Northwest Natural NWN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from contract with customer, including assessed tax by Business | ||||||
| NW Natural | $407.42M— | —— | —— | —— | $438.94M— | |
| NWN Water | $14.97M— | —— | —— | —— | $13.91M— | |
| Other | $9.84M— | —— | —— | —— | $8.9M— | |
| SiEnergy | $28.38M— | —— | —— | —— | $22.33M— | |
| Operating revenues by Business | ||||||
| NW Natural | $433.9M+24.6% | $348.27M+174% | $127.23M-36.6% | $200.81M-55.3% | $448.81M+26.0% | |
| NWN Gas Utility | $433.9M+27.1% | $341.35M+184% | $120.07M-38.2% | $194.29M-56.7% | $448.81M+28.6% | |
| NWN Water | $14.97M-11.0% | $16.82M-9.7% | $18.63M+14.3% | $16.29M+17.1% | $13.91M-3.6% | |
| Other | $9.84M— | —— | —— | —— | $8.9M— | |
| SiEnergy | $31.7M+58.5% | $20M+69.1% | $11.82M+2.8% | $11.5M-49.3% | $22.67M— | |
| NW Natural income from operations by Business | ||||||
| NWN Gas Utility | $143.69M+57.0% | $91.53M+417% | -$28.88M-263% | $17.67M-87.8% | $145.03M+80.1% | |
| NWN Water | $2.4M-52.3% | $5.03M-23.0% | $6.54M+52.1% | $4.3M+41.2% | $3.04M-21.7% | |
| Other | $2.95M— | —— | —— | —— | -$3.33M— | |
| SiEnergy | $13.83M+54.6% | $8.95M+103% | $4.41M+22.8% | $3.59M-62.7% | $9.61M— | |
| Income tax expense (benefit) by Business | ||||||
| NW Natural | $32.16M+52.4% | $21.09M+290% | -$11.07M-776% | $1.64M-95.4% | $35.66M+87.9% | |
| NWN Water | $554K+496% | $93K-94.6% | $1.73M+64.7% | $1.05M+66.9% | $631K-31.8% | |
| Other | -$2.71M— | —— | —— | —— | -$3.71M— | |
| SiEnergy | $2.54M+152% | $1.01M+79.6% | $560K+55.6% | $360K-81.5% | $1.94M— | |
| Net Interest Expense by Business | ||||||
| NW Natural | $17.68M+7.3% | $16.47M+11.9% | $14.72M-2.7% | $15.13M-2.9% | $15.58M-7.2% | |
| NWN Water | $688K-3.5% | $713K-10.8% | $799K+7.4% | $744K-6.1% | $792K-3.6% | |
| Other | $12.44M— | —— | —— | —— | $10.77M— | |
| SiEnergy | $2.54M-1.3% | $2.58M+5.1% | $2.45M+5.7% | $2.32M+2.8% | $2.26M— | |
| Gross Profit by Business | ||||||
| NWN Gas Utility | $270.39M— | —— | $81.39M-36.0% | $127.22M-51.9% | $264.56M— | |
| SiEnergy | $18.46M+32.9% | $13.89M+61.9% | $8.58M+5.1% | $8.16M-39.9% | $13.58M— | |
| Distribution revenues by Business | ||||||
| NWN Gas Utility | $421.23M— | —— | $114.9M-39.2% | $189.12M-56.6% | $435.91M— | |
| SiEnergy | $31.7M+58.5% | $20M+69.1% | $11.82M+2.8% | $11.5M-49.3% | $22.67M— | |
| Depreciation by Business | ||||||
| NW Natural | $39.44M+1.4% | $38.89M+3.4% | $37.63M+2.9% | $36.56M+1.5% | $36.04M+3.7% | |
| NWN Gas Utility | $39.44M+2.2% | $38.59M+3.4% | $37.32M+2.9% | $36.25M+0.6% | $36.04M+4.6% | |
| NWN Water | $2.89M+26.8% | $2.28M+80.5% | $1.26M-50.9% | $2.58M+7.6% | $2.39M+37.5% | |
| Other | $0— | —— | —— | —— | $0— | |
| SiEnergy | $1.8M+0.6% | $1.79M+10.3% | $1.62M-32.4% | $2.4M+15.7% | $2.07M— | |
| Utilities Operating Expense, Taxes by Business | ||||||
| NWN Gas Utility | $17.04M— | —— | $5.24M-33.1% | $7.83M-57.8% | $18.57M— | |
| SiEnergy | $961K+117% | $443K+52.8% | $290K-20.3% | $364K-53.3% | $779K— | |
