Northwest Natural Gas Company Stock Earnings Reports

Northwest Natural Holdings reported a strong third quarter and reiterated confidence in its full-year outlook. Management expects 2025 adjusted EPS to finish above the midpoint of the $2.75–$2.95 guidance range and reaffirmed long-term EPS growth of 4–6% CAGR. Year-to-date the company invested over $330 million in gas and water systems and continues to grow customers rapidly (combined utility customer growth of 10.9% year-over-year, driven largely by Texas gas acquisitions). Key regulatory and operational highlights include a constructive Oregon rate order (revenue requirement +$20.7M; ROE 9.5%; new rates effective Oct. 31), a Washington rate case filed (3-year request totaling $42.4M increase), and approval of annual purchase gas adjustments. SiEnergy in Texas is performing well, hit financial targets, and grew its signed customer backlog to contracts for over 240,000 future meters (≈35% YoY increase); Texas House Bill 4384 improves investment recovery mechanics for SiEnergy. Northwest Natural Water grew customers 4.1% (organic 2.4%) and completed multiple water rate cases in 2025 (receiving ~67% of requested increases). The company’s Mist storage facility set a new record and reinforced its role in regional peak reliability. Capital expenditures remain anchored in 2025 guidance of $450–$500M. Liquidity was ~ $437M at September 30; SiEnergy issued $185M of bonds in August. The Board approved a dividend increase, marking the company’s 70th consecutive year of annual dividend increases.