Northwest Natural Gas ( (NWN) ) has released its Q2 earnings. Here is a breakdown of the information Northwest Natural Gas presented to its investors.
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Northwest Natural Holding Company, headquartered in Portland, Oregon, operates in the utilities sector, providing natural gas, water, and renewable energy services across seven states.
In its second quarter 2025 earnings report, Northwest Natural Holdings announced a net loss of $0.06 per share, with an adjusted net income of $0.01 per share, showing improvement from the previous year’s net loss of $0.07 per share. The company also highlighted significant customer growth and strategic acquisitions.
Key financial highlights include a net income of $2.11 per share for the first half of 2025, up from $1.60 per share in the same period of 2024. The acquisition of Hughes Gas Resources, Inc., rebranded as Pines Holdings, contributed to the company’s growth, alongside the addition of over 92,000 utility connections. The company reaffirmed its adjusted EPS guidance for 2025 and its long-term EPS growth target.
The company reached settlements in its Oregon general rate case, resulting in a $21.3 million revenue requirement increase. The acquisition of Pines Holdings expanded its presence in Texas, aligning with its growth strategy in high-demand areas.
Looking ahead, Northwest Natural Holdings maintains a positive outlook, with expectations for continued customer growth and strategic investments, while reaffirming its commitment to safety and environmental stewardship.