M&A
confidence high
sentiment positive
materiality 0.75
NW Natural Holdings to acquire SiEnergy for $273M cash + $152M debt
Northwest Natural Holding Co
- Total consideration ~$425M; expected close Q1 2025, subject to HSR review.
- SiEnergy serves ~70k customers in TX Triangle; contracted backlog >180k.
- NWN raises regulated utility rate base growth target to 6%-8% (from 5%-7%).
- Acquisition funded with junior subordinated notes; no common equity issuance.
- Reaffirms FY2024 EPS guidance: $1.94-$2.14 GAAP; $2.20-$2.40 adjusted.