Northwest Natural Holding Co
For the period ended Mar 31, 2024. Filed May 6, 2024.
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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.
Mar 31, 2024 · Filed May 6, 2024
NWN$52.02+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1.
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
| Three Months Ended March 31, | ||
|---|---|---|
| In thousands, except per share data | 2024 | 2023 |
| Operating revenues | $433,470 | $462,423 |
| Operating expenses: | ||
| Cost of gas | 175,717 | 205,749 |
| Operations and maintenance | 73,614 | 71,817 |
| Environmental remediation | 5,746 | 5,375 |
| General taxes | 15,468 | 14,219 |
| Revenue taxes | 18,244 | 19,042 |
| Depreciation | 33,098 | 31,465 |
| Other operating expenses | 1,756 | 1,248 |
| Total operating expenses | 323,643 | 348,915 |
| Income from operations | 109,827 | 113,508 |
| Other income (expense), net | (1,134) | 1,606 |
| Interest expense, net | 20,531 | 18,296 |
| Income before income taxes | 88,162 | 96,818 |
| Income tax expense | 24,339 | 25,147 |
| Net income | 63,823 | 71,671 |
| Other comprehensive income (loss): | ||
| Change in employee benefit plan liability, net of taxes of $(66) for the three months ended March 31, 2024 | (249) | — |
| Amortization of non-qualified employee benefit plan liability, net of taxes of $46 and $37 for the three months ended March 31, 2024 and 2023, respectively | 127 | 102 |
| Unrealized gain (loss) on interest rate swaps, net of taxes of $(124) and $149 for the three months ended March 31, 2024 and 2023, respectively | 346 | (411) |
| Comprehensive income | $64,047 | $71,362 |
| Average common shares outstanding: | ||
| Basic | 37,765 | 35,609 |
| Diluted | 37,796 | 35,708 |
| Earnings per share of common stock: | ||
| Basic | $1.69 | $2.01 |
| Diluted | 1.69 | 2.01 |
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