The financials
Northwest Natural Holding Company by the numbers
Northwest Natural Holding Company (NWN) reported revenue of $490M in Q1 2026 (quarter ended March 31, 2026), down 0.8% from the same quarter a year earlier. That came with net income of $97M (20% of revenue). For the full year FY2025, revenue was $1.29B (+12% year on year) and net income $113M. Its largest segment in 2026-Q1 was NW Natural at $399M, 82% of the disclosed total, just ahead of Si Energy Gas Utility at 6.5%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $490M | $494M | −0.8% |
| Operating income | $163M | $154M | +5.5% |
| Net income | $97M | $88M | +11% |
| Diluted EPS | $2.33 | $2.18 | +6.9% |
| Operating | Revenue | Share |
|---|---|---|
| NW Natural | $399M | 82% |
| Si Energy Gas Utility | $32M | 6.5% |
| Si Energy | $28M | 5.9% |
| NWN Water Utility | $15M | 3.1% |
| Other | $9.8M | 2.0% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $484.0M (+834%)
Si Energy Gas Utility grew +40% year on yearNW Natural -7.2% year on year
Segment Latestquarter on quarteryear on year
- NW Natural$399.1M$399.1MQoQ -year on year -7.2%--7.2%
- Si Energy Gas Utility$31.7M$31.7MQoQ +168%year on year +40%+168%+40%
- Si Energy$28.4M$28.4MQoQ -year on year +27%-+27%
- NWN Water Utility$15.0M$15.0MQoQ -20%year on year +7.6%-20%+7.6%
- Other$9.8M$9.8MQoQ -year on year +11%-+11%
- NW Holdings Other--QoQ -year on year ---
- NWN Water$0.00$0.00QoQ -year on year ---
- NW Natural Other--QoQ -year on year ---
Utilities - Regulated Gas
Ranks #8 of 13 by Smart Score