NW Natural Q2 adjusted EPS flat yr/yr on technology costs

Northwest Natural Holding

05/08/2026 11:14

Overview
US gas and water utility's Q2 adjusted EPS was flat yr/yr at $0.01
Company expects 2026 EPS in upper half of $2.95–$3.15 guidance range
Nearly 18,000 new utility connections added over 12 months, a 1.9% growth rate

Outlook
Company expects 2026 EPS in the upper half of $2.95–$3.15 guidance range
Company reaffirms 2026–2030 EPS growth target of 4%–6%
Company expects 2026–2030 capital expenditures of $2.6–$2.9 bln and rate base growth of 6%–8%

Result Drivers
NEW RATES OFFSET - Higher margin from new rates in Oregon was offset by increased O&M, depreciation and financing costs, per company
CUSTOMER GROWTH AND REGULATORY BENEFITS - SiEnergy net income rose due to customer growth and deferred depreciation and interest costs allowed by Texas House Bill 4384
COSTS OUTWEIGH REVENUE - NWN Water net income fell as higher operating revenues from rate increases and customer growth were more than offset by increased O&M and technology costs

Company press release: ID:nBw1nmBrXa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Dividend
 
$0.49
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for Northwest Natural Holding Company is $58.00, about 19.1% above its August 4 closing price of $48.71
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 4 - ONE Gas beats Q2 revenue estimates on new rates and customer growth, raises 2026 earnings outlook
Aug 3 - New Jersey Resources beats Q3 adjusted EPS estimates, tightens FY guidance
Aug 4 - Essential Utilities Q2 adjusted EPS beats estimates

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)