NWN - Northwest Natural Holding GAAP EPS of $2.01 beats by $0.12 revenue of $462.43M beats by $96.97M

2023-05-04 06:10:38 ET

• Northwest Natural Holding press release ( NYSE: NWN ): Q1 GAAP EPS of $2.01 beats by $0.12 .
• Revenue of $462.43M (+32.0% Y/Y) beats by $96.97M .

• During the first three months of 2023, the Company generated $176.9 million in operating cash flows, compared to $141.0 million for the same period in 2022.

• The Company used $73.0 million in investing activities during the first three months of 2023 primarily for natural gas utility capital expenditures, compared to $69.8 million used in investing activities during the same period in 2022.

• Net cash provided by financing activities was $11.2 million for the first three months of 2023, compared to $62.8 million used in financing activities during the same period in 2022.

• As of March 31, 2023, NW Natural Holdings held cash of $140.8 million.

• Reaffirmed 2023 earnings guidance in the range of $2.55 to $2.75 per share and our long-term earnings per share growth rate target of 4% to 6% compounded annually from 2022 through 2027

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