NYSE$NWN

Northwest Natural Holding Company · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net income of $1.80 per share for the first quarter of 2022.

NW Natural Holdings reported a decrease in net income for the first quarter of 2022, with earnings of $1.80 per share compared to $1.94 per share for the same period in 2021. The company added over 10,800 natural gas meters in the last 12 months and commenced operations at its first renewable natural gas facility.

  • Net income was $1.80 per share for Q1 2022, compared to $1.94 per share in Q1 2021, which included a $2.8 million after-tax benefit from a cold weather event.
  • Added more than 10,800 natural gas meters in the last 12 months, a growth rate of 1.4% as of March 31, 2022.
  • Operations commenced at the first renewable natural gas (RNG) facility under Oregon Senate Bill 98.
  • Reaffirmed 2022 earnings guidance in the range of $2.45 to $2.65 per share and long-term earnings per share growth rate target of 4% to 6%.

Headline financials

Total Revenue

$350M

Previous: $316M+10.9%
EPS (adj)

$1.80

Previous: $1.94-7.2%
Capital Expenditures

-$68.5M

Previous: -$65.8M-4.2%
Free Cash Flow

-$12.3M

Previous: -$6.24M-96.7%
Net Income

$56.2M

Previous: $59.5M-5.5%
Operating Income

$87.6M

Previous: $94.7M-7.5%
Gross Profit

$293M

Previous: $264M+11.0%
Cash & Equivalents

$24.3M

Previous: $17.9M+35.8%
Total Assets

$4.05B

Previous: $3.76B+7.9%

Revenue & EPS history

NW Natural · Revenue · Quarterly

$350M

Q1 2022+10.9%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

NW Natural Holdings reaffirmed 2022 earnings guidance in the range of $2.45 to $2.65 per share.

Tailwinds

  • Continued customer growth
  • Average weather conditions
  • No significant changes in prevailing regulatory policies
  • No significant changes in regulatory mechanisms
  • No significant changes in regulatory outcomes

Headwinds

  • No significant changes in local laws
  • No significant changes in state laws
  • No significant changes in federal laws
  • No significant changes in legislation
  • No significant changes in 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 2022

Historical avgQ1 2022

-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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