Northwest Natural (NWN) Delivers Strong Q4, Introduces Major Storage Expansion Initiative

Northwest Natural Holding Company (NYSE:NWN) is included among the 14 Value Stocks to Buy with High Dividend Yields.

Northwest Natural Holding Company (NYSE:NWN) reported its Q4 2025 results on February 27. During the earnings call, CEO Justin Palfreyman said the company delivered record adjusted earnings per share, landing at the high end of its guidance range. He also said the company put a record amount of capital to work to support its customers. That investment showed up in customer growth, which reached its strongest level in nearly 20 years.

Palfreyman also introduced the MX3 storage expansion project in the Pacific Northwest. He said the project is expected to improve reliability in the region and add more capacity over time. He noted that once approved, the project could play an important role in supporting the company’s long-term earnings growth target of 5% to 7%.

He also spoke about regulatory progress. He said the company resolved its Oregon rate case in 2025, with the new rates taking effect on October 31. In Washington, he said the company worked closely with regulators and other parties and reached a settlement in principle. This resolved the revenue requirement portion of the case and provided more clarity going forward.

Looking ahead, Palfreyman said the company introduced its 2026 adjusted earnings per share guidance in the range of $2.95 to $3.15. He also reaffirmed the long-term outlook, saying the company expects adjusted earnings per share to grow at a compound annual rate of 4% to 6% from 2025 through 2030.

Northwest Natural Holding Company (NYSE:NWN), through its subsidiaries, provides energy as well as water and wastewater services. The company serves nearly one million meters across seven states.