NYSE$NWN

Northwest Natural Holding Company · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported increase in natural gas distribution segment net income due to revenues from the North Mist facility and higher rates.

NW Natural Holdings reported an increase in net income from continuing operations for the fourth quarter of 2019. The natural gas distribution segment saw an increase in net income due to revenues from the North Mist facility and higher rates. The company initiated 2020 earnings guidance from continuing operations in the range of $2.25 to $2.45 per share.

  • Net income from continuing operations was $1.26 per share.
  • Natural gas distribution segment net income increased $5.4 million.
  • Margin increased $5.1 million primarily due to the commencement of storage services at our North Mist facility and customer growth.
  • Initiated 2020 earnings guidance in the range of $2.25 to $2.45 per share from continuing operations

Headline financials

Total Revenue

$247M

Previous: $227M+9.1%
EPS (adj)

$1.26

Previous: $1.27-0.8%
Total Meters

762.9K

Previous: 750.4K+1.7%
Capital Expenditures

$70.5M

Previous: $55.8M+26.2%
Free Cash Flow

-$40.5M

Previous: -$45.6M+11.2%
Net Income

$38.3M

Previous: $35.8M+7.0%
Operating Income

$61M

Previous: $62.3M-2.1%
Gross Profit

$98.8M

Previous: $96M+3.0%
Cash & Equivalents

$9.65M

Previous: $12.6M-23.6%
Total Assets

$3.43B

Previous: $3.24B+5.7%

Revenue & EPS history

NW Natural · Revenue · Quarterly

$247M

Q4 2019+9.1%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

NW Natural Holdings initiated 2020 earnings guidance from continuing operations in the range of $2.25 to $2.45 per share. This guidance assumes continued customer growth, average weather conditions, and no significant changes in prevailing regulatory policies, mechanisms, or outcomes, or significant local, state or federal laws, legislation or regulations.

Tailwinds

  • Continued customer growth
  • Average weather conditions
  • No significant changes in prevailing regulatory policies
  • No significant changes in regulatory mechanisms or outcomes
  • No significant changes in 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 Q4 2019

Historical avgQ4 2019

-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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