Northwest Natural Raises 2026 EPS Guidance Following Strong Performance and Regulatory Wins
Northwest Natural (NWN) has raised its full-year 2026 earnings per share guidance to a range of $3.10 to $3.20, up from the previous estimate of $2.95 to $3.15. This upward revision is driven by strong year-to-date performance and favorable regulatory outcomes across its service territories in Oregon, Washington, and Texas. Despite a third-quarter EPS loss of $0.71 due to higher depreciation and financing costs, the company reported improved margins and robust customer growth within its SiEnergy segment. Management also announced its largest dividend increase since 2012, raising the annual rate to $2 per share, signaling confidence in long-term cash flows. The company is heavily investing in infrastructure, with a capital expenditure plan of up to $550 million for 2026. Key projects include the MX3 Gas Storage expansion, which is expected to bolster long-term EPS growth targets through 2030.
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Topics: Customer Growth Earnings Report EPS Guidance Revenue Requirement