Skip to content
Northwest Natural logo

Northwest Natural

NWN

Northwest Natural Holding Company is a diversified energy and utility firm primarily engaged in regulated natural gas distribution and water services.

Market cap
$2.16B+32.1%
Revenue$1.3B+5.9%
Net income$122.9M+19.4%
Free cash flow-$272.7M-71.0%
EPS (diluted)$2.95+15.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$271.9M
EPS estimate-$0.08

Financials

Q1 2026

Income statement

See full
Revenue$490.4M-0.8%
Operating income$162.9M+5.5%
Net income$97.5M+10.9%
EPS (diluted)$2.33+6.9%

Balance sheet

See full
Cash & equivalents$40.4M-62.3%
Total debt$2.5B+7.1%
Total equity$1.6B+8.3%
Total assets$6.4B+12.5%

Cash flow

See full
Operating cash flow$116.1M-35.3%
CapEx$113.7M+11.2%
Free cash flow$2.5M-96.8%

Valuation & ratios

Valuation

See full
Market cap$2.16B+32.1%
Enterprise value$4.64B+20.5%
P/E17.6×+1.8×
P/S1.7×+0.4×

Profitability

See full
Operating margin22.5%+3.1pp
Net margin9.6%+1.1pp
FCF margin-21.2%+33.8pp

Returns & leverage

See full
Return on equity8.1%+0.7pp
Debt / equity1.6×0.0×
Current ratio0.8×-0.3×

Segments

By product

See full
Natural gas sales$428.9M-5.5%
Alternative revenue$25.3M+329%
Water and wastewater revenue$15.0M+7.6%
Renewable natural gas sales$8.5M+9.6%
Gas storage revenue, net$4.4M-5.4%

By segment

See full
Other$9.8M

Competitors

Profile

Northwest Natural Holding Company is a diversified energy and utility firm primarily engaged in regulated natural gas distribution and water services. The company provides essential energy delivery to residential, commercial, and industrial customers while expanding into renewable energy and non-regulated storage markets. Its core value proposition centers on safe, reliable utility operations and a strategic transition toward lower-carbon energy solutions.

Competitive position

A dominant regulated gas utility in the Pacific Northwest with a growing footprint in the Texas gas market and a multi-state water utility platform.

GeographiesUnited States, Oregon, Washington, Texas, Idaho, Arizona, California
Customer segmentsResidential, Commercial, Industrial, Governmental
Business modelRegulated Monopoly, Asset-heavy Infrastructure, Service-based Contract Management
SuppliersNatural Gas Producers (Western Canada and U.S. Rockies), Interstate Pipeline Operators, Water Rights and Aquifers, Landfill Gas Suppliers
CustomersResidential Homeowners, Commercial Businesses, Industrial Manufacturers, Electric Power Generators
Listed1972
Employees1.4K
CEOJustin Palfreyman
SectorUtilities
FilingsSEC EDGAR

Questions, answered.

What is Northwest Natural's market cap?
Northwest Natural (NWN) has a market capitalization of $2.2B and trades on NYSE.
What is Northwest Natural's revenue and profitability?
Northwest Natural generated $1.3B in trailing twelve-month revenue with net income of $122.9M, representing a net margin of 9.6%, with free cash flow of -$272.7M. These figures are based on the Q1 2026 filing.
Who are Northwest Natural's competitors?
Northwest Natural's key competitors include Atmos Energy, Avista Corporation, Southwest Gas Holdings, Inc., and others. These companies compete in similar markets and product categories.
Who does Northwest Natural partner with?
Northwest Natural's notable partners include Portland General Electric, EDL, The Williams Companies, and others.
What subsidiaries does Northwest Natural have?
Northwest Natural's subsidiaries include NW Natural, SiEnergy, NW Natural Renewables, and others.
Where is Northwest Natural headquartered?
Northwest Natural is headquartered in United States of America and employs approximately 1,380 people. It has been publicly traded since 1972.