NWN Q1 EPS $1.69 down 11% YoY; reaffirms 2024 EPS guidance $2.20-$2.40

Northwest Natural Holding Co

2024-Q1 EPS reported $1.69 revenue$433,470,000

Net income $63.8M ($1.69/diluted share) vs $71.7M ($2.01) in Q1 2023, down $7.8M.
Higher pension expense, depreciation, and interest expense drove the decline; weather 9% warmer vs average.
Added nearly 15,000 gas and water connections in 12 months (1.7% growth), primarily via water acquisitions.
Reaffirmed 2024 EPS guidance $2.20-$2.40, below long-term 4-6% CAGR target due to regulatory lag.
Quarterly dividend unchanged at $0.4875/share ($1.95 annual); payable May 15, 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Northwest Natural Holding Co reported the first quarter of 2024 results: net income $63.8 million, EPS $1.69 per share. Guidance reaffirmed.

Period: the first quarter of 2024
Net income: $63.8 million
EPS: $1.69 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

NW Natural Holdings Reports First Quarter 2024 Results

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Source: SEC EDGAR

accession 0001733998-24-000073

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