NYSE$NWN

Northwest Natural Holding Company · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported financial results for Q1 2021, reflecting new rates, customer growth, and asset management benefits, offset by COVID-19 effects.

NW Natural Holdings reported a net income of $59.5 million, or $1.94 per share, for the first quarter of 2021, compared to $48.3 million, or $1.58 per share, for the same period in 2020. The results were driven by new rates in Oregon, customer growth, and asset management benefits, partially offset by the financial effects of COVID-19.

  • Q1 2021 earnings were $1.94 per share, compared to $1.58 per share for the same period in 2020.
  • Added over 11,000 natural gas meters in the last 12 months, representing a growth rate of 1.4%.
  • NW Natural Water acquired companies near existing service territories, providing water and wastewater service to approximately 63,000 people through 26,000 connections.
  • 2021 earnings guidance reaffirmed in the range of $2.40 to $2.60 per share.

Headline financials

Total Revenue

$316M

Previous: $285M+10.8%
EPS (adj)

$1.94

Previous: $1.58+22.8%
Capital Expenditures

-$65.8M

Previous: -$63.8M-3.1%
Free Cash Flow

-$6.24M

Previous: -$16.3M+61.7%
Net Income

$59.5M

Previous: $47.5M+25.3%
Operating Income

$94.7M

Previous: $76.4M+23.9%
Gross Profit

$264M

Previous: $236M+11.7%
Cash & Equivalents

$17.9M

Previous: $471M-96.2%
Total Assets

$3.76B

Previous: $4B-6.1%

Revenue & EPS history

NW Natural · Revenue · Quarterly

$316M

Q1 2021+10.8%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

NW Natural Holdings reaffirmed 2021 earnings guidance in the range of $2.40 to $2.60 per share.

Tailwinds

  • Continued customer growth
  • Average weather conditions
  • No significant changes in prevailing regulatory policies
  • No significant changes in prevailing regulatory mechanisms or outcomes
  • No significant changes in significant local, state or federal laws, legislation or regulations

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.4%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.6%

Avg return

30 days after

36%

23 / 64 earnings

Positive

+10.7%

Q4 2021

Best reaction

-7.9%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.7%-4.4%-5.5%
Q4 2025+5.7%+4.5%+5.1%
Q3 2025-1.3%+0.6%-1.0%
Q1 2025+0.0%-1.7%-8.6%
Q4 2024-0.6%+1.3%+3.6%
Q3 2024-0.4%-0.7%+0.3%
Q2 2024-5.6%-6.1%-0.3%
Q1 2024-0.7%+0.0%-4.5%
Q4 2023-7.9%-6.6%-9.7%
Q3 2023-2.2%-4.8%-3.3%
Q2 2023-1.8%-2.8%-7.5%
Q1 2023+2.0%+0.3%-6.1%
Q4 2022-0.8%-2.3%-3.6%
Q3 2022+1.0%+5.0%+6.4%
Q2 2022-1.4%-1.9%-10.9%
Q1 2022+3.7%+4.8%+16.7%
Q4 2021+10.7%+14.7%+17.2%
Q3 2021-1.0%-1.0%-3.6%
Q2 2021-0.7%-1.8%-5.2%
Q1 2021+1.2%+2.3%-0.5%
Q4 2020-1.1%-2.7%+7.9%
Q3 2020-1.0%+16.5%+10.1%
Q2 2020+1.3%+2.4%-6.8%
Q1 2020+0.3%-6.4%+1.5%
Q4 2019-1.1%+5.2%-14.9%
Q3 2019-2.1%-3.2%+2.7%
Q2 2019-0.3%-0.1%+1.3%
Q1 2019-1.9%+0.4%-1.0%
Q4 2018+2.0%+0.1%+2.2%
Q3 2018+2.3%+3.1%+0.3%
Q2 2018-3.6%-2.2%+2.5%
Q1 2018-3.1%-2.2%-6.9%
Q4 2017-1.8%-4.7%+1.3%
Q3 2017-0.1%+1.4%+3.5%
Q2 2017+0.5%+0.9%+3.6%
Q1 2017-0.5%+0.8%+3.9%
Q4 2016-2.1%-3.3%-3.5%
Q3 2016-1.5%+0.6%-0.5%
Q2 2016+0.3%-0.8%-7.6%
Q1 2016+4.9%
Q4 2015-5.2%
Q3 2015-0.3%
Q2 2015+1.0%
Q1 2015-3.7%
Q4 2014-2.8%
Q3 2014-0.7%
Q2 2014-0.2%
Q1 2014+0.9%
Q4 2013-1.9%
Q3 2013+0.1%
Q2 2013-1.5%
Q1 2013-0.7%
Q4 2012+3.5%
Q3 2012+0.0%
Q2 2012+0.2%
Q1 2012+0.9%
Q4 2011-0.1%
Q3 2011-2.6%
Q2 2011+2.0%
Q1 2011+0.2%
Q4 2010-0.4%
Q3 2010+1.5%
Q2 2010-1.2%
Q1 2010-0.0%

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