| Contract with customer, refund liability by Business | ||||||
| NWN Gas Utility | $0— | —— | $0— | $0— | $0— | |
| Other | $0— | $0— | $0— | $0— | $0— | |
| SiEnergy | $0— | —— | $0— | —— | —— | |
| Other operating expenses by Business | ||||||
| NWN Gas Utility | $693K— | —— | —— | —— | $746K— | |
| NWN Water | $1.07M+24.7% | $858K-48.5% | $1.67M+23.0% | $1.36M+12.3% | $1.21M+32.1% | |
| General taxes by Business | ||||||
| NWN Gas Utility | $16.04M+43.2% | $11.2M+1.8% | $11.01M-0.4% | $11.05M-26.3% | $14.98M+48.0% | |
| SiEnergy | $10K-96.9% | $322K-4.7% | $338K+28.0% | $264K+20.5% | $219K— | |
| CapEx by Business | ||||||
| NW Natural | $79.62M-13.8% | $92.37M+7.9% | $85.58M-8.5% | $93.51M+11.8% | $83.61M-6.3% | |
| NWN Water | $9.1M-39.3% | $15M+51.0% | $9.93M-9.2% | $10.94M+35.9% | $8.05M-23.2% | |
| SiEnergy | $24.94M-7.0% | $26.83M+86.6% | $14.38M-9.7% | $15.92M+51.3% | $10.53M— | |
| Operations and maintenance by Business | ||||||
| NWN Gas Utility | $70.53M-3.9% | $73.4M+18.5% | $61.95M-0.5% | $62.26M-8.1% | $67.77M-14.0% | |
| NWN Water | $8.61M— | —— | —— | —— | $7.27M— | |
| SiEnergy | $2.81M— | —— | —— | —— | $1.68M— | |
| Cost of gas by Business | ||||||
| NWN Gas Utility | $140.14M— | —— | $32.19M-43.5% | $56.94M-64.3% | $159.44M— | |
| SiEnergy | $12.28M+117% | $5.66M+91.9% | $2.95M-0.9% | $2.98M-64.1% | $8.3M— | |
| Revenue from contract with customer, including assessed tax by Product | ||||||
| Asset management revenue, net | $1.75M+61.9% | $1.08M-55.8% | $2.44M+58.1% | $1.55M-11.7% | $1.75M+73.5% | |
| Gas appliance retail revenue | $1.31M— | —— | —— | —— | $1.37M— | |
| Gas storage revenue, net | $4.37M+4.4% | $4.18M+7.4% | $3.89M-4.6% | $4.08M-11.6% | $4.62M+1.9% | |
| Natural gas sales | $428.87M+30.5% | $328.64M+171% | $121.16M-32.4% | $179.13M-60.5% | $453.75M+35.7% | |
| Other revenue | $876K-9.2% | $965K-0.7% | $972K+1.1% | $961K+0.9% | $952K+22.5% | |
| Renewable natural gas sales | $8.47M+5.1% | $8.06M+24.3% | $6.48M-5.9% | $6.89M-10.8% | $7.73M+7,704% | |
| Water and wastewater revenue | $14.97M-11.0% | $16.82M-9.7% | $18.63M+14.3% | $16.29M+17.1% | $13.91M-3.6% | |
| Remediation recovery percentage by Geography | ||||||
| Oregon | 96.7%0.0pp | 96.7%0.0pp | 96.7%0.0pp | 96.7%0.0pp | 96.7%0.0pp | |
| WASHINGTON | 3.3%0.0pp | 3.3%0.0pp | 3.3%0.0pp | 3.3%0.0pp | 3.3%0.0pp | |
| Target hedge achieved by Geography | ||||||
| Oregon | 84%-2.0pp | 86%0.0pp | 86%0.0pp | 86%0.0pp | 86%0.0pp | |
| WASHINGTON | 33%0.0pp | 33%+1.0pp | 32%0.0pp | 32%0.0pp | 32%-23.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Northwest Natural break its business down?
- Northwest Natural (NWN) reports revenue from contract with customer, including assessed tax by business across 4 parts — NW Natural, NWN Water, Other and SiEnergy. Each is extracted from the segment footnotes and tracked over time.
- Where does Northwest Natural's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Northwest Natural's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.