以上内容基于公开资料整理，不构成投资建议。 经济观察网 根据截至2026年2月24日的公开信息，西北天然气（NWN）近期值得关注的事件主要围绕 其历史财报表现，但参考资料中未提及具体的未来事件安排。 业绩经营情况 2025财年第一财季业绩：公司于2025年5月7日发布的财报显示，当季营收为4.94亿美元，同比增长 14.03%；净利润为8791.60万美元，同比增长37.75%。这一数据反映了公司当时的业务增长情况。 ...

Core Viewpoint - Northwest Natural Holding Company (NWN) has declared a quarterly dividend of $0.4925 per share, reflecting its strong commitment to shareholders with a history of 70 consecutive years of dividend increases, positioning it among a select few NYSE companies with such a record [2]. Group 1: Dividend Announcement - NWN announced a quarterly dividend of $0.4925 per share, payable on February 13, 2026, to shareholders on record as of January 30 [2]. - The company has a strong annual dividend yield of 4.20% [2]. Group 2: Financial Performance Expectations - NWN is set to announce its Q4 and full-year 2025 report on February 27, with expectations for FY 2025 adjusted earnings to be above the midpoint of the range of $2.75 to $2.95 per share [3]. - The company reaffirmed its long-term EPS growth target of 4% to 6% compounded annually from the midpoint of the 2025 adjusted EPS guidance range [3].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - Northwest Natural Holding Company (NW Natural Holdings) will release its fourth quarter and full year 2025 earnings on February 27, 2026, at 8 a.m. Pacific Time [1] Company Overview - NW Natural Holdings is headquartered in Portland, Oregon, and has been in operation for over 167 years, owning several subsidiaries including NW Natural Gas Company, SiEnergy Operating, NW Natural Water Company, and NW Natural Renewables [2][3] - The company provides essential energy, water, and wastewater services to over one million meters across seven states, emphasizing safety, environmental stewardship, and community care [3] Subsidiary Operations - NW Natural Gas Utility serves approximately 2 million people through about 806,000 meters in Oregon and Southwest Washington, featuring a modern pipeline system and 21.6 Bcf of underground gas storage capacity [4] - SiEnergy Gas Utility is one of the fastest-growing natural gas distribution utilities in the U.S., serving around 87,000 meters in the metropolitan areas of Houston, Dallas, and Austin, Texas [5] - NWN Water Utility provides water distribution and wastewater services to an estimated 197,000 people through approximately 79,000 meters, along with operation and maintenance services to an additional 38,000 connections across the Pacific Northwest, Texas, Arizona, and California [6] Commitment to Ethics and Customer Satisfaction - NW Natural Holdings has been recognized as one of the World's Most Ethical Companies for four consecutive years by Ethisphere, and consistently achieves high customer satisfaction scores according to J.D. Power & Associates [3]

Core Viewpoint - Northwest Natural Holding Company has declared a quarterly dividend of 49.25 cents per share, with an annual dividend rate of $1.97 per share, reflecting its commitment to returning value to shareholders [1]. Group 1: Company Overview - Northwest Natural Holding Company is headquartered in Portland, Oregon, and has been in operation for over 167 years, owning several subsidiaries including NW Natural Gas Company, SiEnergy Operating, NW Natural Water Company, and NW Natural Renewables [1]. - The company provides critical energy and essential water and wastewater services to over one million meters across seven states, emphasizing safety, environmental stewardship, and community care [2]. Group 2: Utility Services - NW Natural Gas Utility serves approximately 2 million people in over 140 communities through about 806,000 meters in Oregon and Southwest Washington, boasting one of the most modern pipeline systems in the nation and 21.6 Bcf of underground gas storage capacity [3]. - SiEnergy Gas Utility is one of the fastest-growing natural gas distribution utilities in the U.S., serving around 87,000 meters in the metropolitan areas of Houston, Dallas, and Austin, Texas [4]. - NWN Water Utility provides water distribution and wastewater services to communities in the Pacific Northwest, Texas, Arizona, and California, serving an estimated 197,000 people through approximately 79,000 meters and managing an additional 38,000 connections [5]. Group 3: Commitment to Ethics and Customer Satisfaction - NW Natural Holdings has been recognized by Ethisphere® as one of the World's Most Ethical Companies® for four consecutive years, highlighting its commitment to ethical business practices [2]. - The company consistently achieves high customer satisfaction scores as reported by J.D. Power & Associates, indicating strong performance in customer service [2].

