Northwest Natural Holding Company - NWN STOCK NEWS

NW Natural Holding Company (NYSE: NWN) has appointed Malia H. Wasson as the new board chair effective August 9, 2021, marking a significant milestone as she is the first woman to hold this position. Wasson, a board member for seven years and former chair of the audit committee, brings extensive experience from her roles as CEO of Sand Creek Advisors and executive VP at U.S. Bank. Her leadership will guide the board on strategic matters, contributing to NW Natural's commitment to the community and its ongoing efforts in providing natural gas and water services to millions in the Pacific Northwest.

Northwest Natural Holdings (NWN) reported a net loss of $0.02 per share for Q2 2021, an improvement from a loss of $0.17 per share in Q2 2020. Year-to-date, net income rose to $1.92 per share, up from $1.41 per share in 2020. The company added nearly 12,000 natural gas meters, achieving a growth rate of 1.6%. NWN reaffirmed its 2021 earnings guidance between $2.40 and $2.60 per share. The firm filed a settlement in its Washington general rate case, aiming for a revenue increase starting November 2021.

NW Natural has entered into a new agreement with Element Markets to purchase renewable natural gas (RNG) for Oregon customers, aligning with Oregon Senate Bill 98. This is NW Natural's second RNG contract, following a previous agreement made in December 2020. The latest contract will supply RNG amounting to approximately 2% of NW Natural's annual sales volume, enough to heat around 36,000 homes. The agreement allows NW Natural to acquire Renewable Thermal Certificates (RTCs) from RNG facilities in New York City and Wisconsin, starting as early as September 2021.

NW Natural Holding Company (NYSE: NWN) released its second annual ESG Report, highlighting 2020 achievements in safety, carbon reduction, and community engagement. Key accomplishments include operating a modern gas system with low leak rates, safety inspections at nearly triple the regulatory rate, and a significant carbon dioxide equivalent reduction of over 379,000 metric tons. The company also focused on diversity, awarding $17 million in bill credits, and contributing nearly $1 million to community organizations. The report emphasizes the company's commitment to sustainable practices and community support.

Northwest Natural Holding Company (NYSE: NWN) will release its second quarter and year-to-date 2021 earnings on August 5, 2021, at 8 a.m. PT (11 a.m. ET). The company will host a conference call and webcast to discuss these results. NW Natural serves around 2.5 million people across Oregon and Southwest Washington and owns a modern pipeline system. It also provides water distribution and wastewater services through its NW Natural Water subsidiary, catering to approximately 63,000 people in the Pacific Northwest and Texas.

The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48 cents per share, marking an annual rate of $1.92. The payment is scheduled for August 13, 2021, to shareholders of record by July 30, 2021. With over 160 years of operation, NW Natural provides natural gas to approximately 2.5 million people across Oregon and Southwest Washington. The company also engages in water distribution through NW Natural Water, serving 63,000 individuals.

NW Natural announced early results from its truck loan program with Hyliion Holdings Corp, showcasing a CNG-electric hybrid truck's performance. The program involved Baker Rock Resources, Tillamook County Creamery Association, and CalPortland testing the new technology. Participants reported enhanced power, sustainability, and fuel efficiency, with Baker Rock planning to integrate this technology into their fleet. The CNG trucks demonstrated lower emissions and substantial operating cost savings, aligning with environmental goals while maintaining operational efficiency in real-world conditions.

Northwest Natural Holding Company (NYSE: NWN) reported Q1 2021 earnings of $1.94 per share, up from $1.58 in Q1 2020, primarily due to new rates in Oregon and customer growth. The company added over 11,000 natural gas meters, achieving a growth rate of 1.4%. Net income increased $11.2 million to $59.5 million. Despite higher depreciation and operational expenses, the company reaffirmed its 2021 earnings guidance of $2.40 to $2.60 per share. A dividend of $0.48 per share was declared, payable on May 14, 2021.

NW Natural Water Company has successfully closed two acquisitions: Morning View Water Company and Del Bay Association. Additionally, three more agreements have been signed to acquire utilities in Idaho, Texas, and Washington. Following these acquisitions, NW Natural Water aims to serve approximately 65,000 customers through over 27,000 connections, with a cumulative investment of around $111 million in the water sector. The company emphasizes its commitment to disciplined growth and enhanced customer service while pursuing further growth opportunities across the U.S.