AI brief of an SEC Form 8-K · NW Natural (NWN)

NW Natural Holdings reports record 2025 adjusted EPS of $2.93; 2026 guidance $2.95–3.15

Positive Impact 3 of 5 earnings Written later

NW Natural Holdings reported full-year 2025 GAAP EPS of $2.77, up from $2.03, and adjusted EPS of $2.93, up from $2.33. For the fourth quarter, GAAP EPS rose to $1.39 from $1.12, while adjusted EPS was $1.39 versus $1.41 a year earlier. The company set 2026 EPS guidance of $2.95–3.15 and announced the MX3 Mist gas storage expansion, which is expected to cost about $300 million.

Key points

  • Full-year 2025 GAAP net income was $113.3 million ($2.77 per share), up from $78.9 million ($2.03 per share) in 2024.
  • Fourth-quarter 2025 GAAP net income was $57.8 million ($1.39 per share), up from $45.0 million ($1.12 per share); adjusted EPS was $1.39 versus $1.41.
  • 2026 EPS guidance is $2.95–3.15; the company targets 4.0–6.0% long-term EPS growth through 2030.
  • MX3 storage expansion is expected to cost about $300 million and be in service by the end of 2029; the company declared a quarterly dividend of $0.4925 per share.

The filing

CompanyNW Natural (NWN)
Form8-K, current report
Filed with the SECFeb 26, 2026, 8:00 PM ET
Accession number0001733998-26-000006

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.