Strong Q1 Financial Performance
Northwest Natural Holdings reported adjusted net income of $91.8 million or $2.28 per share for Q1 2025, up from $63.8 million or $1.69 per share in Q1 2024.
Utility Customer Growth
The combined utility customer growth rate was 9.6%, driven by the acquisition of Sea Energy, which added about 73,000 gas meters in Texas.
Sea Energy and Hughes Acquisition
The acquisition of Sea Energy and the planned purchase of Hughes Gas Resources are contributing to strong customer growth and operational synergies in Texas.
Renewables Business Performance
Renewable natural gas projects with EDL began operations last year, meeting expectations and providing steady cash flows and earnings.
Recognition for Ethical Business Practices
Northwest Natural Holdings was named one of the 2025 World's Most Ethical Companies by Ethisphere for the fourth consecutive year.