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Northwest Natural NWN NW Natural — NWN Gas Utility income from operations

Other segment segments

SiEnergy
$4.9M+36.4%
NWN Water Utility
$3.42M-20.4%
Other
$1.9M

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Other financials

Income statement

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Revenue$243.6M+3.1%
Operating income$33.2M+21.9%
Net income$1.2M+135%
EPS (diluted)$0.01+117%

Balance sheet

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Cash & equivalents$29.8M-72.0%
Total debt$2.6B+10.9%
Total equity$1.6B+6.9%
Total assets$6.4B+11.3%

Cash flow

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Operating cash flow$109.7M+7.4%
CapEx$121.3M+0.7%
Free cash flow-$11.6M+36.8%

Valuation

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Market cap$2.14B+28.5%
Enterprise value$4.68B+20.7%
P/E12.8×+1.3×
P/S1.7×+0.3×

Profitability

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Operating margin22.8%+2.9pp
Net margin12.9%+1.3pp
FCF margin-20.6%+13.6pp

Returns & leverage

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Return on equity11.1%+0.8pp
Debt / equity1.7×+0.1×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by Northwest Natural in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Northwest Natural’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 1:41 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001733998-26-000127
In thousandsThree Months Ended June 30, / NW NaturalThree Months Ended June 30, / Si EnergyThree Months Ended June 30, / NWN WaterThree Months Ended June 30, / OtherNW Holdings
2026
Operating revenues$204,802$13,546$17,077$8,127$243,552
Depreciation39,5921,7682,85244,212
Income from operations(1)22,9394,8973,4191,90233,157
Interest expense, net17,4262,60782112,49833,352
Income tax expense (benefit)2,231565750(2,936)610
Capital expenditures86,98820,93813,33137121,294
2025

Item 1. Unaudited Financial Statements:

FAQ

What is Northwest Natural's NW natural — NWN gas utility income from operations?
Northwest Natural (NWN) reported NW natural — NWN gas utility income from operations of $22.94M in Q2 2026.
How has Northwest Natural's NW natural — NWN gas utility income from operations changed year-over-year?
Northwest Natural's NW natural — NWN gas utility income from operations increased by 2.5% year-over-year, from $22.39M to $22.94M.
What is the long-term trend for Northwest Natural's NW natural — NWN gas utility income from operations?
Over 4 years (2021 to 2025), Northwest Natural's NW natural — NWN gas utility income from operations has grown at a 9.8% compound annual growth rate (CAGR), from $165.23M to $239.78M.
What does NW natural — NWN gas utility income from operations mean?
This metric represents the operating profit generated by the gas utility segment after deducting operating expenses and depreciation from total revenues. It serves as a key indicator of the segment's core operational efficiency and profitability before interest and taxes. Investors monitor this to evaluate the underlying health and performance of the regulated utility business.

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