Stocks · Utilities · Regulated Gas

Northwest Natural Holding Company NWN

$47.19 -0.40% Close, Oct 5, 2026 · NYSE · Market cap $1.99B

Next earnings report: Nov 4, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Operating margin widened to 31.6% from 20.0% a year earlier.
  2. Net debt is 5.5× EBITDA, a high level of leverage.
  3. The shares trade at 15.5× trailing earnings, lower than 86% of the company's own readings over the past five years.

PromtFinance scores

Each score is a percentile within the Utilities sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.

Growth63Neutral

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 26%
  • EPS growth (TTM, YoY)Top 17%
  • Revenue growth, 3-year CAGRTop 22%
  • Revenue growth accelerationBottom 46%
Quality63Neutral

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalTop 16%
  • Gross marginTop 50%
  • Operating marginTop 10%
  • Cash conversion (OCF / net income)Bottom 20%
  • Accruals (lower is better)Bottom 14%
  • Net debt / EBITDA (lower is better)Bottom 43%
  • Interest coverTop 18%
Value65Positive

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldTop 33%
  • Free-cash-flow yieldBottom 18%
  • EBITDA / enterprise valueTop 28%
  • Sales / enterprise valueTop 34%
  • P/E vs own 5-year history (lower is better)Top 39%
Momentum67Positive

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthTop 16%
  • 6-month returnBottom 31%
  • 1-year return vs S&P 500Top 13%
  • Distance from 52-week highTop 38%
  • Trend checklist (0–4)Bottom 33%
Revisions32Weak

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersTop 7%
  • Consecutive EPS beatsBottom 39%
  • Share of analysts rating BuyBottom 14%
  • Upside to consensus price targetBottom 24%
Stability68Positive

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Bottom 46%
  • Maximum drawdown, 3 yearsTop 13%
  • Beta vs S&P 500 (lower is better)Top 35%
  • Net debt / EBITDA (lower is better)Bottom 43%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)5.9%4.4%↓
EPS growth (YoY)18.3%20.8%↑
Gross margin37.9%45.2%↑
Operating margin20.0%31.6%↑
FCF margin-14.7%-20.6%↓

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)4.4%5.9%↓Bottom 26%
EPS growth (TTM, YoY)20.8%18.3%↑Top 17%
Gross margin45.2%37.9%↑Top 50%
Operating margin31.6%20.0%↑Top 10%
Net margin9.7%8.3%↑—
Free-cash-flow margin-20.6%-14.7%↓—
Return on invested capital5.1%—Top 16%
Revenue growth, 3-year CAGR7.5%—Top 22%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
1.69×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-1.4%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.0%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+1.4 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
5.52×
Interest cover (operating income / interest)How many times operating profit covers interest.
3.5×

Shareholder returns

Dividend yield (dividends paid, TTM)
3.96%
Net buyback yield (TTM)
-2.27%
Shareholder yield
1.69%
Share count change, 1 year
+4.2%
Share count change, 3-year CAGR
+5.4%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
1
Beats in the last 8 reports
6 of 8
Average EPS surprise, last 4
+30.6%
Average 2-day reaction, last 8
-0.5%
Positive 20 days after report
6 of 8

Analysts

Consensus price target
$54.00
Target vs current price
+14.4%
Analysts with a rating
8
Share rating Buy or Strong Buy
25%
Consensus rating
Hold

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Aug 5, 2026+112.2%+1.3%+3.2%+1.4%—
May 6, 2026-2.9%-7.7%-4.8%-8.5%-7.2%
Feb 27, 2026+2.2%+5.5%+3.6%+5.2%-0.7%
Nov 5, 2025+11.0%-1.5%+2.2%+2.4%+1.3%
Aug 5, 2025+114.3%-1.8%+0.4%+3.0%+17.2%
May 6, 2025+9.1%+0.2%-5.4%-6.5%-8.3%
Feb 28, 2025-0.7%-0.6%+0.7%+1.3%-0.9%
Nov 12, 2024+10.1%+0.5%+0.4%+1.3%-3.5%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Aug 5, 2026$0.01-$0.08+112.2%$243.6M
May 6, 2026$2.33$2.40-2.9%$490.4M
Feb 27, 2026$1.39$1.36+2.2%$394.2M
Nov 5, 2025-$0.73-$0.82+11.0%$164.7M
Aug 5, 2025$0.01-$0.07+114.3%$236.2M
May 6, 2025$2.28$2.09+9.1%$494.3M
Feb 28, 2025$1.41$1.42-0.7%$370.9M
Nov 12, 2024-$0.71-$0.79+10.1%$136.9M

