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Northwest Natural NWN Alternative revenue — Operating revenues

Other product segments

Natural gas sales
$428.87M-5.5%
Water and wastewater revenue
$14.97M+7.6%
Renewable natural gas sales
$8.47M+9.6%
Gas storage revenue, net
$4.37M-5.4%
Asset management revenue, net
$1.75M-0.1%
Gas appliance retail revenue
$1.31M
Other revenue
$876K-8.0%

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$6.62M+0.3%

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$2.1B+28.7%
Enterprise value$4.58B+18.3%
P/E17.1×+1.2×
P/S1.6×+0.3×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Northwest Natural in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Northwest Natural’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northwest Natural's alternative revenue — operating revenues?
Northwest Natural (NWN) reported alternative revenue — operating revenues of $25.35M in Q1 2026.
How has Northwest Natural's alternative revenue — operating revenues changed year-over-year?
Northwest Natural's alternative revenue — operating revenues increased by 329.0% year-over-year, from $5.91M to $25.35M.
What is the long-term trend for Northwest Natural's alternative revenue — operating revenues?
Over 4 years (2021 to 2025), Northwest Natural's alternative revenue — operating revenues has grown at a 43.6% compound annual growth rate (CAGR), from $14.69M to $62.5M.
What does alternative revenue — operating revenues mean?
This metric represents the operating revenues generated from non-traditional utility business activities, often including regulatory mechanisms like decoupling or other alternative rate structures. It captures income streams that fall outside of standard volumetric natural gas sales, reflecting the company's ability to diversify earnings through regulatory frameworks. Monitoring this segment helps investors understand the impact of non-core revenue drivers on overall financial performance and stability.