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Northwest Natural NWN Q2 2025 earnings

Reported August 5, 2025 · Before market open

Revenue$236.2MBeat by $61.5M
EPS$0.01Beat by $0.08
Revenue estimate$174.7M
EPS estimate-$0.07

Next report

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

Financials

Q2 2025

Income statement

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Revenue$236.2M+11.6%
Operating income$27.2M+73.3%
Net income-$2.5M+10.3%
EPS (diluted)-$0.06+14.3%

Balance sheet

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Cash & equivalents$102.6M+57.3%
Total debt$2.3B+34.1%
Total equity$1.5B+8.4%
Total assets$5.8B+20.0%

Cash flow

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Operating cash flow$102.2M-15.6%
CapEx$120.5M+3.2%
Free cash flow-$18.3M-524%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$1.66B+21.7%
Enterprise value$3.88B+28.0%
P/E16.1×-0.6×
P/S1.3×+0.1×

Profitability

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Operating margin20%+3.9pp
Net margin8.3%+1.2pp
FCF margin-14.7%+1.6pp

Returns & leverage

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Return on equity7.4%+1.0pp
Debt / equity1.6×+0.3×
Current ratio0.7×-0.3×

Segments

By product

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Natural gas sales$179.1M-2.6%
Alternative revenue$22.1M+263%
Water and wastewater revenue$16.3M
Renewable natural gas sales$6.9M
Gas storage revenue, net$4.1M+33.1%

By segment

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NWN Gas Utility$194.3M
NWN Water$16.3M
SiEnergy$11.5M

Versus estimates

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Questions, answered.

When did Northwest Natural report Q2 2025 earnings?
Northwest Natural (NWN) reported Q2 2025 earnings on August 5, 2025 before market open.
What were Northwest Natural's Q2 2025 revenue and EPS?
Northwest Natural reported revenue of $236.2M and eps of $0.01 for Q2 2025.
Did Northwest Natural beat estimates in Q2 2025?
Revenue beat the consensus estimate of $174.7M by $61.5M. EPS beat the consensus estimate of $-0.07 by $0.08.
How did Northwest Natural's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.6% from $211.7M a year earlier.
Where can I find Northwest Natural's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001733998-25-000132) directly on SEC EDGAR. The filing index links above go to sec.gov.