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)15.5×17.3×14thTop 33%
P/E (forward)15.3×———
EV / EBITDA9.6×——Top 28%
EV / Sales3.61×——Top 34%
Free-cash-flow yield-13.34%——Bottom 18%
Earnings yield6.47%——Top 33%

P/E over the past five years

Range 13.9× – 21.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
+6.7%
Earnings per share growth (TTM)
+20.8%
Change in P/E multiple
+3.4%

Most of the move came from earnings growth.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✗ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-2.0%
200-day average slope (20 days)
+0.1%
Distance from 50-day average
-4.1%
Distance from 200-day average
-5.5%
RSI (14)
39.7
Relative volume
1.02×

Risk and drawdowns

Volatility, 60 days (annualized)
17.8%
Volatility vs own 5-year history
14th percentile · Low for this stock
Beta vs S&P 500 (2 years, weekly)
0.13
Correlation with S&P 500
0.10
Current drawdown from 1-year high
-15.4%
Maximum drawdown, 3 years
-16.4%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Mar 10, 2022Jun 21, 2024-38.0%573 daysNot yet recovered
Apr 20, 2021Nov 30, 2021-23.5%156 days69 days (Mar 10, 2022)
Dec 15, 2020Jan 20, 2021-17.9%23 days31 days (Mar 5, 2021)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$1.99B
P/E (TTM)
15.5
EPS, diluted (TTM)
$3.05
Revenue (TTM)
$1.29B
Dividend yield
4.17%
52-week range
$43.64 – $55.99
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$860.4M$1.04B$1.20B$1.15B$1.29B
Gross profit$329.1M$341.2M$423.9M$397.6M$510.1M
Operating income$163.1M$167.5M$184.9M$191.1M$404.7M
Net income$78.7M$86.3M$93.9M$78.9M$113.3M
EPS (diluted)$2.56$2.54$2.59$2.03$2.77
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$136.9M$370.9M$494.3M$236.2M$164.7M$394.2M$490.4M$243.6M
Net income-$27.2M$45.0M$87.9M-$2.5M-$29.9M$57.8M$97.5M$600,000
EPS (diluted)-$0.71$1.12$2.18-$0.06-$0.73$1.39$2.38$0.01
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$160.4M$147.7M$279.9M$200.3M$269.1M
Capital expenditure-$293.9M-$338.6M-$327.3M-$394.4M-$466.9M
Free cash flow-$133.5M-$190.9M-$47.4M-$194.1M-$197.8M
Dividends paid-$55.9M-$62.8M-$67.3M-$72.9M-$77.3M
Net share buybacks$17.5M$208.6M$66.5M$90.4M$47.4M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$24.2M
Total assets
$6.44B
Total liabilities
$4.88B
Total debt
$2.70B
Net debt
$2.68B
Shareholders’ equity
$1.56B

As of Jun 30, 2026 (filed Aug 5, 2026).

Dividends

Ex-dateAmountPaid
Jul 31, 2026$0.49Aug 14, 2026
Apr 30, 2026$0.49May 15, 2026
Jan 30, 2026$0.49Feb 13, 2026
Oct 31, 2025$0.49Nov 14, 2025
Jul 31, 2025$0.49Aug 15, 2025
Apr 30, 2025$0.49May 15, 2025
Jan 31, 2025$0.49Feb 14, 2025
Oct 31, 2024$0.49Nov 15, 2024

Short interest

Shares sold short
1,857,377
Days to cover
8.53
Change vs previous report
+2.7%

FINRA short interest, settlement date Sep 15, 2026.

Stock splits

Sep 9, 1996
3-for-2