NW Natural Holdings Reports Q2 2026 EPS of $0.01, Narrows Guidance to Upper Half of $2.95–$3.15 Range
NWN sits 24% above its 52-week low of $39.292.
Summary
NW Natural Holdings reported Q2 2026 EPS of $0.01, up from a loss of $0.06 a year ago, and now expects full-year EPS in the upper half of its $2.95–$3.15 guidance range. The company reaffirmed long-term growth targets and highlighted recent rate-case wins and strong customer growth.
Key Events · Earnings and Guidance · NWN
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Q2 EPS Swings to Profit
Reported Q2 2026 EPS of $0.01, compared to a net loss of $0.06 per share in Q2 2025. First-half EPS rose to $2.33 from $2.11 a year ago.
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Full-Year Guidance Narrowed to Upper Half
Management now expects 2026 EPS in the upper half of the $2.95–$3.15 range, citing strong first-half results and improved visibility.
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Long-Term Growth Targets Reaffirmed
Reaffirmed 4%–6% annual EPS growth (5%–7% with MX3 gas storage project) and 6%–8% rate base growth through 2030, backed by a $2.6–$2.9 billion capital plan.
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Regulatory Wins Lock in Revenue Increases
Washington regulators approved a $20.1 million annual revenue increase effective Aug. 1, 2026; an Oregon settlement filed for a $13.0 million increase, with new rates expected Oct. 31, 2026.
Analysis · NWN · Energy & Transportation
Northwest Natural Holding Co. delivered second-quarter earnings that swung to a profit from a year-ago loss, driven by rate increases and customer growth across its gas and water utilities. Management now expects full-year 2026 EPS in the upper half of its $2.95–$3.15 guidance range, signaling confidence in the back half of the year. The company also reaffirmed its long-term growth targets, supported by a $2.6–$2.9 billion capital plan through 2030 and recent regulatory wins in Washington and Oregon that lock in higher revenue. With nearly 18,000 new utility connections added over the past year and $235 million invested in system reliability in the first half alone, the results underscore steady execution in a capital-intensive, regulated business. The stock yields about 4% at the current dividend rate, and the board declared a quarterly payout of $0.4925 per share, maintaining its track record of returning cash to shareholders.
At the time of this filing, NWN was trading at $48.71 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2B. The 52-week trading range was $39.29 to $55.99. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.