Northwest Natural Holding Company reported adjusted earnings per share $(EPS)$ of $1.52 for the first nine months of 2025, up from $0.88 for the same period in 2024. The increase was driven by a $0.58 rise in NWN Gas EPS due to new rates in Oregon effective November 1, 2024, and a $0.20 increase in SiEnergy EPS following the acquisition in January 2025. NWN Water EPS increased by $0.14, primarily from new rates in Arizona and incremental earnings from the ICH utilities acquired in September 2024. The company invested over $330 million in its gas and water systems during the first nine months of 2025 and added more than 95,000 gas and water utility connections in the past 12 months, reflecting a 10.9% combined growth rate as of September 30, 2025. Higher interest expense at NW Natural Holding Company contributed to a $0.28 higher loss per share in the "Other" segment. The company targets a long-term FFO/Adjusted Debt ratio of about 14% and maintains a $336 million gas line of credit.