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NW Natural Holdings Reports Fourth Quarter and Full Year 2024 Results

1. NWN reported a drop in net income for 2024 due to regulatory delays. 2. The acquisition of SiEnergy indicates a strategy for growth amidst challenges.

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FAQ

Why Bearish?

The decline in net income suggests financial strain, which may negatively affect investor confidence. Regulatory delays could hinder profitability expectations, similar to past instances in utility sectors experiencing rate adjustments.

How important is it?

The drop in net income signals potential risks that could deter some investors. The acquisition may offer future growth but is overshadowed by current financial drawbacks.

Why Short Term?

Financial impacts from regulatory delays and declining earnings are likely to affect NWN's stock price in the immediate future. Historical examples show that regulatory changes often lead to investor uncertainty in the short term.

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DTEAWK
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.

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