NWN · Northwest Natural Holding Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $490.40M | - | $164.73M | $236.19M | $494.28M | - | $136.93M | $211.71M | $433.47M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $327.54M | - | $177.15M | $208.98M | $339.93M | - | $156.27M | $196.01M | $323.64M | - |
| D&A | $44.13M | - | $40.51M | $41.53M | $40.50M | - | $34.55M | $33.76M | $33.10M | - |
| Operating Income | $162.87M | - | ($12.42M) | $27.21M | $154.35M | - | ($19.33M) | $15.71M | $109.83M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $32.54M | - | ($12.04M) | ($940.0K) | $34.53M | - | ($10.29M) | ($812.0K) | $24.34M | - |
| Net Income | $97.49M | - | ($29.89M) | ($2.50M) | $87.92M | - | ($27.17M) | ($2.79M) | $63.82M | - |
| EPS - Basic | $2.34 | - | ($0.73) | ($0.06) | $2.18 | - | ($0.71) | ($0.07) | $1.69 | - |
| EPS - Diluted | $2.33 | - | ($0.73) | ($0.06) | $2.18 | - | ($0.71) | ($0.07) | $1.69 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $34.95M | $36.67M | $32.20M | $102.58M | $100.05M | $38.49M | $35.05M | $65.19M | $72.38M | $32.92M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $124.84M | $175.57M | $130.51M | $116.82M | $132.81M | $133.27M | $96.26M | $93.56M | $107.89M | $145.36M |
| Current Assets | $584.12M | $602.93M | $435.56M | $466.12M | $539.90M | $557.77M | $408.85M | $423.12M | $537.71M | $601.44M |
| Total Assets | $6.42B | $6.17B | $5.85B | $5.79B | $5.71B | $5.23B | $4.94B | $4.82B | $4.85B | $4.87B |
| Current Liabilities | $730.53M | $836.45M | $742.78M | $683.87M | $513.96M | $649.02M | $567.38M | $435.54M | $468.34M | $696.88M |
| Long-term Debt | $2.27B | $2.27B | $2.13B | $2.09B | $2.19B | $1.68B | $1.55B | $1.57B | $1.57B | $1.43B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.58B | $1.48B | $1.43B | $1.46B | $1.46B | $1.39B | $1.36B | $1.35B | $1.34B | $1.28B |
| Retained Earnings | $512.21M | $435.82M | $398.55M | $448.52M | $470.80M | $402.93M | $377.69M | $423.72M | $445.06M | $399.91M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $116.13M | - | - | - | $179.61M | - | - | - | $125.04M | - |
| Investing Cash Flow | ($116.05M) | - | - | - | ($374.98M) | - | - | - | ($82.49M) | - |
| Financing Cash Flow | ($779.0K) | - | - | - | $254.37M | - | - | - | ($2.92M) | - |
| CapEx | $113.66M | - | - | - | $102.18M | - | - | - | $82.22M | - |
| Free Cash Flow | $2.47M | - | - | - | $77.43M | - | - | - | $42.82M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 33.2% | - | -7.5% | 11.5% | 31.2% | - | -14.1% | 7.4% | 25.3% | - |
| EBITDA margin | 42.2% | - | 17.1% | 29.1% | 39.4% | - | 11.1% | 23.4% | 33.0% | - |
| Net margin | 19.9% | - | -18.1% | -1.1% | 17.8% | - | -19.8% | -1.3% | 14.7% | - |
| Free cash flow margin | 0.5% | - | - | - | 15.7% | - | - | - | 9.9% | - |
| FCF / Net income | 0.03 | - | - | - | 0.88 | - | - | - | 0.67 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 25.0% | - | - | - | 28.2% | - | - | - | 27.6% | - |
| Return on assets | 1.5% | - | -0.5% | -0.0% | 1.5% | - | -0.5% | -0.1% | 1.3% | - |
| Return on equity | 6.2% | - | -2.1% | -0.2% | 6.0% | - | -2.0% | -0.2% | 4.8% | - |
| Return on invested capital | 3.2% | - | -0.3% | 0.6% | 3.0% | - | -0.5% | 0.4% | 2.7% | - |
| Liquidity | ||||||||||
| Current ratio | 0.80 | 0.72 | 0.59 | 0.68 | 1.05 | 0.86 | 0.72 | 0.97 | 1.15 | 0.86 |
