Northwest Natural (NWN) Q2 2025

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Earnings

Northwest Natural Holdings delivered a mixed but broadly encouraging second quarter, posting a per-share loss of $0.06 that cleared the consensus estimate of $0.13 by 53.13%, even as revenue of $236.19 million fell short of the $252.69 million analys… Read more Northwest Natural Holdings delivered a mixed but broadly encouraging second quarter, posting a per-share loss of $0.06 that cleared the consensus estimate of $0.13 by 53.13%, even as revenue of $236.19 million fell short of the $252.69 million analysts had expected, a miss of 6.53%. Still, the top line reflected genuine momentum, rising 11.6% year-over-year, with the primary catalyst being new rates in Oregon that lifted NWN Gas Utility margins by $16.91 million, supplemented by early contributions from the SiEnergy acquisition in Texas. The quarter also absorbed meaningful headwinds, as interest expense nearly doubled to $30.49 million following junior subordinated notes issued in March 2025, which weighed on the Other segment. Management updated full-year 2025 GAAP EPS guidance to $2.60-$2.80 to reflect final transaction costs tied to the Pines acquisition, while reaffirming adjusted EPS guidance of $2.75-$2.95 and a 4%-6% long-term EPS growth target through 2030, underscoring confidence in the company's acquisition-fueled expansion strategy despite near-term financing costs.