Group 1 - The Conservative Income Portfolio focuses on value stocks with high margins of safety and aims to reduce volatility through well-priced options [1] - The Enhanced Equity Income Solutions Portfolio targets a yield of 7-9% while minimizing volatility [1] - The Trapping Value team has over 40 years of combined experience in generating options income and capital preservation [2] Group 2 - The utilities sector has gained attention due to the increasing demand for power from data centers amid the AI trend [2] - The Covered Calls Portfolio is designed for lower volatility income investing with an emphasis on capital preservation [2] - The fixed income portfolio aims to acquire securities that offer high income potential and are significantly undervalued compared to peers [2]

Core Insights - Northwest Natural Holding Company (NYSE:NWN) is recognized as one of the 14 Best Utility Dividend Stocks to Buy Now [1] Group 1: Company Overview - Northwest Natural Holding Company operates natural gas distribution utilities in the Pacific Northwest and Texas, along with water and wastewater utilities across six states [2] - The company has a strong commitment to shareholders, having approved a dividend increase for the fourth quarter, marking the 70th consecutive year of annual dividend increases [4] Group 2: Financial Performance - In the third quarter, Northwest Natural reported an adjusted loss per share of $0.73, which beat estimates by $0.1, while revenue was $164.7 million, missing expectations by over $10 million despite a 20% year-over-year increase [3] - The growth in revenue is attributed to a combined utility customer growth rate of 10.9% for the 12 months ending September 30, primarily due to gas utility acquisitions in Texas [3] - The company expects its FY 2025 results to be above the midpoint of its adjusted earnings range of $2.75 to $2.95 per share [3] Group 3: Analyst Ratings - On November 12, Stifel analyst Selman Akyol raised the stock's price target from $50 to $52 while maintaining a 'Buy' rating after updating estimates post-quarter [2]

