Utilities · Regulated Gas
Price
$50.83
Market Cap
$2.1B
Employees
1,452
Beta
0.43
Avg Volume
255,229
CEO
Justin Palfreyman
Business Description
Northwest Natural Holding Company (NWN) operates primarily through its subsidiary, Northwest Natural Gas Company, delivering regulated natural gas to a diverse clientele including residential, commercial, industrial, and transportation customers across Oregon and Southwest Washington. Beyond its core distribution business, the company manages the Mist gas storage facility, which holds 5.7 billion cubic feet and is leased to other utilities and third-party energy marketers. It also provides natural gas asset management solutions and maintains an appliance retail outlet. NWN's strategic investments extend to broader gas storage activities, water services, non-regulated renewable natural gas ventures, and other diversified interests. The company currently supplies natural gas to approximately 786,000 meters within its service territories in Oregon and southwest Washington. Additionally, its water operations cater to about 80,000 individuals through roughly 33,000 water and wastewater connections located in the Pacific Northwest and Texas. Founded in 1859, Northwest Natural Holding Company is headquartered in Portland, Oregon.
Business History
Price Overview
Last updated: Jun 27, 2026 9:03am (just now)$50.83
+0.33 (+0.65%)
Day Range
$50.67 – $51.50
52-Week Range
$39.29 – $55.99
50-Day MA
$50.57
200-Day MA
$48.64
Volume
226,902.00
Analyst Price Targets
Low
$50.00
Consensus
$55.25
High
$58.00
(11 analysts)
Share Structure
Outstanding
42,080,352.00
Float
41,818,612.00
Free Float
99.4%
High free float
— 99.4% of shares trade freely, ~0.6% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
16.90
Stock Price: $50.83
EPS (Diluted): 2.77
EPS (Diluted): 2.77
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.29
Stock Price: $50.83
Total Equity: $1.48B
Shares: 40,953,000
Total Equity: $1.48B
Shares: 40,953,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.89
Market Cap: $2.14B
Total Debt: $2.68B
Cash: $41.08M
EBITDA: $470.56M
Total Debt: $2.68B
Cash: $41.08M
EBITDA: $470.56M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$4.6B
Market Cap: $2.14B
Total Debt: $2.68B
Cash: $41.08M
Total Debt: $2.68B
Cash: $41.08M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
39.6%
Gross Profit: $510.06M
Revenue: $1.29B
Revenue: $1.29B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
31.4%
Operating Income: $404.66M
Revenue: $1.29B
Revenue: $1.29B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
8.8%
Net Income: $113.32M
Revenue: $1.29B
Revenue: $1.29B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
8.3%
Net Income: $113.32M
Total Equity: $1.48B
Total Equity: $1.48B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
5.1%
Operating Income: $404.66M
Tax Rate: 26.7%
Equity: $1.48B
Total Debt: $2.68B
Cash: $41.08M
Tax Rate: 26.7%
Equity: $1.48B
Total Debt: $2.68B
Cash: $41.08M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.72
Current Assets: $602.93M
Current Liabilities: $836.45M
Current Liabilities: $836.45M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.82
Short-Term Debt: $335.84M
Long-Term Debt: $2.35B
Total Debt: $2.68B
Total Equity: $1.48B
Long-Term Debt: $2.35B
Total Debt: $2.68B
Total Equity: $1.48B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$31.48
Revenue: $1.29B
Shares: 40,953,000
Shares: 40,953,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$36.02
Total Equity: $1.48B
Shares: 40,953,000
Shares: 40,953,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-4.83
Operating CF: $269.12M
CapEx: -$466.89M
Shares: 40,953,000
CapEx: -$466.89M
Shares: 40,953,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
4.0%
Last Dividend: N/A
Stock Price: $50.83
Stock Price: $50.83
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $113.32M
Net Income: $113.32M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NWN against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $860.4M | $1.0B | $1.2B | $1.2B | $1.3B |
| Cost of Revenue | $531.3M | $696.1M | $773.6M | $755.4M | $779.3M |
| Gross Profit | $329.1M | $341.2M | $423.9M | $397.6M | $510.1M |
| Operating Expenses | $166.0M | $173.7M | $238.9M | $206.5M | $105.4M |
| Operating Income | $163.1M | $167.5M | $184.9M | $191.1M | $404.7M |
| Net Income | $78.7M | $86.3M | $93.9M | $78.9M | $113.3M |
| EBITDA | $264.1M | $303.4M | $344.5M | $348.1M | $470.6M |
| EPS | $2.56 | $2.54 | $2.49 | $2.03 | $2.77 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $18.6M | $29.3M | $32.9M | $38.5M | $41.1M |
