earnings
confidence high
sentiment neutral
materiality 0.65
NW Natural Holdings Q2 net loss $2.8M, reaffirms FY2024 EPS guidance $2.20-$2.40
Northwest Natural Holding Co
2024-Q2 EPS reported
$1.60
revenue$645,184,000
- Q2 net loss of $2.8M ($0.07/share) vs net income $1.2M ($0.03) in Q2 2023.
- First-half 2024 net income $61.0M ($1.60) vs $72.9M ($2.03) prior year, down due to regulatory lag.
- Signed Puttman/ICH water acquisition adding 4,200 customers, expanding into California and recycled water.
- Reaffirmed 2024 EPS guidance $2.20-$2.40 and long-term EPS growth target 4%-6% from 2022 base of $2.54.
- Declared quarterly dividend $0.4875 per share, annualized $1.95.