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Northwest Natural Gas (NWN)
NYSE:NWN
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.42Last Year’s EPS
1.21Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2019
|% Change Since: -4.10%
|Next Earnings Date:Mar 01, 2019
Earnings Call Sentiment|Neutral
The earnings call reflects a strong focus on growth and successful regulatory outcomes despite some financial challenges and regulatory disallowances. While there are significant achievements in customer growth and renewable energy projects, there are also concerns about operational costs and regulatory setbacks.Company Guidance
During the NW Natural Holdings Q3 2024 earnings call, the company provided detailed guidance, showcasing a strong financial performance and strategic advancements. The guidance reaffirmed the 2024 GAAP earnings per share in the range of $1.94 to $2.14, with adjusted earnings per share projected between $2.20 and $2.40. The company maintained its long-term earnings per share growth target of 4% to 6%. Revenue requirements increased by $93.3 million, which included $83.7 million for system investments and $9.6 million for increased depreciation. The return on equity was set at 9.4% with a cost of capital around 7.1%, supporting a rate base increase to $2.1 billion. Despite a $13.7 million rate base disallowance, NW Natural emphasized solid future performance due to new rates and strategic growth in water, wastewater, and renewable sectors.Successful Completion of Rate Cases
Completed the Oregon gas utility rate case and concluded the water and wastewater utility rate cases, leading to constructive orders and setting the stage for solid future results.
Oregon Gas Utility Revenue Increase
Northwest Natural's revenue requirement increased by $93.3 million, with a rate base increase of $334 million to $2.1 billion.
Strong Customer Growth
Gas and water utility customer base grew by 1.9% over the last 12 months, reaching over 875,000 customers by September 2024.
Positive Economic Indicators
Oregon's unemployment rate remains low at 4%, with single-family housing permits up 13.1% in the Portland metro area, indicating potential future customer growth.
Renewable Energy Development
Two landfill RNG facilities with EDL reached substantial completion in Q3, with expectations for full-year revenues and cash flows in 2025.
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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
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NWN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $41.44 | $41.63 | +0.46% |
| Aug 02, 2024 | $39.86 | $38.44 | -3.56% |
| May 06, 2024 | $37.70 | $36.95 | -1.99% |
| Feb 23, 2024 | $38.31 | $34.54 | -9.84% |
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.
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FAQ
When does Northwest Natural Gas (NWN) report earnings?
Northwest Natural Gas (NWN) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Northwest Natural Gas (NWN) earnings time?
Northwest Natural Gas (NWN) earnings time is at Feb 28, 2025, TBA Not 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 2024 (Q4) is 1.42.
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