Financial Performance - Operating revenues for Q3 2025 increased to $164.7 million, up 20.3% from $136.9 million in Q3 2024[14] - Net income for the nine months ended September 30, 2025, was $55.5 million, compared to $33.9 million for the same period in 2024, representing a 63.8% increase[14] - The company reported a loss from operations of $12.4 million for Q3 2025, an improvement from a loss of $19.3 million in Q3 2024[14] - Net income for the nine months ended September 30, 2025, increased to $55,526,000, up from $33,869,000 in 2024, representing a growth of 63.9%[20] - Operating revenues for the nine months ended September 30, 2025, reached $776,845,000, compared to $744,156,000 in 2024, reflecting an increase of 4.4%[21] - The company experienced a net loss of $27,080,000 for the three months ended September 30, 2025, compared to a net loss of $26,348,000 in 2024[21] - For the three months ended September 30, 2025, NW Holdings reported operating revenues of $164.7 million, up from $146.7 million in the same period of 2024[161] - The net income for the nine months ended September 30, 2025, was $59.2 million, compared to $19.3 million for the same period in 2024[161] Expenses and Liabilities - Total operating expenses for Q3 2025 were $177.2 million, a 13.3% increase from $156.3 million in Q3 2024[14] - Current liabilities increased to $742.8 million as of September 30, 2025, compared to $567.4 million in 2024, a 30.8% rise[18] - Long-term debt rose to $2.13 billion as of September 30, 2025, compared to $1.56 billion in 2024, indicating a 37.0% increase[18] - Interest paid, net of capitalization, increased to $90,500,000 for the nine months ended September 30, 2025, compared to $57,837,000 in 2024[20] - Interest expense for NW Holdings was $30,435,000 for the three months ended September 30, 2025, compared to $19,060,000 in the same period of 2024[71] Assets and Equity - Total assets as of September 30, 2025, were $5.85 billion, up from $4.94 billion a year earlier, reflecting a 18.3% increase[16] - Total equity increased to $1,470,909,000 as of September 30, 2025, compared to $1,219,886,000 in 2024, reflecting a growth of 20.6%[25] - Total assets as of September 30, 2025, were $4,793,810,000, up from $4,498,485,000 in 2024, showing an increase of 6.6%[23] Cash Flow - Cash provided by operating activities for the nine months ended September 30, 2025, was $265,852,000, an increase from $219,697,000 in 2024, marking a rise of 21%[20] - The company reported a decrease in cash and cash equivalents to $35,830,000 at the end of the period, down from $46,808,000 in 2024[20] - The cash and cash equivalents for NW Holdings decreased to $32.203 million as of September 30, 2025, down from $35.047 million in 2024, representing a decline of 5.4%[40] - NW Natural's cash and cash equivalents increased to $20.265 million as of September 30, 2025, compared to $18.268 million in 2024, reflecting an increase of 10.9%[40] Capital Expenditures - Capital expenditures for the nine months ended September 30, 2025, totaled $332,652,000, compared to $294,261,000 in 2024, indicating an increase of 13%[20] - Capital expenditures for NW Holdings totaled $109,988,000 for the three months ended September 30, 2025, compared to $95,332,000 in the same period of 2024[71] - NW Holdings' total capital expenditures for the nine months ended September 30, 2025, were $262.698 million, compared to $264.673 million in the same period of 2024[73] Acquisitions - The acquisition of SiEnergy Operating, LLC on January 7, 2025, expanded the company's regulated natural gas distribution activities into Texas, serving metropolitan areas including Houston, Dallas, and Austin[29] - NW Holdings acquired SiEnergy Operating, LLC for a total consideration of $271.1 million in cash and $156.1 million of assumed debt, serving approximately 79,000 customers in Texas[153] - Preliminary goodwill of $171.1 million was recognized from the SiEnergy acquisition, primarily due to its natural gas utility service territory and expected growth benefits[156] - The acquisition of Hughes Gas Resources, Inc. (rebranded as Pines Holdings) was completed for $60.8 million in cash, expanding SiEnergy's customer base by approximately 7,000 in Texas[158] Regulatory and Environmental Liabilities - The company has recorded environmental liabilities totaling $115.6 million as of September 30, 2025, compared to $82.2 million in 2024, representing a 40.6% increase[201] - The Portland Harbor Superfund site cleanup is estimated to cost approximately $1.05 billion, with a potential variance of -30% to +50%[202] - NW Natural has recorded a liability of $52.8 million for the Gasco sediment clean-up, reflecting the low end of the estimated costs ranging from $52.8 million to $350 million[206] - The estimated costs for remedial alternatives at the Gasco uplands site range from $41.5 million to $358 million, with NW Natural recording a liability of $41.5 million[213] Shareholder Returns - The company declared dividends of $0.49 per share for Q3 2025, slightly up from $0.4875 per share in Q3 2024[19] - The company paid cash dividends on common stock totaling $57,573,000 for the nine months ended September 30, 2025, compared to $53,760,000 in 2024, an increase of 7.4%[27] Derivatives and Hedging - NW Holdings hedged approximately 80% of forecasted sales volume for the 2024-25 gas year, including 64% in financial hedges[178] - Unrealized losses from natural gas derivatives for the three months ended September 30, 2025, amounted to $31.6 million[179] - For the nine months ended September 30, 2025, NW Natural reported realized net losses of $69.5 million from natural gas financial derivative contracts, compared to net losses of $83.2 million for the same period in 2024, indicating a 16.5% improvement year-over-year[182] Employee Benefits and Compensation - NW Natural made cash contributions of $8.4 million to its defined benefit pension plans for the nine months ended September 30, 2025, compared to $17.9 million for the same period in 2024[141] - The net periodic benefit cost charged to expense for NW Natural was $13.002 million for the nine months ended September 30, 2025, up from $8.270 million in 2024, reflecting an increase of 57.5%[139] - During the nine months ended September 30, 2025, 66,018 RSUs were granted under the LTIP with a weighted-average grant date fair value of $41.68 per share[124] Miscellaneous - The company does not have any material contract assets or liabilities, as net accounts receivable and accrued unbilled revenue balances are unconditional[87] - The company has not posted collateral with counterparties as of September 30, 2025, minimizing liquidity risk through diversification and credit limits[183]

