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) will release its fourth quarter and full year 2021 earnings on February 25, 2022, at 8 a.m. PT. The company invites analysts and investors to join a conference call and webcast to review the earnings results. The call can be accessed via the corporate website or by phone for U.S. and international participants. With over 160 years in operation, NW Natural serves approximately 2.5 million people in Oregon and Southwest Washington through a modern pipeline system and is recognized for high customer satisfaction.
The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.25 cents per share, payable on February 15, 2022, to shareholders of record as of January 31, 2022. This translates to an annual dividend rate of $1.93 per share. NWN has been operational for over 160 years and serves approximately 2.5 million people across Oregon and Southwest Washington through its natural gas and water services.
NW Natural Water Company, a subsidiary of Northwest Natural Holding Company (NYSE:NWN), is set to acquire a stake in Avion Water Company, Oregon's largest investor-owned water utility. This strategic investment aims to enhance NW Natural's presence in Oregon and capitalize on growth opportunities. Avion Water serves approximately 15,000 customers in Bend and surrounding areas. The transaction, expected to close in December 2021, will bolster Avion's financial strength and expansion capacity while maintaining its existing management team.
NW Natural Holding Company (NYSE: NWN) has elected Sandra McDonough to its board effective January 1, 2022. McDonough, formerly president and CEO of Oregon Business & Industry, brings over 20 years of experience in the energy sector, having held senior roles at PG&E National Energy Group and PG&E Gas Transmission Northwest. Her leadership is expected to enhance NWN's community engagement and strategic initiatives. She also joins the board of Northwest Natural Gas Company, a wholly owned subsidiary.
NW Natural Water Company has agreed to acquire the water and wastewater utilities of Far West Water & Sewer in Yuma, Arizona, serving 25,000 connections. This acquisition marks NW Natural Water's entry into its fifth state and is expected to enhance its operational scale, providing services to about 130,000 people across multiple states with a cumulative investment of approximately $200 million. The deal is projected to be accretive to earnings per share after the first full year of operations, pending customary regulatory approvals.
NW Natural has released a report titled Vision 2050: Destination Zero, outlining strategies for achieving carbon neutrality by 2050. This comprehensive assessment showcases multiple pathways utilizing enhanced building energy efficiency, renewable natural gas, clean hydrogen, and carbon capture technologies. The report emphasizes the collaboration of electric and gas systems to ensure reliability against climate challenges. The company serves approximately 2.5 million customers in Oregon and Southwest Washington, showcasing a commitment to environmental stewardship.
Archaea Energy Inc. (NYSE: LFG) announced its third quarter 2021 financial results following its business combination with Aria Energy LLC. The company reported a net loss of $21.9 million over three months, contrasting with a net income of $52.7 million for the nine-month period. Combined RNG production reached 1.43 million MMBtu, with full-year guidance for RNG production set at approximately 5.4 million MMBtu. Archaea has also partnered with NW Natural for a 21-year RNG agreement, enhancing its market position and demonstrating confidence in future growth as it moves toward operational completion of its Project Assai facility.
Archaea Energy (NYSE: LFG) announced a long-term RNG purchase agreement with Northwest Natural Gas Company (NYSE: NWN) for up to 1 million MMBtu of renewable natural gas annually, starting in early 2022, with full delivery by 2025. This contract is part of NW Natural's commitment to sustainability, aiming for carbon neutrality. The agreement is a significant milestone, affirming Archaea's role in the renewable energy sector and NW Natural's efforts towards reducing methane emissions. The contracts are aligned with Oregon's Senate Bill 98, targeting renewable energy procurement.
Northwest Natural Holding Company (NWN) reported a net loss of $0.67 per share for Q3 2021, up from a loss of $0.61 per share in Q3 2020. However, net income for the first nine months rose to $1.24 per share, a 55% increase year-over-year due to customer growth and new rates in Oregon. The company invested over $200 million in utility systems to enhance reliability. NWN also launched a competitive renewable energy strategy and raised its annual indicated dividend to $1.93 per share. The company reaffirmed 2021 earnings guidance between $2.40 and $2.60 per share.
