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Utility taxes at other companies

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AvistaAVA
$35M-2.8%
MGE Energy logo
MGE EnergyMGEE
$6.38M+7.5%
Spire logo
SpireSR
$52.1M+22.6%
OGS
ONE GASOGS
$22.81M-3.5%
NWN
Northwest NaturalNWN
$12.05M-0.2%
Unitil logo
UnitilUTL
$9.1M+15.2%

Segments

By segment

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SiEnergy$377K+3.6%

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:UtilitiesOperatingExpenseTaxes.

The source filing: Northwest Natural’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 1:33 PM EST
Fiscal year
FY2025
Accession
0001733998-26-000012

Revenue-based taxes are primarily franchise taxes, which are collected from customers and remitted to taxing authorities. Revenue taxes are included in operating expenses in the statements of comprehensive income for NW Holdings and NW Natural. Revenue taxes at NW Holdings were $48.2 million, $48.3 million, and $48.7 million for 2025, 2024, and 2023, respectively, and are primarily from NW Natural.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Northwest Natural's utility taxes?
Northwest Natural (NWN) reported utility taxes of $12.05M in Q4 2025.
How has Northwest Natural's utility taxes changed year-over-year?
Northwest Natural's utility taxes decreased by 0.2% year-over-year, from $12.08M to $12.05M.
What is the long-term trend for Northwest Natural's utility taxes?
Over 4 years (2021 to 2025), Northwest Natural's utility taxes has grown at a 8.6% compound annual growth rate (CAGR), from $34.7M to $48.2M.
What does utility taxes mean?
Total taxes incurred by the utility, excluding income taxes, such as property taxes, payroll taxes, and gross receipts taxes. These expenses are typically considered a cost of doing business and are often recoverable through regulatory rate mechanisms. Tracking this helps evaluate the impact of local and state tax burdens on utility operating margins.

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