NWN Earnings Prediction
The chart below shows how NWN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NWN sees a -0.45% change in stock price 10 days leading up to the earnings, and a -0.48% change 10 days following the report. On the earnings day itself, the stock moves by -1.07%. This data can give you a slight idea of what to expect for the next quarter's release.
NWN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
136.93M
-3.21%
-35.32%
Gross Margin
42.51%
6.04%
-6.03%
Operating Margin
-14.12%
13.69%
-290.30%
Net Margin
-19.84%
18.52%
1403.03%
EPS
-0.71
-9.23%
914.29%
No Data Available
NWN Earnings Analysis
Northwest Natural Holding Company Corporation (NWN.N) Earnings Conference Call
Positive
Customer Base Expansion: 1. Customer Base Growth: The gas and water utility customer base grew by 1.9% over the last 12 months, surpassing 875,000 customers as of September 30, 2024.
Rate Case Success: 2. Successful Rate Case Completion: The Oregon gas utility rate case resulted in a revenue requirement increase of $93.3 million, enhancing the company's financial position.
Rate Base Expansion: 3. Increased Rate Base: The rate base increased by $334 million to a total of $2.1 billion, reflecting significant investments in the utility infrastructure.
Cash Flow Performance: 4. Strong Cash Flow: Cash provided by operating activities reached $220 million for the year, supporting ongoing capital investments.
Acquisition Expansion Success: 5. Acquisition Growth: The company successfully closed the Puttman Infrastructure and ICH acquisition, expanding its customer base in Idaho, Oregon, and California.
Negative
Net Loss Comparison: 1. Net Loss Increase: The company reported a net loss of $27.2 million or $0.71 per share for Q3 2024, worsening from a loss of $23.7 million or $0.65 per share in Q3 2023.
Regulatory Disallowance Impact: 2. Regulatory Disallowance: The Oregon gas utility rate case resulted in a $10.1 million after-tax noncash disallowance, which will be recognized in Q4 2024.
Income Decline Overview: 3. Year-to-Date Income Decline: For the first nine months of 2024, net income dropped to $33.9 million or $0.88 per share, down from $49.2 million or $1.37 per share in the same period of 2023.
Rising Operating Expenses: 4. Increased Operating Expenses: Gas utility O&M expenses rose by $1.3 million due to higher payroll and benefits costs, while utility depreciation and general taxes increased by $3.6 million.
Other Income Decline: 5. Decline in Other Income: Other income and expenses net declined by $4.6 million, primarily due to lower interest income and higher pension costs.
NWN FAQs
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NWN Earning Call Sentiment
Northwest Natural Holding Company (NWN) Q3 2024 Earnings Call Transcript
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00:00
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NWN.N
1.12%Positive
The earnings call reveals negative financial performance, with a significant net loss and declining EPS due to regulatory lag and inflationary pressures. Despite stable utility margins, increased costs and debt reliance are concerning. The Q&A highlights management's disappointment with regulatory decisions and unclear responses, indicating uncertainty. The market cap suggests moderate reaction, but overall sentiment is negative due to financial challenges and lack of clear future guidance.
