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Northwest Natural NWN Unbilled Revenue

Unbilled Revenue at other companies

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$121M+1.3%
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$131.22M+13.1%
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$52.96M+7.9%
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Other financials

Income statement

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Revenue$490.4M-0.8%
Operating income$162.9M+5.5%
Net income$97.5M+10.9%
EPS (diluted)$2.33+6.9%

Balance sheet

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Cash & equivalents$40.4M-62.3%
Total debt$2.5B+7.1%
Total equity$1.6B+8.3%
Total assets$6.4B+12.5%

Cash flow

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Operating cash flow$116.1M-35.3%
CapEx$113.7M+11.2%
Free cash flow$2.5M-96.8%

Valuation

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Market cap$2.1B+28.7%
Enterprise value$4.58B+18.3%
P/E17.1×+1.2×
P/S1.6×+0.3×

Profitability

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Operating margin22.5%+3.1pp
Net margin9.6%+1.1pp
FCF margin-21.2%+33.8pp

Returns & leverage

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Return on equity8.1%+0.7pp
Debt / equity1.6×0.0×
Current ratio0.8×-0.3×

Where this comes from

Reported directly by Northwest Natural in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

The official record: Northwest Natural’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northwest Natural's unbilled revenue?
Northwest Natural (NWN) reported unbilled revenue of $61.24M in Q1 2026.
How has Northwest Natural's unbilled revenue changed year-over-year?
Northwest Natural's unbilled revenue increased by 2.2% year-over-year, from $59.94M to $61.24M.
What is the long-term trend for Northwest Natural's unbilled revenue?
Over 5 years (2020 to 2025), Northwest Natural's unbilled revenue has grown at a 10.9% compound annual growth rate (CAGR), from $57.95M to $97.24M.
What does unbilled revenue mean?
This represents the value of natural gas services provided to customers that have been earned but not yet invoiced as of the balance sheet date. It reflects the timing difference between service delivery and the billing cycle, serving as a key indicator of short-term cash flow expectations. Monitoring this balance helps investors assess the efficiency of the revenue recognition process and potential working capital fluctuations.