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Northwest Natural NWN Regulatory assets

Regulatory assets at other companies

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AvistaAVA
$184M+75.2%
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Portland General ElectricPOR
$243M+48.2%
NorthWestern Energy Group, Inc. logo
NorthWestern Energy Group, Inc.NWE
$103.24M+96.4%
New Jersey Resources logo
New Jersey ResourcesNJR
$31.95M-8.3%
OGS
ONE GASOGS
$61.49M+68.3%
Essential Utilities logo
Essential UtilitiesWTRG
$19.75M+13.2%

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:RegulatoryAssetsCurrent.

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 regulatory assets?
Northwest Natural (NWN) reported regulatory assets of $146.55M in Q1 2026.
How has Northwest Natural's regulatory assets changed year-over-year?
Northwest Natural's regulatory assets increased by 65.4% year-over-year, from $88.62M to $146.55M.
What is the long-term trend for Northwest Natural's regulatory assets?
Over 5 years (2020 to 2025), Northwest Natural's regulatory assets has grown at a 35.3% compound annual growth rate (CAGR), from $31.75M to $143.75M.
What does regulatory assets mean?
These are costs incurred by the utility that are deferred and expected to be recovered from customers through future rate adjustments as authorized by regulatory commissions. This asset category represents a unique aspect of utility accounting where expenditures are capitalized rather than expensed immediately. It is essential for evaluating the company's long-term capital recovery prospects and regulatory relationship.