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-7.2% | —— | —— | —— | $438.94M— | |
| NWN Water | $14.97M+7.6% | —— | —— | —— | $13.91M— | |
| Other | $9.84M+10.6% | —— | —— | —— | $8.9M— | |
| SiEnergy | $28.38M+27.1% | —— | —— | —— | $22.33M— | |
| Operating revenues by Business | ||||||
| NW Natural | $433.9M-3.3% | $348.27M-2.3% | $127.23M+5.0% | $200.81M+0.3% | $448.81M+6.2% | |
| NWN Gas Utility | $433.9M-3.3% | $341.35M-2.2% | $120.07M+5.3% | $194.29M-0.3% | $448.81M+7.4% | |
| NWN Water | $14.97M+7.6% | $16.82M+16.6% | $18.63M+21.0% | $16.29M+41.4% | $13.91M+30.1% | |
| Other | $9.84M+10.6% | —— | —— | —— | $8.9M— | |
| SiEnergy | $31.7M+39.8% | $20M— | $11.82M— | $11.5M— | $22.67M— | |
| NW Natural income from operations by Business | ||||||
| NWN Gas Utility | $143.69M-0.9% | $91.53M+13.6% | -$28.88M-6.6% | $17.67M+49.9% | $145.03M+34.3% | |
| NWN Water | $2.4M-21.2% | $5.03M+29.5% | $6.54M+72.2% | $4.3M+139% | $3.04M+570% | |
| Other | $2.95M+188% | —— | —— | —— | -$3.33M— | |
| SiEnergy | $13.83M+43.9% | $8.95M— | $4.41M— | $3.59M— | $9.61M— | |
| Income tax expense (benefit) by Business | ||||||
| NW Natural | $32.16M-9.8% | $21.09M+11.1% | -$11.07M-9.9% | $1.64M+3,623% | $35.66M+38.9% | |
| NWN Water | $554K-12.2% | $93K-89.9% | $1.73M+69.3% | $1.05M+178% | $631K+344% | |
| Other | -$2.71M+27.1% | —— | —— | —— | -$3.71M— | |
| SiEnergy | $2.54M+30.5% | $1.01M— | $560K— | $360K— | $1.94M— | |
| Net Interest Expense by Business | ||||||
| NW Natural | $17.68M+13.5% | $16.47M-1.8% | $14.72M-2.4% | $15.13M-1.4% | $15.58M-3.1% | |
| NWN Water | $688K-13.1% | $713K-13.3% | $799K+5.4% | $744K-1.5% | $792K-46.5% | |
| Other | $12.44M+15.6% | —— | —— | —— | $10.77M— | |
| SiEnergy | $2.54M+12.7% | $2.58M— | $2.45M— | $2.32M— | $2.26M— | |
| Gross Profit by Business | ||||||
| NWN Gas Utility | $270.39M+2.2% | —— | $81.39M+18.1% | $127.22M+15.3% | $264.56M+21.3% | |
| SiEnergy | $18.46M+35.9% | $13.89M— | $8.58M— | $8.16M— | $13.58M— | |
| Distribution revenues by Business | ||||||
| NWN Gas Utility | $421.23M-3.4% | —— | $114.9M+5.3% | $189.12M-0.5% | $435.91M+5.6% | |
| SiEnergy | $31.7M+39.8% | $20M— | $11.82M— | $11.5M— | $22.67M— | |
| Depreciation by Business | ||||||
| NW Natural | $39.44M+9.5% | $38.89M+11.9% | $37.63M+17.2% | $36.56M+15.5% | $36.04M+15.8% | |
| NWN Gas Utility | $39.44M+9.5% | $38.59M+12.0% | $37.32M+17.3% | $36.25M+15.4% | $36.04M+16.9% | |
| NWN Water | $2.89M+20.8% | $2.28M+31.0% | $1.26M-48.6% | $2.58M+22.4% | $2.39M+20.2% | |
| Other | $0— | —— | —— | —— | $0— | |
| SiEnergy | $1.8M-13.2% | $1.79M— | $1.62M— | $2.4M— | $2.07M— | |
| Utilities Operating Expense, Taxes by Business | ||||||
| NWN Gas Utility | $17.04M-8.2% | —— | $5.24M+1.0% | $7.83M-14.9% | $18.57M+2.0% | |
| SiEnergy | $961K+23.4% | $443K— | $290K— | $364K— | $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-7.1% | —— | —— | —— | $746K— | |
| NWN Water | $1.07M-11.4% | $858K-6.1% | $1.67M-3.3% | $1.36M+42.2% | $1.21M-17.0% | |
| General taxes by Business | ||||||
| NWN Gas Utility | $16.04M+7.1% | $11.2M+10.7% | $11.01M+9.2% | $11.05M-0.7% | $14.98M+0.5% | |
| SiEnergy | $10K-95.4% | $322K— | $338K— | $264K— | $219K— | |
| CapEx by Business | ||||||
| NW Natural | $79.62M-4.8% | $92.37M+3.5% | $85.58M-0.1% | $93.51M-12.6% | $83.61M+16.1% | |
| NWN Water | $9.1M+13.0% | $15M+43.1% | $9.93M+2.0% | $10.94M+13.0% | $8.05M-20.2% | |
| SiEnergy | $24.94M+137% | $26.83M— | $14.38M— | $15.92M— | $10.53M— | |
| Operations and maintenance by Business | ||||||
| NWN Gas Utility | $70.53M+4.1% | $73.4M-6.8% | $61.95M+14.5% | $62.26M+11.2% | $67.77M+5.2% | |
| NWN Water | $8.61M+18.5% | —— | —— | —— | $7.27M— | |
| SiEnergy | $2.81M+67.3% | —— | —— | —— | $1.68M— | |
| Cost of gas by Business | ||||||
| NWN Gas Utility | $140.14M-12.1% | —— | $32.19M-16.9% | $56.94M-22.0% | $159.44M-9.3% | |
| SiEnergy | $12.28M+47.9% | $5.66M— | $2.95M— | $2.98M— | $8.3M— | |
| Revenue from contract with customer, including assessed tax by Product | ||||||
| Asset management revenue, net | $1.75M-0.1% | $1.08M+7.0% | $2.44M+46.9% | $1.55M+16.3% | $1.75M+191% | |
| Gas appliance retail revenue | $1.31M-4.6% | —— | —— | —— | $1.37M— | |
| Gas storage revenue, net | $4.37M-5.4% | $4.18M-7.7% | $3.89M-13.8% | $4.08M+33.1% | $4.62M+53.6% | |
| Natural gas sales | $428.87M-5.5% | $328.64M-1.7% | $121.16M+13.6% | $179.13M-2.6% | $453.75M+10.4% | |
| Other revenue | $876K-8.0% | $965K+24.2% | $972K+24.6% | $961K+23.2% | $952K+23.0% | |
| Renewable natural gas sales | $8.47M+9.6% | $8.06M+8,039% | $6.48M+1,871% | $6.89M— | $7.73M— | |
| Water and wastewater revenue | $14.97M+7.6% | $16.82M+16.6% | $18.63M+21.0% | $16.29M+41.4% | $13.91M+30.1% | |
| 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%+1.0pp | 86%+1.0pp | 86%+1.0pp | |
| WASHINGTON | 33%+1.0pp | 33%-22.0pp | 32%-23.0pp | 32%-23.0pp | 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.