Overview

• NW Natural Q3 2025 EPS at -$0.73, slightly worse than Q3 2024

• Company expects 2025 EPS above midpoint of guidance range

• Added over 95,000 utility connections, driven by SiEnergy acquisition

Outlook

• NW Natural expects 2025 EPS above midpoint of $2.59 to $2.79 range

• Company reaffirms long-term EPS growth target of 4% to 6% annually

• NW Natural anticipates 2025 capital expenditures of $450 mln to $500 mln

Result Drivers

• ACQUISITION IMPACT - SiEnergy acquisition drove significant growth in utility connections, contributing to a 10.9% growth rate

• RATE INCREASE - Margin increased due to new rates in Oregon, effective Nov. 1, 2024

• INVESTMENTS IN INFRASTRUCTURE - Invested $333 million in gas and water systems to support growth and reliability

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the natural gas utilities peer group is "buy."

• Wall Street's median 12-month price target for Northwest Natural Holding Co is $51.50, about 9.3% above its November 4 closing price of $46.73

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBwbwdQWha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)