Northwest Natural Gas (NWN) Misses Q1 EPS by 11c, Offers Guidance

Northwest Natural Gas (NYSE: NWN) reported Q1 EPS of $1.80, $0.11 worse than the analyst estimate of $1.91. Revenue for the quarter came in at $350.3 million versus the consensus estimate of $323.68 million.

GUIDANCE:

Northwest Natural Gas sees FY2022 EPS of $2.45-$2.65 vs $2.53 consensus.

• NW Natural Holdings reaffirmed 2022 earnings guidance in the range of $2.45 to $2.65 per share. This guidance assumes continued customer growth, average weather conditions, and no significant changes in prevailing regulatory policies, mechanisms, or outcomes, or significant local, state or federal laws, legislation or regulations. NW Natural Holdings reaffirmed its long-term earnings per share growth rate target of 4% to 6% compounded annually from 2022 through 2027.

For earnings history and earnings-related data on Northwest Natural Gas (NWN) click here.

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