Northwest Natural Holding Company Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 results were strong, with adjusted EPS up year-over-year and guidance reaffirmed. Regulatory progress, robust customer growth in Texas and water segments, and disciplined capital allocation support long-term EPS growth targets.
Fiscal Year 2025
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Record-adjusted EPS and strong customer growth in 2025 were driven by strategic expansion into water and Texas gas utilities. Guidance reaffirms 4%-6% long-term EPS growth, with the MX3 storage project poised to boost this to 5%-7% upon approval.
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Strong Q3 results and robust customer growth position the company to exceed the midpoint of 2025 EPS guidance. Regulatory wins, strategic investments, and disciplined capital allocation support a 4%–6% long-term earnings growth outlook.
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Second quarter and first half 2025 results showed strong adjusted net income growth, robust customer additions, and reaffirmed full-year guidance. Key segments, including gas, water, and renewables, contributed to performance, with significant rate case and acquisition activity supporting future growth.
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Q1 2025 saw strong adjusted net income growth, driven by new rates, acquisitions, and robust segment performance. Guidance for 2025 EPS was reaffirmed, with continued customer growth and major investments planned, while liquidity and balance sheet strength remain priorities.
Fiscal Year 2024
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2024 adjusted earnings reached the upper end of guidance, supported by new rates and acquisitions. 2025 EPS is guided at $2.75–$2.95, with strong growth expected from SiEnergy and water utilities. CapEx is projected at $450–$500 million for 2025, with a focus on disciplined capital deployment.
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The acquisition of a fast-growing Texas natural gas utility expands scale, diversifies earnings, and leverages existing developer relationships. The $273M cash deal plus $152M debt is expected to close in Q1 2025, supporting long-term EPS growth and offering significant capital investment opportunities.
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Strong Q3 performance driven by regulatory achievements, customer growth, and robust segment results. Net loss widened year-over-year due to regulatory lag and inflation, but guidance and long-term growth targets were reaffirmed.
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Q2 2024 results are in line with guidance, with a net loss driven by regulatory lag and inflation. Customer growth continues, and settlements in key rate cases set the stage for new rates and future earnings growth. Decarbonization and water business expansion remain strategic priorities.