Northwest Natural Holding Company · NYSE:NWN
Northwest Natural — Q2 2025 Earnings Presentation
13 slides from Northwest Natural's earnings presentation, Aug 5, 2025
Slide 1: NW Natural Holdings Q2 2025 Earnings Call
NW Natural Holdings Q2 2025 Earnings Call August 5, 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 • Q2 and YTD 2025 earnings drivers • Reaffirming 2025 and long-term earnings guidance • Liquidity and financing
Slide 4: Q2 2025 Update
Q2 2025 Update • Achieved solid financial results in YTD Q2 2025 with adjusted EPS1 of $2.28 vs. $1.60 EPS in prior year • Closed the acquisition of Pines gas utility (formerly Hughes), adding scale to SiEnergy and consolidating our presence in the high-growth Texas market • Added over 92,000 gas an
Slide 5: 2025 Initiatives Well Underway
2025 Initiatives Well Underway NWN is well-positioned to deliver on its financial and strategic priorities in 2025 • Filed a settlement providing a $21.3 million revenue requirement increase and a 9.5% ROE Pursue Constructive Oregon 1 Gas Rate Case Outcome • Expect new customer rates in Oregon on Oc
Slide 6: Q2 2025 Financial Results
Q2 2025 Financial Results Q2 2025 Q2 2024 Change Key Drivers In thousands, except per share data Amount Per Share1 Amount Per Share1 Amount Per Share • $4.5 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 Utility
Slide 7: YTD 2025 Financial Results
YTD 2025 Financial Results YTD Q2 2025 YTD Q2 2024 Change Key Drivers In thousands, except per share data Amount Per Share1 Amount Per Share1 Amount Per Share • $26.0 million increase in NWN Gas net income primarily due to new rates in Oregon Adjusted net income (loss)2: effective Nov. 1, 2024 NWN G
Slide 8: Growth Outlook Reaffirmed
Growth Outlook Reaffirmed 2025 Cap-Ex On Track Key Guidance Targets Annual Guidance $450 – $500 Million Amounts in Millions • Reaffirmed adjusted1 2025 EPS guidance in $223 the range of $2.75 – $2.95 $199 19 • Expect SiEnergy and NWN Water to each 20 27 provide about $0.25 – $0.30 annual adjusted 20
Slide 9: Strong Balance Sheet and Liquidity
Strong Balance Sheet and Liquidity Equity Available Liquidity ~$550 Million As of June 30, 2025 • Expect to issue $65 – $75 million for the full year 2025 (In millions) NW Natural Holdings Debt Line of Cash Credit • Completed SiEnergy acquisition permanent financing SiEnergy Line $43 $103 with issua
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 June 30, Six Months Ended June 30, 2025 2024 2025 2024 In thousands, except per share data Amount Per Share Amount Per Share Amount Per Share Amount Per Share Consolidated GAAP net income $(2,500) $(0.06) $(2,787) $(0.07) $85,416 $
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