Northwest Natural Holding Co NWN

Utilities SIC 4924 - Natural Gas Distribution NAICS Utilities › Natural Gas Distribution derived NYSE

NW Holdings is a holding company headquartered in Portland, Oregon and owns NW Natural, SiEnergy Operating, LLC (SiEnergy Gas Utility or SiEnergy), NW Natural Water Company, LLC (NWN Water Utility or NWN Water), and NW Natural Renewables Holdings, LLC (NWN Renewables).

NW Natural distributes natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. NW Natural and its predecessors have supplied gas service to the public since 1859, was incorporated in Oregon in 1910, and began doing business as NW Natural in 1997. Prior to the first quarter of 2025, NW Natural's natural gas distribution activities were reported in the natural gas distribution (NGD) segment. All other business activities, including certain gas storage activities, water and wastewater businesses, non-regulated renewable natural gas activities and other investments and activities are aggregated and reported as "other" at their respective registrant.

Last close 49.87 2026-10-23
Market cap $2.10B 2026-06-30 share count
52-week range 44.45 - 55.99

Valuation FY2025 figures against the last close

P/S1.7x
P/E18.0x
P/FCF—
EV/EBITDA16.0x
Dividend yield3.7%
Diluted EPS2.77

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.21B$1.12B$1.17B$1.04B$828.2M$744.4M$746.4M$706.1M$755.0M$668.2M
Total operating expenses $1.01B$961.9M$1.01B$869.9M$697.3M$625.3M$602.9M$574.0M$604.1M$517.5M
Operating income $280.9M$191.1M$184.9M$167.5M$163.1M$148.4M$143.5M$132.2M$150.9M$150.7M
Pre-tax income $154.7M$109.9M$126.2M$115.4M$106.1M$91.4M$78.0M$91.5M$113.1M$105.4M
Income tax $41.4M$31.1M$32.4M$29.1M$27.4M$21.1M$12.6M$24.2M$41.0M$43.0M
Net income $113.3M$78.9M$93.9M$86.3M$78.7M$76.8M$61.7M$64.6M-$55.6M$58.9M
EPS, basic 2.772.032.592.542.562.512.072.24-1.942.13
EPS, diluted 2.772.032.592.542.562.512.072.24-1.932.12
Shares, diluted (wtd. avg.) 41.0M38.9M36.3M34.0M30.8M30.6M29.9M28.9M28.8M27.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $36.7M$38.5M$49.6M$41.0M$27.1M$35.5M$12.6M$14.9M$3.5M$3.5M
Total current assets $602.9M$557.8M$601.4M$744.2M$437.3M$323.2M$293.7M$295.9M$269.9M—
Property, plant and equipment $4.35B$3.67B$3.36B$3.11B$2.87B$2.65B$2.44B$2.42B$2.24B—
Goodwill $370.8M$183.8M$163.3M$149.3M$70.6M$69.2M$49.9M$9.0M$0—
Total assets $6.17B$5.23B$4.87B$4.75B$4.06B$3.76B$3.43B$3.24B$3.04B—
Accounts payable $175.6M$133.3M$145.4M$180.7M$133.5M$98.0M$113.4M$115.9M$111.0M—
Short-term debt $160.6M$30.8M$150.9M$90.7M$345.0K$95.3M$75.1M$30.0M$96.7M—
Total current liabilities $836.4M$649.0M$696.9M$898.7M$724.8M$627.1M$482.2M$509.1M$381.9M—
Long-term debt $2.27B$1.68B$1.43B$1.25B$1.04B$860.1M$806.0M$706.2M$683.2M—
Retained earnings $435.8M$402.9M$399.9M$376.5M$355.8M$336.5M$318.4M$312.2M$302.3M—
Total equity $1.48B$1.39B$1.28B$1.18B$935.1M$888.7M$866.0M$762.6M$742.8M$850.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $269.1M$200.3M$279.9M$147.7M$160.4M$145.3M$186.0M$168.8M$206.7M$222.1M
Capital expenditure $466.9M$394.4M$327.3M$338.6M$293.9M$273.0M$223.5M$214.6M$213.3M$138.4M
Investing cash flow -$808.9M-$429.0M-$335.5M-$435.5M-$300.1M-$294.3M-$303.8M-$217.5M-$214.2M-$136.6M
Financing cash flow $532.9M$227.1M$64.2M$301.6M$131.4M$171.8M$115.5M$57.8M$7.4M-$86.2M
Dividends paid $77.3M$72.9M$67.3M$62.8M$55.9M$55.4M$53.3M$51.3M$54.0M$51.5M
Buybacks ——————$0$0$2.0M$1.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-161075.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 668.2M Net income, FY2016: 58.9M Revenue, FY2017: 755M Net income, FY2017: -55.6M Revenue, FY2018: 706.1M Net income, FY2018: 64.6M Revenue, FY2019: 746.4M Net income, FY2019: 61.7M Revenue, FY2020: 744.4M Net income, FY2020: 76.8M Revenue, FY2021: 828.2M Net income, FY2021: 78.7M Revenue, FY2022: 1B Net income, FY2022: 86.3M Revenue, FY2023: 1.2B Net income, FY2023: 93.9M Revenue, FY2024: 1.1B Net income, FY2024: 78.9M Revenue, FY2025: 1.2B Net income, FY2025: 113.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $668.2M $755.0M $706.1M $746.4M $744.4M $828.2M $1.04B $1.17B $1.12B $1.21B
Gross profit — — — — — — — — — —
Net income $58.9M -$55.6M $64.6M $61.7M $76.8M $78.7M $86.3M $93.9M $78.9M $113.3M

Recent filings and events

  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation Item 2.03
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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