earnings
confidence high
sentiment neutral
materiality 0.70
NWN reports FY 2023 net income $93.9M ($2.59/sh); Q4 down; FY24 guidance $2.20-$2.40
Northwest Natural Holding Co
2023-FY EPS reported
$2.59
revenue$1,197,475,000
- Full year 2023 net income $93.9M ($2.59/sh) vs $86.3M ($2.54/sh) in 2022; Q4 net income $44.6M ($1.21/sh) down from $47.9M ($1.36/sh).
- Initiated 2024 EPS guidance $2.20-$2.40; reaffirmed long-term EPS growth target 4%-6% from 2022 base of $2.54.
- Filed Oregon general rate case requesting $154.9M annual revenue increase; new rates expected effective Nov. 1, 2024.
- Signed exclusive rights to construct and operate RNG facility at WM's East Wenatchee landfill for 20-year supply starting late 2025.
- Invested $327.3M in utility capex; added 15,000+ gas and water connections; dividend raised for 68th year to $1.95 annual rate.