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Northwest Natural NWN SiEnergy — CapEx

Other segment segments

NWN Water Utility
$13.33M+21.9%
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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:SegmentExpenditureAdditionToLongLivedAssets.

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
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
Operating revenues$200,807$11,502$16,294$7,591$236,194
Depreciation36,5642,3962,57541,535
Income (loss) from operations(1)22,3883,5894,296(3,062)27,211

Item 1. Unaudited Financial Statements:

FAQ

What is Northwest Natural's sienergy — capex?
Northwest Natural (NWN) reported sienergy — capex of $20.94M in Q2 2026.
How has Northwest Natural's sienergy — capex changed year-over-year?
Northwest Natural's sienergy — capex increased by 31.5% year-over-year, from $15.92M to $20.94M.
What does sienergy — capex mean?
This metric tracks the cash outflows used by the SiEnergy segment to acquire, upgrade, or maintain physical assets like gas distribution networks. It is a critical indicator of the segment's long-term investment strategy and commitment to infrastructure reliability.

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