NWN Stock Analysis: Northwest Natural Gas | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 2.181m USD | 12M Return: 15.6% | US66765N1054 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.1M
EPS Trend: 77.6%
Qual. Beats: 1
Rev. Trend: 87.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Northwest Natural Holding Company (NWN) is a Portland, Oregon-based holding company that primarily delivers regulated natural gas distribution services to residential, commercial, and industrial customers through its subsidiary, Northwest Natural Gas Company. Founded in 1859, the company operates across three reporting segments: NWN Gas Utility, SiEnergy, and NWN Water, with its core service territory covering Oregon and southwest Washington. Beyond gas distribution, NWN runs the Mist gas storage facility (contracted to utilities, third-party marketers, and electric generators), provides natural gas asset management and interstate storage services, and operates an appliance retail center.
In addition to its core utility operations, the company has expanded into adjacent regulated and non-regulated businesses, including water and wastewater connections, operation and maintenance services for water and wastewater system owners, and renewable natural gas ventures. As a GICS-classified Gas Utility, NWN operates under a regulated rate-of-return business model, where state public utility commissions set rates that allow the company to earn a permitted return on its rate base, providing relatively stable and predictable cash flows compared with unregulated energy businesses.
- Oregon rate case decisions drive gas utility margin recovery
- Mist storage revenue grows on third-party marketer and power generator demand
- NWN Water and SiEnergy customer additions accelerate non-regulated earnings
| Net Income: 126.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -1.25 > 1.0 |
| NWC/Revenue: -9.33% < 20% (prev -24.27%; Δ 14.93% < -1%) |
| CFO/TA 0.03 > 3% & CFO 216.4m > Net Income 126.0m |
| Net Debt (2.92b) to EBITDA (501.4m): 5.81 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.1m) vs 12m ago 2.27% < -2% |
| Gross Margin: 54.44% > 18% (prev 35.35%; Δ 19.08% > 0.5%) |
| Asset Turnover: 21.01% > 50% (prev 21.63%; Δ -0.61% > 0%) |
| Interest Coverage Ratio: 2.36 > 6 (EBIT TTM 288.4m / Interest Expense TTM 122.4m) |
| A: -0.02 (Total Current Assets 542.6m - Total Current Liabilities 664.5m) / Total Assets 6.58b |
| B: 0.07 (Retained Earnings 441.4m / Total Assets 6.58b) |
| C: 0.05 (EBIT TTM 288.4m / Avg Total Assets 6.22b) |
| D: 0.30 (Book Value of Equity 1.51b / Total Liabilities 5.06b) |
| Altman-Z'' = 0.72 = B |
| DSRI: 0.92 (Receivables 92.4m/97.0m, Revenue 1.31b/1.27b) |
| GMI: 0.65 (GM 35.35% / 54.44%) |
| AQI: 1.08 (AQ_t 0.20 / AQ_t-1 0.19) |
| SGI: 1.03 (Revenue 1.31b / 1.27b) |
| TATA: -0.01 (NI 126.0m - CFO 216.4m) / TA 6.58b) |
| Beneish M = -3.34 (Cap -4..+1) = AA |
As of November 07, 2026, the stock is trading at USD 51.75 with a total of 404,873 shares traded. Over the past week, the price has changed by +3.65%, over one month by +10.14%, over three months by +2.96% and over the past year by +15.59%.
Current recommended Stop Loss: 50.00 (which is 3.4% or 1.7 ATR below the current price).
Northwest Natural Gas has received a consensus analysts rating of 3.75. Therefore, it is recommended to hold NWN.
- StrongBuy: 3
- Buy: 0
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 55.1 | 6.6% |
P/E Trailing = 17.2126
P/E Forward = 15.6986
P/S = 1.6869
P/B = 1.3851
P/EG = 2.3143
Revenue TTM = 1.31b USD
EBIT TTM = 288.4m USD
EBITDA TTM = 501.4m USD
Long Term Debt = 2.27b USD (from longTermDebt, last fiscal year)
Short Term Debt = 250.5m USD (from shortTermDebt, last quarter)
Debt = 2.95b USD (from shortLongTermDebtTotal, last quarter) + Leases 78.2m
Net Debt = 2.92b USD (calculated: Debt 2.95b - CCE 30.3m)
Enterprise Value = 5.10b USD (2.18b + Debt 2.95b - CCE 30.3m)
Interest Coverage Ratio = 2.36 (Ebit TTM 288.4m / Interest Expense TTM 122.4m)
EV/FCF = -17.49x (Enterprise Value 5.10b / FCF TTM -291.3m)
FCF Yield = -5.72% (FCF TTM -291.3m / Enterprise Value 5.10b)
FCF Margin = -22.30% (FCF TTM -291.3m / Revenue TTM 1.31b)
Net Margin = 9.65% (Net Income TTM 126.0m / Revenue TTM 1.31b)
Gross Margin = 54.44% ((Revenue TTM 1.31b - Cost of Revenue TTM 595.1m) / Revenue TTM)
Gross Margin QoQ = 75.19% (prev 51.36%)
Tobins Q-Ratio = 0.77 (Enterprise Value 5.10b / Total Assets 6.58b)
Interest Expense / Debt = 4.15% (Interest Expense 122.4m / Debt 2.95b)
Taxrate = 25.35% (42.8m / 168.8m)
NOPAT = 215.3m (EBIT 288.4m * (1 - 25.35%))
Current Ratio = 0.82 (Total Current Assets 542.6m / Total Current Liabilities 664.5m)
Debt / Equity = 1.95 (Debt 2.95b / totalStockholderEquity, last quarter 1.51b)
Debt / EBITDA = 5.81 (Net Debt 2.92b / EBITDA 501.4m)
Debt / FCF = -10.01 (negative FCF - burning cash) (Net Debt 2.92b / FCF TTM -291.3m)
Total Stockholder Equity = 1.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.03% (Net Income 126.0m / Total Assets 6.58b)
RoE = 8.23% (Net Income TTM 126.0m / Total Stockholder Equity 1.53b)
RoCE = 7.58% (EBIT 288.4m / Capital Employed (Equity 1.53b + L.T.Debt 2.27b))
RoIC = 3.51% (NOPAT 215.3m / Invested Capital 6.13b)
WACC = 3.84% (E(2.18b)/V(5.13b) * Re(4.83%) + D(2.95b)/V(5.13b) * Rd(4.15%) * (1-Tc(0.25)))
Discount Rate = 4.83% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.26 | Cagr: 4.36%
[DCF] Fair Price = unknown (Cash Flow -291.3m)
EPS Correlation: 77.58 | EPS CAGR: 13.05% | SUE: 1.54 | # QB: 1
Revenue Correlation: 87.39 | Revenue CAGR: 5.19% | SUE: -0.09 | # QB: 0
EPS current Quarter (2027-03-31): EPS=2.45 | Chg30d=-2.97% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=3.08 | Chg30d=-0.03% | Revisions=+25% | GrowthEPS=+5.0% | GrowthRev=+6.1%
EPS next Year (2027-12-31): EPS=3.24 | Chg30d=+0.25% | Revisions=-25% | GrowthEPS=+5.3% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -17% (up=1, down=2)