Northwest Natural Holding Beats Expectations with $2.01 GAAP EPS and $462.43M in Revenue

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Northwest Natural Holding ($NYSE:NWN) recently reported a GAAP EPS of $2.01, surpassing expectations by $0.12 and revenue of $462.43M, which exceeded forecasts by $96.97M. This strong financial performance is a testament to the company’s success and expertise in the natural gas utility industry. It operates two utilities that provide natural gas and related services to customers in Oregon, Washington, and California. The company also owns a variety of other natural gas distribution, transportation, and storage assets in the western United States. Northwest Natural Holding’s impressive financial performance is reflective of their years of experience in the natural gas utility sector.

The company has developed a strategy to optimize their operations and serve customers with reliable, safe, and affordable natural gas services. Through this strategy, Northwest Natural Holding has been able to increase its earnings and generate significant revenue growth. As Northwest Natural Holding continues to grow and evolve in the natural gas utility industry, it is likely that the company will continue to beat expectations and deliver strong financial performance in the years to come.

Earnings

NORTHWEST NATURAL HOLDING recently released its FY2022 Q4 earnings report, which showed impressive results. The report highlighted that the company earned 375.25M USD in total revenue and 47.94M USD in net income for the quarter ending December 31 2022. This was a 27.6% increase from the previous year in total revenue, and an 18.3% increase in net income.

Additionally, NORTHWEST NATURAL HOLDING’s total revenue has grown significantly over the past three years, increasing from 260.27M USD to 375.25M USD. These impressive results have helped the company beat expectations, with a GAAP EPS of $2.01 and total revenue of $462.43M.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NWN. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NWN. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NWN. More…

Key Ratios Snapshot

Some of the financial key ratios for NWN are shown below. More…

Market Price

Thursday marked a successful day for Northwest Natural Holding, with the stock opening at $46.1 and closing at $48.3, up by 4.7%. These results exceeded expectations and drove the stock higher, illustrating the confidence that investors have in the company’s performance. Moving forward, the company is hoping to continue to deliver strong financial results and an improved stock performance. Live Quote…

Analysis

Our analysis of NORTHWEST NATURAL HOLDING’s wellbeing using the Star Chart showed an intermediate health score of 4/10. We conclude that NORTHWEST NATURAL HOLDING is a ‘gorilla’ type of company – one that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Based on our analysis, we believe that this company may have the ability to pay off debt and fund future operations. This company is particularly strong in dividend and profitability, and medium in asset and growth. We believe that these qualities make NORTHWEST NATURAL HOLDING an attractive investment opportunity for value and income investors. Those investors looking for growth may also find this company of interest, as its competitive advantage provides a strong foundation for future growth. 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 recently reported a strong third quarter, beating expectations for both earnings per share (EPS) and revenue. The company posted an EPS of $2.01, beating forecasts by $0.12, while revenue came in at $462.43M, exceeding estimates by $96.97M. This positive news was reflected in the stock price, which moved up on the news. In general, the company’s fundamentals are generally seen as healthy and encouraging for investors.

Its balance sheet is strong, with low debt and solid liquidity, while its cash flow position is also solid. This latest financial report signals that the company’s performance remains robust, boding well for the future.