Financial Performance - AQN's Net Earnings decreased by 90% to $17.4 million, compared to $180.1 million in the same period of the previous year[24] - AQN Adjusted Net Earnings decreased by 13% to $36.2 million, compared to $41.5 million in the same period of the previous year[24] - Adjusted Net Earnings per share decreased by 33% to $0.04, compared to $0.06 in the same period of the previous year[24] - Dividends per share declared to common shareholders decreased by 40% to $0.0650, compared to $0.1085 in the same period of the previous year[24] Rate Case Updates - BELCO was authorized an increase of $33.6 million out of a rate request of $59.1 million, implemented retroactively to Jan 1, 2024[38] - Granite State Electric was authorized an increase of $5.5 million out of a rate request of $15.5 million, implemented on April 1, 2025[38] - Midstates Gas in Missouri was authorized an increase of $9.1 million out of a rate request of $13.2 million, implemented on Jan 8, 2025[38] - Missouri Water was authorized an increase of $6.2 million out of a rate request of $8.1 million, implemented on Mar 1, 2025[38] - Various Water & Wastewater in Arizona was authorized an increase of $4.2 million out of a rate request of $6.0 million, implemented on July 1, 2025[38] Key Credit Adjustment Figures - S&P and Fitch selected debt adjustments include a deduction of $700 million for equity credit (50% of $1.4 billion hybrids) and $300 million for Empire securitization, with an addition of $90 million for preferred equity (50% of $180 million)[34] - Q2 debt stands at $6.3 billion[34]

Core Viewpoint - Northwest Natural Holding Company (NWN) is positioned as a strong investment option in the utility sector due to its infrastructure upgrades and consistent customer base expansion [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for 2025 earnings per share (EPS) has increased by 1.8% to $2.88 over the past 60 days [2] - The 2025 sales estimate stands at $1.30 billion, reflecting a year-over-year growth of 13.1% [2] - NWN has achieved an average earnings surprise of 15.1% over the last four quarters [2] Solvency - The time-to-interest earned ratio was 2.6 at the end of Q1 2025, indicating the company's strong ability to meet future interest obligations [3] Liquidity - NWN's current ratio is 1.05, surpassing the industry average of 0.63, demonstrating sufficient short-term assets to cover liabilities [4] Dividend History - The company has a 69-year history of increasing dividends, currently paying a quarterly dividend of 49 cents per share, which translates to an annualized dividend of $1.96 and a yield of 4.77% [5] Focus on Strategic Investments - NWN plans to invest $2.5-$2.7 billion in consolidated capital expenditures from 2025 to 2030, marking a 37% increase from previous projections [6] Customer Growth - The company reported a 2.2% organic customer growth rate in Q1 2025, driven by new meter sets and growth from SiEnergy [7] Stock Price Performance - Over the past six months, NWN's shares have increased by 5%, outperforming the industry's growth of 0.3% [9]