Northwest Natural Gas Q2 Earnings Call Highlights

2 weeks ago 19

MarketBeat

Sat, August 8, 2026 astatine 5:03 PM CDT 5 min read

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Northwest Natural Gas (NYSE:NWN) said it expects 2026 net per stock to onshore successful the apical fractional of its antecedently issued $2.95 to $3.15 guidance range, citing stronger-than-expected first-half performance, accrued visibility into the 2nd fractional and continued outgo management.

Northwest Natural Holdings reported second-quarter net per stock of $0.01, unchanged from the prior-year play and supra management's expectations. Year-to-date EPS was $2.33, compared with adjusted EPS of $2.28 successful the archetypal fractional of 2025.

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President and Chief Executive Officer Justin Palfreyman said the company's show reflected operational execution crossed its gas, Texas inferior and h2o businesses, alongside advancement connected regulatory matters and large maturation projects.

Gas Utility Regulatory Developments

At Northwest Natural Gas, the institution said it has filed a multiparty colony successful its Oregon alternate complaint mechanics proceeding. The colony would supply a $13 cardinal gross requirement, compared with the company's archetypal $15.6 cardinal request. Management expects an Oregon Public Utility Commission bid aboriginal successful 2026, with caller rates targeted to instrumentality effect Oct. 31, 2026.

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The institution is besides participating successful Oregon's multiyear rate-plan rulemaking process. Phase I has concluded and addressed concepts including five-year complaint plans, gross indexing and capital-funding mechanisms. Phase II is underway and is expected to found further details, with the afloat process projected to reason earlier the extremity of 2027.

Under the existent schedule, Northwest Natural expects to record its archetypal multiyear wide complaint lawsuit nether the prospective rules successful 2028, with resulting rates effectual successful 2029. Palfreyman said the institution has different options, including accepted complaint cases, to enactment timely concern betterment earlier then.

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In Washington, the institution received an bid successful its multiyear complaint lawsuit that granted much than 80% of its requested revenue-requirement increase. The bid established a 50% equity and 50% semipermanent indebtedness superior operation and a 9.5% instrumentality connected equity. It besides preserved the line-extension allowance for prospective customers. New Washington rates took effect Aug. 1.

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