(NWN) Northwest Natural Gas - Overview
Stock: Gas Distribution, Gas Storage, Water Services, Appliance Sales
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.51% |
| Yield on Cost 5y | 5.34% |
| Yield CAGR 5y | 0.52% |
| Payout Consistency | 99.3% |
| Payout Ratio | 141.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 21.3% |
| Relative Tail Risk | -0.52% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.04 |
| Alpha | 19.42 |
| Character TTM | |
|---|---|
| Beta | 0.075 |
| Beta Downside | 0.055 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.93% |
| CAGR/Max DD | 0.18 |
Description: NWN Northwest Natural Gas January 15, 2026
Northwest Natural Holding Company (NYSE:NWN) operates through its subsidiary, Northwest Natural Gas Company, delivering regulated natural-gas service to residential, commercial, and industrial customers in Oregon and southwest Washington. In addition to core distribution, the firm runs a mist-gas storage facility that it contracts out to other utilities, marketers, and power generators, provides natural-gas asset-management services, and operates an appliance-retail center. Its portfolio also includes water and wastewater connections, non-regulated renewable natural-gas projects, and assorted investment activities.
Key operating metrics (2023): regulated revenue of $1.0 billion, operating cash flow of $380 million, and a rate base of roughly $4.2 billion, yielding a regulated return on equity near 9 %. The business is sensitive to regional gas-demand growth (historically 2-3 % YoY in the Pacific Northwest) and to state-level decarbonization policies that are accelerating renewable-natural-gas (RNG) development. A sector-wide driver is the increasing reliance on natural-gas storage to balance intermittent renewables, which can boost utilization of NWN’s storage assets.
For a deeper dive into NWN’s valuation metrics and peer comparison, check out the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 100.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 0.47 > 1.0 |
| NWC/Revenue: -24.27% < 20% (prev -13.93%; Δ -10.33% < -1%) |
| CFO/TA 0.04 > 3% & CFO 246.4m > Net Income 100.5m |
| Net Debt (2.48b) to EBITDA (435.7m): 5.70 < 3 |
| Current Ratio: 0.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (41.2m) vs 12m ago 7.27% < -2% |
| Gross Margin: 35.35% > 18% (prev 0.34%; Δ 3502 % > 0.5%) |
| Asset Turnover: 23.45% > 50% (prev 23.01%; Δ 0.44% > 0%) |
| Interest Coverage Ratio: 2.25 > 6 (EBITDA TTM 435.7m / Interest Expense TTM 111.5m) |
Altman Z'' 0.53
| A: -0.05 (Total Current Assets 435.6m - Total Current Liabilities 742.8m) / Total Assets 5.85b |
| B: 0.07 (Retained Earnings 398.6m / Total Assets 5.85b) |
| C: 0.05 (EBIT TTM 251.4m / Avg Total Assets 5.40b) |
| D: 0.32 (Book Value of Equity 1.43b / Total Liabilities 4.42b) |
| Altman-Z'' Score: 0.53 = B |
Beneish M -2.70
| DSRI: 1.18 (Receivables 97.0m/74.1m, Revenue 1.27b/1.14b) |
| GMI: 0.95 (GM 35.35% / 33.75%) |
| AQI: 1.28 (AQ_t 0.19 / AQ_t-1 0.15) |
| SGI: 1.11 (Revenue 1.27b / 1.14b) |
| TATA: -0.02 (NI 100.5m - CFO 246.4m) / TA 5.85b) |
| Beneish M-Score: -2.70 (Cap -4..+1) = A |
What is the price of NWN shares?
Over the past week, the price has changed by +3.24%, over one month by +4.16%, over three months by +4.27% and over the past year by +24.17%.
Is NWN a buy, sell or hold?
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NWN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 54.3 | 13% |
| Analysts Target Price | 54.3 | 13% |
| ValueRay Target Price | 51.5 | 7.2% |
NWN Fundamental Data Overview February 04, 2026
P/E Forward = 15.949
P/S = 1.5523
P/B = 1.3476
P/EG = 2.4531
Revenue TTM = 1.27b USD
EBIT TTM = 251.4m USD
EBITDA TTM = 435.7m USD
Long Term Debt = 2.13b USD (from longTermDebt, last quarter)
Short Term Debt = 313.8m USD (from shortTermDebt, last quarter)
Debt = 2.52b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.48b USD (from netDebt column, last quarter)
Enterprise Value = 4.45b USD (1.97b + Debt 2.52b - CCE 32.2m)
Interest Coverage Ratio = 2.25 (Ebit TTM 251.4m / Interest Expense TTM 111.5m)
EV/FCF = -23.89x (Enterprise Value 4.45b / FCF TTM -186.4m)
FCF Yield = -4.19% (FCF TTM -186.4m / Enterprise Value 4.45b)
FCF Margin = -14.72% (FCF TTM -186.4m / Revenue TTM 1.27b)
Net Margin = 7.94% (Net Income TTM 100.5m / Revenue TTM 1.27b)
Gross Margin = 35.35% ((Revenue TTM 1.27b - Cost of Revenue TTM 818.5m) / Revenue TTM)
Gross Margin QoQ = 4.10% (prev 35.71%)
Tobins Q-Ratio = 0.76 (Enterprise Value 4.45b / Total Assets 5.85b)
Interest Expense / Debt = 1.21% (Interest Expense 30.4m / Debt 2.52b)
Taxrate = 28.26% (31.1m / 109.9m)
NOPAT = 180.4m (EBIT 251.4m * (1 - 28.26%))
Current Ratio = 0.59 (Total Current Assets 435.6m / Total Current Liabilities 742.8m)
Debt / Equity = 1.76 (Debt 2.52b / totalStockholderEquity, last quarter 1.43b)
Debt / EBITDA = 5.70 (Net Debt 2.48b / EBITDA 435.7m)
Debt / FCF = -13.32 (negative FCF - burning cash) (Net Debt 2.48b / FCF TTM -186.4m)
Total Stockholder Equity = 1.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.86% (Net Income 100.5m / Total Assets 5.85b)
RoE = 7.01% (Net Income TTM 100.5m / Total Stockholder Equity 1.43b)
RoCE = 7.06% (EBIT 251.4m / Capital Employed (Equity 1.43b + L.T.Debt 2.13b))
RoIC = 4.89% (NOPAT 180.4m / Invested Capital 3.69b)
WACC = 3.20% (E(1.97b)/V(4.48b) * Re(6.19%) + D(2.52b)/V(4.48b) * Rd(1.21%) * (1-Tc(0.28)))
Discount Rate = 6.19% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 4.61%
Fair Price DCF = unknown (Cash Flow -186.4m)
EPS Correlation: -20.46 | EPS CAGR: -26.94% | SUE: -4.0 | # QB: 0
Revenue Correlation: -2.30 | Revenue CAGR: -14.32% | SUE: -0.54 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.24 | Chg30d=-0.002 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=2.98 | Chg30d=-0.007 | Revisions Net=+1 | Growth EPS=+2.1% | Growth Revenue=+5.8%