Northwest Natural Holding Co. (NWN)

Several events have impacted Northwest Natural Holding Co.'s stock in the past six months. The Oregon Public Utility Commission (OPUC) issued a final order in NW Natural's general rate case, approving a $20.7 million annual revenue increase. The company announced an increase in its quarterly dividend to $0.4925 per share and increased its dividend for the 70th consecutive year. Kyra Patterson was named Chief People Officer. Northwest Natural Holding Company reported its second-quarter 2025 results, showing steady growth in its customer base and rate recovery, despite a slight decrease in operating revenue due to mild weather. The company reported a net loss of $2.5 million (or $0.06 per share) and adjusted net income of $0.3 million (or $0.01 per share) for the second quarter of 2025, and announced the acquisition of Hughes Gas Resources, Inc. (rebranded Pines Holdings or Pines), and the filing of multi-party settlements in NW Natural's Oregon general rate case. Northwest Natural Holding Co. reported solid first-quarter 2025 results, with earnings per share (EPS) of $2.18 and adjusted EPS of $2.28, and closed the acquisition of SiEnergy in early January 2025 and signed an agreement to purchase Hughes Gas Resources, Inc. The company completed a merger/acquisition with SíEnergy. S&P Global Ratings downgraded Northwest Natural Holding Co. to 'A-' from 'A', citing expectations for weaker financial measures and anticipating funds from operations (FFO) to debt to remain below 15%.

Demand for Northwest Natural Holding Co.'s primary product, natural gas, exhibits clear seasonality. The largest peak occurs during the winter months due to increased demand for space heating, and a second, smaller peak occurs in the summer due to increased electricity consumption for air conditioning. Natural gas is typically injected into storage facilities between April and October and then withdrawn during the higher demand winter months to manage these seasonal swings.

Northwest Natural Holding Co. (NWN) is a public utility holding company based in Portland, Oregon, with over 165 years of history in the Pacific Northwest. It operates primarily as a natural gas service supplier through its subsidiary, NW Natural Gas Company. The company's sector is Utilities, and its industry is Regulated Gas or Oil/Gas Transmission. Its major products and services include the purchase and distribution of natural gas to residential, commercial, and industrial customers. NWN also engages in gas storage, water and wastewater utility services through NW Natural Water Company, and non-regulated renewable natural gas businesses via NW Natural Renewables Holdings. The company also operates an appliance retail center and offers natural gas asset management services.

The company's primary natural gas distribution services are provided in Oregon and Southwest Washington, serving approximately 2 million people across more than 140 communities through over 800,000 meters. Through its subsidiary SiEnergy, Northwest Natural Holding Co. has expanded its natural gas utility services to the greater metropolitan areas of Houston, Dallas, and Austin, Texas, serving over 83,000 meters. Additionally, NW Natural Water Company provides water and wastewater utility services to customers across six states.

Northwest Natural Holding Co. maintains a strong brand reputation and consistently achieves high customer satisfaction scores from J.D. Power & Associates. The company was recognized as one of the World's Most Ethical Companies® by Ethisphere for the fourth consecutive year, as of May 2025.

Northwest Natural Holding Co. is predominantly owned by institutional shareholders, who hold approximately 78.06% of the stock. BlackRock Inc. is the largest individual shareholder with 16.31% of shares outstanding, followed by Vanguard Group Inc. (11.68%) and State Street Corp. (5.09%). Insiders own less than 1% of the company, while retail investors account for about 20.25% of the ownership.