Northwest Natural Holding Company · NYSE:NWN
Northwest Natural — NW Natural Holdings — Q3 2026 Earnings Presentation
15 slides from Northwest Natural's earnings presentation, Nov 5, 2026
Slide 1: Q3 2026 Earnings Call
Q3 2026 EARNINGS CALL Nov. 5, 2026
Slide 2: Investor Information
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance Investor Information COMPANY INFORMATION FORWARD LOOKING STATEMENTS This and other presentations made by NW Natural Holdings from time to time, may contain forward - looking statements within the me
Slide 3: Leadership Presenting Today
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance Leadership Presenting Today Business Update • Q3 2026 highlights • Regulatory updates • Key growth driver updates Justin B. Palfreyman President & CEO Financial and Guidance Update • 2026 guidance •
Slide 4: 2026 YTD Financial Performance
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance 2026 YTD Financial Performance Raising 2026 EPS guidance range to $3.10 – $3.20 First nine m onths 2026 financial results compared to first nine months 2025 $1.62 989k $373M +7% +2% +12% Capital EPS
Slide 5: Regulatory Update
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance Regulatory Update Regulatory dockets are progressing with key orders and settlement secured NW Natural SiEnergy NW Natural Water Washington Multi - Year General Rate Case Texas General Rate Case Gene
Slide 6: Strategic Areas of Focus
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance Strategic Areas of Focus Achieving 2026 financial and strategic priorities 2026 Priorities • Concluded Washington rate case with new rates effective Aug. 1, 2026 Pursue Constructive • Concluded Alter
Slide 7: Expanding Gas Storage in Pacific Northwest
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance Expanding Gas Storage in Pacific Northwest Supports affordable, reliable service Mist Expansion (MX3) 4 – 5 Bcf capacity ~$300 million capital expenditures FERC regulated storage services Customers a
Slide 8: Q3 and YTD 2026 Financial Results
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance Q3 and YTD 2026 Financial Results Strong YTD performance supports 2026 EPS guidance raise Q3'26 vs. Q3'25 EPS 1,2 Q3'26 YTD vs. Q3'25 YTD Adjusted EPS 1,2 NWN Water Other NW Natural SiEnergy ($0.04)
Slide 9: Financial Outlook
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance Financial Outlook 2026 and long - term guidance 1 2025 Actuals 2026 Guidance Long - term Guidance $3.10 – $3.20 Annual Growth Rate: 4% – 6%3 Earnings Per Share $2.93 2 (Previously upper half of the g
Slide 10: Maintaining our Strong Balance Sheet
Business Updates Financial Updates Guidance Introduction Business Updates Financial Updates Guidance Maintaining our Strong Balance Sheet • Driven by strong execution at each of our three utility businesses Cash from Operations • Constructive regulation, consistent rate case cadence, and recovery me
Slide 11: Appendix
APPENDIX
Slide 12: Additional Guidance
Additional Guidance • Net income CAGR of 1% – 3% from 2025 net income of $124 million through 2030 ✓ Projected net income CAGR of 4% – 6% including MX3, which is not currently in guidance NW Natural 1 • 2026 capital expenditures are expected to be $340 – $370 million • 2026 – 2030 capital expenditur
Slide 13: Non-GAAP Financial Measures & Guidance Reconciliation
Non - GAAP Financial Measures & Guidance Reconciliation Management uses "adjusted net income", "adjusted earnings per share," "adjusted segment net income (loss)," "segment earnings per share” and "adjusted segment earnings per share," each of which are non - GAAP financial measures, when evaluating
Slide 14: Non-GAAP Adjusted EPS Reconciliation
Non - GAAP Adjusted EPS Reconciliation Three Months Ended Sep. 30, Nine Months Ended Sep. 30, Twelve Months Ended Dec. 31 2026 2025 2026 2025 2025 Consolidated GAAP net income per share $(0.71) $(0.73) $1.62 $1.36 $2.77 Transaction costs — — — 0.22 0.22 Income tax effect 1 — — — (0.06) (0.06) Adjust
Slide 15: Non-GAAP Segment EPS Reconciliation
Non - GAAP Segment EPS Reconciliation Three Months Ended Sep. 30, Nine Months Ended Sep. 30, 2026 2025 Change 2026 2025 Change Adjusted net income (loss) per share: NW Natural $(0.65) $(0.66) $0.01 $1.67 $1.69 $(0.02) SiEnergy 0.03 0.04 (0.01) 0.30 0.20 0.10 NWN Water 0.09 0.11 (0.02) 0.18 0.22 (0.0