Northwest Natural Holding Co
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| In thousands, except per share data | 2024 | 2023 | 2024 | 2023 |
| Operating revenues | $136,934 | $141,479 | $782,118 | $841,761 |
| Operating expenses: | ||||
| Cost of gas | 38,902 | 49,180 | 287,589 | 357,362 |
| Operations and maintenance | 63,940 | 61,524 | 202,504 | 200,160 |
| Environmental remediation | 1,151 | 1,032 | 9,226 | 8,547 |
| General taxes | 10,886 | 10,577 | 38,207 | 35,685 |
| Revenue taxes | 5,275 | 5,523 | 32,730 | 33,750 |
| Depreciation | 34,552 | 30,061 | 101,412 | 92,819 |
| Other operating expenses | 1,560 | 1,159 | 4,249 | 3,664 |
| Total operating expenses | 156,266 | 159,056 | 675,917 | 731,987 |
| (Loss) income from operations | (19,332) | (17,577) | 106,201 | 109,774 |
| Other income (expense), net | 930 | 5,004 | (198) | 13,228 |
| Interest expense, net | 19,060 | 19,406 | 58,902 | 56,676 |
| (Loss) income before income taxes | (37,462) | (31,979) | 47,101 | 66,326 |
| Income tax (benefit) expense | (10,295) | (8,292) | 13,232 | 17,098 |
| Net (loss) income | (27,167) | (23,687) | 33,869 | 49,228 |
| Other comprehensive income (loss): | ||||
| Change in employee benefit plan liability, net of taxes of $58 and $9 for the three and nine months ended September 30, 2024, respectively | (58) | — | (192) | — |
| Amortization of non-qualified employee benefit plan liability, net of taxes of $54 and $37 for the three months ended and $155 and $111 for the nine months ended September 30, 2024 and 2023, respectively | 153 | 102 | 432 | 307 |
| Unrealized (loss) gain on interest rate swaps, net of taxes of $279 and $62 for the three months ended and $133 and $359 for the nine months ended September 30, 2024 and 2023, respectively | (775) | 174 | (371) | 999 |
| Comprehensive (loss) income | $(27,847) | $(23,411) | $33,738 | $50,534 |
| Average common shares outstanding: | ||||
| Basic | 38,394 | 36,214 | 38,356 | 35,950 |
| Diluted | 38,394 | 36,214 | 38,412 | 35,980 |
| (Loss) earnings per share of common stock: | ||||
| Basic | $(0.71) | $(0.65) | $0.88 | $1.37 |
| Diluted | (0.71) | (0.65) | 0.88 | 1.37 |
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