Northwest Natural Holding Company (NWN) Earnings Call Transcripts

Northwest Natural Holding Company's Latest Earnings Call - Q1 FY2026

In Q1 2026, Northwest Natural Holding Company (NWN) reported adjusted earnings per share (EPS) of $2.33, a slight increase from $2.28 year-over-year, reflecting solid operational performance and customer growth. Revenue growth was driven by new rates and a healthy 16% organic customer growth in its Texas gas utility segment, C Energy. Management reaffirmed its full-year EPS guidance of $2.95 to $3.15 and maintained its long-term EPS growth target of 4% to 6%, signaling confidence in ongoing regulatory initiatives and market conditions.

Reported metrics

Guidance from management

Management reaffirmed full-year 2026 EPS guidance of $2.95 to $3.15, maintaining a long-term EPS growth target of 4% to 6%. They indicated potential for an increase to 5% to 7% with the MX3 project once notice to proceed is achieved.

What management said

Yes. Economic conditions in Oregon, they've been challenged a bit for, I would say, a few years now. And we have seen a slowdown here over that time frame, both in housing starts and other sort of macro indicators in the region. However, the customer growth that we are seeing is largely in line with what we expected for the year here. And a lot of the growth opportunities that we are seeing in Oregon relate to our ga...

Thank you, Lucas, and thanks, everyone, for joining this morning. We appreciate the questions and your interest in Northwest Natural Holdings. Just to recap, 2026 is off to a promising start, and we are continuing to execute on our growth strategy. We look forward to seeing many of you at AGA later this month. And as always, don't hesitate to reach out to Nikki with any further questions. Thanks, everyone.

What analysts pressed on

Analysts raised concerns about economic conditions in Oregon and the potential for regulatory lag impacting net income growth. There were questions about the pace of regulatory approvals and how these might affect future earnings relative to rate base growth.

Main topics on the call

• Customer Growth in C Energy — C Energy reported a robust 16% organic customer growth, with a backlog exceeding 250,000 future meters, highlighting strong demand in the Texas housing market. Management stated, "We expect 15% to 20% annual customer gro...
• Regulatory Initiatives — Management highlighted progress on regulatory filings, including a multiparty settlement in Washington that proposes annual revenue increases over three years. The first-year increase is projected at $20.1 million, which...
• Long-term EPS Growth Guidance — Management reaffirmed the long-term EPS growth target of 4% to 6%, with potential to increase to 5% to 7% upon achieving notice to proceed for the MX3 storage project. This indicates confidence in future earnings potenti...
• Water and Wastewater Business Expansion — The water utility segment is seeing consistent regulatory cadence with four open rate cases and a recent expansion in Arizona. Management noted, "We are beginning to see a more consistent regulatory cadence," which suppo...

Read the full Northwest Natural Holding Company transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Northwest Natural Holding Company earnings call transcripts on record, spanning March 2, 2020 to August 5, 2026. Based on this history, Northwest Natural Holding Company reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NWN

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Gas Utilities

Calls on record

29

First call

March 2, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly