Northwest Natural Gas (NWN) Misses Q4 EPS by 4c
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NW Natural Reports Results for the Three and Twelve Months Ended Dec. 31, 2016
February 27, 2017 6:00 AM ESTReported consolidated earnings of $2.12 per share on net income of $58.9 million for 2016, compared to $1.96 per share and $53.7 million for 2015.Affecting both annual periods was the environmental cost recovery docket and the implementation of the environmental cost recovery mechanism. As a result of decisions in this docket, we recorded a $2.0 million after-tax or $0.07 per share disallowance in 2016, and in 2015 we recorded a $9.1 million after-tax or $0.33 per share disallowance(1). Excluding these disallowances(2), net income was $2.19 per share for 2016 and $2.29 per share for 2015 from lower other income and higher O&M expense.Increased utility margin by $5.2 million for 2016 with the... More
