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Companies / Utilities / Northwest Natural Holding Co
NWN

Northwest Natural Holding Co

UtilitiesElectric, Gas & Water
Ticker NWNPORTLAND, ORFiscal year ends DecemberBook value per share $35.97Diluted shares 42.1M

Northwest Natural Holding Company (NYSE: NWN) is a utility holding company whose businesses provide natural gas, water and wastewater services, gas storage and renewable natural gas activities. Its reportable segments are NWN Gas Utility, SiEnergy and NWN Water. NWN Gas Utility distributes regulated natural gas to… From the company’s description.

Over the twelve months to Sep 30, 2026, Northwest Natural Holding Co reported revenue of $1.31B, up 3.2% from a year earlier, and net income of $126.04M. Its operating margin was 22.9%, and operations generated $216.40M in cash. In fiscal 2025, it reported revenue of $1.29B, up 11.8% from fiscal 2024, and net income of $113.32M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.29BFY2025
+11.8% year over year
Last 12 mo $1.31B
21.79%FY2025
+5.2 percentage points
Last 12 mo 22.90%
$113.32MFY2025
+43.7% year over year
Last 12 mo $126.04M
7.68%FY2025
+2 percentage points
Last 12 mo 8.32%
Cash & financing
$269.12MFY2025
+34.4% year over year
Last 12 mo $216.40M
$-197.77MFY2025
−1.9% year over year
Last 12 mo $-291.29M
1.77FY2025
Was 1.36× a year earlier
Last 12 mo 1.84
41.0MFY2025
+5.4% year over year
Last 12 mo 42.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Northwest Natural Holding Co does

In the company’s own words

Northwest Natural Holding Company (NYSE: NWN) is a utility holding company whose businesses provide natural gas, water and wastewater services, gas storage and renewable natural gas activities. Its reportable segments are NWN Gas Utility, SiEnergy and NWN Water. NWN Gas Utility distributes regulated natural gas to residential, commercial and industrial customers in Oregon and southwest Washington, serving approximately 810,000 meters at year-end 2025; it also operates gas storage facilities. SiEnergy provides regulated gas distribution and transmission in Texas, primarily serving residential and commercial customers through approximately 90,000 meters. NWN Water provides regulated water and wastewater services, as well as unregulated wastewater and operations services, in Oregon, Washington, Idaho, Arizona and Texas. The company also pursues non-regulated renewable natural gas activities through NWN Renewables. Its gas storage business serves utility customers and third parties, including utilities and gas marketers, and the North Mist facility provides contracted storage service to Portland General Electric. NW Natural and its predecessors have supplied gas service since 1859.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
PORTLAND, OR
Fiscal year end
December
CIK
1733998
SIC
4924

Financial performance, year by year

Fiscal 2018–2025 · USD
$-130.61M$261.22M$653.04M$1.04B$1.44B20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Northwest Natural Holding Co — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

279
funds hold it
0 of 35
superinvestors hold it
$998.55M
held by funds, at market
47.5%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Northwest Natural Holding Co’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.11%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.07%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Northwest Natural Holding Co’s bonds, as funds hold them

Funds report holding 1 issues of Northwest Natural Holding Co’s debt, $47.96M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.00%, maturing 2055 to 2055.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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