,000 connections and will operate as Foothills Utilities. The move expands NW Natural Water's service reach to its fifth state, reinforcing its commitment to customer service and environmental stewardship. The company now serves approximately 150,000 people across multiple states with an investment of about $250 million in the water sector.
NW Natural Holding Company (NYSE: NWN) released its 2021 Environmental, Social, and Governance (ESG) report, highlighting significant strides in sustainability. Key achievements include exceeding carbon savings goals, launching renewable natural gas sales, and implementing a Sustainable Financing Framework. The report also notes a reduction in workplace injuries and recognition as one of the 'World's Most Ethical Companies'. The company emphasizes its ongoing commitment to low-carbon initiatives and community support, reinforcing its position as a trusted energy provider in the Pacific Northwest.
Northwest Natural Holding Company (NYSE: NWN) reported a net income of $1.7 million ($0.05 per share) for Q2 2022, reversing a net loss of $0.7 million in Q2 2021. Year-to-date, net income is $58.0 million ($1.77 per share), down from $58.8 million in 2021. The company increased its customer base by 1.3% and is progressing on hydrogen projects and general rate case settlements. Earnings guidance for 2022 remains at $2.45 to $2.65 per share, with a long-term growth target of 4% to 6% annually. A quarterly dividend of 48.25 cents per share is declared.
NW Natural, based in Portland, Oregon, announced a partnership with Modern Electron to produce clean hydrogen from natural gas using innovative concurrent combustion methane pyrolysis. This groundbreaking process aims to decarbonize energy delivery while generating solid carbon, which can be transformed into other products. The pilot project is slated to begin in early 2023, aligning with NW Natural's commitment to achieving carbon neutrality. The initiative is expected to enhance energy generation efficiency and support environmental sustainability.
Northwest Natural Holding Company (NYSE: NWN) will release its second quarter and year-to-date earnings on August 4, 2022, at 8 a.m. PT. A conference call and webcast will follow to discuss the results. Investors can participate via NW Natural Holdings’ corporate website or by phone. The company serves approximately 2.5 million people in Oregon and Southwest Washington through over 785,000 meters. NW Natural is known for high customer satisfaction and operates 21 Bcf of underground gas storage capacity.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.25 cents per share, payable on August 15, 2022, to shareholders of record on July 29, 2022. The indicated annual dividend rate is $1.93 per share. NW Natural provides natural gas to approximately 2.5 million people across Oregon and Southwest Washington and has over 785,000 meters in service. The company also offers water distribution and wastewater services, serving nearly 150,000 people across five states.
NW Natural Water Company, a subsidiary of Northwest Natural Holding Company (NYSE: NWN), announced two agreements to acquire Northwest Water Services and Aquarius Utilities in Washington. These acquisitions will enhance service to approximately 1,400 connections and expand NW Natural Water's reach in the Puget Sound region. Subject to regulatory approval, the deals aim to improve customer service and further solidify NW Natural Water's presence, bringing its total connections to approximately 61,000 across five states, serving nearly 150,000 people.
Northwest Natural Holding Company (NWN) reported a net income of $1.80 per share for Q1 2022, down from $1.94 in Q1 2021, reflecting a $3.3 million decrease in year-to-date net income. Over the past year, the company added 10,800 natural gas meters, achieving a 1.4% growth rate. Key initiatives include the operation of its first renewable natural gas (RNG) facility and ongoing investments in water utilities in Texas. The company reaffirmed its 2022 earnings guidance of $2.45 to $2.65 per share and declared a dividend of 48.25 cents per share.
Northwest Natural Holding Company (NYSE: NWN) will release its Q1 2022 earnings on May 4, 2022, at 8 a.m. PT via conference call and webcast. Interested investors can access the call through the company's website or dial in using specific numbers for the U.S. and Canada. The company, which has been operational for over 160 years, serves 2.5 million people and has a robust distribution network across Oregon and Southwest Washington.
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