- Northwest Natural Holding press release ( NYSE: NWN ): Q4 GAAP EPS of $1.36 beats by $0.05 .
- Revenue of $375.25M (+27.6% Y/Y) beats by $66.08M .
- NW Natural Holdings is initiating 2023 earnings guidance in the range of $2.55 to $2.75 per share. This guidance assumes continued customer growth, average weather conditions, and no significant changes in prevailing regulatory policies, mechanisms, or outcomes, or significant local, state or federal laws, legislation or regulations.
- Initiated 2023 earnings guidance in the range of $2.55 to $2.75 per share vs $2.72 consensus and reaffirmed long-term earnings per share growth rate target of 4% to 6%.
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We expect NW Natural capital expenditures for 2023 to be in the range of $310 million to $350 million and for the five-year period from 2023 to 2027 to range from $1.3 billion to $1.5 billion. We expect NW Natural Water to invest approximately $25 million in 2023 related to maintenance capital expenditures for water and wastewater utilities owned as of Dec. 31, 2022, and for the five-year period to invest approximately $90 million to $110 million.
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Northwest Natural reports Q4 earnings beat; initiates 2023 guidance and reaffirms long-term EPS growth rate