Northwest Natural Holding Company · NYSE:NWN
Northwest Natural — Q1 2025 Earnings Presentation
13 slides from Northwest Natural's earnings presentation, May 6, 2025
Slide 1: NW Natural Holdings Q1 2025 Earnings Call
NW Natural Holdings Q1 2025 Earnings Call May 6, 2025
Slide 2: Investor Information
Investor Information Company FORWARD LOOKING STATEMENTS This and other presentations made by NW Natural Holdings from time to time, may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Information Reform Act of 1995. Forward-looking statements can be id
Slide 3: Leadership Presenting Today
Leadership Presenting Today Business Update • NWN Gas Utility • SiEnergy Gas Utility • NWN Water Utility • NWN Renewables Justin B. Palfreyman President & CEO Financial and Guidance Update • Q1 2025 earnings drivers • Reaffirming 2025 and long-term earnings guidance • Liquidity and financing Ray J.
Slide 4: Q1 2025 Update
Q1 2025 Update • Achieved solid financial results in Q1 2025 with adjusted EPS1 of • Strong first quarter organic customer growth of 2.2% (annualized) $2.28 vs. $1.69 EPS in prior year on a consolidated basis with new meter sets on track for the year and growth driven by SiEnergy • Closed SiEnergy a
Slide 5: 2025 Initiatives Well Underway
2025 Initiatives Well Underway NWN is well-positioned to deliver on its financial and strategic priorities in 2025 • Expect new customer rates in Oregon on Nov. 1, 2025 Pursue Constructive Oregon 1 Gas Rate Case Outcome • Currently working through regulatory process with stakeholders • Allows for st
Slide 6: Pacific Northwest Increasingly Reliant on Natural Gas
Pacific Northwest Increasingly Reliant on Natural Gas • NW Natural’s system delivers 50% more energy than any other utility in Oregon over the course of a year1 – and is critical to serving winter peak demands • Despite renewable mandates, Oregon’s reliance on natural gas use for power generation ha
Slide 7: Q1 2025 Financial Results
Q1 2025 Financial Results Q1 2025 Q1 2024 Change Key Drivers In thousands, except per share data Amount Per Share1 Amount Per Share1 Amount Per Share • $21.5 million increase in NWN Gas net income primarily due to new rates in Oregon Adjusted net income (loss)2: effective Nov. 1, 2024. NWN Gas Utili
Slide 8: Growth Outlook Reaffirmed
Growth Outlook Reaffirmed 2025 Cap-Ex On Track Key Guidance Targets Annual Guidance $450 - $500 Million (in millions) • Reaffirmed adjusted1 2025 EPS guidance in $102 the range of $2.75 – $2.95 8 • Expect SiEnergy and NWN Water to each $82 10 provide about $0.25 – $0.30 annual adjusted 10 2025 EPS1
Slide 9: Strong Balance Sheet and Liquidity
Strong Balance Sheet and Liquidity Equity Available Liquidity As of March 31, 2025 • Expect to issue $65 - $75 million for the full year 2025 (In millions) • Expect to be within original range even with planned Hughes gas utility acquisition NW Natural Holdings Cash Line of $100 Debt Credit $119 • C
Slide 10: Slide 10
Slide 11: Appendix
Appendix 11
Slide 12: Non-GAAP Information & Guidance Reconciliation
Non-GAAP Information & Guidance Reconciliation Management uses "adjusted net income", "adjusted earnings per share," “adjusted segment net loss,” "segment earnings per share” and "adjusted segment earnings per share," each of which are non-GAAP financial measures, when evaluating NW Natural Holdings
Slide 13: Non-GAAP Adjusted EPS & Net Income Reconciliation
Non-GAAP Adjusted EPS & Net Income Reconciliation Three Months Ended March 31 2025 2024 In thousands, except per share data Amount Per Share Amount Per Share Consolidated GAAP net income $87,916 $2.18 $63,823 $1.69 SiEnergy transaction costs 5,287 0.13 Income tax effect1 (1,401) (0.03) Adjusted net
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