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Business Summary: Northwest Natural Holding Company is a holding company. The Company, through its subsidiaries, provides natural gas services. Its subsidiary, Northwest Natural Gas Company (NW Natural), distributes natural gas to residential, commercial, and industrial customers in Oregon and southwest Washington. NW Natural operates through the Natural Gas Distribution (NGD) segment. The NGD segment provides natural gas service through approximately 799,000 meters in Oregon and southwest Washington. The NGD segment serves residential, commercial, and industrial customers. Its other business activities include certain gas storage activities, water and wastewater businesses, non-regulated renewable natural gas activities and other investments and activities. It has a diverse portfolio of short, medium, and long-term firm gas supply contracts and a variety of contract types including firm and interruptible supplies as well as supplemental supplies from gas storage facilities.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Northwest Natural Holding Co revenues decreased 8% to $645.2M. Net income decreased 16% to $61M. Revenues reflect NW Natural segment decrease of 9% to $623M. Net income also reflects NW Natural segment income decrease of 1% to $126M, Other(NW Holdings) segment loss increase from $79K to $484K. Dividend per share increased from $0.97 to $0.98.