Northwest Natural Holding Co SEC 10-Q Report

Northwest Natural Holding Co, a prominent player in the utility sector, has released its Form 10-Q report for the third quarter. The report provides a comprehensive overview of the company's financial and operational performance, showcasing significant improvements and strategic initiatives aimed at driving future growth. Financial Highlights Northwest Natural Holding Co reported notable financial metrics for the third quarter:Operating Revenues: $164.7 million, reflecting an increase from $136.9 million in the prior year period, driven by higher sales across segments.Income (Loss) from Operations: $(12.4) million, an improvement from $(19.3) million in the prior year period, indicating better operational efficiency.Net Income (Loss): $(29.9) million, compared to $(27.2) million in the prior year period, impacted by increased interest expenses.Earnings (Loss) Per Share of Common Stock - Basic: $(0.73), compared to $(0.71) in the prior year period, reflecting the net loss.Earnings (Loss) Per Share of Common Stock - Diluted: $(0.73), consistent with the basic EPS, due to the net loss. Business Highlights The company's operational performance and strategic initiatives were also highlighted in the report:Revenue Segments: NW Holdings operates primarily in three reportable business segments: NWN Gas Utility, SiEnergy Gas Utility, and NWN Water Utility. NWN Gas Utility serves customers in Oregon and southwest Washington, SiEnergy Gas Utility operates in the greater metropolitan areas of Houston, Dallas, and Austin, Texas, and NWN Water Utility provides water and wastewater services in Oregon, Washington, Idaho, Texas, and Arizona.Geographical Performance: The NWN Gas Utility segment, which includes operations in Oregon and southwest Washington, reported significant contributions to the company's overall performance. SiEnergy's operations in Texas also contributed to the company's growth, particularly in the residential and commercial sectors.Sales Units: The NWN Gas Utility segment reported a substantial volume of natural gas sales, with distribution revenues contributing significantly to the segment's performance. SiEnergy also reported strong distribution revenues, reflecting robust demand in its service areas.New Product Launches: NW Holdings has been actively investing in renewable natural gas (RNG) activities through its subsidiary NWN Renewables, which focuses on the sale of RNG under long-term contracts.New Production Launches: The acquisition of SiEnergy in January 2025 expanded NW Holdings' operational footprint in Texas, enhancing its capacity to serve residential and commercial customers in the region.Future Outlook: NW Holdings anticipates continued growth in its core utility segments, with a focus on expanding its renewable energy initiatives and enhancing service delivery across its geographical markets. The company is also poised to benefit from regulatory mechanisms that support its environmental and operational objectives.SEC Filing: Northwest Natural Holding Co [ NWN ] - 10-Q - Nov. 05, 2025