NW Natural Holdings Completes Acquisition of Hughes Gas Resources, Expanding Texas Operations

Reuters

2025/06/03

NW Natural Holdings Completes Acquisition of Hughes Gas Resources, Expanding Texas Operations

Northwest Natural Holding Company has announced the completion of its acquisition of Hughes Gas Resources, Inc., a Texas natural gas utility, through its subsidiary SiEnergy Operating, LLC. The purchase, valued at $60 million, includes Hughes' approximately 6,900 connections in 12 communities northeast of Houston. This acquisition is expected to expand SiEnergy's regulated gas utility business in Texas with a customer backlog of around 11,000. The transaction is anticipated to be accretive in the first full year of operations. Following the acquisition, Hughes will be rebranded to Pines Holdings, Inc.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northwest Natural Holding Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20250603972017) on June 03, 2025, and is solely responsible for the information contained therein.

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