earnings
confidence high
sentiment neutral
materiality 0.65
NW Natural Holdings reports Q3 net loss $0.65/share, reaffirms FY2023 EPS guidance $2.55-$2.75
Northwest Natural Holding Co
2023-Q3 EPS reported
$1.37
revenue$841,761,000
- Q3 net loss $23.7M ($0.65) vs loss $19.6M ($0.56) YoY; YTD net income $49.2M ($1.37) up from $38.4M ($1.14).
- Added 33,000 utility connections in 12 months; invested $240M in system safety/reliability YTD.
- Closed water utility acquisitions: Rose Valley Water (2,400 customers, Arizona) and Hiland Water services (6,400 connections, Oregon).
- Declared quarterly dividend $0.4875 per share, payable Nov 15; annual indicated rate $1.95 (68th consecutive annual increase).
- Reaffirmed 2023 EPS guidance $2.55-$2.75; long-term EPS growth target 4-6% through 2027.