Strong Financial Performance
Adjusted net income of $2.28 per share for the first 6 months of 2025 compared to $1.60 per share for the same period last year, indicating a substantial growth in earnings.
Utility Customer Growth
Combined utility customer growth rate of 10.6% for the year ended June 30, 2025, driven by strong performance in Texas. Northwest Natural Water also posted a 5.8% customer growth.
Successful Rate Case Settlement
Resolved a settlement with an increase in revenue requirement of $21.3 million, an ROE increase to 9.5%, and a rate base increase to $2.2 billion.
SiEnergy Expansion
SiEnergy added a sizable increase to its customer backlog with over 217,000 future meters, including the acquisition of Hughes Gas Resources rebranded as Pines Holdings.
Positive Earnings Guidance
Reaffirmed annual 2025 adjusted earnings guidance in the range of $2.75 to $2.95 per share, with confidence in achieving financial targets.