Northwest Natural Gas (NWN) Tops Q1 EPS by 15c
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NW Natural Reports Results for the Quarter Ended March 31, 2016
May 3, 2016 6:00 AM EDTPORTLAND, OR -- (Marketwired) -- 05/03/16 -- Northwest Natural Gas Company, dba NW Natural (NYSE: NWN)
Consolidated earnings were $1.33 per share on net income of $36.6 million for the first quarter of 2016, compared to $1.04 per share and $28.5 million for 2015. First quarter results included a regulatory disallowance for past environmental costs of $3.3 million pre-tax, or $0.07 per share after tax, in 2016 and $15.0 million pre-tax, or $0.33 per share after tax, in 2015. Excluding these environmental charges(2), first quarter 2016 net income was $38.6 million or $1.40 per share, compared to $37.6 million or $1.37 per share for 2015. Utility margin increased... More