NORTHWEST NATURAL HOLDING Reports Q2 FY2023 Earnings Results
August 24, 2023
☀️Earnings Overview
On June 30, 2023, NORTHWEST NATURAL HOLDING ($NYSE:NWN) reported its second quarter of FY2023 earnings results. Total revenue for the quarter reached USD 237.9 million, a 22.0% increase from the same quarter in 2023; however, net income decreased by 27.9% year-over-year to USD 1.2 million.
Stock Price
The stock opened at $42.2 and closed at $42.5, an increase of 1.0% from the previous closing price of $42.1. This increase is indicative of the continued growth and stability of the company, despite the challenging economic climate. Overall, these results demonstrate NORTHWEST NATURAL HOLDING’s ability to remain profitable, despite challenging economic conditions. The company remains confident that it will continue to report strong financial results in the future, as it continues to focus on providing quality services and products to its customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NWN. More…
| Total Revenues | Net Income | Net Margin |
| 1.19k | 101.26 | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NWN. More…
| Operations | Investing | Financing |
| 248.96 | -417.31 | 293.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NWN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.54k | 3.3k | 34.49 |
Key Ratios Snapshot
Some of the financial key ratios for NWN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.3% | 12.3% | 17.1% |
| FCF Margin | ROE | ROA |
| -5.7% | 10.2% | 2.8% |
Analysis
GoodWhale is here to help you analyze NORTHWEST NATURAL HOLDING’s fundamentals. Our Risk Rating system shows NORTHWEST NATURAL HOLDING as a medium risk investment in terms of financial and business aspects. We have detected 1 risk warning in their income sheet which can be accessed only by registered users. So what are you waiting for? Sign up now with GoodWhale and get the most accurate and reliable analysis of NORTHWEST NATURAL HOLDING. More…
Peers
Its competitors include RGC Resources Inc, ONE Gas Inc, and Indraprastha Gas Ltd. The company has a strong market position and is well-positioned to continue its growth.
– RGC Resources Inc ($NASDAQ:RGCO)
RGC Resources is a diversified energy services company that provides natural gas and electricity to residential, commercial, and industrial customers in Virginia, North Carolina, and South Carolina. The company also provides energy-related products and services to customers in Virginia and North Carolina. RGC Resources has a market cap of 206.32M as of 2022, a Return on Equity of -13.92%. The company has been in operation for over 100 years and is headquartered in Roanoke, Virginia.
– ONE Gas Inc ($NYSE:OGS)
Natl Gas Co is a holding company, which engages in the distribution of natural gas. It operates through the following segments: Natural Gas and Others. The Natural Gas segment offers natural gas to residential, commercial and industrial customers. The Others segment includes activities of the Company’s subsidiaries in the electricity, water and waste industries. The company was founded on December 28, 1922 and is headquartered in Buenos Aires, Argentina.
– Indraprastha Gas Ltd ($BSE:532514)
Indraprastha Gas Ltd (IGL) is an Indian natural gas distribution company. It is engaged in the business of marketing and distributing natural gas in the National Capital Region of India. IGL also has a city gas distribution network in the cities of Agra and Kanpur. The company has a customer base of over 2.6 million customers.
IGL has a market capitalization of Rs 296.1 billion as of March 31, 2022. The company has a return on equity of 17.79%. IGL is a leading player in the city gas distribution market in India. The company has a strong presence in the National Capital Region of India, with a customer base of over 2.6 million customers.
Summary
NORTHWEST NATURAL HOLDING reported its earnings results for the second quarter of FY2023 with total revenue of USD 237.9 million, a 22.0% year-on-year increase. However, net income had decreased by 27.9%. Despite this decrease, the strong performance in revenue is an indication of robust performance in the second quarter that investors should consider when deciding whether to invest in NORTHWEST NATURAL HOLDING. Further analysis should be done to assess the company’s potential and the best approach for investing in their stock.