| Total Current Assets | $437.3M | $744.2M | $601.4M | $557.8M | $602.9M |
| Total Assets | $4.1B | $4.7B | $4.9B | $5.2B | $6.2B |
| Current Liabilities | $724.8M | $898.7M | $696.9M | $649.0M | $836.4M |
| Long-Term Debt | $1.0B | $1.2B | $1.4B | $1.7B | $2.3B |
| Total Liabilities | $3.1B | $3.6B | $3.6B | $3.8B | $4.8B |
| Total Equity | $935.1M | $1.2B | $1.3B | $1.4B | $1.5B |
| Retained Earnings | $355.8M | $376.5M | $399.9M | $402.9M | $435.8M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $160.4M | $147.7M | $279.9M | $200.3M | $269.1M |
| Capital Expenditure | -$293.9M | -$338.6M | -$327.3M | -$394.4M | -$466.9M |
| Free Cash Flow | -$133.5M | -$190.9M | -$47.4M | -$194.1M | -$197.8M |
| Acquisitions (net) | -$8.7M | -$95.3M | -$7.5M | -$30.8M | -$338.1M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$8.3M | $13.8M | $8.7M | -$1.6M | -$6.9M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 9:03am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$1.5B $1.4B – $1.5B
|
$1.5B $1.5B – $1.5B
|
$1.6B $1.6B – $1.6B
|
$1.7B $1.7B – $1.7B
|
| EBITDA |
$623.3M $611.1M – $634.8M
|
$646.0M $646.0M – $646.0M
|
$678.2M $664.9M – $690.7M
|
$711.3M $697.4M – $724.4M
|
| Net Income |
$132.3M $131.9M – $132.7M
|
$139.0M $130.5M – $147.4M
|
$150.0M $146.2M – $153.6M
|
$159.2M $155.2M – $163.0M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +20.6% | +15.4% | -3.7% | +11.8% |
| Gross Profit Growth | +3.7% | +24.2% | -6.2% | +28.3% |
| Operating Income Growth | +2.7% | +10.4% | +3.4% | +111.7% |
| Net Income Growth | +9.7% | +8.8% | -16.0% | +43.7% |
| EBITDA Growth | +14.9% | +13.6% | +1.0% | +35.2% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-28 | Kravitz Zachary D | 0.00 | $0.00 | $0 | |
| 2026-05-28 | Williams Kathryn M | 0.00 | $0.00 | $0 | |
| 2026-05-28 | Karney Joseph S | 0.00 | $0.00 | $0 | |
| 2026-05-28 | Weber David A. | 0.00 | $0.00 | $0 | |
| 2026-05-28 | Fellon Brian | 0.00 | $0.00 | $0 | |
| 2026-05-12 | Bragdon Peter J | P-Purchase | 400.00 | $50.32 | $20,128 |
| 2026-05-07 | Lee Karen | I-Discretionary | 1,014.42 | $50.19 | $50,914 |
| 2026-05-07 | Ludford Mary E | I-Discretionary | 512.85 | $50.19 | $25,740 |
| 2026-05-07 | McDonough Sandra | I-Discretionary | 250.48 | $50.19 | $12,571 |
| 2026-05-07 | Bragdon Peter J | I-Discretionary | 1,151.68 | $50.19 | $57,803 |
| 2026-05-07 | Palfreyman Justin | P-Purchase | 1,225.00 | $48.75 | $59,719 |
| 2026-03-23 | Weber David A. | S-Sale | 1,700.00 | $52.57 | $89,371 |
| 2026-03-05 | Williams Kathryn M | F-InKind | 533.00 | $52.53 | $27,998 |
| 2026-03-05 | Williams Kathryn M | F-InKind | 849.00 | $52.53 | $44,598 |
| 2026-03-05 | Kravitz Zachary D | F-InKind | 207.00 | $52.53 | $10,874 |
| 2026-03-05 | Kravitz Zachary D | F-InKind | 937.00 | $52.53 | $49,221 |
| 2026-03-05 | Kravitz Zachary D | S-Sale | 0.53 | $52.53 | $28 |
| 2026-03-05 | Kravitz Zachary D | S-Sale | 0.53 | $52.53 | $28 |
| 2026-03-05 | Kaszuba Raymond J III | F-InKind | 802.00 | $52.53 | $42,129 |
| 2026-03-05 | Rogers Melinda B. | F-InKind | 531.00 | $52.53 | $27,893 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:02pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-30 | $0.49 | 2026-04-09 | 2026-04-30 | 2026-05-15 |
| 2026-01-30 | $0.49 | 2026-01-15 | 2026-01-30 | 2026-02-13 |
| 2025-10-31 | $0.49 | 2025-10-09 | 2025-10-31 | 2025-11-14 |
| 2025-07-31 | $0.49 | 2025-07-10 | 2025-07-31 | 2025-08-15 |
| 2025-04-30 | $0.49 | 2025-04-10 | 2025-04-30 | 2025-05-15 |
| 2025-01-31 | $0.49 | 2025-01-14 | 2025-01-31 | 2025-02-14 |
| 2024-10-31 | $0.49 | 2024-10-10 | 2024-10-31 | 2024-11-15 |
| 2024-07-31 | $0.49 | 2024-07-11 | 2024-07-31 | 2024-08-15 |
| 2024-04-29 | $0.49 | 2024-04-11 | 2024-04-30 | 2024-05-15 |
| 2024-01-30 | $0.49 | 2024-01-11 | 2024-01-31 | 2024-02-15 |
| 2023-10-30 | $0.49 | 2023-10-12 | 2023-10-31 | 2023-11-15 |
| 2023-07-28 | $0.49 | 2023-07-13 | 2023-07-31 | 2023-08-15 |
| 2023-04-27 | $0.49 | 2023-04-13 | 2023-04-28 | 2023-05-15 |
| 2023-01-30 | $0.49 | 2023-01-12 | 2023-01-31 | 2023-02-15 |
| 2022-10-28 | $0.49 | 2022-10-13 | 2022-10-31 | 2022-11-15 |
| 2022-07-28 | $0.48 | 2022-07-14 | 2022-07-29 | 2022-08-15 |
| 2022-04-28 | $0.48 | 2022-04-13 | 2022-04-29 | 2022-05-13 |
| 2022-01-28 | $0.48 | 2022-01-13 | 2022-01-31 | 2022-02-15 |
| 2021-10-28 | $0.48 | 2021-10-14 | 2021-10-29 | 2021-11-15 |
| 2021-07-29 | $0.48 | 2021-07-08 | 2021-07-30 | 2021-08-13 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NWN — it's generated by the pipeline (
market-narrative step).
No community reviews yet for NWN.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30