Northwest Nat Gas | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 164.73 M

Revenue: As of FY2025 Q3, the actual value is USD 164.73 M, missing the estimate of USD 174.98 M.

EPS: As of FY2025 Q3, the actual value is USD -0.73, beating the estimate of USD -0.8475.

EBIT: As of FY2025 Q3, the actual value is USD 18.01 M.

NWN Gas Utility

• Operating Revenues: $120,066 thousand for Q3 2025, compared to $114,004 thousand for Q3 2024.
• Depreciation: $37,318 thousand for Q3 2025, compared to $31,826 thousand for Q3 2024.
• Income (Loss) from Operations: - $28,876 thousand for Q3 2025, compared to - $27,087 thousand for Q3 2024.
• Interest Expense, Net: $14,596 thousand for Q3 2025, compared to $14,988 thousand for Q3 2024.
• Capital Expenditures: $82,605 thousand for Q3 2025, compared to $84,219 thousand for Q3 2024.

SiEnergy Gas Utility

• Operating Revenues: $11,821 thousand for Q3 2025.
• Depreciation: $1,620 thousand for Q3 2025.
• Income from Operations: $4,408 thousand for Q3 2025.
• Interest Expense, Net: $2,453 thousand for Q3 2025.
• Capital Expenditures: $14,375 thousand for Q3 2025.

NWN Water Utility

• Operating Revenues: $18,627 thousand for Q3 2025, compared to $15,388 thousand for Q3 2024.
• Depreciation: $1,264 thousand for Q3 2025, compared to $2,460 thousand for Q3 2024.
• Income from Operations: $6,535 thousand for Q3 2025, compared to $3,796 thousand for Q3 2024.
• Capital Expenditures: $9,932 thousand for Q3 2025, compared to $9,738 thousand for Q3 2024.

NW Holdings Other

• Operating Revenues: $14,214 thousand for Q3 2025, compared to $7,542 thousand for Q3 2024.
• Income from Operations: $5,510 thousand for Q3 2025, compared to $3,959 thousand for Q3 2024.
• Interest Expense, Net: $12,587 thousand for Q3 2025, compared to $3,314 thousand for Q3 2024.
• Capital Expenditures: $3,076 thousand for Q3 2025, compared to $1,375 thousand for Q3 2024.

Outlook and Strategy

• Core Business Focus: NW Holdings plans to continue investing in its core utility operations, with significant capital expenditures planned for infrastructure improvements and expansion, particularly in the NWN Gas Utility and SiEnergy segments.
• Non-Core Business: NW Holdings is exploring opportunities in renewable natural gas through its subsidiary NWN Renewables, aiming to expand its presence in the unregulated renewable natural gas market.