# Northwest Natural (NWN) — Earnings

NWN · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/nwn/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.01 |
| EPS estimate | −$0.08 |
| EPS surprise | +112.20% |
| Revenue surprise | −10.42% |
| Revenue | $243.6M |
| Revenue estimate | $271.9M |
| Reported | Aug 5, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/73020/000173399826000127/nwn-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/6a76baea-3a2d-6dfe-2fe0-ca0e16cf6a3b.html) |

Northwest Natural reported Q2 2026 results on August 5, 2026. Earnings per share were $0.01, against an expected loss of $0.08, a 112.20% beat. Revenue was $243.6 million, 10.42% below the $271.9 million estimate. Compared with Q2 2025, EPS was unchanged at $0.01 and revenue rose about 3% from $236.2 million.

Results are strongly seasonal. Q1 and Q4 carry most of the year's earnings, Q2 sits near break-even, and Q3 is a loss every year in the table, most recently $0.73 per share in Q3 2025. Q1 2026 was the strongest quarter here, at $2.33 per share. Annual EPS was $2.65 in 2022, $2.60 in 2023 and $2.32 in 2024, then rose to $2.95 in 2025. Annual revenue grew from $1.04 billion in 2022 to $1.29 billion in 2025. The first half of 2026 added up to $2.34 per share, close to $2.29 a year earlier. Over the last 20 quarters, the company beat EPS estimates 14 times.

Northwest Natural reported Q3 results between November 3 and November 12 in each of the past five years. That points to early or mid-November 2026 for the next report, a quarter that has shown a loss in each year of the table.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 5, 2026 | −$0.08 | $0.01 | 112.20% | $271.9M | $243.6M |
| Q1 2026 | May 6, 2026 | $2.40 | $2.33 | -3.02% | $538.6M | $490.4M |
| Q4 2025 | Feb 27, 2026 | $1.36 | $1.39 | 2.21% | $434.6M | $394.2M |
| Q3 2025 | Nov 5, 2025 | −$0.83 | −$0.73 | 11.59% | $175.0M | $164.7M |
| Q2 2025 | Aug 5, 2025 | −$0.13 | $0.01 | 107.81% | $252.7M | $236.2M |
| Q1 2025 | May 6, 2025 | $2.01 | $2.28 | 13.43% | $476.0M | $494.3M |
| Q4 2024 | Feb 28, 2025 | $1.42 | $1.41 | -0.42% | $395.1M | $370.9M |
| Q3 2024 | Nov 12, 2024 | −$0.78 | −$0.71 | 8.51% | $138.6M | $136.9M |
| Q2 2024 | Aug 2, 2024 | −$0.13 | −$0.07 | 45.31% | $232.0M | $211.7M |
| Q1 2024 | May 6, 2024 | $1.77 | $1.69 | -4.74% | $447.8M | $433.5M |
| Q4 2023 | Feb 23, 2024 | $1.28 | $1.21 | -5.22% | $358.1M | $355.7M |
| Q3 2023 | Nov 3, 2023 | −$0.67 | −$0.65 | 2.26% | $127.4M | $141.5M |
| Q2 2023 | Aug 3, 2023 | $0.03 | $0.03 | 0.00% | $194.0M | $237.9M |
| Q1 2023 | May 4, 2023 | $1.90 | $2.01 | 5.95% | $358.8M | $462.4M |
| Q4 2022 | Feb 24, 2023 | $1.31 | $1.36 | 3.95% | $300.2M | $375.3M |
| Q3 2022 | Nov 8, 2022 | −$0.74 | −$0.56 | 23.81% | $102.9M | $116.8M |
| Q2 2022 | Aug 4, 2022 | −$0.06 | $0.05 | 187.57% | $154.1M | $195.0M |
| Q1 2022 | May 4, 2022 | $1.89 | $1.80 | -4.76% | $318.8M | $350.3M |
| Q4 2021 | Feb 25, 2022 | $1.28 | $1.31 | 2.61% | $267.3M | $294.1M |
| Q3 2021 | Nov 5, 2021 | −$0.74 | −$0.67 | 9.48% | $98.5M | $101.4M |

## Frequently Asked Questions

### When did Northwest Natural (NWN) last report earnings?

Northwest Natural last reported on Aug 5, 2026, covering fiscal Q2 2026.

### Did NWN beat earnings estimates?

Yes. Northwest Natural reported EPS of $0.01 for Q2 2026 against a −$0.08 estimate — a 112.20% beat.

### How much revenue did NWN report last quarter?

Northwest Natural reported $243.6M in revenue for Q2 2026, against a consensus estimate of $271.9M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).