Northwest Natural Holding Co (NWN) News & EventsNWNNorthwest Natural Holding Co

Northwest Natural Holding Company Declares Quarterly Dividend of $0.50 per Share

The Board of Directors of Northwest Natural Holding Company has declared a quarterly dividend of 50c per share on the company's common stock. The Company's indicated annual dividend rate is $2.00 per share, a 3c increase from the previous annual rate of $1.97 per share. This marks the company's 71st consecutive year of increasing shareholder dividends and the largest declared increase since 2012. "Strong execution provided the flexibility to increase the dividend at a higher rate than recent years while positioning us to meet our targeted payout ratio," said Ray Kaszuba, Senior Vice President and Chief Financial Officer. "We remain committed to balancing disciplined investment in the business while returning capital to shareholders."

NW Natural Reaches $8.6 Million Settlement in Texas Rate Case

NW Natural Holding Company announced that its wholly owned subsidiaries SiEnergy Gas, LLC and its gas distribution affiliates reached a settlement with key parties in their Texas general rate case. The parties to the settlement include the staff of the Railroad Commission of Texas and the cities served by SiEnergy. The settlement was filed with the RRC on September 22 and remains subject to RRC approval. If approved, the settlement would resolve all items in the general rate case. It provides for an $8.6M increase in the annual revenue requirement, compared with SiEnergy's original request of $12M. The settlement also provides for a capital structure of 59.75% equity and 40.25% long-term debt, a return on equity of 9.8%, and an overall cost of capital of 8.0%. The settlement reflects rate base of $343M, an increase of $177M since the last rate case in 2023. It also permits the consolidation of SiEnergy Gas, LLC and its gas distribution entities. If approved, new rates are expected to take effect in November 2026. The settlement establishes the factors necessary for SiEnergy's future participation in the Grid Reliability Infrastructure Program, which enables interim rate adjustments based upon the change in net plant investments during the prior year. To participate in the program, SiEnergy would need to make its initial GRIP filing within two years of its rate case filing.

NW Natural Holdings Q2 Revenue $243.5M, Below Expectations

Reports Q2 revenue $243.5M, consensus $271.97M. "Our results exceeded our expectations and reflect strong execution across the business," said Justin Palfreyman, President and Chief Executive Officer. "Our consistent performance and strong first-half results, combined with increased visibility into the balance of the year, support our expectation that 2026 EPS will be in the upper half of our guidance range. The strength of our strategy positions NW Natural Holdings to continue to deliver safe, reliable, and affordable service while creating long-term value for customers and shareholders."