Northwest Natural Gas (NWN) Tops Q2 EPS by 1c

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Go back to Northwest Natural Gas (NWN) Tops Q2 EPS by 1c

NW Natural Reports Results for the Three and Six Months Ended June 30, 2016

August 2, 2016 6:01 AM EDT

Consolidated earnings were stable with $0.07 per share on net income of $2.0 million for the second quarter of 2016, compared to $0.08 per share and $2.2 million for 2015.We connected over 10,500 utility customers during the last twelve months equating to a customer growth rate of 1.5% at June 30, 2016.The Company refunded nearly $30 million to customers related to lower than projected wholesale natural gas prices and asset management activities.We obtained the environmental siting permit in April 2016 for our North Mist gas storage expansion project, keeping the project on schedule to meet a winter of 2018-19 in service date.... More