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Northwest Natural pany(NWN) - 2022 Q1 - Earnings Call Transcript
2022-05-05 02:35
Northwest Natural Holding Company (NYSE:NWN) Q1 2022 Earnings Conference Call May 4, 2022 11:00 PM ET Company Participants Nikki Sparley - Director, Investor Relations David Anderson - President and Chief Executive Officer Frank Burkhartsmeyer - Senior Vice President and Chief Financial Officer Justin Palfreyman - VP Strategy and Business Development Conference Call Participants Kody Clark - Bank of America Selman Akyol - Stifel Operator 00:00 Hello and welcome to NW Natural Holding Company Q1 2022 Earnings ...
Northwest Natural pany(NWN) - 2022 Q1 - Quarterly Report
2022-05-04 17:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to____________ NORTHWEST NATURAL HOLDING COMPANY NORTHWEST NATURAL GAS COMPANY (Exact name of registrant as specified in its charter) (Exact name of registrant ...
Northwest Natural pany(NWN) - 2021 Q4 - Earnings Call Transcript
2022-02-25 21:35
Northwest Natural Holding Company (NYSE:NWN) Q4 2021 Earnings Conference Call February 25, 2022 11:00 PM ET Company Participants Nikki Sparley - Director, IR David Anderson - President & CEO Frank Burkhartsmeyer - SVP & CFO Kimberly Heiting - SVP of Operations & CMO Conference Call Participants Chris Ellinghaus - Siebert Williams Selman Akyol - Stifel Operator Hello and welcome to the NW Natural Holding Company’s Fourth Quarter 2021 Earnings Call. My name is Lauren and I will be coordinating your call today ...
Northwest Natural pany(NWN) - 2021 Q4 - Annual Report
2022-02-25 20:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to___________ Commission file number 1-38681 Commission file number 1-15973 NORTHWEST NATURAL HOLDING COMPANY NORTHWEST NATURAL GAS COMPANY (Exact name of registr ...
Northwest Natural pany(NWN) - 2021 Q3 - Earnings Call Transcript
2021-11-05 18:44
Northwest Natural Holding Company (NYSE:NWN) Q3 2021 Earnings Conference Call November 5, 2021 11:00 AM ET Company Participants Nikki Sparley - Director, IR David Anderson - President, CEO & Director Frank Burkhartsmeyer - SVP & CFO Justin Palfreyman - VP Strategy and Business Development Kimberly Heiting - Senior VP of Operations & CMO Conference Call Participants Julien Dumoulin-Smith - Bank of America Tate Sullivan - Maxim Group Selman Akyol - Stifel Operator Good day, and welcome to the NW Natural Hold ...
Northwest Natural pany(NWN) - 2021 Q3 - Quarterly Report
2021-11-05 17:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to____________ NORTHWEST NATURAL HOLDING COMPANY NORTHWEST NATURAL GAS COMPANY (Exact name of registrant as specified in its charter) (Exact name of regi ...
Northwest Natural pany(NWN) - 2021 Q2 - Earnings Call Transcript
2021-08-07 23:27
Financial Data and Key Metrics Changes - The company reported net income of $1.92 per share for the first six months of 2021, compared to $1.41 per share for the same period in 2020, reflecting a significant increase driven by new rates and customer growth [6][12] - For Q2 2021, the company reported a net loss of $700,000 or $0.02 per share, an improvement from a net loss of $5.1 million or $0.17 per share in Q2 2020 [10] - Cash provided by operating activities was $193 million for the first half of 2021, an increase of $31 million compared to the previous year [14] Business Line Data and Key Metrics Changes - The Gas Distribution segment saw utility margin increase by $22.1 million, primarily due to higher customer rates and growth [13] - Customer growth in the Gas Distribution segment was 1.6%, with over 12,000 new meters connected in the past year [8] - The water and wastewater utilities experienced a 4% customer growth rate, driven by strong residential housing construction [8] Market Data and Key Metrics Changes - Unemployment rates in the Portland Metro area decreased to 5.3%, lower than the national rate of 5.9% [6] - Home sales in the Portland Metro region increased by 39% in the first five months of 2021 compared to the same period in 2020, with median sales prices rising over 20% [7] Company Strategy and Development Direction - The company is committed to environmental stewardship and aims for a 30% carbon savings goal by 2035, which includes the use of natural gas by customers [16][17] - The company is actively pursuing renewable natural gas (RNG) procurement and has signed agreements that could supply enough RNG to heat 36,000 homes [18][19] - The water utility business is seeing increased development activity and a robust acquisition pipeline, with plans to close several pending sales [20] Management's Comments on Operating Environment and Future Outlook - Management noted a steady recovery in several sectors affected by COVID-19, particularly in food service and lodging [6][7] - The company reaffirmed its 2021 earnings guidance, expecting net income in the range of $2.40 to $2.60 per share, assuming continued customer growth and stable regulatory conditions [14] Other Important Information - The company filed a multiparty settlement for its general rate case in Washington, which will increase revenue requirements by $5 million starting November 1, 2021 [9] - The company is investing in a new wastewater facility in Sunriver, Oregon, equipped with advanced technologies to meet environmental guidelines [21] Q&A Session Summary Question: Can you expand on the higher O&M this quarter? - The increase in O&M was expected, with about one-third attributed to payroll and benefits, another third to a new lease for headquarters, and the remaining third to cloud-based IT solutions and other minor expenses [24][25][26] Question: What is the vetting process for RNG procurement? - The company aims to procure cost-effective RNG and has a rigorous methodology for evaluating costs, including avoided costs and transportation [27][28][29] Question: Any updates on hydrogen experimentation? - The company is working with EWEB on land acquisition for hydrogen projects and is exploring various technologies, with interest from industrial customers in blending hydrogen [31][32][33][34]
Northwest Natural pany(NWN) - 2021 Q2 - Quarterly Report
2021-08-05 17:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to____________ NORTHWEST NATURAL HOLDING COMPANY NORTHWEST NATURAL GAS COMPANY (Exact name of registrant as specified in its charter) (Exact name of registran ...
Northwest Natural (NWN) Presents At Wells Fargo Virtual Meetings At AGA Virtual Financial Forum 2021 - Slideshow
2021-05-21 17:17
INVESTOR PRESENTATION AMERICAN GAS ASSOCIATION FINANCIAL FORUM MAY19-20, 2021 INVESTOR INFORMATION NW Natural Holdings 250 SW Taylor Street Portland, OR 97204 nwnaturalholdings.com Nikki Sparley Director, Investor Relations (503) 721-2530 nikki.sparley@nwnatural.com COMPANY INFORMATION FORWARD LOOKING STATEMENTS This and other presentations made by NW Natural Holdings from time to time, may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, wh ...
Northwest Natural pany(NWN) - 2021 Q1 - Earnings Call Transcript
2021-05-05 20:22
Northwest Natural Holding Company (NYSE:NWN) Q1 2021 Results Earnings Conference Call May 5, 2021 11:00 AM ET Company Participants Nikki Sparley - Director, IR David Anderson - President, CEO & Director Frank Burkhartsmeyer - SVP & CFO MardiLyn Saathoff - Senior Vice President, Regulation and General Counsel Justin Palfreyman - VP Strategy and Business Development Conference Call Participants Cody Clark - Bank of America Selman Akyol - Stifel Operator Good day and welcome to the NW Natural Holding Company F ...