NORTHWEST PIPELINE LLC
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 4, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
NWP
NWP - Results of Operations
| Six Months Ended June 30, | |||||
|---|---|---|---|---|---|
| 2025 · $ Changefrom2024* · % Changefrom2024* · 2024 | |||||
| (Millions) | |||||
| Revenues: | |||||
| Natural gas transportation service revenues | $212 | $+3 | +1% | $209 | |
| Natural gas storage service revenues | 8 | — | —% | 8 | |
| Other service revenues | 4 | -1 | -20% | 5 | |
| Total revenues | 224 | 222 | |||
| Costs and expenses: | |||||
| Operating and maintenance expenses | 45 | — | —% | 45 | |
| Selling, general, and administrative expenses | 24 | — | —% | 24 | |
| Depreciation and amortization expenses | 59 | -5 | -9% | 54 | |
| Taxes, other than income taxes | 8 | -1 | -14% | 7 | |
| Other (income) expense - net | (10) | +1 | +11% | (9) | |
| Total costs and expenses | 126 | 121 | |||
| Operating income (loss) | 98 | -3 | -3% | 101 | |
| Interest expense | (14) | — | —% | (14) | |
| Allowance for equity and borrowed funds used during construction (AFUDC) | 4 | — | —% | 4 | |
| Other income (expense) – net | 3 | -2 | -40% | 5 | |
| Net income (loss) | $91 | $-5 | -5% | $96 | |
Variances due to changes in natural gas prices and transportation volumes have little impact on revenues, because under our rate design methodology, the majority of overall cost of service is recovered through firm capacity reservation charges in our transportation rates.
Revenues increased primarily due to:
An increase in Natural gas transportation service revenues primarily due to a cost recovery surcharge effective April 1, 2025, partially offset by one less billing day in 2025 and a decrease in short-term firm transportation;
Partially offset by a decrease in Other service revenues from lower park and loan services.
Other (income) expense - net changed favorably primarily as a result of projects transferred to capital.
Depreciation and amortization expenses increased due to additional assets placed in service in 2025.
Other income (expense) – net decreased primarily due to a decrease in affiliated interest income on our advances to Williams due to a lower note receivable balance during 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.