Northwest Natural Gas (NWN) Reports In-Line Q1 EPS; Reaffirms FY17 Outlook

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Go back to Northwest Natural Gas (NWN) Reports In-Line Q1 EPS; Reaffirms FY17 Outlook

NW Natural Reports First Quarter 2017 Results

May 8, 2017 6:00 AM EDT

Increased consolidated net income by $3.7 million to $40.3 million for the first quarter of 2017.Increased utility margin by $3.3 million, after-tax, and added 12,000 utility customers during the past 12 months.Continued construction on the North Mist Gas Storage Expansion Project, which is on track and on budget.Reaffirmed earnings guidance for 2017, which is expected to range from $2.05 to $2.25 per share.

PORTLAND, Ore., May 08, 2017 (GLOBE NEWSWIRE) -- Northwest Natural Gas Company, dba NW Natural (NYSE: NWN), reported earnings per share (EPS) of $1.40 on net income of $40.3 million for the first... More