<span item_type="fundamental" item_id="43e3dd1dbea95b7ab36df194928dd44a" counter_id="ST/US/NWN" env="prod"></span><span item_type="announcement" item_id="513164605545846401" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 494.28 M, beating the estimate of USD 464.97 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 2.18, beating the estimate of USD 1.935.</p><p></p><h3>NWN Gas Utility Segment</h3><h4>Operating Revenues</h4><p>Operating revenues for NWN Gas Utility were $441,076 thousand for the three months ended March 31, 2025, compared to $417,864 thousand for the same period in 2024, reflecting an increase of $23,212 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Margin</h4><p>NWN Gas Utility margin was $256,822 thousand for the three months ended March 31, 2025, compared to $218,150 thousand for the same period in 2024, reflecting an increase of $38,672 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Operating Expenses</h4><p>Total operating expenses for NWN Gas Utility were $117,190 thousand for the three months ended March 31, 2025, compared to $110,177 thousand for the same period in 2024, reflecting an increase of $7,013 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Income from Operations</h4><p>Income from operations for NWN Gas Utility was $139,632 thousand for the three months ended March 31, 2025, compared to $107,973 thousand for the same period in 2024, reflecting an increase of $31,659 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Interest Expense</h4><p>Interest expense for NWN Gas Utility was $15,477 thousand for the three months ended March 31, 2025, compared to $15,968 thousand for the same period in 2024, reflecting a decrease of $491 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Income Tax Expense</h4><p>Income tax expense for NWN Gas Utility was $34,184 thousand for the three months ended March 31, 2025, compared to $24,920 thousand for the same period in 2024, reflecting an increase of $9,264 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Net Income</h4><p>Net income for NWN Gas Utility was $87,166 thousand for the three months ended March 31, 2025, compared to $65,715 thousand for the same period in 2024, reflecting an increase of $21,451 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h3>SiEnergy Gas Utility Segment</h3><h4>Operating Revenues</h4><p>Operating revenues for SiEnergy Gas Utility were $22,666 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Margin</h4><p>SiEnergy Gas Utility margin was $13,584 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Operating Expenses</h4><p>Total operating expenses for SiEnergy Gas Utility were $4,971 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Income from Operations</h4><p>Income from operations for SiEnergy Gas Utility was $9,613 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Interest Expense</h4><p>Interest expense for SiEnergy Gas Utility was $2,257 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Income Tax Expense</h4><p>Income tax expense for SiEnergy Gas Utility was $1,944 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Net Income</h4><p>Net income for SiEnergy Gas Utility was $5,412 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h3>NWN Water Utility Segment</h3><h4>Operating Revenues</h4><p>Operating revenues for NWN Water Utility were $13,909 thousand for the three months ended March 31, 2025, compared to $10,695 thousand for the same period in 2024, reflecting an increase of $3,214 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Income from Operations</h4><p>Income from operations for NWN Water Utility was $3,043 thousand for the three months ended March 31, 2025, compared to $454 thousand for the same period in 2024, reflecting an increase of $2,589 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Interest Expense</h4><p>Interest expense for NWN Water Utility was $792 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Income Tax Expense</h4><p>Income tax expense for NWN Water Utility was $631 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Net Income</h4><p>Net income for NWN Water Utility was $1,620 thousand for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h3>NW Holdings Other Segment</h3><h4>Operating Revenues</h4><p>Operating revenues for NW Holdings Other were $16,633 thousand for the three months ended March 31, 2025, compared to $4,911 thousand for the same period in 2024, reflecting an increase of $11,722 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Income from Operations</h4><p>Income from operations for NW Holdings Other was $2,066 thousand for the three months ended March 31, 2025, compared to $1,400 thousand for the same period in 2024, reflecting an increase of $666 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Interest Expense</h4><p>Interest expense for NW Holdings Other was $10,869 thousand for the three months ended March 31, 2025, compared to $3,083 thousand for the same period in 2024, reflecting an increase of $7,786 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Income Tax Benefit</h4><p>Income tax benefit for NW Holdings Other was $2,232 thousand for the three months ended March 31, 2025, compared to $322 thousand for the same period in 2024, reflecting an increase of $1,910 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h4>Net Loss</h4><p>Net loss for NW Holdings Other was $6,571 thousand for the three months ended March 31, 2025, compared to $1,361 thousand for the same period in 2024, reflecting an increase of $5,210 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p><h3>Outlook</h3><p>NW Holdings expects continued growth in its core business segments, with strategic investments in SiEnergy and NWN Water Utility expected to drive future revenue and margin improvements. The company plans to focus on expanding its service territories and enhancing operational efficiencies across all segments. NW Holdings is committed to pursuing opportunities in renewable natural gas and water services to diversify its revenue streams and support long-term growth.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/73020/000173399825000094/nwn-20250331.htm"></span></p>

Northwest Nat Gas | 10-Q: FY2025 Q1 Revenue Beats Estimate at USD 494.28 M