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

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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+31.4%
Enterprise value$4.68B+21.9%
P/E12.8×+1.5×
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 NWN water utility — NW natural income from operations?
Northwest Natural (NWN) reported NWN water utility — NW natural income from operations of $3.42M in Q2 2026.
How has Northwest Natural's NWN water utility — NW natural income from operations changed year-over-year?
Northwest Natural's NWN water utility — NW natural income from operations decreased by 20.4% year-over-year, from $4.3M to $3.42M.
What is the long-term trend for Northwest Natural's NWN water utility — NW natural income from operations?
Over 2 years (2023 to 2025), Northwest Natural's NWN water utility — NW natural income from operations has grown at a 69.6% compound annual growth rate (CAGR), from $6.57M to $18.91M.
What does NWN water utility — NW natural income from operations mean?
Measures the profitability of the water utility segment after deducting operating expenses, such as maintenance and administrative costs, from operating revenues. It highlights the core operational efficiency and earnings power of the water business independent of financing and tax structures.

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