Northwest Natural Gas Reports Q4 Earnings, Plans $2.5 Billion Investment

Northwest Natural Gas (NWN) reported its Q4 earnings, showing a profit of $45 million, or $1.12 per share, which was below the adjusted earnings estimate of $1.42 per share. The company's net income for the year was $78.9 million, reflecting a decrease largely due to regulatory delays and increased capital expenditures. Notable achievements included the acquisition of C Energy, contributing to a 4.6% growth in its water and renewable segments, and the commencement of operations at two renewable natural gas facilities. Despite challenges, NW Natural projects full-year earnings for 2025 between $2.75 and $2.95 per share, maintaining a long-term growth target of 4% to 6% annually. The company plans significant capital expenditures of $450 million to $500 million in 2025, emphasizing ongoing investments in infrastructure. The mixed financial performance highlights both the potential for growth and the impact of current regulatory and operational challenges.