Market Overview

Northwest Natural: Q2 Earnings Insights

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Shares of Northwest Natural Hldg (NYSE:NWN) moved higher by 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 342.86% over the past year to ($0.17), which missed the estimate of ($0.03).

Revenue of $134,971,000 higher by 9.34% from the same period last year, which beat the estimate of $132,710,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $2.25 and $2.45.

Conference Call Details

Date: Aug 07, 2020

Time: 11:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/nwn/mediaframe/39245/indexr.html

Technicals

Company's 52-week high was at $77.26

Company's 52-week low was at $50.36

Price action over last quarter: down 15.31%

Company Profile

Northwest Natural Holding Co is a public natural gas service supplier operating in the U.S. Pacific Northwest. Its subsidiary, NW Natural, operates through the natural gas distribution segment, which purchases and distributes natural gas through approximately 750,000 meters in Oregon and southwest Washington. The company generates its revenue from residential, commercial, and industrial customers, the majority of which are in Oregon. Residential and commercial customers account for the vast majority of profitability.

 

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Posted-In: Earnings News