Northwest Natural Gas (NWN)
NYSE:NWN
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Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
0.01Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a predominantly positive operational and financial tone: strong customer growth at C Energy, progress on multiple regulatory fronts (Washington settlement, Texas filing), MX3 development upside, reaffirmed guidance, and a balanced funding plan underpin confidence. Headwinds are largely timing- and investment-related—higher depreciation and financing needs, regulatory timing uncertainty (particularly in Oregon), and seasonal/near-term margin pressure in water. On balance the highlights (growth metrics, regulatory wins, MX3 optionality, liquidity) outweigh the lowlights (timing, near-term costs), supporting constructive confidence in the company’s outlook.Company Guidance
Reaffirmed 2026 Guidance and Solid Start
Company reaffirmed full-year 2026 EPS guidance of $2.95 to $3.15 and reported adjusted EPS of $2.33 in Q1 2026, up $0.05 (+2.2%) versus $2.28 in prior-year period, with adjusted net income up $5.7 million.
Strong C Energy Customer Growth
C Energy delivered 16% organic customer growth in the quarter, backlog exceeded 250,000 future meters, and management expects 15%–20% annual customer growth through 2030; C Energy projected to contribute ~10%–15% of consolidated EPS in 2026.
Northwest Natural Water Momentum
Water segment posted 4.1% overall customer growth and 2.2% organic customer growth in Q1; backlog of over 10,000 water/wastewater connections with ~25% already in development; water expected to contribute ~10%–15% of consolidated EPS in 2026 and 2%–3% organic growth through 2030.
Regulatory Progress in Multiple Jurisdictions
Washington multi-year rate case settlement filed providing revenue requirement increases of $20.1M (Yr1), $7.7M (Yr2), $8.7M (Yr3) with a 50/50 capital structure and 9.5% ROE; Texas C Energy general rate case filed requesting $12M revenue increase, 10.75% ROE, cost of capital 8.73%, and $176.9M increase in average rate base.
MX3 Storage Project Advancement
MX3 is a $300M FERC-regulated gas storage expansion adding 4–5 Bcf of capacity, fully contracted with 25-year agreements; timeline contemplates notice to proceed by 2027 and in-service in 2029; inclusion of MX3 would raise long-term EPS growth guidance from 4%–6% to 5%–7%.
Segment-Level Earnings Drivers
Northwest Natural Gas net income increased $2.7M reflecting new Oregon rates; C Energy EPS increased $0.08 driven by full-quarter operations and strong organic growth; Water EPS essentially flat but supported by higher operating revenues and acquisitions.
Balanced Funding and Liquidity Position
2026 capital expenditures expected at $500M–$550M; funding plan includes ~ $150M net long-term debt, $40M–$50M equity via ATM, and approximately $590M available liquidity; plan to fund five-year capex largely via operating cash flow plus balanced debt/equity.
Regulatory Mechanisms to Reduce Lag
Company pursuing multiyear rate frameworks and alternative rate mechanisms (including GRIP factors in Texas and formula rates in water) to reduce regulatory lag and produce a more linear consolidated earnings profile.
NWN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NWN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $52.70 | $48.66 | -7.67% |
Feb 27, 2026 | $49.80 | $52.55 | +5.51% |
Nov 05, 2025 | $45.81 | $45.13 | -1.48% |
Aug 05, 2025 | $38.99 | $38.29 | -1.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Northwest Natural Gas (NWN) report earnings?
Northwest Natural Gas (NWN) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
What is Northwest Natural Gas (NWN) earnings time?
Northwest Natural Gas (NWN) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NWN EPS forecast?
NWN EPS forecast for the fiscal quarter 2026 (Q2) is -0.06.