NW Natural Holdings reports narrower Q3 net loss; reaffirms 2022 EPS guidance $2.45-$2.65
Northwest Natural Holding Co
- Q3 2022 net loss $19.6M ($0.56/share) vs $20.7M loss ($0.67/share) in Q3 2021.
- Nine-month net income $38.4M ($1.14/share) vs $38.1M ($1.24/share) in 2021; dilution from 2.9M share issuance.
- Closed largest water/wastewater acquisition in Yuma, AZ, adding 25,000 customers; now serves 61,000 connections in 5 states.
- Dividend increased for 67th consecutive year; quarterly dividend 48.50¢/share, annual rate $1.94.
- Reaffirmed 2022 EPS guidance $2.45-$2.65 and long-term EPS growth target 4-6% through 2027.