StockNews.AI
NWN
StockNews.AI
172 days

NW Natural Holdings Reports Fourth Quarter and Full Year 2024 Results

1. NWN's adjusted earnings for 2024 declined to $2.33 per share. 2. The decline is attributed to regulatory lag until new rates take effect.

Earnings
-0.63%Current Return
VS
+1.56%S&P 500
$41.1402/28 06:14 AM EDTEvent Start
$40.8803/03 06:35 AM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bearish?

The drop in net income and adjusted earnings indicates declining profitability, similar to prior regulatory adjustments which negatively impacted utility stocks in their early phases. Historical patterns show that earnings declines can lead to falling stock prices as investor confidence wanes.

How important is it?

The earnings report directly affects NWN’s stock price by illustrating a decline in profitability, making it a significant influencing factor in the short term. Regulatory environments can change stock dynamics considerably, and thus it's crucial for stakeholders to stay informed about NWN's earnings trajectory.

Why Short Term?

The immediate effects of earnings on stock price are often felt quickly; the upcoming regulatory rate changes might offer recovery but are not immediate. Similar instances have shown that regulatory delays can cause short-term pressures on utility stock valuations.

Related Companies

CMSPNWSRE
PORTLAND, Ore.--(BUSINESS WIRE)--Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) reported financial results and highlights including: Reported net income of $2.03 per share and achieved adjusted earnings1 of $2.33 per share for 2024, compared to net income of $2.59 per share for 2023, a decline primarily due to regulatory lag for the first 10 months of 2024 until new Oregon gas utility rates were effective on Nov. 1, 2024 Acquisition of SiEnergy, a high-growth gas utility lo.

Related News