NW Natural Holdings reports 2022 net income $86.3M ($2.54/share), up 10% YoY; initiates 2023 guidance $2.55-$2.75

Northwest Natural Holding Co

2022-FY EPS reported $2.54 revenue$1,037,353,000

Net income $86.3M ($2.54 per share) for 2022, up 10% from $78.7M ($2.56 per share) in 2021; EPS down slightly due to share issuance.
Added 8,600 natural gas meters (1.1% growth); invested $338.6M in utility systems for growth and reliability.
Closed largest water acquisition in Yuma, AZ, adding 25,000 connections; total water connections ~62,500 at Dec. 31, 2022.
Initiated 2023 EPS guidance $2.55-$2.75; reaffirmed long-term EPS growth target of 4%-6% through 2027.
Increased annual dividend to $1.94 per share, marking 67th consecutive year of dividend increase.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Northwest Natural Holding Co reported 2023 results: EPS $2.55 to $2.75 per share. Guidance initiated.

Period: 2023
EPS: $2.55 to $2.75 per share
Guidance: initiated
Result: guidance update

Exact text from the filing

Initiated 2023 earnings guidance in the range of $2.55 to $2.75 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Northwest Natural Holding Co reported long-term results: EPS 4% to 6% long-term EPS growth rate. Guidance reaffirmed.

Period: long-term
EPS: 4% to 6% long-term EPS growth rate
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

and reaffirmed long-term earnings per share growth rate target of 4% to 6%

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

Northwest Natural Holding Co filing history →

Source: SEC EDGAR

accession 0001733998-23-000005

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