Tuesday, April 13, 2021
April 13, 2021

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Northwest Natural reports Q4 profit

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PORTLAND — Northwest Natural Holding Company (NWN) on Friday reported fourth-quarter profit of $52 million.

On a per-share basis, the Portland, Oregon-based company said it had net income of $1.70. Earnings, adjusted to account for discontinued operations, were $1.50 per share.

The natural gas distributor posted revenue of $260.3 million in the period.

For the year, the company reported profit of $76.8 million, or $2.51 per share. Revenue was reported as $773.7 million.

Northwest Natural expects full-year earnings to be $2.40 to $2.60 per share.

Northwest Natural shares have climbed 6% since the beginning of the year. The stock has fallen 34% in the last 12 months.

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