Northwest Natural Holding Company (NWN) AI Stock Analysis

Northwest Natural Holding Company, operating primarily through Northwest Natural Gas Company, distributes regulated natural gas across Oregon and Southwest Washington through approximately 786,000 meters. The utility also operates the Mist gas storage facility with a 5.7 billion cubic foot capacity, leasing it to third-party marketers and utilities. Additionally, the company provides natural gas asset management services, operates an appliance retail center, and pursues investments in gas storage, water services, and non-regulated renewable natural gas. Through its water business, it serves roughly 80,000 people across 33,000 water and wastewater connections in the Pacific Northwest and Texas.

Between FY2020 and FY2025, NWN achieved a revenue compound annual growth rate of 10.8%. Annual revenue rose from $860.4M in FY2021 to $1.29B in FY2025, despite a 3.7% dip in FY2024 to $1.15B. FY2025 net income reached $113.3M with an EPS of $2.95, while operating margin expanded to 31.4%. Over the trailing twelve months ended June 30, 2026, NWN generated $1.29B in revenue with an operating margin of 13.6% and a net profit margin of 9.7%. In the latest quarter, quarterly revenue climbed 3.1% year-over-year, accompanied by 6.9% quarterly earnings growth.

As of June 30, 2026, NWN held $24.2M in cash and short-term investments against $2.70B in total debt, leading to net debt of $2.68B. Shareholders' equity was $1.56B against total assets of $6.44B, yielding a debt-to-equity ratio of 1.73 and a current ratio of 0.77. In FY2025, operating cash flow stood at $269.1M, which was outpaced by $466.9M in capital expenditures, resulting in free cash flow of -$197.8M. Financing actions included $47.4M in share issuance and $77.3M paid in dividends.

At $48.99 per share, NWN carries a market capitalization of $2.06B and an enterprise value of $4.67B. The stock trades at a trailing P/E of 16.3x and a forward P/E of 14.5x, below the median of its US-listed Utilities peers of 20.6x and 17.2x, respectively. Its EV/EBITDA multiple of 9.5x and price-to-sales ratio of 1.6x also sit below peer medians of 12.1x and 2.4x. Over the past year, the stock returned 12.3%, trailing the S&P 500 return of 16.8%, and its 5-year return of 28.8% lags the benchmark's 83.0%.

NWN offers an annualized forward dividend of $2.00 per share, delivering a dividend yield of 4.08%. The company has sustained a 42-year track record of consecutive dividend payments, supported by a payout ratio of 66.0%. Over the last five years, the dividend grew at an annualized rate of 0.5%. The last ex-dividend date was October 30, 2026.

Wall Street coverage consists of 6 analysts, with 3 Strong Buy and 3 Hold recommendations. The mean price target is $57.40, representing 17.2% upside from the last close of $48.99. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $3.08 on revenue of $1.38B. For the next fiscal year, 5 analysts expect revenue of $1.46B and EPS of $3.23. The company beat EPS expectations in 2 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Northwest Natural Holding Company (NWN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NWN income statement, NWN balance sheet, NWN key metrics, NWN analyst forecast, NWN chart. See the NWN stock overview for the latest quote and news.