| Quick ratio | 0.80 | 0.72 | 0.59 | 0.68 | 1.05 | 0.86 | 0.72 | 0.97 | 1.15 | 0.86 |
| Cash ratio | 0.05 | 0.04 | 0.04 | 0.15 | 0.19 | 0.06 | 0.06 | 0.15 | 0.15 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | 1.44 | 1.54 | 1.48 | 1.43 | 1.51 | 1.21 | 1.15 | 1.17 | 1.17 | 1.11 |
| Debt / Assets | 0.35 | 0.37 | 0.36 | 0.36 | 0.38 | 0.32 | 0.31 | 0.33 | 0.32 | 0.29 |
| Debt / EBITDA | 10.98 | - | 75.77 | 30.35 | 11.25 | - | 102.17 | 31.83 | 11.02 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.07 | 4.18 | 4.08 | 3.97 | 3.92 | 3.78 | 3.64 | 3.58 | 3.61 | 3.79 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.03 | 0.04 | 0.09 | - | 0.03 | 0.04 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 22.8x | - | - | - | 19.6x | - | - | - | 22.0x | - |
| P / B | 1.4x | - | 1.3x | 1.1x | 1.2x | - | 1.2x | 1.0x | 1.0x | - |
| P / S | 4.5x | - | 11.2x | 6.8x | 3.5x | - | 11.4x | 6.5x | 3.2x | - |
| EV / EBITDA | 21.6x | - | 140.5x | 52.3x | 19.6x | - | 202.8x | 58.4x | 20.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.8% | - | 20.3% | 11.6% | 14.0% | - | -3.2% | -11.0% | -6.3% | - |
| Revenue CAGR (3y) | 2.0% | - | 12.1% | 6.6% | 12.2% | - | 10.5% | 12.4% | 11.1% | - |
| Revenue CAGR (5y) | 9.2% | - | 12.0% | 11.8% | 11.6% | - | 8.7% | 11.4% | 8.7% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 5.5% | - | 35.7% | 73.3% | 40.5% | - | -10.0% | 13.5% | -3.2% | - |
| Net income growth (YoY) | 10.9% | - | -10.0% | 10.3% | 37.7% | - | -14.7% | - | -11.0% | - |
| EPS growth (YoY) | 6.9% | - | -2.8% | 14.3% | 29.0% | - | -9.2% | - | -15.9% | - |
| EPS CAGR (3y) | 5.0% | - | - | - | 6.6% | - | - | - | -4.5% | - |
| EPS CAGR (5y) | 3.7% | - | - | - | 6.9% | - | - | - | 2.6% | - |
| FCF growth (YoY) | -96.8% | - | - | - | 80.8% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | -1.9% | - |
| Book value growth (YoY) | 8.3% | 6.5% | 5.7% | 8.4% | 8.4% | 7.9% | 11.3% | 8.6% | 7.6% | 9.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.54B totalNorthwest Natural Gas Company$1.13B · 31.8%
NWNGas Utility$1.10B · 31.0%
Natural Gas Distribution$1.10B · 31.0%
Si Energy Gas Utility$65.98M · 1.9%
NWNWater Utility$65.65M · 1.9%
NWHoldings Other$60.95M · 1.7%
NWNatural Other$28.33M · 0.8%
Product / service
$121.87M totalAlternativerevenue$60.92M · 50.0%
Renewable Natural Gas Sales$29.16M · 23.9%
Gas Storage Revenue Netof Regulatory Sharing$16.77M · 13.8%
Asset Management Revenue Netof Regulatory Sharing$6.82M · 5.6%
Appliance Center Revenue$4.74M · 3.9%
Natural Gas Sales$3.46M · 2.8%
Peer comparison
Same SIC group: Natural Gas Distribution
Comparing Northwest Natural Holding Co against the 5 most active filers in the same SIC group.
Dividends
$1.97/share trailing 12 months · +0.6% YoY
| Ex-date | Per share |
|---|---|
| Apr 30, 2026 | $0.4930 |
| Jan 30, 2026 | $0.4930 |
| Oct 31, 2025 | $0.4930 |
| Jul 31, 2025 | $0.4900 |
| Apr 30, 2025 | $0.4900 |
| Jan 31, 2025 | $0.4900 |
| Oct 31, 2024 | $0.4900 |
| Jul 31, 2024 | $0.4880 |
| Apr 29, 2024 | $0.4880 |
| Jan 30, 2024 | $0.4880 |
| Oct 30, 2023 | $0.4880 |
| Jul 28, 2023 | $0.4850 |
| Apr 27, 2023 | $0.4850 |
| Jan 30, 2023 | $0.4850 |
| Oct 28, 2022 | $0.4850 |
| Jul 28, 2022 | $0.4830 |
| Apr 28, 2022 | $0.4830 |
| Jan 28, 2022 | $0.4830 |
| Oct 28, 2021 | $0.4830 |
| Jul 29, 2021 | $0.4800 |
| Apr 29, 2021 | $0.4800 |
| Jan 28, 2021 | $0.4800 |
| Oct 29, 2020 | $0.4800 |
| Jul 30, 2020 | $0.4780 |