earnings
confidence high
sentiment neutral
materiality 0.60
NW Natural Holdings reports Q3 net loss $27.2M, reaffirms FY 2024 EPS guidance $1.94-$2.14
Northwest Natural Holding Co
2024-Q3 EPS reported
$0.88
revenue$782,118,000
- Q3 net loss $27.2M ($0.71/sh) vs loss $23.7M ($0.65/sh) YoY; nine-month net income $33.9M ($0.88/sh) vs $49.2M ($1.37/sh).
- Added ~17,000 gas and water connections (+1.9% growth) driven by water acquisitions; invested $294M in systems in 9 months.
- Closed Puttman/ICH water acquisition, expanding into California; Tom Puttman named president of NW Natural Water.
- New Oregon rates effective Nov 1 with $93.3M revenue increase, ROE 9.4%, cost of capital 7.056%, rate base $2.09B.
- Reaffirmed 2024 GAAP EPS guidance $1.94-$2.14; adjusted $2.20-$2.40; long-term EPS growth 4-6% CAGR through 2027.