NW Natural Q3 net loss per share narrows, raises 2026 EPS guidance
NWN•NW Natural reported a third-quarter loss of $0.71 per share, narrowed slightly from a year earlier, and raised its 2026 EPS guidance to $3.10–$3.20 from $2.95–$3.15. The company also announced its largest dividend increase since 2012.
1. Guidance raised
NW Natural raised its 2026 EPS guidance to $3.10–$3.20 from $2.95–$3.15, citing strong performance and regulatory outcomes. It reaffirmed its 2026–2030 EPS growth target of 4%–6%, or 5%–7% with the MX3 project, and expects capital expenditures of $2.6 billion to $2.9 billion over that period.
2. Quarterly results
The company reported a third-quarter loss of $0.71 per share, which narrowed slightly from the prior year. Higher margins from new rates in Oregon and Washington and lower operating and maintenance expenses were offset by higher depreciation and financing costs tied to continued investment. NW Natural also announced its largest dividend increase since 2012; the reported Q3 dividend was $0.50.
