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Northwest Natural NWN SiEnergy — Operations and maintenance

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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:UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses.

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, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total operating revenues13,54611,50245,24134,168
Less: Cost of gas3,3822,97715,66111,280
Revenue taxes3773641,3381,143
SiEnergy margin9,7878,16128,24221,745
Operations and maintenance2,8181,9125,6323,594
General taxes304264314483
Depreciation1,7682,3963,5654,466
SiEnergy income from operations$4,897$3,589$18,731$13,202

Item 1. Unaudited Financial Statements:

FAQ

What is Northwest Natural's sienergy — operations and maintenance?
Northwest Natural (NWN) reported sienergy — operations and maintenance of $2.82M in Q2 2026.
What does sienergy — operations and maintenance mean?
This metric represents the recurring costs incurred to operate and maintain the natural gas distribution infrastructure within the SiEnergy segment. It includes expenses related to labor, system repairs, safety inspections, and general administrative support necessary to ensure reliable service delivery. Monitoring this figure helps investors assess the operational efficiency and cost management discipline of the utility segment.

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