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Northwest Natural Gas (NWN)
NYSE:NWN
Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.37Last Year’s EPS
2.28Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive momentum driven by record adjusted EPS (+25.8% YoY), robust cash flow (+35% YoY), successful integration and rapid growth at SiEnergy, outperformance in the Water segment, a large long-term capex plan and a promising MX3 storage project that could meaningfully increase long-term EPS growth. Notable challenges include higher operating and interest costs, remaining permitting and execution risk for MX3, a mid-2025 housing slowdown in Texas, and some reliance on debt/equity issuance for funding. On balance, the positive operational and financial developments and clear growth initiatives outweigh the identifiable headwinds.Company Guidance
Record Adjusted EPS and Strong Year-over-Year Growth
Reported record adjusted earnings per share of $2.93 for 2025 versus $2.33 in 2024, an increase of approximately 25.8%, driven by new Oregon rates, rate base growth and organic customer additions.
Robust Operating Cash Flow and Record Capital Investment
Generated approximately $270 million in cash provided by operating activities in 2025, about 35% above 2024, and invested a record $467 million in system capital (safety, reliability and technology).
MX3 Gas Storage Expansion — High-Value Growth Project
Announced MX3 storage expansion adding 4–5 Bcf capacity, estimated cost ~$300 million, expected in service by end of 2029, with signed 25-year customer contracts, FERC regulation, fixed 12.5% ROE and 50% equity layer; project could raise long-term EPS growth target from 4%–6% to 5%–7% once notice to proceed is achieved (target NTP by end of 2027).
SiEnergy (Texas) Rapid Organic Growth and Backlog Expansion
SiEnergy delivered 18% organic customer growth in 2025, contributed ~11% of consolidated adjusted EPS, and increased customer backlog to nearly 250,000 future meters (over 30% backlog growth year-over-year); management expects 15%–20% annual customer growth through 2030 and SiEnergy to contribute 10%–15% of consolidated EPS in 2026.
Water Segment Outperformance and Scale
Northwest Natural Water contributed $0.35 per share (12% of consolidated adjusted EPS) in 2025, above expectations, with water EPS up $0.21; company expects 2%–3% organic customer growth through 2030 and 10%–15% of consolidated EPS contribution in 2026.
Rate Case Progress and Customer Affordability Focus
Settled Oregon rate case with new rates effective Oct 31, 2025; reached settlement in principle in Washington; filed an alternative rate mechanism in Oregon expected to produce a modest 1.5% customer rate increase effective Oct 31, 2026, while pursuing multiyear rate-case frameworks to increase predictability.
Capital Plan and Long-Term Growth Reaffirmed
Reaffirmed long-term EPS compound annual growth target of 4%–6% (5%–7% with MX3) and disclosed planned capex of $2.6 billion–$2.9 billion through 2030; 2026 consolidated CapEx guidance of $500 million–$550 million and expected consolidated rate base growth of 6%–8%.
Shareholder Returns and Strong Liquidity
Maintained 70th consecutive year of dividend growth; targeting a long-term dividend payout ratio of 55%–65% and expecting accelerated dividend growth. Ended 2025 with liquidity of approximately $590 million and significant credit availability.
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 |
|---|---|---|---|
Feb 27, 2026 | $50.27 | $53.04 | +5.51% |
Nov 05, 2025 | $46.24 | $45.56 | -1.47% |
Aug 05, 2025 | $39.35 | $38.65 | -1.79% |
May 06, 2025 | $42.12 | $42.20 | +0.18% |
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 May 06, 2026, TBA (Confirmed).
What is Northwest Natural Gas (NWN) earnings time?
Northwest Natural Gas (NWN) earnings time is at May 06, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
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 (Q1) is 2.37.