NYSE$NWN

Northwest Natural Holding Company · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported net income and initiated 2021 earnings guidance.

NW Natural Holdings reported a strong fourth quarter and full year 2020, with Q4 net income from continuing operations at $1.50 per share, compared to $1.26 per share for 2019. The company added nearly 11,600 natural gas meters over the last 12 months, representing a 1.5% growth rate, and initiated 2021 earnings guidance in the range of $2.40 to $2.60 per share.

  • Reported net income from continuing operations of $1.50 per share for the fourth quarter of 2020, compared to $1.26 per share for 2019
  • Added nearly 11,600 natural gas meters over the last 12 months equating to a 1.5% growth rate
  • Invested $273 million in utility systems to support growth and greater reliability and resiliency
  • Initiated 2021 earnings guidance in the range of $2.40 to $2.60 per share

Headline financials

Total Revenue

$260M

Previous: $247M+5.3%
EPS (adj)

$1.50

Previous: $1.26+19.0%
Capital Expenditures

$273M

Previous: $70.5M+287.4%
Free Cash Flow

-$279M

Previous: -$40.5M-588.2%
Net Income

$45.8M

Previous: $38.3M+19.4%
Operating Income

$74.6M

Previous: $61M+22.3%
Gross Profit

$115M

Previous: $98.8M+16.0%
Cash & Equivalents

$30.2M

Previous: $9.65M+212.7%
Total Assets

$3.76B

Previous: $3.43B+9.6%

Revenue & EPS history

NW Natural · Revenue · Quarterly

$260M

Q4 2020+5.3%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

NW Natural Holdings is initiating 2021 earnings guidance in the range of $2.40 to $2.60 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 2020

Historical avgQ4 2020

-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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