Northwest Natural Holding Co
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
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, 2024 · Filed Aug 2, 2024
NWN$52.02+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1.
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| In thousands, except per share data | 2024 | 2023 | 2024 | 2023 |
| Operating revenues | $211,714 | $237,859 | $645,184 | $700,282 |
| Operating expenses: | ||||
| Cost of gas | 72,970 | 102,433 | 248,687 | 308,182 |
| Operations and maintenance | 64,950 | 66,819 | 138,564 | 138,636 |
| Environmental remediation | 2,329 | 2,140 | 8,075 | 7,515 |
| General taxes | 11,853 | 10,889 | 27,321 | 25,108 |
| Revenue taxes | 9,211 | 9,185 | 27,455 | 28,227 |
| Depreciation | 33,762 | 31,293 | 66,860 | 62,758 |
| Other operating expenses | 933 | 1,257 | 2,689 | 2,505 |
| Total operating expenses | 196,008 | 224,016 | 519,651 | 572,931 |
| Income from operations | 15,706 | 13,843 | 125,533 | 127,351 |
| Other income (expense), net | 6 | 6,618 | (1,128) | 8,224 |
| Interest expense, net | 19,311 | 18,974 | 39,842 | 37,270 |
| (Loss) income before income taxes | (3,599) | 1,487 | 84,563 | 98,305 |
| Income tax (benefit) expense | (812) | 243 | 23,527 | 25,390 |
| Net (loss) income | (2,787) | 1,244 | 61,036 | 72,915 |
| Other comprehensive income (loss): | ||||
| Change in employee benefit plan liability, net of taxes of $115 and $49 for the three and six months ended June 30, 2024, respectively | 115 | — | (134) | — |
| Amortization of non-qualified employee benefit plan liability, net of taxes of $55 and $37 for the three months ended and $101 and $74 for the six months ended June 30, 2024 and 2023, respectively | 152 | 103 | 279 | 205 |
| Unrealized gain on interest rate swaps, net of taxes of $22 and $445 for the three months ended and $146 and $297 for the six months ended June 30, 2024 and 2023, respectively | 58 | 1,236 | 404 | 825 |
| Comprehensive (loss) income | $(2,462) | $2,583 | $61,585 | $73,945 |
| Average common shares outstanding: | ||||
| Basic | 38,260 | 36,019 | 38,013 | 35,815 |
| Diluted | 38,260 | 36,062 | 38,059 | 35,845 |
| (Loss) earnings per share of common stock: | ||||
| Basic | $(0.07) | $0.03 | $1.61 | $2.04 |
| Diluted | (0.07) | 0.03 | 1.60 | 2.03 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.