Financial Data and Key Metrics Changes - Northwest Natural Holdings reported a loss of $0.73 per share for Q3 2025, relatively unchanged from a loss of $0.71 per share in Q3 2024 [18] - Adjusted earnings per share increased to $1.52 year-to-date in 2025, compared to $0.88 for the same period in 2024, reflecting strong earnings across all business segments [20] Business Line Data and Key Metrics Changes - The gas utility segment's earnings per share improved slightly, while Sea Energy contributed an additional $0.04 of earnings per share for Q3 2025 compared to the same period last year [18] - The water segment's earnings per share increased by $0.04, driven by new rates at the largest water utility in Arizona and additional revenues from ICH Utilities [19] Market Data and Key Metrics Changes - The combined utility customer growth rate was 10.9% for the 12 months ended September 30, 2025, primarily due to gas utility acquisitions in Texas [6] - Northwest Natural Water's customer base grew at a rate of 4.1%, including three small acquisitions, with organic growth at 2.4% [13] Company Strategy and Development Direction - The company is focused on expanding its customer base, investing in systems, and achieving operational excellence through cost efficiency [5] - A robust long-term capital plan is in place, reaffirming a long-term earnings growth rate of 4%-6% [6] - The company is prioritizing organic growth while also looking for tuck-in acquisition opportunities, particularly in fragmented markets like Texas [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in executing against the 2025 plan and achieving results above the midpoint of the adjusted earnings range of $2.75 to $2.95 per share [6][20] - The company is well-positioned to meet regional energy needs through investments in long-duration assets like the Mist storage facility [11] Other Important Information - The board approved a dividend increase, marking the 70th consecutive year of annual dividend increases [6] - The company has liquidity of approximately $437 million as of September 30, 2025, with no material debt maturities in 2025 [21][22] Q&A Session Summary Question: Lower equity requirement for 2025 - Management indicated that the lower equity requirement is due to better cash flow generation and reassessment of capital structure throughout the year [24] Question: Additional tuck-in opportunities in Texas - Management noted that while tuck-in opportunities exist, the focus is currently on organic growth, particularly in Texas, Arizona, and Idaho [25] Question: Change in rate case timing in Oregon - Management mentioned that the Oregon commission is exploring multi-year planning, which could be beneficial for future rate cases [27][28] Question: Status of hydrogen pilot projects - Management confirmed that hydrogen blending tests have been successful, but broader hydrogen production projects are uncertain due to funding reallocations [29][30]

Financial Performance - Adjusted EPS for YTD Q3 2025 was $1.52, compared to $0.88 for the same period in the prior year[15, 24] - The company expects results to be above the midpoint of the 2025 adjusted EPS range of $2.75 - $2.95[15, 33] - NWN Gas Utility EPS increased by $0.58 YTD, primarily due to new rates in Oregon[28] - SiEnergy Gas Utility EPS increased by $0.20 YTD, reflecting the first year of results after acquisitions[28] - NWN Water Utility EPS increased by $0.14 YTD, mainly due to new rates in Arizona and earnings from acquired utilities[28] Growth and Investment - Over $330 million was invested in gas and water systems in the first nine months of 2025[15] - Over 95,000 gas and water utility connections were added in the last 12 months, representing a combined growth rate of 10.9%[15] - The company reaffirmed a long-term EPS growth target of 4% - 6% from the midpoint of the 2025 adjusted EPS guidance range[15, 33] Strategic Initiatives - The Oregon general rate case resulted in a $20.7 million revenue requirement increase and a 9.5% ROE[16] - A multi-year general rate case request in Washington provides a total $42.4 million revenue requirement increase over three years and a 10.2% ROE starting in year 2[16]