Quarterly ResultMay 6, 2026, 06:07 AM
Northwest Natural Q1 EPS $2.33; Reaffirms 2026 Guidance
AI Summary
Northwest Natural Holding Company reported strong first-quarter 2026 results, with EPS increasing to $2.33 from $2.18 in the prior year. The company reaffirmed its 2026 EPS guidance of $2.95 to $3.15 and long-term growth targets, including 4%-6% EPS growth through 2030. Key regulatory progress was made with a settlement in the Washington rate case and a new rate case filing for SiEnergy, alongside continued advancement of the MX3 gas storage expansion project.
Key Highlights
- Reported Q1 2026 EPS of $2.33, up from $2.18 in Q1 2025.
- Net income for Q1 2026 was $97.5 million, an increase of $9.6 million YoY.
- Added over 26,000 utility connections, achieving a 2.8% growth rate.
- Reaffirmed 2026 EPS guidance of $2.95-$3.15 and 4%-6% long-term EPS growth.
- Washington rate case settlement includes $20.1 million revenue increase in year 1.
- SiEnergy filed for a $12.0 million revenue increase in its Texas rate case.
- Declared a quarterly dividend of $0.4925 per share.
- Invested $114 million in gas and water systems.